I completely understand ! ! ! So OK ; you want to buy a particular coin , recent prices are in the range of 12 to 18 dollars . . .
Truly , are you just going to wait the next 11 years till someone finally springs for
TPG fees ? = nope.
Some people KNOW they can grade coins ; for two main reasons , one they are egotistical or TWO they have worked over time to establish a reputation by comparing their opinions about grades with others ; like a peer review process.
Thus this person feels confident they can tell a coin or banknote grade. But what happens when that other party of the trade deal is also a gifted grader or even worse a complete stranger to the grading person trying to make the trade deal.
Thus I feel the hobby has benefited by these
TPG due in the main to unscrupulous people into coins in particular in the past. Many unskilled people today who are very aware of scams and online criminals would totally avoid paying hundreds of dollars without some semblance of getting a respectable deal ! ! !
Here is the WORST thing about third party grading , they ALMOST ask you to sign over a kidney from your first born to fund that one items grading. Truly it is seriously overpriced ; I can understand for things like over a thousand dollars, but lower priced items ? Truly some of these people must have 300 foot yachts or maybe are just bad at handling loose money since they know others will
keep paying ridiculous grading fees . . .
Here is the best thing about
TPG , They take something and preserve it / protect it and give their independent opinion. Then they send it back to the submitter ; now that item has an opinion as to its grade and the
TPG has made their money already ! ! !
NOW that item can trade from person to person until it finally lands with someone who says one of THREE things :
- I am happy with my purchase, maybe I overpaid or got a bargain but at least I know its GRADE !,
- a knowledgeable grader who says ; krap that
TPG got it wrong , I need to replace this graded 65 item fast since to any schooled person this poor grading will hurt my other items,
- or geez, this item is graded MS63 ? truly its at least a 65 or better ; time to crack it out for a regrading . . .
whether you agree or disagree with the above ; the vast majority of collectors are hobbyists and need reassurances before they hand over larger sums of money. These people do not have the time / skills or resources to learn semi-professional grading techniques.
without OVERPRICED
TPG the hobby would be much poorer since the BEST factor to any items value is always ? ALWAYS one thing = POPULARITY , if you do not have the supply demand market then your not going to get the best price.
The more people bidding / seeking then the more ( higher ) you selling price and
TPG helps that ! ! !
[ a case in fact ; in florida a number of years ago a modern copper cent as put up for auction for about 9,000 US$ for a 70 grade. Someone bid ; so that should have been the end of that , right ? except a counter bidder upped the price and these TWO bidders took a single copper cent to a final price of around US$ 40,000 ! ! ! is that not hilarious ? Well , guess what ; a short time later ... that copper coin developed copper spotting and the grading company had to buy it off the winner under their coin grading guarantee ; LOL ] ;)
Posted 02/29/2020 12:35 pm
