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Message:: [QUOTE="ToughCOINS, post: 2017314, member: 20480"]I'm not on the same page Doug.  I contend that market grading and value grading are one and the same. When the TPG's were first formed, and for their first several years in the market, the term "market grading" had not yet emerged . . . at least not that I recall.  It was not until complaints that grading strictly on the basis of surface preservation alone (technically) could cause Joe Public to overpay on coins which were otherwise unappealing, that market grading or value grading was employed to better guide buyers toward appropriate price ranges. The fact that no two coins are exactly alike (I'm casting aside coins like ASE & AGE to make my point), and that grading is so subjective, means that knowledgeable sellers and buyers will always be leveraging differences in attributes to maximize financial gain or minimze loss.  As a result, the TPG's will always be searching for further refinements to mitigate the loss by those who cannot leverage those differences, usually because of a lack of knowledge.[/QUOTE]