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Your thoughts wanted: I'm starting my own grading service
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<p>[QUOTE="raider34, post: 783082, member: 16402"]Thanks a lot Jim, now I'm going to have to find a different way to make money! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>But seriously, to the OP, imo it would be very, very hard to start a new grading company that becomes respected, and profitable. Because, first off, pretty much any new grading service is going to be immediately labeled by most, a lower tier grading company, which doesn't put you in good company (with all the other XYZ companies). Secondly, the market has already been set, competing with the companies like PCGS and NGC is nearly impossible for a new tpg. </p><p><br /></p><p>The last point is really based around, what would make people want to submit coins to your service? New tpg slabs sell for less than the major tpg slabs, most sell right around the same price as raw coins. So there wouldn't be much of a financial gain by submitting to your company. Finally, people would have to respect your (or your graders) ability to grade coins, so you would have to have a good reputation in the numismatic community. </p><p><br /></p><p>Just some things to think about.[/QUOTE]</p><p><br /></p>
[QUOTE="raider34, post: 783082, member: 16402"]Thanks a lot Jim, now I'm going to have to find a different way to make money! :D But seriously, to the OP, imo it would be very, very hard to start a new grading company that becomes respected, and profitable. Because, first off, pretty much any new grading service is going to be immediately labeled by most, a lower tier grading company, which doesn't put you in good company (with all the other XYZ companies). Secondly, the market has already been set, competing with the companies like PCGS and NGC is nearly impossible for a new tpg. The last point is really based around, what would make people want to submit coins to your service? New tpg slabs sell for less than the major tpg slabs, most sell right around the same price as raw coins. So there wouldn't be much of a financial gain by submitting to your company. Finally, people would have to respect your (or your graders) ability to grade coins, so you would have to have a good reputation in the numismatic community. Just some things to think about.[/QUOTE]
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