COIN GRADING IS AN EASY MONEY PRODUCING BUSINESS
In life you always want to be honest and obey all the laws. In coin grading there are no laws that require a person to grade coins to a specific standard. There is the ANA American Numismatics Association that has some guidelines as to how to grade coins. However, the ANA is not any thing other than a profit making company like any other corporation. They have no power to require anyone to use there standards. They are a private profit motivated Corporation. As a matter of fact most all grading companies grade to their own standards.
I strongly suggest that a person getting into coin grading business place a note on their holders that the coins are graded to their own standards. The main reason for this is no one can challenge you that the coin was not graded correctly. The biggest problem with coin grading is it is an opinion and not a scientific process. It is like judging a beautiful woman, you like one look and I like something completely different. My ten may be a two for you.
The other major problem in coin grading is that the coins business for many years was controlled by the Good Old Boy Network of coin dealers. ANACS (http://www.anacs.com/contentPages/History.aspx?AspxAutoDetectCookieSupport=1) was the first to grade coins in 1972. They had the market to themselves. Then NGC and PCGS came along to compete with ANACS. These three companies had a strangle hold on the coin grading market for many years.
As in all free market societies others began to enter the coin grading market, but it was difficult because the professional coin holder had to be produced by an injection molding process that was very expensive.
Today you have at least twenty different coin grading companies. That is a small amount compared to the billions of dollars earned in coin sales each year. The market is wide open for more companies large or small to enter the market. Here is the problem, if you want to open a coin grading business or grade your own coins to sell you need a professional coin holder that will seal the coin inside and have the capacity to have a label placed on the holder. As I mention before the process is very expensive to have made, perhaps as much as $50,000.00 plus the design.
My company has solved that problem by developing the worlds first professional coin certification holder that an individual can purchase for very little dollars. In addition the professional coin holders are designed to be sealed better than a sonic weld used by the large grading companies and with no equipment needed.
If you want to be successful in business you need to try to set yourself apart from all the rest. If you are looking for an easy business you can run from your home with an investment of less than fifty dollars to get started then the coin grading business is for you.
There are no licenses required to be a professional coin grader. Coin grading is simply an opinion of a condition of a coin. Everyone is entitled to their opinion. If you want to be an Attorney you need a license. If you want to be a Professional Coin Grader, then you are; it is that simple.
If you are looking for more information you can contact Charles Milder at his web site www.coinholderman.com for more details.
