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<p>[QUOTE=&quot;imrich, post: 2016617, member: 22331&quot;]I can&#039;t speak for Doug, nor would I try. I generally follow/read his posts, and believe that his distinction</p><p>for an AU coin is as stated in the general published A.N.A. standard.</p><p><br /></p><p>I believe the primary stated distinction between AU and MS is wear, followed by varying degrees of luster, blemishes, bag marks, toning, etc..</p><p><br /></p><p>A MS coin CAN NOT show signs of wear, and must have MINT LUSTER.</p><p><br /></p><p>A GEM state MS coin generally should have FULL MINT LUSTER, with possible uneven toning, and a few light nicks.</p><p><br /></p><p>I believe that any reasonable layjury would find an objective basis for &quot;debasement&quot; if shown examples of TPG certified MS67 or greater graded coins with exceptions to the previously stated GEM state conditions.</p><p><br /></p><p>It&#039;s believed a plaintiff presenting &quot;old school&quot; graded GEM state or better graded coins having the published standard conditions would be found to have been &quot;damaged&quot;, if a &quot;new school&quot; higher graded coin has lesser degree of published GEM qualities. A finding of at least the value of the greatest state comparable conditioned new school graded coin would be reasonable for all old school coins presented.</p><p><br /></p><p>If a &quot;new school&quot; blemished MS70 graded coin can be shown, versus an &quot;old school&quot; unblemished MS65 graded coin of the same TPG, reasonable damages may be that of the greatest value &quot;new school&quot; TPG stated market value for the grade found offending.</p><p><br /></p><p>I believe that reasonable adjudication would find that it unreasonable for offending TPG firms to establish the damages for their mistakes.</p><p><br /></p><p>An automobile manufacturer who produces a defective piece of &quot;art&quot; isn&#039;t allowed to establish damages. It&#039;s believed that neither should a firm that abases the life savings of an elderly couple who invested their life savings in a product sold to them by a prominent Numismatic sales firm.</p><p><br /></p><p>JMHO[/QUOTE]</p><p><br /></p>

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