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Grading Company's should we expect more?

TouchdownTouchdown Posts: 233 ✭
in U.S. Coin Forum
Looking through Ebay I can see many new grading Company's coming in the market. Numistrust, PCI, Segs,PGS, PNGS, and many others. Should we expect more coming to the hobby? And if so what negative impact can they leave for the future of the hobby? How do some of them justify MS 70 grades on MS 64 coins and what are there guarantees if any? Also,who are they, what kind of experience do the graders have and where can one turn in a coin for there guaranty?

Comments

  • MyqqyMyqqy Posts: 9,777 ✭
    None of these new companies are really legit- just venues for people trying to cash in on second rate coins. I'm thinking that a lot of hobby newcomers will get burned by these folks, and just abandon the hobby altogether. While I love numismatics, I think it's WAY too easy to get shafted in this field......
    My style is impetuous, my defense is impregnable !

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