[Mark17]

Originally Posted by topcat61

There was a pretty famous coin grading scandal back in the late 1980's in which David Hall had to go into grading sports cards in order to survive it.

https://forums.collectors.com/discus...ct-of-interest

Did you notice this sentence?

If we buy a PCGS coin that looks like it has upgrade potential, we put it in a B&M or Kingswood auction and hope at least two bidders will make sure the coin brings a premium price.

How would you feel if you submitted a coin to be graded, you got a disappointing grade, you sell it back to the grader who's thinking, "I think we goofed on this one, it should've graded higher. Let's take advantage of that situation, buy it, and sell to someone who will see what we see, and resubmit to get the higher grade..."