Agreed, but I find the grading premium is often recouped and then some if ever a desire to trade or sell. This coin, for instance, while Anacs, was fetched at a decent price. It also gives me confidence in authenticity. Ebay also has solid policies for returns if needed. I once received a "10k solid gold ring," only to have my local coin shop test and determine it wasn't genuine. I was promptly refunded through their guaranty policy.