This question is a hypotheticale pole, So John & David don't get mad at me please; if one or bot
barberlover
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If one ore both major grading services ever went under, what would happen to the coin market and what would be the affect on your collection ?
Is this a possibility ? I sure don't know, but what if it did ??
Is this a possibility ? I sure don't know, but what if it did ??
The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
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Seriously, I've wondered about this.
- Would there be any flood of crosses to the other service? I don't think so, but obviously there would only be one way traffic.
- Could a new strong secong arise? Perhaps ANACS, but I don't think any new company could do it.
- Any value impact on slabs of the defunct company? Hard to tell. Possibly some collector interest due to being gone, but there are so many surviving in high grade (slab the slab?) that would be doubtful.
- Could it rock third party grading as the standard? No.
As for the market as a whole, I think there could be some big problems. The overgraded coins in the bankrupt company holders would lose a lot of value. The "good" coins could hold their own in the long run, but there could be a market shake out in the short run.
Also it could depend upon why the company went belly up. If they are done a credible job of grading and authentication, and gone under because of financial mismanagement, that's one thing. If they had done a poor job with their professional services, that would be another.
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