Thursday, March 15, 2012

Collecting v. Investing


I doubt it'll be taken down since what David Hall related happened to be true.

Of course, this was shot during the time that there was a lot of resistance to TPG's. More specifically, PCGS. It wasn't an easy road but they did set the standard and today are considered the best. Both in collector preference and in the market place.

I expect that Ford was resistant since he didn't see the "need" to pay for someone's opinion since he felt confident in his own grading expertise. Given ultra rare cois, this would owrk out but, since PCGS backed their opinions with cash, it quickly became apparent that the PCGS grading coins brough "confident" dollars to the table nearly eliminating the questions surrounding authenticity and grade.

Back in those days, lots of coins were urchased sight unseen over the teletype. Money was paid based upon grade and lots of arguments occured over grading opinions.
PCGS served to quell those argumants based upon consensus grading by at least three qualified graders.

I thought the video was very inciteful and am glad they posted it.

Source: http://www.cointalk.com/t202544/

jay z glory alabama crimson tide barry larkin at the drive in jay z new song torrie wilson alabama lsu

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.