<< I just wonder how many SGS coins are undergraded..............>>
A heck of a lot less than the PCGS overgrades...
I totally agree with Keets. Grading is NOTHING but subjectiveness and opinion.
Anyone can guarantee a grade. What's the big deal? Does that then guarantee a market price??? Of course not. I sometimes give my opinion on a coin when someone asks, "guess the grade". I'm a TPG also. I see zero fraud. Just like every other Fleabayer, has many happy feedbacks, and a few not-so. No different than the rest of them, including many board members...
Then again, there will be many that are "unhealthy" for our hobby. But I still do not understand why ANYONE would buy coins through e-bay.
<< <i> Have you ever thought that perhaps those buyers are enjoying themselves? >>
Yes, I've considered that, and obviously they do enjoy themselves--until they find out their stuff is junk. At that point, the hurting they experience far outstrips the joy they experienced at the outset. And that misery is what stays, it is the bottom line.
<< <i> Grading is NOTHING but subjectiveness and opinion. (SGS is no) different than the rest of them, including many board members... But I still do not understand why ANYONE would buy coins through e-bay. >>
Lloyd, you're drawing a moral equivalency between SGS and PCGS, and I just don't see it. PCGS attempts to adhere to a system and a standard. There is an inherent subjectivity that is widely understood and certainly acknowledged by collectors and the company, but at least there are some ground rules in place. To a great extent they bear a burden of responsibility and live up to it. What does SGS do if a coin turns green in a holder? Do they have a panel of graders looking at every coin? Any type of oversight at all? NO. It hardly merits addressing; the comparisons are absurd from the get go, and I think you know it. You're blanket statement doesn't wash with me. As for buying coins on eBay, a serious, but non-affluent collector can buy a coin in a PCGS holder for a modest price and know that it is not so severely overgraded as to be of serious consequence. Their reputation and expertise guarantees you won't be hurt badly, especially if you don't crack it out. It's value is fairly static so long as it remains in the plastic. If the seller has a return policy, buying a coin in a PCGS holder on eBay is a very viable option to seeing it in hand first. In the end, you're suggesting that a dedicated collector who moves to an area with no coin shops around, should give up collecting. That is the only choice, because now they can't inspect every purchase in-hand on on-site. You don't understand why they would buy from select sources on on the internet, which is a pretty narrow view and too high-minded. I don't understand that. Here's hoping you don't get transferred to the hinterlands, because if that happens you'll be gone from this hobby.
They have grossed $410,159.96 in the last 30 days.
<< <i>just remember, "theres a sucker born every minute" >>
30 days is 43,200 minutes. That makes it about $9.50 per sucker. Assuming this saying is literal and sucker nativity is constant, a nice reflection on natural selection in an exponentially increasing population, they'll need to raise it to $11.17 next year in order to achieve the nominal 14% annual growth on top of 3.2% inflation adjustment.
Comments
A heck of a lot less than the PCGS overgrades...
I totally agree with Keets. Grading is NOTHING but subjectiveness and opinion.
Anyone can guarantee a grade. What's the big deal? Does that then guarantee a market price??? Of course not. I sometimes give my opinion on a coin when someone asks, "guess the grade". I'm a TPG also. I see zero fraud. Just like every other Fleabayer, has many happy feedbacks, and a few not-so. No different than the rest of them, including many board members...
Then again, there will be many that are "unhealthy" for our hobby. But I still do not understand why ANYONE would buy coins through e-bay.
<< <i> Have you ever thought that perhaps those buyers are enjoying themselves? >>
Yes, I've considered that, and obviously they do enjoy themselves--until they find out their stuff is junk. At that point, the hurting they experience far outstrips the joy they experienced at the outset. And that misery is what stays, it is the bottom line.
<< <i> Grading is NOTHING but subjectiveness and opinion.
(SGS is no) different than the rest of them, including many board members...
But I still do not understand why ANYONE would buy coins through e-bay. >>
Lloyd, you're drawing a moral equivalency between SGS and PCGS, and I just don't see it. PCGS attempts to adhere to a system and a standard. There is an inherent subjectivity that is widely understood and certainly acknowledged by collectors and the company, but at least there are some ground rules in place. To a great extent they bear a burden of responsibility and live up to it. What does SGS do if a coin turns green in a holder? Do they have a panel of graders looking at every coin? Any type of oversight at all? NO. It hardly merits addressing; the comparisons are absurd from the get go, and I think you know it. You're blanket statement doesn't wash with me.
As for buying coins on eBay, a serious, but non-affluent collector can buy a coin in a PCGS holder for a modest price and know that it is not so severely overgraded as to be of serious consequence. Their reputation and expertise guarantees you won't be hurt badly, especially if you don't crack it out. It's value is fairly static so long as it remains in the plastic. If the seller has a return policy, buying a coin in a PCGS holder on eBay is a very viable option to seeing it in hand first.
In the end, you're suggesting that a dedicated collector who moves to an area with no coin shops around, should give up collecting. That is the only choice, because now they can't inspect every purchase in-hand on on-site. You don't understand why they would buy from select sources on on the internet, which is a pretty narrow view and too high-minded. I don't understand that. Here's hoping you don't get transferred to the hinterlands, because if that happens you'll be gone from this hobby.
<< <i>just remember, "theres a sucker born every minute" >>
30 days is 43,200 minutes. That makes it about $9.50 per sucker. Assuming this saying is literal and sucker nativity is constant, a nice reflection on natural selection in an exponentially increasing population, they'll need to raise it to $11.17 next year in order to achieve the nominal 14% annual growth on top of 3.2% inflation adjustment.
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
<< <i>Grading is NOTHING but subjectiveness and opinion. >>
There's no subjectivity in SGS's grading. It's a completely objective MS70 on every coin.
Russ, NCNE