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At first, I kind of ignored this thread.
Now I will say that it has grabbed my interest.
My collection includes a few slabbed coins.
Mainly Key Lincoln Cents, slabbed by NGC and PCGS.
I have ceased buying coins for now, but in the past I have trusted NGC and PCGS and I hope that their trusted reputation will continue.
Trust is one of the main issues. If you have not seen the essay in my signature here is the link:
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):https://ln5.sync.com/dl/7ca91bdd0/w...939059710007Way too many people, as shown in the essay, have lost thousands of dollars by the companies mislabeling halves as no FG that, by their own cited/linked to standards, are not No FG halves. There is a (being generous) a 30% error shown/linked to by examples in that essay.
When I was researching the No FG variety of
Kennedy half dollars as slabbed by the companies (quite a few years ago now) it made me understand the expertise levels of these companies is greatly overrated by the marktet. The market being made of a lot of people who invested in a membership making them more psychologically apt to want to view the companies as being what their marketter's claim they are.
That is NOT an insult. It is just how I have come to view the ones that charge membership for their services (NGC and PCGS) and how the market looks down upon slabs not produced by those companies. It is psychological since none of the companies use any verifiable means to grade coins. Again, without something verifiable, how can one company possible be rated as being better at grading than another? And again, the re-slabbing "game" (as I call it) again reflects the truth in this statement.
My trust in their actual grading has been steadily declining as I have put in more and more hours of research. I view them now as any other modern company who is prioritizing shareholder profits vs. taking pride in a job well done. This is not uncommon in the businessworld nowadays, and unfortunately the coin hobby is far from immune to it.