What is Trade N Grade?

skier07 · October 11, 2004 3:19AM

Hi,
This might be a stupid question or perhaps this is slang, but what is it?

Bruce

Russ · October 11, 2004 3:20AM

It's an orgy for rich coin dealers.

Russ, NCNE

Yousri · October 11, 2004 3:21AM

<< It's an orgy for rich coin dealers.

Russ, NCNE >>

JadeRareCoin · October 11, 2004 3:22AM

lordmarcovan · October 11, 2004 3:23AM

Never heard of it.

Maybe 'cause I'm an impoverished part-time coin dealer, not a rich, orgy-prone one.

mgoodm3 · October 11, 2004 3:31AM

this is what they look like. All those censored videos on TV come from the trade and grades.

Russ · October 11, 2004 3:32AM

Here are some secret images shot by an undercover collector posing as a rich dealer:

He managed to pass the film to an accomplice right before he disappeared, never to be heard from again.

Russ, NCNE

skier07 · October 11, 2004 3:36AM

What do they offer for poor collectors?

Bruce

kieferscoins · October 11, 2004 3:37AM

Free flips.

Nice toga girls

Cameron Kiefer

coinguy1 · October 11, 2004 3:39AM

Skier07, your question was certainly not a stupid one.

"Trade N Grade", while not nearly as exciting as you might have been led to believe from previous replies to this thread

.......refers to small (approximately 20 dealers in attendance) dealer-only shows sponsored by NGC and held in Vegas approximately 5 times per year.

It is an opportunity for the dealers to conduct wholesale-only business and to submit coins to NGC for on-site grading.

kieferscoins · October 11, 2004 3:42AM

Helpful link although there will be some of the same old replies in this thread also.

Cameron Kiefer

UncleWiggly · October 11, 2004 3:45AM

coinguy1, doesn't PCGS hold some too? I thought the last one wqas held jointly by NGC and PCGS.

Thanks,

Jerry

coinguy1 · October 11, 2004 3:55AM

In order to try to avoid any confusion on this topic - PCGS holds their own version, also in Vegas and approximately 4 or 5 times per year. It is called the "PCGS Invitational".

Below is a link to a PCGS article about the April 2004 event - invited dealers and registry set owners are allowed to attend these. PCGS does a wonderful job for the dealers and non-dealer attendees.

Link to article

skier07 · October 11, 2004 4:06AM

Hi,
From a layperson this stinks. Do the boys get together in Vegas with the preconceived notion of automatically getting upgrades especially if they crossover? Does anyone know what percentage of coins successfully upgrade? Do the boys meet at Cheetah's or the Crazyhorse II for a few lap dances with the finalizer and
charter a helicopter to the chicken ranch?

Bruce
RSVP me for the next event

coinguy1 · October 11, 2004 4:11AM

<< Do the boys get together in Vegas with the preconceived notion of automatically getting upgrades especially if they crossover? Does anyone know what percentage of coins successfully upgrade? Do the boys meet at Cheetah's or the Crazyhorse II for a few lap dances with the finalizer and charter a helicopter to the chicken ranch?
>>

In answer to all three questions - no.

saintguru · October 11, 2004 4:13AM

Sounds like TRADE AND BRIBE would be more aptly named. Why else would a dealer go to a "special" show with the word TRADE as a headlight?? Isn't ALL grading the same, show, or in house? Are the lights better in Vegas?? Many questions, many unanswered. Hmmmmmmm..

coinguy1 · October 11, 2004 4:32AM

You guys can speculate all you care to about conspiracies, etc.

Many dealers, whether they do little, mostly or exclusively wholesale sales, enjoy being able to transact business with a small, well-known group of fellow dealers. For example, I might do 80 % of my wholesale business with 20 dealers combined, many of whom are in attendance at these shows.

These gatherings can be highly efficient, relaxing and fun. Plus, dealers can leave the shows as early as they please and not receive too much grief for it, since there is no public there to be disappointed by a near empty bourse

tradedollarnut · October 11, 2004 4:45AM

These gatherings can be highly efficient, relaxing and fun.

Bingo!

I know I had a great time at the last event.

edited to add, lest my wife ever see this thread, that the great time was at the blackjack and poker tables - not a toga party!

RYK · October 11, 2004 4:49AM

lest my wife ever see this thread, that the great time was at the blackjack and poker tables - not the toga party!

