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 Replies: 10 / Views: 2,750 |
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Moderator
 United States
56855 Posts |
Was just thinking how great their collections must be. I am sure they are buying high end raw coins for next to nothing and slabbing them for free of course  . The profit margin must be out of this world right. You newbies need to learn how to grade coins so you can get more bang for your buck. I am not good at grading  John1  |
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Pillar of the Community
Canada
5241 Posts |
TPG graders may not necessarily collect themselves.
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Pillar of the Community
 United States
4592 Posts |
I would suspect that after spending half a day in a dark room examining other people's garbage treasures, the last thing a professional grader would want to do is look at more coins.
S/he probably hits the beach or the Ski slopes or something like that.
Besides, graders don't know how to run the slabbing machinery and they don't get to submit their own coins for free...
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
992 Posts |
I try not to be too concerned about what others do, it's futile and tends to fantasy. It's ridiculous to think TPG graders have a source of cheap, yet rare, coins that only they know about. If such sources did exist, the owners would never sell for a low price when ebay beckons with high returns. |
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Moderator
 United States
56855 Posts |
Besides, graders don't know how to run the slabbing machinery and they don't get to submit their own coins for free.. I bet the owner does. It's ridiculous to think TPG graders have a source of cheap, yet rare, coins that only they know about.. But they do,under graded/ungraded raw coins. If you are a pro at grading you could end up paying less,you may pay MS 69 prices and get a MS70 coin. John1
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Bedrock of the Community
United States
17884 Posts |
The title speaks of the TPG owners, the body of the thread discusses the graders, the two are not the same people. |
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Valued Member
262 Posts |
 Exactly what I was thinking. He said TPG Owners, not the employees.. LOL C'mon people. |
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Moderator
United States
56855 Posts |
Well, if I was an owner of a trusted TPG company and I knew how to grade I would be slabbing "my" coins at no charge. John1 |
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Pillar of the Community
United States
2403 Posts |
While the owners of the TPG companies may have a better chance at picking out the gems to buy, I am not so sure they can buy them at dirt cheap prices unless buying in huge quantities which they probably have the money to do. When it come to getting them graded, their coins should be just as anonymous as ours. If I understand correctly. The graders have no idea who owns the coins they are grading. Still require 3 anonymous grades. So the only reason why they should have outstanding collections, if they collect, is because they can afford to buy the best of the best. And yes this is because of their business but they probably have the contacts to find the Primo collections to buy. Edited by MontCollector
04/17/2016 3:02 pm
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Pillar of the Community
United States
2403 Posts |
I believe Pawn Shop owners and possibly LCS owners have the greatest advantage when it comes to buying Top notch collections for dirt cheap prices.
Just imagine how many people inherit collections and don't do their research before taking to pawn shop/LCS for quick cash.
There are lots of Pawn shops in Western Montana, they ALL buy rare coins....but only a couple will sell them. The rest the owners keep for themselves. This should tell you something.
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Bedrock of the Community
United States
17884 Posts |
Quote:Well, if I was an owner of a trusted TPG company and I knew how to grade I would be slabbing "my" coins at no charge. John1 But if you are grading your own coins, your TPG tends not to be trusted. That was specifically why the top TPG's don't allow their graders to collect and why the owners don't or at least claim they don't, submitted themselves. It was done deliberately to eliminate the possibility of perceived favoritism. And why ICg went so far as to have submission go to a quasi-outside firm that unpacks the shipment and places them in flips and boxes before they are delivered to the TPG. So they would have no idea of the source of the coins. |
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Posted 04/03/2016 10:18 am
