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Case Study: 1938-S PCGS MS68+ "FB" Dime $364,250 - Everything that is Wrong with Our Hobby
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<p>[QUOTE="Lehigh96, post: 3602250, member: 15309"]I don't think I have ever heard any member deny that gradeflation exists. The irony of this example is that typically, most people blame gradeflation on a deliberate loosening of standards whereas I have always blamed the inherent subjectivity in grading along with the financial incentive that accompanies an upgrade. However, in this particular case, I think it is entire possible that PCGS has changed the way they grade monster toned registry quality coins. It isn't that they loosened the numerical standard, rather it is an attempt to value/market grade these coins based on how they will perform on the open market.</p><p><br /></p><p>We have talked about this before, and this coin is just another example to add to the list. That said, I don't see anything that would prevent this coin from being in an MS67 holder if it were blast white, whereas the $100K Franklin had some pretty obvious bag marks.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 3602250, member: 15309"]I don't think I have ever heard any member deny that gradeflation exists. The irony of this example is that typically, most people blame gradeflation on a deliberate loosening of standards whereas I have always blamed the inherent subjectivity in grading along with the financial incentive that accompanies an upgrade. However, in this particular case, I think it is entire possible that PCGS has changed the way they grade monster toned registry quality coins. It isn't that they loosened the numerical standard, rather it is an attempt to value/market grade these coins based on how they will perform on the open market. We have talked about this before, and this coin is just another example to add to the list. That said, I don't see anything that would prevent this coin from being in an MS67 holder if it were blast white, whereas the $100K Franklin had some pretty obvious bag marks.[/QUOTE]
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Case Study: 1938-S PCGS MS68+ "FB" Dime $364,250 - Everything that is Wrong with Our Hobby
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