who has the bigger stake in keeping the grading services afloat and credible

classiccoin

real collectors.. investors and speculators.. or dealers

TUMUSS

The Grading Services' stockholders.

PerryHall

<< <i>real collectors.. investors and speculators.. or dealers >>



ALL THE ABOVE!!!!!!!!!!!!!!!!!!!!

Barry

The registry and modern folks. For most of us, the coins speak for themselves.

Hobbyist

Some dealers. Most investors. A few collectors. And, of course, the grading services.

PerryHall

<< <i> For most of us, the coins speak for themselves. >>



I was collecting coins back before the TPGS's. There weren't any local dealers near where I lived or local coin shows so I had to buy mail order. ALL coins were raw back then. You wouldn't believe the crap (including counterfeits) that you would get buying mail order back then. Most coins had to be returned at my expense. It was very frustrating and I almost gave up coin collecting back then.

291fifth

<< <i>The Grading Services' stockholders. >>



Correct!

cladking

<< <i>The registry and modern folks. For most of us, the coins speak for themselves. >>



Everyone knows that real coins haven't been made in forty years so all the moderms
are mere slabs with pocket change in them, but frankly It's a little surprising that you
believe that without the grading services there would be less demand for the finest
real coins.

The grading companies sprang up partially to fullfill the demand for high grades, to id-
entify which coins are the finest. It seems hard to believe that the grading companies
are doing much more than occupying a niche.

We modern guys don't seem to be too bright. Please explain again how the pretend
coins have been growing in demand and importance since before the grading companies
started yet are dependent on them for their markets. Please explain how ten years of
being actively ignored and omitted by the grading companies has made the moderns
dependent on them. I'm pretty sure I've seen this a dozen time even in the threads
you've posted to but my memory isn't what it once was.

BigD5

Everyone mentioned.

The marketability of the coins are immensely increased by being in credible plastic. This affects everyone from the buyer, seller and anyone inbetween.

With the marketability comes "value". Perceived, real, you pick your number, but credible plastic helps put a "number" on your coin.

The rest falls into place after that.

Sure, it's nice to buy "coins", and not "plastic", but in this market, when it comes time to sell, 9 out of 10 times you are going to get more money for your coins if they are in credible plastic.

TwoSides2aCoin

Employees, actually ! It is they who keep the business afloat or sink it, it is they, who by practicing diligence and following guidlines, lend credibility to the company, and it is they who lose the most, should the company go under.

We shareholders and stockholders can sell when we "see the signs". Owners can line their pockets along the way, it belongs to them. Collectors and dealers do not need TPG's, TPG's need Dealers and Collectors. But to answer the question as directly as I see it, I would put this right squarely on the people who punch the clock everyday and rarely have the opportunity to read what we get to discuss here. They are the graders, the telephone people, the web designers and IT people, the secretary, the shipping and receiving guys, even the forklift operator and building engineer.

I know I am not the only business owner in this forum. Those of you who have people HELPING you , that you pay a check to.... know this to be true.

They often go unnoticed, unappreciated and hardly make it financially, week to week. It is this reason I believe the Employees of TPG's have the biggest stake in keeping it afloat and credible.

Of course, the whole system depends on one another ! We each have an integral part in keeping it afloat and credible.

Thanks, this was a very mind stimulating question posed.

JSsson

Other than their own employees, I would say that dealers support the grading services more than everybody else. It is the dealers who submit the majority of the coins to the grading services, especially using services that are faster and cost more than a modern coin or an economy submisison.

roadrunner

The grading services didn't evolve to help market higher graded coins to those that wanted them. That had already been occuring for 10 years before PCGS was founded. Dealers at auctions were paying 2X and 3X premiums to 65 grade for superb gem coins. The grades of MS67 and even 67/70 were used by a number of top retailers (Jay Miller and Chris Tracy of Numismatic Professionals in the early to mid- 1980's comes to mind). Those were the supergrade coins of the day and favorably compare to what is 67 and 68 today.

Grading services evolved to save the hobby from crooks and sheisters as well as the clamps of the FTC if things didn't improve.

roadrunner