Before the inception of the third party grading service page on my website, I spent many months researching the topic of grading companies, and entered discussions at many coin forums on the Internet.

During this endavour, I was met with many different opinions on the grading of coins by third party services. For instance, ”I don’t need a company to tell me the grade of my coin, I learned through experience how to grade, and so should other collectors” and “I like the idea of having my coins graded, authenticated and safely housed in a sealed holder.” And these are but two of the many variations of thought that I experienced.

Personally, I have certains coin of my choosing, graded by PCGS and feel that companies like PCGS, ANACS, ICG, NGC help enhance my favorite hobby, adding a bit of validity to grading coins that was once an inconsistant practice.  Dealers could call it how they saw it, and unfortunetly not all dealers and collectors saw it the same.

It’s akin to what we see today on ebay where a dealer or a “basement” TPGS grades coins as they see fit, and in a manner that boost profits instead of protecting and furthering Numismatics in general.

With these thoughts in mind. Do we still need third party grading services? If not, what should be done about this delima? If so, then how can it be improved to prevent all the grading scams?

Feel free to enter your comments, I would love to hear them!

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