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<p>[QUOTE=&quot;rick, post: 70197, member: 1235&quot;]<font face="Arial"><span style="color: black">Gresham said, &quot;bad money pushes out good money&quot;. Is it also true that &quot;bad grades push out good grades&quot;?</span></font></p><p><br /></p><p><font face="Arial"><span style="color: black">What I got from that article is: Be wary of a coin slabbed as, say, AU58 (for example) – because it’s very possible it was graded AU55 a dozen times or more, before it got lucky. A coin graded as an attractive AU58 has probably been cracked at least once, and will likely be cracked again, until it becomes a low end MS60, etc.</span></font></p><p><br /></p><p><font face="Arial"><span style="color: black">What might help is a voluntary &#039;fourth party grade auditor&#039;. Which is where a national organization (I will not mention names) <b>could</b> do a great deal of benefit to the hobby, though it is likely the market would not give very much cooperation. The idea being that the ANACS, NGC, PCGS, etc. has random selections tested against an independent audit firm. I’m sure the firm could even employ the same standards as used by the respective TPG, which they are auditing. Point being, when people say grading is subjective – and it is – then shouldn’t the professional opinions be tested once in a while?</span></font></p><p><br /></p><p><br /></p><p><font face="Arial"><span style="color: black">Say a third party grading service maintains a certain percentage agreement with an independent fourth party auditing service… with that, they can add that auditing services stamp of approval to their slabs. If not, they don’t, and they can continue to do business just as they do today.</span></font>[/QUOTE]</p><p><br /></p>

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