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What do the TPG's gain by silently net-grading coins?

It seems to me that if they bagged the coin, they could potentially make more money on resubmissions. The problem coins in "problem-free" holders just hurt a TPQ's reputation IMO.

What do they have to gain by net-grading coins? image
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Comments

  • ZoinsZoins Posts: 34,353 ✭✭✭✭✭
    Many net graded problem coins are rare, highly valued coins and the TPGs want those in their holders from a prestige perspective. Many collectors also overlook problems on rare coins so the TPG policy mirrors collector behavior.
  • BAJJERFANBAJJERFAN Posts: 31,125 ✭✭✭✭✭
    A bodybagged coin is not a guaranteed resubmission. If the coin is scarce or rare and not an obvious dog, they will likely silently net grade it, rather than have it in someone else's holder. If 95% of circ 93-S Morgans were in NGC holders instead of PCGS holders, I think that would send a certain message to the collecting community.
    theknowitalltroll;
  • MrEurekaMrEureka Posts: 24,301 ✭✭✭✭✭
    Customer satisfaction?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MidLifeCrisisMidLifeCrisis Posts: 10,547 ✭✭✭✭✭


    << <i>Many net graded problem coins are rare, highly valued coins and the TPGs want those in their holders from a prestige perspective. Many collectors also overlook problems on rare coins so the TPG policy mirrors collector behavior. >>


    I agree. It's about getting certain coins in their holders and about making customers happy so that they will become repeat customers.
  • RWBRWB Posts: 8,082
    They gain quiet in the slience of the Zen of cosmic knowledge.

    PS: and lots of grading and regrading fees....

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