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 Replies: 19 / Views: 3,965 |
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Valued Member
United States
421 Posts |
I read something somewhere (isn't that always the case  ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace. I wish I could remember the source and the attribution of that statement. I want to say it came from someone at the ANA but I could be wrong so I won't say that.  |
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Valued Member
United States
146 Posts |
In addition, How can the standard be changed, and who is the authority. Certainly not the ANA. And once the change is made, What happen's to all the PCGS and NGC item's that are now overgraded, as a result. What about the investor's that paid top $ for these item's, and now they are overgraded, and decreasing in value. |
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Stujoe
I read something somewhere (isn't that always the case ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace.
The ANA made that announcement. However, since this is the same group that SELLS its endorsement to the highest bidder, what more can you expect. The Market does not need grades to adjust prices. Coins CANNOT get better with age. They are whatever grade, and the market dictates its value. By "reissuing" grades it only goes to show how poor the standards are to begin with. The ANA has NO HOPE of directing the hobby, and from all appearances they have NO DESIRE. They simply follow the crowd like lemmings. I am so embarrassed that I ever allowed myself to be associated with these "wannabe politicians". |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by national dealer
quote:
Originally posted by Stujoe
I read something somewhere (isn't that always the case ) of a comment that the ANA grading book is not setting the standard but rather documenting the standard in use in the marketplace.
I am so embarrassed that I ever allowed myself to be associated with these "wannabe politicians".
I disagree ND. Only advanced politicians could call loosening their standards a documentation of the marketplace. I have to flip a coin now to decide what's better, that, or calling cleaned coins "conserved." ************************************************ "War is Peace, Freedom is Slavery, Ignorance is strength." George Orwell--1984 ************************************************* AU-58 is MS-63 The "information age" Edited by longnine009
08/20/2005 6:15 pm
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by robocp
What about the investor's that paid top $ for these item's, and now they are overgraded, and decreasing in value.
They may get a hard lesson in Rare Profits From High Coin Investments. This is the unintended consequences of trying to promote the hobby by trying protect everyone. It's a well intended idea by good people. But IMO, it is bound to have the opposite effect. It's better, IMO, that new collectors/investors fall off the bicycle a few times, get some scraps, pain and *critical* thinking--before the roadkill crew comes along to peel them off the road. Pain really is a good teacher. |
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Valued Member
United States
421 Posts |
Careful...The ANA and their Director have recently filed a lawsuit. I'm not sure what 'intentional infliction of emotional distress by outrageous conduct' is but, after my experiences with the US legal system, I am taking no chances. |
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Rest in Peace
 United States
954 Posts |
I think we are allowed to express our personal opinion without the fear of a lawsuit. It comes under freedom of speech. As long as its our personal opinion.
catman
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Valued Member
United States
421 Posts |
quote:
Originally posted by catman
I think we are allowed to express our personal opinion without the fear of a lawsuit. It comes under freedom of speech. As long as its our personal opinion.
No comment. |
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Valued Member
United States
146 Posts |
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Pillar Of The Community
3147 Posts |
This is just ONE more reason I don't belong to the ANA! All it takes in any organization is a minute change in leadership to set off a chain of events that will actually destroy that which they are working so hard to accomplish. This is another fine example. We have WAY to many leaders, owners, supervisors, ect...who feel the only way they can justify their position is to change what they perceive could be wrong or possibly be better. And, in the end, they will never admit to their stupidity but will instead, like all good politicians, have a ridiculas answer and it will always be some one or some thing else's fault they didn't succeed. It is always things out side of their control that dooms their big plans. Never THEMSELVES! Seems they are always fixing things that aren't broke? |
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Stujoe
Careful...The ANA and their Director have recently filed a lawsuit.
Ah the American way. There is a public campaign currently running about the American Justice System, trying to promote jury trials. According to the advertisement, 95% of all jury trials are in the United States. The PRIDE of the world the ad states. In what other system can you blame all of your problems on someone else. Ride your bicycle on the road at night, and then file a lawsuit against the bike manufacturer when you get run over. Hit a light pole while drinking and driving, then file a lawsuit against the electric company. Now, if the ANA execs are reading, here is why I WILL NOT support you. ANA sells endorsement to NGC ANA sells endorsement to PNG ANA partners with ebay ANA wants to sell membership names, addresses, collecting habits Why are you not standing up for grading standards? Why are you not standing up for grading the grading companies? Why are you not making a stand against fraudulant transactions on ebay? Why are you not making a concentrated effort to see why so many members are leaving your organization? In the end, I have wasted enough of my time and effort hoping that the ANA would stand up and lead this hobby. Talk is cheap. Now it appears that the ANA is following the example of the lowest tier grading companies. The community speaks out with "real" concerns and gets hit with lawsuits? Shame on you! |
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Pillar of the Community
United States
7123 Posts |
Although the first amendment is alive and well, it can still be challenged at a very high price !! The standard of anything is a flexable notion, I have not found the market place to have changed in anyway whatsoever in the grade determination of an Indian Head cent with no letters of liberty being readable!! stu I hope you can remember which publication you read that in ? But for the sake of discussion? if this is true that some cents with no letters of liberty being readable can now be graded as fine, what do you think the market consequences will be? Personally I think it will really only affect the keys in any significant manner, so the mad rush to resubmit IMHO will be limited to these coins. Rick Edited by Metalman
08/21/2005 10:08 am
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Valued Member
United States
421 Posts |
quote:
Originally posted by robocp
lawsuit gainst who
I won't pretend to understand it all but it is in CoinWorld (Aug 22 page 3). It appears to be a few former employees and contractors. It also references sa couple of websites and one of the recent candidates for govenor. That is about all I have seen. I was only being semi-serious with my original comment as I don't think the ANA is going to go after anyone for comments here. But, when an organization starts going through the legal system, I think it is wise to take it at least a little serious in relations to comments made about them. Especially when the lawsuit is about conspiracy, interference, emotional distress, the internet, etc. Some collectors have been down that road before and it is expensive (and probably makes you more gun shy than the average Joe). Edited by Stujoe
08/21/2005 10:09 am
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Valued Member
United States
421 Posts |
quote:
Originally posted by Metalman
stu I hope you can remember which publication you read that in ?
It might have been in the forward of the book that someone referenced on another forum but I am not sure. I have searched the likely forums but have come up dry. |
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Valued Member
United States
146 Posts |
I have been looking as well
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Replies: 19 / Views: 3,965 |
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First Page
Posted 08/20/2005 4:06 pm
