The idea for SecurePlus goes all the way back to 1995...so it took 15 years to implement?!
bushmaster8
Posts: 5,616 ✭
Looking thru some old paperwork I came across an article written by James C. Gray and published in THE GOBRECHT JOURNAL.
Basically, Mr. Gray's article was a historical critique of TPG from 1979 to 1995. After enumerating the pros and cons of TPG, Gray offered up a very noteworthy suggestion. Check this out:
"Every coin that is submitted to a grading service should have a laser photograph (sic) taken of it. This would show surface features as
small as 1/10,000 of an inch. The coins' "fingerprint" would be stored in a computer, and each new submission would be compared to
the same date and type in the computer. If it is matched, the coin would be given the same grade as before. This technology is available
now, and with gross revenues of over $100,000,000, the grading services can certainly afford to implement it. Almost instantly resubmis-
sions would be eliminated. The crakout dealer would go the way of the dinosaur. Pop. reports would have real meaning.
Gradeflation would be impossible, because the same oin would get the same grade 10, 20, or 30 years from now. The services would not
be able to loosen their standards to ensure future submissions. Some semblance of order would be seen in the TPG business."
Good thinking Mr. Gray!
Basically, Mr. Gray's article was a historical critique of TPG from 1979 to 1995. After enumerating the pros and cons of TPG, Gray offered up a very noteworthy suggestion. Check this out:
"Every coin that is submitted to a grading service should have a laser photograph (sic) taken of it. This would show surface features as
small as 1/10,000 of an inch. The coins' "fingerprint" would be stored in a computer, and each new submission would be compared to
the same date and type in the computer. If it is matched, the coin would be given the same grade as before. This technology is available
now, and with gross revenues of over $100,000,000, the grading services can certainly afford to implement it. Almost instantly resubmis-
sions would be eliminated. The crakout dealer would go the way of the dinosaur. Pop. reports would have real meaning.
Gradeflation would be impossible, because the same oin would get the same grade 10, 20, or 30 years from now. The services would not
be able to loosen their standards to ensure future submissions. Some semblance of order would be seen in the TPG business."
Good thinking Mr. Gray!
"Wars are really ugly! They're dirty
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
0
Comments
gross revenue over $100M???? CLCT's gross revenue is just over $40M today.
I think the tech was available in theory years ago. It is just practical now.
and some people would say the technology still has not been implemented when anyone can still submit most coins under the regular service, pay less money and completely bypass the new technology.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448