What % of coin dealer grade thier coins honestly?

seateddime

I know a few dealers who are very honest in their grading. They don't try and bump it up a grade to get more money. I know a lot of others who always are overgrading thier coins.

What % of full time dealers knowingly overgrade thier coins on their flips?

Russ

All coin dealers grade honestly.

Russ, NCNE

seateddime

<< <i>All coin dealers grade honestly.

Russ, NCNE >>



If you believe this to be true I have a great bridge for sale in Brooklyn, interested?

MadMarty

<< <i>All coin dealers grade honestly.

Russ, NCNE >>




I thought it was all NON WANNABE dealers grade honestly!

Coinosaurus

TDN said it best - ownership always adds a point.

jdimmick

20% at local shows,

the percentage goes up when you get to shows with more national type dealers.

Whizzard

This should be a poll

clw54

I see a lot of coins without rims marked as VG at shows.

Steve27

At the local show I go to, it's about 1 in 20. The guy I deal with the most doesn't have grades on his coins.

ziggy29

<< <i>At the local show I go to, it's about 1 in 20. The guy I deal with the most doesn't have grades on his coins. >>

So he's one of those guys who says "I grade this coin $150"?

michael

What % of full time dealers knowingly overgrade thier coins on their flips?

99.9%

ram1946

Really, why does this matter? How many times on this forum has the phrase "buy the coin, not the holder" (or flip or whatever)? How many sellers over price their homes? How many car dealers overprice their cars? Does it mean all home sellers and car dealers are dishonest? I think not. It's a matter of your perception of what is a fair price and if you're willing to trade your hard earned money for what the seller has to sell at that price level.