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Why do "Certified" coins bring the big $$$?
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<p>[QUOTE="mikenoodle, post: 731081, member: 307"]It's no secret. The certification and slabbing of coins was originally intended to create a sight-unseen market for collector coins. An independent 3rd party who would be impartial in grading a coin. They also offered authentication services. This is a great benefit to a collector because if the coin contained in a grading service holder is found to be counterfeit, the grading companies will buy the coin back. These are both added values.</p><p><br /></p><p>Since then, the market and the grading companies have evolved and the purpose and use of the services has become a bit more abstract but suffice to say that the TPGs make it easier for a dealer to buy and sell a coin because they know it is authentic, at least relatively accurate in its grade and problem-free. Less quibbling over grade and price.</p><p><br /></p><p>Most times people inaccurately grade coins and believe their worth (or profess their worth) to be vastly greater than it is. The TPG graders have years of experience over multiple series and 99 times out of 100 will be accurate to their standard.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 731081, member: 307"]It's no secret. The certification and slabbing of coins was originally intended to create a sight-unseen market for collector coins. An independent 3rd party who would be impartial in grading a coin. They also offered authentication services. This is a great benefit to a collector because if the coin contained in a grading service holder is found to be counterfeit, the grading companies will buy the coin back. These are both added values. Since then, the market and the grading companies have evolved and the purpose and use of the services has become a bit more abstract but suffice to say that the TPGs make it easier for a dealer to buy and sell a coin because they know it is authentic, at least relatively accurate in its grade and problem-free. Less quibbling over grade and price. Most times people inaccurately grade coins and believe their worth (or profess their worth) to be vastly greater than it is. The TPG graders have years of experience over multiple series and 99 times out of 100 will be accurate to their standard.[/QUOTE]
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Why do "Certified" coins bring the big $$$?
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