Posted By:
Eric BI think Jim's point is that it's NOT an expense in the long-term since roughly 1/2 of his (or anybody's) cards will get a bump in grade and hence increase the value of his (or anybody's) collection.
But I'm not sure I agree with this. That would be saying that the total value of slabbed cards will automatically increase in value once they are regraded for 1/2 points. But that's not true. The entire value should be unchanged, similar to the value of a company that remains unchanged after a stock split.
I believe that cards that receive a bump in grade will increase in value to the detriment of cards that do not receive a bump in grade. And the gains will equal the losses.