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<p>[QUOTE=&quot;justafarmer, post: 2839685, member: 3926&quot;]I think this practice by grading companies is due to liability reasons as opposed to Secrete Service issues. Providing an opinion as to the grade of a coin is different than providing an opinion on authenticity.</p><p><br /></p><p>When providing an opinion as to the grade of a coin – grading companies are rendering this opinion based upon their own established grading standards. Therefore any opinion rendered that deviates from that of another grading company – one can stand on the basis that the grading standards are not the same.</p><p><br /></p><p>When providing an opinion as to authenticity of a coin – grading companies do not have the luxury of establishing their own standard as to authenticity. Either a coin is real or it is not. Therefore they are limited in providing one of three different opinions.</p><p>1. They can render an opinion a coin is real. Such an opinion exposes the grading company to damages incurred by 3rd parties who have relied on the grading company’s opinion when purchasing the coin if that coin is subsequently determined to be fake.</p><p><br /></p><p>2. They can render an opinion that the coin is fake. Such an opinion exposes the grading company to damages incurred by the party to whom they provided that opinion if the coin is subsequently determined to be real.</p><p><br /></p><p>3. They can render an opinion that authenticity can not be determined which covers their rear end from exposure of either #1 or #2.</p><p><br /></p><p>A grading company that takes position #3 would more than likely remain obligated to render an opinion as to the grade of the coin or return the fees paid for the service. Being grading is part of the service being paid for.[/QUOTE]</p><p><br /></p>

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