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Posted By: Gilbert Maines

It was not love in our sister hobby. It was the perception that coins would trade sight-unseen and become the new commodity. Grading was young and welcomed. The investors misjudged the power of the collectors.

Sight-unseen trading was eventually rejected. In part because coins which were equally graded could look entirely different. Toning of silver coins can be extremely attractive or hideous, for example. And grading companies did not differentiate based on appearance. Only on wear, alteration, damage and the typical criteria.

And the coins which were bought had no wear, etc.