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Great analysis Midas! The point of Midas' analysis is a comparison of PF70 and MS70 grades from PCGS and NGC. For this purpose, I would agree with his assumption...that most people don't crack out 69 coins and re-submit them. It's just not worth it for the small percentage that may get a 70 if re-submitted. The analysis is not a comparison of grading amongst all grades, just 70. For that, I don't believe that the numbers lie. Also, I will have to disagree with Speedy. I don't think that the POP reports are all junk. For the MS/PF69 and MS/PF70 modern graded coins, I think that the numbers are probably pretty accurate. They are most likely off some, but not enough to skew the results of Midas' study the other direction. I think this analysis confirms what many people think about the high graded modern coins. Of course, this analysis is only true for coins graded up until today. Things could easily change at the TPGs and go the other way without notice.
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