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<p>[QUOTE=&quot;medoraman, post: 1076294, member: 26302&quot;]If you insist Paul, though I do not know why you think I have to take your quiz, I have already told you of the founders, 86 and 87 was the founding years I believe, 87-88 was when grading standards changed, though it affected ANACS holders more, I have no idea about what other business, I am not into his personal activities, but I think it was NCS, I really don&#039;t know Paul, you tell me. I was talking about TPG&#039;ers, not SPECIFICALLY PCGS and NGC. You may not know it, but the coin world did not always revolve around PCGS and NGC, we did fine before them, and even had other TPG&#039;ers before them. As to why you don&#039;t understand you imposing on me a duty to answer your questions, I will love to see you insisting any other posters comply to the same degree of questioning their background that you have shown me before you deign to discuss coins with them.</p><p><br /></p><p>The bottom line is who are TPG&#039;ers responsible to? If they tomorrow change grading standards across the board, stating &quot;collector preferences have changed&quot;, who is there to say they are wrong? They already do not follow ANA guidelines, so what authoritative body is there to disagree with them? Who is to say what a 65 is? I will tell you, the TPG is the only authority now to say so, since they make their own grading standards. How would you sue PCGS over your worn 63 if PCGS simply stated that collector grading has changed, and your coin is now a 55? They would reply that your 63 was accurate AT THE TIME, but now it is not. That is how TPG&#039;ers responded in the 80&#039;s, that they did nothing wrong, but standards have changed. TPG&#039;ers are always responsible for doctored coins, fakes, etc. They will reimburse bad grades NOW since they are saying standards are the same, if they slab a coin with a bad grade. They have no responsibility to pay ANYTHING if in the future they state that standards have changed &quot;in the industry&quot; and they change their grading standards.</p><p><br /></p><p>You may very well be right that standards will not get changed en masse like this again. I am just telling you there is no legal repurcussions to them doing so. You cannot sue them, since they are giving an opinion AT THE TIME of a grade. Change standards and they have a get out of jail free card.</p><p><br /></p><p>Edit: The OP question was what is BU mean. This has gone offtrack, across the road, and onto four other tracks so far. I never meant this to be about TPG&#039;ers, and didn&#039;t mean to single them out from any other source of grading, since there are too many threads like this already. To the OP, BU and MS are both supposed to mean an uncirculated coin. As you can see there is a lot of discussion and history concerning what that means, both in the past and now.[/QUOTE]</p><p><br /></p>

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