ARE WE just slaves to the TPG's?

TUMUSS

It is one of the few things I can think of that you pay someone to do wrong...and then willing pay them again to correct their own mistake.

Should there be a goverment office that regulates third party collectables grading? Should third party graders give you ANY deserved upgrade for free (including S/H)? Will someone actually come up with a third party grading service that gets it RIGHT 100% of the time?

I am feeling a little abused here....what are your thoughts? Is there an ALTIMATE answer?

Ryana

<< <i>It is one of the few things I can think of that you pay someone to do wrong...and then willing pay them again to correct their own mistake. >>



Sometimes, yes. But as it is often said, grades are opinions and not an absolute science. Every coin is a bit different.



<< <i>Should there be a goverment office that regulates third party collectables grading? >>



In what way? I don't think it would make the grading more consistent unless there was some fraud or unfair business practices.




<< <i>Should third party graders give you ANY deserved upgrade for free (including S/H)? >>



That would be nice, except they wouldn't be as willing to give upgrades unless the coin was blatantly undegraded.




<< <i>Will someone actually come up with a third party grading service that gets it RIGHT 100% of the time? >>



Probably not because grading is a bit of an opinion.

Deadhorse

I'm a slave no longer.

I was taught to just say no, or rather, no more.

Two incredibly bad situations back to back; a 188 day turnaround on an economy batch followed by one the worst rips on a higher end coin that many I've shown it to have ever seen. I felt more burned and helpless than anything in my life other than dealing with the IRS.

That was it for me. I haven't submitted to PCGS or any other service in over 9 months now. After a while I got over the urge and now the idea of submitting anything never even crosses my mind. They did a fine job of pushing me away from the hobby for awhile there.

fivecents

<< <i>ARE WE just slaves to the TPG's? >>


No....I had much rather be a PIMP.

fivecents

<< <i>Will someone actually come up with a third party grading service that gets it RIGHT 100% of the time? >>


This will never happen....grading is too subjective.
It's funny how nobody ever complains when they crack a coin out and resubmit for a profitable upgrade. If every certified coin was 100% correct on the grade, it would take all the fun out of the hobby/ business for me.

coinguy1

We ARE slaves to the TPG's if we do things such as:

We wont keep a coin that we like, for our collection, merely because it's in the "wrong" holder.

We decide we don't like/want a coin we used to like, simply because the grading service graded it lower than we did.

We are jealous of someone else for having a coin that grades higher than ours, even if we like our coin better.

We sell a coin that we like and buy another of the same type/date that we don't like any better, only because the other one is graded higher.

We worry about how long it takes for the TPG to entomb our coin in plastic and grade it.

And so on and so on.....

CarlWohlforth

If you like it, buy it. If you are thinking you like it but you can't afford it, but maybe you can afford it if it goes up in price later.. then you are a speculator rather than a coin collector. Many coin buyers say they are collectors but the only reason they buy is in hopes of higher value later...

nwcs

We are willing slaves because it is better than what we used to have. But the marketplace wll sort it out. Leave the government out of coins!

Fairlaneman

Coin Collecting treated as a Hobby equals Freedom.

Ken

Deadhorse

<< <i>We worry about how long it takes for the TPG to entomb our coin in plastic and grade it. >>



After 188 days you've long gone past worrying and just hope you can collect the insurance in less than another 6 months.

michael

are you collecting coins or plastic with words and numbers on it?

why dont you just collect coins and buy them raw and keep them that way

and if you want to buy them in holders then so be it buy the coin in the holder you like and leave them there or crack them out and put then in your own holders with your own grades

i am sure if you specialize that your grade is accurate and since grading is an art not an exact science just buy coins you like


i think the main problem here is that you are looking to get your coins priced with great expectations on your part by a private company which is okie but then you get disappointed

also this business of pricing coins is a business and the owners can run it and do whatever they want to do it is a free country it is their private business and it is totally currently unregulated by the feds which is the way it should be

if you do not like how they price your coins then do not send them anymore and go somewhere else or just grade your coins yourself and put them in your own holders

i am sure REALLY SURE you can grade them yourself with with accuracy too

michael

you cant get grading right anytime it is subjective and for many most all coins you can get close never perfect as it is not a science

yes there is an ultimate answer collect coins and buy what you like and grade them yourself in your own holders for your collection

and if you are not happy with a private business that if you never saw them again you would still unbelieveable as it might sound would survive and do quite well in my opinion

Myqqy

It is one of the few things I can think of that you pay someone to do wrong...and then willing pay them again to correct their own mistake

That's pretty funny.....

I am feeling a little abused here....

Did something happen recently that made you feel cheated by the TPG process??

Conder101

Well in a way yes, but the same way a lot of people are. Nw variety shows up and I gotta get one. Doesn't matter what the coin or grade is, just have to get that slab.

MrEureka

To some extent, most of us are slaves to TPG's. Dealers more so than collectors.

It's hard to get wound up over this. Slavery is a way of life for most of us. Think about how you are "enslaved" by your government, doctors, lawyers, spouses, employers, customers, etc. You're even a slave to your dog if, for a completely non-random example, you have to get up at 4:30 in the morning to walk him and prevent an "accident".

BTW, good morning.

CUEBALL

I think slabbing is one of the best things to happen to the coin hobby in a long time.I buy coins in slabs only. Not only for the grading part but because they do a very good job of weeding out counterfiet coins and most doctored coins. Sometimes they really miss the mark on grading and I wish they could get that part better.But unless you are a seasoned collector or dealer I think most people should stick to slabs.I have still made several mistakes even at doing this but not as bad as I would have if I had bought raw coins.

MrEureka

But unless you are a seasoned collector or dealer I think most people should stick to slabs.

That depends on what is important to the collector. For the collector whose greatest concerns are safety and profits, slabs are very helpful. On the other hand, some collectors tremendously enjoy the challenges and risks of making their own decisions, including those of evaluating a coin. For this latter type of collector, slabs are an annoyance.

BigGreek

I'd rather be a slave of the TPG than a stooge of the coin dealer.

topstuf

Nawssa! Not me massa!

Toby be GOOD noomissatiss.

Toby not even LIKES plassic.

Nawssa!

RYK

I am a slave to:

1. My family.
2. My job.

TPGs? I could walk away any time. (Sorry if I frightened any dealer friends )

mgoodm3

I will do whatever HRH says....