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<p>[QUOTE=&quot;ziggy29, post: 28926, member: 1113&quot;]It is.&nbsp; There used to be only AU-50 and AU-55, and the 58 grade was largely created to refer to &quot;super slider&quot; coins which weren&#039;t technically mint state, but were essentially &quot;choice/gem coins with the slightest traces of rub or luster break.</p><p><br /></p><p>But in practice, it&#039;s been watered down, unfortunately.&nbsp; The marketplace doesn&#039;t seem to care, though, nor does it need additional grades.&nbsp; The truly choice AU-58 coins -- the ones that meet the &quot;textbook&quot; definition of the grade -- usually sell for MS-60 prices and above anyway, whereas the watered down 58s barely sell for AU-50 money.&nbsp; Most knowledgeable collectors with a discerning eye don&#039;t need another grade to separate the wheat from the chaff.</p><p><br /></p><p>I see no need for additional grades given the above market realities, though I&#039;d prefer to see the standards upheld and not watered down with market grading and general gradeflation.&nbsp; What I hate about &quot;losing&quot; a bid on one of the true AU-58 coins out there is that I figure they&#039;ll wind up in a 62 holder before long -- and the grade inflation cycle continues...&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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