Maybe your standards have changed, Doug. I don't see a ton of difference from the early 2000's and now in terms of TPGs. They get it right MOST of the time--I'd say 95%+ When I don't agree with them, which is seldom, like you said, I don't buy the coin. My take on your grading is that you are extremely consistent, but harsh. Just one man's opinion--you seem to come in at least one grade below everybody else's opinion. That may be good, and it might not--no way for me to scientifically vindicate that. I mean no disrespect with this point of view--just that I consider myself an "average" grader for an experienced collector, and find myself agreeing with TPGs MOST of the time. Do they blow it? Of course. I think you probably have blown it during your years as a collector at one time or another--can't speak for you, and as I said, no disrespect intended. Just simply, nobody is infallible. That is why I like the numerical standard, and the third party, that has no vested interest in the process. If anything, the TPGs have definitely GOTTEN TOUGHER on giving the PL and DMPL designations in recent years. That was the original premise of this debate (and I do consider it a valuable debate, conducted in a non-degogatory and professional manner). In previous years, 4-6" bought one a DMPL designation. Now, the 8" reflectivity that I spoke of (given ordinary sized type--12 point Century Schoolbook was the standard visible 8" away) has gotten much more difficult to attain.
NGC has always had an 8" minimum for DMPL, PCGS used to be 4-6". But if I remember correctly it says someplace on their web site that they use 8" now. So I'll agree about them getting tougher on that. But my grading standards haven't changed in 20 years. Sure I've made my share of mistakes in grading just like anybody else. If you read my comment from earlier, I said I was never wrong on a DMPL - I didn't say any coin. DMPLs are really one of the easier coins to grade IMO. I mean the reflectivity is either there or it isn't. So it's pretty hard to miss that. And if the reflectivity and frost is there, then marks are also easier to see. It's kind of like grading Proofs, they are easier to grade too, for the same reasons. And if I am wrong about the TPG standards having changed, then why do so many other numismatic authors and "experts" agree with me ? For several years now the number of articles on the subject has done nothing but steadily increase. They see the same things I see, and have been seeing.
They're not any "better equipped" to grade and attribute than any knowledgeable collector/dealer, who has invested their time into learning about grading, attributing, and designating. It's all based on knowledge. Nothing more.
For individuals, I agree. For the TPG graders, no. The graders who work for the TPGs have no personal say in how they grade coins. They have to grade coins the way they are told to grade coins. If the grader thinks the coin is only a 64 but the TPG standards say it is a 65, then they have to grade it as a 65. They have no choice in the matter.
I agree with, and have always understood, this. What I'm saying is that the TPGs are not any better equipped to grade, attribute, and designate coins than any knowledgeable collector/dealer. The point Morgandude misses, is before a coin is submitted for grading and PL or DMPL designation, the submitter must think the coin possess PL or DMPL qualities. The only way that belief is substantiated, is by the person examining the coin, and determining, by the coin's appearance, that has those qualities for the designation. A coin can be a PL or DMPL or any grade without a TPG's say so, and simply because the coin has not been slabbed, doesn't make the coin any less than it is. A 64 is a 64 as long as the coin has all the appearances, and meets the criteria for a 64 grade, whether it's in a 2x2 or a slab.
I agree completely. One of the things I really have a problem with is, I guess you could call it attitude but perhaps philosophy would be a better word. Philosophy is a way of thinking, a way of looking at things. And I believe that too many people follow the philosophy that unless a TPG says it is so, then it cannot be so. And that if a TPG says it so, then it cannot be otherwise. That I have a problem with ! The reason I have a problem with it is because just about every single person I have ever talked to agrees that TPGs make mistakes. And if TPGs make mistakes then the above absolutely cannot be true. But yet many treat it as if it is true. That the TPG is always right no matter what anybody else says. And that just isn't so.
I agree, and that further supports the position of several CT members who, on other threads, have stated that collectors, and dealers alike, have become lazy and unwilling to educate themselves on grading coins because they accept the TPG label as being accurate. They fail to take several factors into consideration, the most important one being that the TPGs as a hole, do not use a universal grading system, each one has set their own standards, and in some cases, those standards contradict what's been in place long before the TPGs came about.