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<p>[QUOTE=&quot;Lehigh96, post: 1073606, member: 15309&quot;]That is not an exaggeration, it is a bold faced lie.&nbsp; If you were right there would not be any AU58 coins in existence, or at least any graded since 2007.&nbsp; And where you refuse to post examples, I will gladly prove you wrong.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Standing%20Liberty%20Quarters/SLQ1917T1NGCAU58H.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>This is an AU58 SLQ that has been graded within the last few years evidenced by the prongs and certification number.&nbsp; The only friction on this coin is isolated to liberty&#039;s right leg which is prone to roll friction as it is the high point of the design.&nbsp; SLQ&#039;s are one of the most market graded series in the 20th century yet this coin was graded AU58.&nbsp; It would have been very easy for NGC to market grade this coin to an MS63/64 holder.&nbsp; I guess you will respond by saying they let one slip by without market grading it!</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>You act as though the TPG&#039;s look at every AU coin from ever series and deem the wear roll/cabinet friction and market grade the coin to an MS grade.&nbsp; The simple fact is that an overwhelming majority of coins with wear are given mint state grades come from a few specific series of coins.&nbsp; I don&#039;t collect most of these series and neither do most of the average collectors in the world.&nbsp; Therefore, considering the TPG practice of market grading coins with friction a mortal sin seems rather a moot point for most collectors.</p><p><br /></p><p>And since I don&#039;t have 50 years of experience in the coin game, I guess it is incumbent upon me to prove that I know which series are the most commonly market graded with regards to friction.&nbsp; In my experience, the top three series are Saint Gaudens Double Eagles, Capped Bust Half Dollars, and Standing Liberty Quarters.</p><p><br /></p><p>Now how many Saint collectors do we have here on Cointalk?&nbsp; I would be impressed in we had any.&nbsp; I own only one Saint in my collection and yes it shows evidence of wear and resides in an MS63 holder.&nbsp; </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/St%20Gaudens/StGaudensDoubleEagle1924NGCMS63S-2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The wear is restricted to the high points of the coin (breast &amp; leg) and the luster in the fields is undisturbed.&nbsp; It is your opinion that this coin belongs in an AU holder.&nbsp; What is wrong with that?&nbsp; I don&#039;t need to tell you, I will let PCGS tell you.&nbsp; Here is a quote from page 16 of the <i>PCGS OFFICIAL GUIDE TO GRADING AND COUNTERFEIT DETECTION </i>under the heading TECHNICAL VERSUS MARKET GRADING.</p><p><br /></p><p>&quot;Most MS65 Saints have &quot;roll&quot; or &quot;friction&quot; on the breast and leg of Miss Liberty.&nbsp; In truth, the only Saints that do not have broken luster on their high points are the counterfeits!&nbsp; Luster breaks, cabinet friction, album slide marks, and other slight friction affect nearly all coins.&quot;</p><p><br /></p><p>In your world Doug, every Saint would bear the same grade:&nbsp; AU58.&nbsp; How do you propose to separate the obviously superior MS65 coin with an AU58 grade from the coin that actually has been lightly circulated and deserved the AU58 grade?&nbsp; Luckily, it is not up to you and the TPG&#039;s have made the prudent decision to employ a system of market grading that has solved the problem.</p><p><br /></p><p>Furthermore, your opinion on this subject can be summarized by a statement you made a few months ago.</p><p><br /></p><p><br /></p><p><br /></p><p>Read more: <a href="http://www.cointalk.com/showthread.php?t=130595&amp;page=2#ixzz1APV0tSpJ" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/showthread.php?t=130595&amp;page=2#ixzz1APV0tSpJ">http://www.cointalk.com/showthread.php?t=130595&amp;page=2#ixzz1APV0tSpJ</a></p><p>&nbsp;</p><p>Wear is wear regardless of how it occurred and the numismatic community has never agree with you.&nbsp; It sounds very similar to my opinion that strike should not be market graded across different date/mm in a given series.&nbsp; And as you so astutely pointed out, the numismatic community does not agree with me either.&nbsp; I also find it ironic that PCGS address both the cabinet friction and strike market grading in the same section of their book.</p><p><br /></p><p>If you take a minute an stop trying to prove me wrong, you might actually realize that the practice of market grading that you abhor by the TPG&#039;s actually serves a vital role in the market place.&nbsp; Now if you are upset because you think they are abusing the use of market grading coins with friction, I can&#039;t help you, because I honestly don&#039;t see the abuse.&nbsp; Since you used to collect CBH&#039;s, I am sure you have more experience in that area.[/QUOTE]</p><p><br /></p>

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