Should top dealers start certifying the certification services to prevent AT, putty, etc.?
Longacre
Posts: 16,717 ✭✭✭
I don't know if this has been addressed yet or not. Do you think there is any potential side business for the top dealers to certify the slabs that are issued by the certification services? For example, a top dealer in toned silver can provide his or her assurance that a coin in a slab is not AT. As for gold, a top dealer in gold can certify that a coin in a slab is not puttied, oranged, red-ed, or otherwise messed with? I assume the dealer could put one of those unremovable stickers on the slab (which gets destroyed if it is tampered with) which indicates that Dealer A approves and certifies the slab. Of course, the Dealer would need to charge a nominal fee for such service, given the potential liability that he may be assuming. However, I see that toned coins (of any type of metal) would enjoy a more liquid market. I, for one, am now scared of toned coins.
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
On a practical basis, what good would such a service be? After all, realistically, the dealer would simply be offering another OPINION and couldn't guarantee anything that would be meaningful. His opinion might satisfy you, but there would be no assurance it would satisfy others.
<< <i>No.
On a practical basis, what good would such a service be? After all, realistically, the dealer would simply be offering another OPINION and couldn't guarantee anything that would be meaningful. His opinion might satisfy you, but there would be no assurance it would satisfy others. >>
If it were the right person doing it, it would be quite valuable to the marketplace. Especially if it were backed up with a guaranty.
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<< <i>No.
On a practical basis, what good would such a service be? After all, realistically, the dealer would simply be offering another OPINION and couldn't guarantee anything that would be meaningful. His opinion might satisfy you, but there would be no assurance it would satisfy others. >>
If it were the right person doing it, it would be quite valuable to the marketplace. Especially if it were backed up with a guaranty. >>
Bruce, whom would the right person/persons be, how would the guarantee work and how would it be determined whether the guarantee neeeded to be honored? Warning - if you answer those questions satisfactorily, I might have others.
Knowledge is the enemy of fear
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Should top dealers start certifying the certification services to prevent AT, putty, etc.? >>
That was one of the things the TPG's were created to do. Weed out the AT, puttied, doctored, cleaned etc coins. Sounds like we're back to square one.
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<< <i>
<< <i>No.
On a practical basis, what good would such a service be? After all, realistically, the dealer would simply be offering another OPINION and couldn't guarantee anything that would be meaningful. His opinion might satisfy you, but there would be no assurance it would satisfy others. >>
If it were the right person doing it, it would be quite valuable to the marketplace. Especially if it were backed up with a guaranty. >>
Bruce, whom would the right person/persons be, how would the guarantee work and how would it be determined whether the guarantee neeeded to be honored? Warning - if you answer those questions satisfactorily, I might have others.
What I heard was planned by John Albanese I would have supported 100%. Similar to the Eagle Eye sticker, his group would review slabbed coins for potential problems and give their blessing to problem free examples.... thus making the dogs that slip through worth much less.
Who's to say who's opinion is correct?
Do you think people will want to wait for an extended period of time for their professional dealer reviewed coins to be returned?
Just my opinion.
Dave
<< <i>
<< <i>
<< <i>
<< <i>No.
On a practical basis, what good would such a service be? After all, realistically, the dealer would simply be offering another OPINION and couldn't guarantee anything that would be meaningful. His opinion might satisfy you, but there would be no assurance it would satisfy others. >>
If it were the right person doing it, it would be quite valuable to the marketplace. Especially if it were backed up with a guaranty. >>
Bruce, whom would the right person/persons be, how would the guarantee work and how would it be determined whether the guarantee neeeded to be honored? Warning - if you answer those questions satisfactorily, I might have others.
What I heard was planned by John Albanese I would have supported 100%. Similar to the Eagle Eye sticker, his group would review slabbed coins for potential problems and give their blessing to problem free examples.... thus making the dogs that slip through worth much less. >>
I like this Albanese idea. Eventually (or almost immediately) it will cause the quality of the TPGs to rise (not that I am implying that the quality is not there to begin with). It will act as an incentive for the TPGs to spend a little more time with each coin.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
It was discussed at Tonedcoins.org whether it would be appropriate for them to do something similar. Although it sounded good in principle, it proved top be cumbersome and unworkable. Who would be the judge? When would they do it? Who would be responsible to "eat" the mistakes?
<< <i>The idea behind Photo Seal is to label the coins that I would buy regardless of the market climate. This goes for blue-toned proofs as well. Since copper has huge eye appeal differences as well as the technical grade, I felt it was needed. I started it in response to full red Indian Cents that were suffering due to the numerous off-red pieces in holders, and to make a market in the coins.
It was discussed at Tonedcoins.org whether it would be appropriate for them to do something similar. Although it sounded good in principle, it proved top be cumbersome and unworkable. Who would be the judge? When would they do it? Who would be responsible to "eat" the mistakes? >>
Does Photoseal only encompass eye appeal and not the technical and physical aspects of the coin?
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>Should top dealers start certifying the certification services to prevent AT, putty, etc.? >>
No.
However,Eagle Eye Rare Coins already offers this service : Photo Seal
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
These are already graded coins, I am agreeing with the TPG's. I do not want to say anything negative about coins that don't get the photo seal. (The golden rule)
Eureka- You can trust yourself.
That's just it. I can't. I like my own grading better than anyone else's and I still make mistakes.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.