What, you did not enjoy the toga party???

saintguru · October 11, 2004 4:52AM

Hey Mark, believe it our not there are a lot of "ostritch" collectors, myself included, who don't want to believe that there is a wholesale market and a retail market. But the idea that a special GRADING show is held for dealers has a smell to it. Grading is supposed to be uniform at all times...and no special event should be held for dealers only without expecting some eyebrows to rise. I do not believ in the conspiracies that many do, but I just think the concept is bad.

tradedollarnut · October 11, 2004 4:53AM

What, you did not enjoy the toga party???

The mere thought of Laura in a toga ends all speculation about whether such an event occurs....

RYK · October 11, 2004 5:02AM

Russ · October 11, 2004 5:03AM

<< But the idea that a special GRADING show is held for dealers has a smell to it. >>

Quit whining, buy a damned toga and go to the next PCGS event.

Russ, NCNE

kieferscoins · October 11, 2004 5:11AM

Post more pics of those toga babes!

Cameron Kiefer

Barry · October 11, 2004 5:12AM

Do the showgirls wear NGC slabs for pasties?

RYK · October 11, 2004 5:12AM

Cam,

Before you ask, the twins do NOT attend the Trade N Grades.

ziggy29 · October 11, 2004 5:13AM

<< Quit whining, buy a damned toga and go to the next PCGS event. >>

TO-GA! TO-GA! TO-GA!

saintguru · October 11, 2004 5:24AM

It's an orgy for rich coin dealers.

I believe your whine was ready before mine!!

Russ · October 11, 2004 5:29AM

<< It's an orgy for rich coin dealers.

I believe your whine was ready before mine!! >>

You appear to be confused. Let me help you out.

Joke:

<< It's an orgy for rich coin dealers. >>

Whine:

<< But the idea that a special GRADING show is held for dealers has a smell to it. >>

See the difference?

Russ, NCNE

saintguru · October 11, 2004 5:38AM

Joke:

<< It's an orgy for rich coin dealers. >>

Where's the JOKE part?? I see no difference.

But I'm not hip to the "secret handshake" lingo here. I'm certainly not confused.

<< But the idea that a special GRADING show is held for dealers has a smell to it. >>

OBSERVATION, not whine. Your point is lost here. As is your sense of humor.

Russ · October 11, 2004 5:42AM

<< << It's an orgy for rich coin dealers. >>

Where's the JOKE part?? I see no difference. >>

Since an orgy is a sex party, and since I followed up with pictures of drunks in togas, and since clearly that isn't really what a trade and grade is, uh duh, yeah it was a joke. Are you really that clueless?

Russ, NCNE

JohnMaben · October 11, 2004 5:43AM

Agree with Mr Feld except the last T&G was about 35 dealers; haven't been to a PCGS Invitational yet.

puff · October 11, 2004 5:47AM

<< Joke:

<< It's an orgy for rich coin dealers. >>

Where's the JOKE part?? I see no difference.

But I'm not hip to the "secret handshake" lingo here. I'm certainly not confused.

<< But the idea that a special GRADING show is held for dealers has a smell to it. >>

OBSERVATION, not whine. Your point is lost here. As is your sense of humor.

>>

I wish Carolj would hurry up and put some of those "popcorn" emoticons to choose from!

And Cammie STFU!

saintguru · October 11, 2004 5:48AM

Oh I don't think I'm clueless. when you said it was an orgy for "RICH COIN DEALERS" that smacked of resentment. Funny thing is I actually agreed, but youu seem to be picking at something. So let's be nice and put it to sleep.

Russ · October 11, 2004 5:56AM

Russ, NCNE

saintguru · October 11, 2004 5:57AM

It made me throw up...what's in that download???

puff · October 11, 2004 5:58AM

<<

Russ, NCNE >>

Damn Russ I almost tried to install that!

JohnMaben · October 11, 2004 6:32AM

Many years ago, in the last great bull market (actually at the end of it) Roger Bryan put on a show called the "Bull 100". This is the same concept, but with the wide spread prevalence of 3rd party grading, it's logical that would be part of the equation. No monkey business, just a more exclusive show, by invitation.

roadrunner · October 11, 2004 10:44AM

.... uh duh, yeah it was a joke. Are you really that clueless?

This is one of Russ' standard 101 replies. You can buy the book on Amazon.com for $9.95. Don't pay him any mind. It's just a cry for help when he reailzes someone got the better of him.

roadrunner

Russ · October 11, 2004 11:11AM

I see roadrunner is still stinging from having his ass handed to him time after time over in the open forum.

Russ, NCNE

Baley · October 11, 2004 11:19AM

I enjoyed the couple of toga parties I've been to. One time, I got laid! that was fun.

RotatedRainbows · October 11, 2004 11:43AM

There is a lot more to it then a bunch of dealers trying to upgrade coins, they have other activities as well.

What is Trade N Grade?

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