The second tier grading services could they compete with top tier?
A local former big advertiser in Coin World and other publications rarely sends coins now to the top tier grading services. He uses Anacs. I've been thinking that Anacs and ICG could compete effectively with substantial investments in their infrastructures; buying back mistakes they have graded, upgrading holders, better online resources. Many companies have re-invented themselves with substantial improvements imitating the success of major companies. How much money would it take for Anacs or ICG to compete reasonably? $10 million? The second tier companies are faster in grading and cheaper. Many collectors liked the old Anacs and ICG holders from 20 years ago. Another question: could a cac like company sticker coins they regarded as high end for grade by Anacs or ICG, and would that business model work?