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<p>[QUOTE=&quot;GDJMSP, post: 1652788, member: 112&quot;]OK eddie, so where does it say price anywhere in that definition ? Surprise, surprise, it doesn&#039;t. </p><p><br /></p><p>Yeah, it says traded. But that doesn&#039;t mean that you, or anyone can else, can assume that traded means price, because that is not what it means. What it means is that the grade assigned by PCGS is the grade that the marketplace is willing to accept. </p><p><br /></p><p>Now who do you suppose the marketplace is ? Or how do you define marketplace ? Well, the marketplace is composed of collectors and dealers, and a large part of those people just happen to be customers of PCGS. </p><p><br /></p><p>So what you have there in that definition is PCGS admitting in writing that they base their grading on what their customers, in other words the marketplace, want.</p><p><br /></p><p>Do you really think I just make stuff up or something ? I don&#039;t. I base my comments on evidence, things that I can see, hear, read, and observe. Things that are real, things that are facts and not opinions.</p><p><br /></p><p>And no eddie, I do not use nor do I grade coins based on technical grading. I have used the market grading system since it was invented by the ANA back in 1986. And market grading has nothing to do with price, never has. </p><p><br /></p><p>And, you see, that&#039;s the problem. Some people think that&#039;s what market grading is. And they do that because they make an assumption that because the market is used then that must mean money or price is involved. But it doesn&#039;t mean that at all. No more than it does when you assumed that &quot;traded at&quot; means money or price is involved. Market grading has nothing to do with price. The term was merely adopted to use so that it could be differentiated from the old grading system which was technical grading. That&#039;s the difference - it&#039;s two different grading systems. The old system was technical grading, the new system (the one we use) is market grading. And they are as different from each other as day is from night. But neither one has anything to do with price or money, and never did.[/QUOTE]</p><p><br /></p>

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