NOTES ABOUT NOTES
New currency grading services.
I guess that it was only a matter of time before the main coin grading services entered the currency grading marketplace. Their entrance now makes 6 grading services, to my best knowledge. What will their future be?
It is apparent that the 2 services picked very well qualified market professionals to run their services. I have know both of the individuals for many years and consider them to be good friends and exceptionally knowledgeable persons. What will set them apart I believe are 2 main factors: (1) Will the services be viewed as independent and free of any bias? and (2) What will be their grading standards?
It is not enough to be independent but to be perceived as independent . By preventing the graders from dealing in the market that independence should be achieved.
Strict standards and their consistent application is necessary to gain the approval and confidence of the collectors. I believe that tight and consistent standards are more important than the persons applying the standards. If the standards are in place, they will be followed!
I have been against third party grading but will keep an open mind and see what these new services have to offer. The kind of material that I offer does not need encapsulation and will not be regardless of who is grading. Mid grade type notes, nationals, CSA notes and Obsoletes are not candidates for slabbing in my mind.
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