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<p>[QUOTE=&quot;Lehigh96, post: 668659, member: 15309&quot;]I think you are right on point.&nbsp; When I grade coins, I use my experience with TPG graded examples as the standard rather than the ANA guidelines.&nbsp; IMO, it has nothing to do with right or wrong.&nbsp; The simple fact is that I buy/sell PCGS and NGC graded coins.&nbsp; It is of no benefit to me to use the ANA guidelines if neither PCGS or NGC use them.&nbsp; Understanding grading is very important.&nbsp; Understanding that grading is subjective and changes with the standards applied by the grader is even more important.</p><p><br /></p><p>To illustrate my point, Doug consistently grades every coin more conservatively than the TPG&#039;s.&nbsp; This is not by accident, it is because he applies the ANA standards strictly.&nbsp; The TPG&#039;s do not and the standards they use are not as conservative.&nbsp; The result is that Doug routinely feels that TPG graded coins are overgraded.&nbsp; Whether they are actually overgraded or not depends solely on which grading standard you apply.[/QUOTE]</p><p><br /></p>

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