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TPGs or no TPG

For the experienced collectors, do you think numismatics was better before or after the advent of TPGs?

28 days ago

I believe after. We know.more about the about the coins.  We know.what to mail in . And for what we know And I know whatnot to send  in. We learned has to save money by not sending the wrong coins in. We have learned more about the Sheldone Scale. What it means to the grade and value. And the grade is not always the true value. The coin is the true value. What it means to us. They tell us if it's real or not. So many things. They can clean certain substances of them. Sometimes given up a number grade.I have had one token cleaned. They told me they could get the junk of it. I said yes and got a MS 63 P.I that's great. Many services. Before what did you know. You had red book and books on every coin . So allot of reading. And protection is very important so we can pass them on

28 days ago

Mike makes some really great points. Another large advantage to TPG is consistency in grading. This helps to give a buyer confidence in that if the grade is accurate according to someone other than the seller, then the pricing is more easily agreed upon by both the seller and the buyer. TPG also helps in auctions to insure accurate bids on coins based on quality photos without personally examining the coin.

27 days ago

I have to agree with both Mike and Gary as to third party grading. ANACS was the first to do so in early 1970's. Prior to the internet, collectors had the opportunity to buy a coin sight unseen without fear of being "over-graded" or worse, counterfeit. As the hobby continued to grow as did certified coins, PCGS entered the market in 1986. In doing so, the market values began to skyrocket. Primarily by investment types, buying graded specimens as a hedge for their stock portfolios. NGC would follow suit a few years later. Eventually the market peaked in the 1990's, stabilized a bit, and dropped to levels below the investor buy in figures. Once the internet arrived, and although the values have risen again, with exception to the "rare" coins most are readily available to the average collector on a budget once more. Each coin and series have their own trends and adjust accordingly. Finally, Certified Acceptance Corporation (CAC) stepped in, to grade between the grades if you will, assuring that a coin was of the highest quality for the stated grade by PCGS and NGC.   

25 days ago

There was one downside. People have quit learning to grade for themselves, for the most part. They are in effect buying the slab not the coin.

19 days ago

You have a good point LS

19 days ago

Being new to this I was actually buying based on how I felt about the coins, not the Rating.  Found out this was probably the smartest method.  I don't care what a TPG says, If I don't like the look, I ain't buying.  

18 days ago

I like the TPGs not as much as a grading service but to authenticate a coin as well, especially if its a rare coin which is popularly counterfeited. If I'm spending alot of money on a rare coin I want to know that its the real thing....then there are also fake slabs out there. Thats up to the buyer also to check the TPGs website to check the numbers.  YOU have to do research also. Educate yourself so you can make a wise purchase

2 days ago
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