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<p>[QUOTE="chip, post: 655828, member: 19122"]vess 1 wrote, "Actual NGC and PCGS graders would not vary more than a point I would bet."</p><p><br /></p><p>I agree, and disagree. I think that other conditions matter, lighting especially. The op did not dwell on the methodology of the experiment, nor many of the details of the experiment at all.</p><p><br /></p><p>I think most would agree that there could easily be a one point grade difference among experts working in controlled conditions, with consistent lighting and presentation. </p><p><br /></p><p> But as far as assigned value goes one point can mean thousands of dollars difference. This, to me takes coins from the realm of investments such as precious metals, stocks or commodities and makes it far less likely even with the use of slabbed tpg coins to make it all certain what your portfolio is worth. </p><p> </p><p> I am not saying coins are a "bad" investment, just that the subjective nature of the grading system makes coins trickier.</p><p><br /></p><p>Some years ago I heard about the chicken method of picking stocks, the paper with all the stock listings was spread out on the floor of a henhouse and where the chicken went were treated as stock picks, according to the story the stocks the chicken "picked" outperformed the stocks the experts picked.</p><p><br /></p><p>I do not think I will spread a price guide on the floor of a chicken coop anytime soon, but maybe I should.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 655828, member: 19122"]vess 1 wrote, "Actual NGC and PCGS graders would not vary more than a point I would bet." I agree, and disagree. I think that other conditions matter, lighting especially. The op did not dwell on the methodology of the experiment, nor many of the details of the experiment at all. I think most would agree that there could easily be a one point grade difference among experts working in controlled conditions, with consistent lighting and presentation. But as far as assigned value goes one point can mean thousands of dollars difference. This, to me takes coins from the realm of investments such as precious metals, stocks or commodities and makes it far less likely even with the use of slabbed tpg coins to make it all certain what your portfolio is worth. I am not saying coins are a "bad" investment, just that the subjective nature of the grading system makes coins trickier. Some years ago I heard about the chicken method of picking stocks, the paper with all the stock listings was spread out on the floor of a henhouse and where the chicken went were treated as stock picks, according to the story the stocks the chicken "picked" outperformed the stocks the experts picked. I do not think I will spread a price guide on the floor of a chicken coop anytime soon, but maybe I should.[/QUOTE]
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