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Old 12-14-2008, 07:28 AM
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Default Are coins and stamps as bad as baseball cards and autographs?

Posted By: Richard Simon

To quote "DJ": "I talked to one gentlemen who told me a tale of a collector who was in desparate need of a rare coin in a specific grade. It was at the third highest grade (valued at $8,000) and he wanted a second highest grade ($24,000). So what he did was take a hammer to the holder and he simply kept resubmitting the coin hoping for the higher grade. He did this like fifty times before he finally got that higher grade. He had turned that $8,000 coin into a $24,000 and paid about fifty submissions which was well worth it to the now satisfied customer".

I was told the exact same story, by a major executive in a major grading company. His company was the one being used for this submission.
The collector said to him "well your guys finally got it right", his reply was, "no we got it right the first 49 times."
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