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 Replies: 37 / Views: 5,755 |
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Pillar of the Community
968 Posts |
Anybody who trashes TPG's, especially the big two, needs to have a very vivid flashback to when the market was mostly ungraded material. My uncle collected coins in the '60's, '70's, and '80's, and was pretty much constantly ripped off, from what I can tell. Coins marked BU by the dealers were cleaned, circ pieces were bumped 2-3 grades, you get the idea. TPG's are great for teaching how grading is done properly and preserving the industry's integrity, because god knows that this industry, left to it's own devices, would probably have destroyed itself by now. |
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Forum Dad
 United States
24161 Posts |
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I cannot speak for Bobby, but they cannot lose what they never had (from me, that is). What he said. The word I'd like to use for it is not acceptable on this forum and PCGS has been one for a long time. For example, PCGS knows full well that "First Strike" coins are pulled randomly from a warehouse with no idea when they were "struck". But they do it anyway for the money based on a date on the shipping label. They could have been "struck" yesterday or the first day, who knows. |
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Moderator
United States
188535 Posts |
Quote:Anybody who trashes TPG's, especially the big two, needs to have a very vivid flashback to when the market was mostly ungraded material. I cannot speak for all, but I still buy ungraded material. Education, not slabs, is they key to collector success.  Quote:
Coins marked BU by the dealers were cleaned, circ pieces were bumped 2-3 grades, you get the idea. You know it, we always say it... Buy the coin, not the slab (label, holder, written description, horoscope... you get the idea).  I am not saying TPGs are without value, but sometimes they make me want to...     |
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Pillar of the Community
968 Posts |
The reality is that new collectors want to jump right in and don't want to spend years educating themselves on the nuances of grading... if it took 5 years of learning before you could buy coins and not get gypped, this hobby would be long dead. TPG's themselves engage in the education of collectors via providing them with accurately graded material, or by pointing out issues on coins submitted for certification. Additionally, PCGS provides tools like photograde, which I've seen referenced countless times here, as well as stuff like coinfacts, or even (apparently I can't even name the stinking site). They do far, far more good for the hobby than bad. I buy most of my material ungraded and raw as well... that doesn't mean that we should condemn TPG's for what they do, they offer a very valuable service. Edited by chasingtailbar
08/26/2014 4:30 pm
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Pillar of the Community
United States
4416 Posts |
Looks like the good, the bad and the ugly (potty coins) are destined to co-exist ... along with the TPG'ers. |
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Pillar of the Community
United States
2077 Posts |
Usually these coins are altered to show Liberty sitting on a chamber pot. Never seen one quite this vulgar.
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Bedrock of the Community
United States
17884 Posts |
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if it took 5 years of learning before you could buy coins and not get gypped, this hobby would be long dead. Well that is what it took before the TPG's came along so I guess coin collecting must have died out over 2000 years ago, the TPG's never came into existence (since coin collecting died out so long before)and everything we are doing now is a collective figment of out imaginations. No the hobby would not die out, it would be smaller and more knowledgeable. Sometimes I see the coin collecting hobby as similar to a lot of people who like art and would love to paint pictures. But that took time, talent, and practice, so paint by numbers was invented. |
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Replies: 37 / Views: 5,755 |
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Posted 08/26/2014 4:01 pm
