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Old June 18th 08, 09:28 PM posted to rec.collecting.coins
longnine009
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Posts: 125
Default We'll let the market decide

There's an item on page 5 of CoinWorld 6/23/08
about PCGS' new"Genuine Slab" for problem coins. They
will consider authenticating certain damaged coins but they won't
net grade them: "Some people value damage differently"
"We'll let the market decide." --Ron Guth

If markets can put a value on damaged coins without
a grade from TPGs then shouldn't that market be able
to value any coin without their grading opinions?



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"Paper [money] is a mortgage on wealth that does not exist,
backed by a gun aimed at those who are expected to produce
it."--Francisco d' Anconia
Atlas Shrugged--Ayn Rand
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