WHAT WILL HELP THE GRADING SERVICES

cape

AFTER RETURNING AND VIEWING MANY DIFFERENT DEALER COINS ALONG WITH THE HERITAGE AUCTION LOTS I REALIZE JUST HOW MANY COINS ARE EITHER OVERGRADED OR TURNED BAD IN THE HOLDER . I FEEL ALL IT WOULD TAKE FOR EITHER PCGS ,NGC OR EVEN ANACS TO CLEARLY STAY THE TRUE LEADER IN THE INDUSTRY IS TO GO ON A RAPID BUYBACK OF THESE COINS FOR THE NEXT COUPLE OF YEARS AND TAKE THESE COINS OFF THE MARKET. BELEIVE ME IM A BUSINESS MAN AND I KNOW THIS COULD COST THE GRADING COMPANYS MILLIONS OF DOLLARS . BUT THIS WOULD TRULY MAKE THEM THE MARKET LEADER AND ALSO ALLOW THEM TO FIX ALL THERE MISTAKES AND IN THE LONG RUN THEY WILL MAKE ALL THEIR MONEY BACK AND MUCH MORE. MAYBE this can create a new jobs for crackouts to also submit these dog coins for regrades and make the grading company pay the difference for the downgrades or take them back off the market completely. LETS HERE YOUR THOUGHTS !

fc

i think it is too late for that.
lets just change the grading scale and start clean.





edited to add:

cape

MAYBE THEY COULD KEEP THE GRADING SCALE AND LET THE DEALERS OR COLLECTORS SUBMIT COINS OVER A PEROID OF THE NEXT FIVE YEARS FOR APEARANCE REVIEW FREE OF CHARGE. EITHER DOWNGRADE OR TAKE THE COIN OFF THE MARKET AND PAY THE DIFFERENCE. THIS COULD ACTUALLY HELP THEM AS FAR AS THE COIN DOCTORING GAME GOES BECAUSE THERE WOULD BE LESS PROBLEM COINS TO MAKE ARTIFICIAL IN THE HOPE OF DECEIVING THE GRADERS AND GETTING THESE LOUSY COINS GRADED. JUST MY OWN OPPINION.

BAJJERFAN

Well folks could quit sending horsechit coins to the TPG's in the hopes that they mite get lucky. Maybe the TPG's shud send em back ungraded. Afterall if you bake a cake with horsechit you shud expect to get a horsechit cake.

BigD5

<< <i>Well folks could quit sending horsechit coins to the TPG's in the hopes that they mite get lucky. Maybe the TPG's shud send em back ungraded. Afterall if you bake a cake with horsechit you shud expect to get a horsechit cake. >>



Even the "horsechit" deserves a grade sometimes. Horsechit doesn't necessarily translate into ungradable. There's a difference.

Ed, I think your idea is sort of already in place with ANACS. They are willing to take back coins in their older style holders and if they decide the coin isn't worthy of the assigned grade will regrade and compensate the submittor the difference in value.

It sounds fair. The trouble comes in when someone feels their coin is "worth" more than the compensated value and new grade.

I haven't had any trouble so far with their process.

NGC will do the same thing. If you find an unworthy coin in their holders, legitimately, they'll buy it back, or compensate you in some way.

We have to remember that just because a coin may be "ugly", that doesn't mean it's ungradable. It's value should/could be less than what's on any sheet, but it doesn't necessarily mean it's not graded properly or shouldn't be graded at all.

BAJJERFAN

<< <i>Even the "horsechit" deserves a grade sometimes. Horsechit doesn't necessarily translate into ungradable. There's a difference. >>



I have said in the past that if the TPG's can't find a reason to bag a coin then they pretty much have to give it a grade as that is what the submitter is paying for. It would not look very good for the TPG's to send it back with a note saying we don't want this ugly POS in our holder.

PerryHall

<< <i>MAYBE THEY COULD KEEP THE GRADING SCALE AND LET THE DEALERS OR COLLECTORS SUBMIT COINS OVER A PEROID OF THE NEXT FIVE YEARS FOR APEARANCE REVIEW FREE OF CHARGE. EITHER DOWNGRADE OR TAKE THE COIN OFF THE MARKET AND PAY THE DIFFERENCE. THIS COULD ACTUALLY HELP THEM AS FAR AS THE COIN DOCTORING GAME GOES BECAUSE THERE WOULD BE LESS PROBLEM COINS TO MAKE ARTIFICIAL IN THE HOPE OF DECEIVING THE GRADERS AND GETTING THESE LOUSY COINS GRADED. JUST MY OWN OPPINION. >>



Cape---Why are you always yelling at us? TURN OFF YOUR CAPS LOCK!!! Thank you.

cape

PERYHALL, im not yelling only suggesting.

ER

<< <i>PERYHALL, im not yelling only suggesting. >>


Your suggesting is quite loud.

mozeppa

yep...i could hear you clear over in the open forum!

FatMan

The TPGs have had a program underway since their inception to handle the overgraded coin problem. It is called grade inflation. Over the years the overgraded coins have become properly graded as the grades inflate. While the correctly graded coins stay holdered for three or four years and get cracked and resubmitted for huge profits for dealers and the TPGs all at the collector's expense. This grade inflation game is beginning to feel the squeeze because the 70 pt Sheldon Scale in running out of room. To fix this problem, expect that PCGS will in the next couple of years move to the 100 point scale. This will create plenty of room for many years of future gradeflation and the games can continue.