‘Fourth-party grading’ doesn’t add depth - Numismatic News
Jun 2
For those who thought they had seen everything with coin grading, we now have fourth-party graders! Before we had grading companies it was pretty simple. It took two parties for coins to change hands – the buyer and seller plus a price list based on the state of preservation of the coin. Human nature typically had the seller lean on the better state of preservation of the coin (higher value) while the buyer often would estimate a lower grade (less cost).
The coin industry promoted the idea of an independent appraisal of coin (third-party grading) because it would simplify coin transactions and even promote sight-unseen trading of coins.
Entire article: ‘Fourth-party grading’ doesn’t add depth - Numismatic News
Filed in: Numismatic News
Article Tags: Coin Grading, Numismatic News.
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