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Posted By: Joseph

The cardboard "meltdown" closely parallels the progression of events that followed the slabbing revolution in coin collecting. Many, of course, believe that grading/slabbing "ruined" the coin hobby. Because of the value added thingee, speculators pounced, made some money, some got out. Then all the cries about the subjective nature of grading. Sound familiar? Well, the coin hobby has not crashed, despite the cries of woe from the purists/old-timers. It has merely gone through a price correction.

Sit tight, everything will be fine (barring another terrorist attack which will slow down the cardboard progression--as well as some more important things.)

One more thing. I seem to recall that Alan Rosen might have left the coin business because of the crazy grading/slabbing that was ruining the hobby. And I also seem to recall his resistance to the introduction of same into baseball cards. Well, Mr. Mint ain't stupid.