I believe from your post you have the common misunderstanding about grading companies that most people nowadays do. The following will be well worth your read or you are setting yourself up to lose a lot of money.
Submitting coins for grading to get rmoney-level graded slabs is a great way for a newbie to lose money. Most experienced dealers don't get the money grades, and that is why those slabbed coins are so rare and valuable. Dealers send bulk submissions of thousands of coins in hopes of getting that high grade.
Companies use nothing verifiable to grade coins with. So the same coin broken out and resubmitted, even to the same company, is never guaranteed the same grade again. The companies are totally unaccountable to anyone. The less money-grade slabs they hand out, the more the high money-grade slabs skrocket in price. This is desreable for business b/c the high prices entice more people hoping to make a boatload of cash to tyry to find a perfect looking coin to submit.
Tons of people are willing to gamble the 200.00 (initial) fee to submit their "perfect looking" coin (to their eye), and end up wondering what went wrong when they end up with a non-jackpot grade slab and financially in the hole. The overabundance of face value coins people have paid to get slabbed lends evidence to this idea.
The companies keep track of the grades they assign to all coins as can be seen online. Limiting the number of money-level slabs they give out keeps the prices high on those slabs and entices more people to take the gamble so the companies get more money. The companies are businesses needing to pay shareholders, and will go with a plan to maximize profits just as any other business does.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly
TPG ineptitude and No FG
Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2Edited by Earle42
04/17/2024 10:10 am
Posted 04/17/2024 08:29 am
