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<p>[QUOTE=&quot;medoraman, post: 3960658, member: 26302&quot;]Let us think what would happen if I were correct, that TPGs manipulate their grades over time, constantly lowering them in order to drive new submissions. In such a scenario, you would see groups of people over many years make a living of simply identifying older coins that would now grade higher since they know how the TPGs have lowered standards. They simply buy older slabs and resubmit, get higher grade, and profit. However, such a situation of constantly lowering grades would put cap on prices, since those who do not know how to grade would see a constantly increasing population of a particular grade, pushing prices constantly downward.</p><p><br /></p><p>Now, does this resemble the US slabbed coin market over the last 20 years? Many dealers simply profiting by resubmitting and collectors losing money due to lack of price appreciation?</p><p><br /></p><p>TPGs have simply sucked billions out of this hobby to the detriment of all collectors. I am sure Wall Street is really more worried about the health of our hobby versus the stock price of Collectors Universe. </p><p><br /></p><p>Like I said, if they authenticated coins that would be a valuable service. If they then also graded according to a third party standard, THEN they would add true value to the hobby since they would not have the ability to lower their standards to juice their stock price as needed.</p><p><br /></p><p>I am just glad that Cointalk exists, and a reason I am a supporter, since any such questions or observations on boards run by TPGs are banned immediately, and many times posters are banned. I simply do not trust any organization that practices censorship so prevalently.</p><p><br /></p><p>Btw, anyone not believe me? Look yourself. Go get an older ANA grading standards book. Go to a coin show and you tell me if the slabs are even close. TPG apologists will say &quot;those are outmoded standards, they haven&#039;t &quot;kept up with the times&quot;&quot;. Let me ask this, what &quot;times&quot;? TPG quarterly earning report needs, or what is best for the hobby?[/QUOTE]</p><p><br /></p>

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