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<p>[QUOTE=&quot;desertgem, post: 907232, member: 15199&quot;]Similar to stocks, you can estimate the fair value of a stock by many factors, but market grading is what a share will sell for in the open market.</p><p><br /></p><p>Market grading in coins aligns a grade given by someone ( TPG, individual) to what the coin&nbsp; would fairly bring in the market. Unlike the stock market, the price of such exchange is not instantly known to all so there is a lot of hysteresis and sometimes hysteria in the changing. Basically I think, as the FMV of a coin goes up, the grading standards are decreased, and visa versa. Since in 20 years, the average FMV of a coin has increased significantly, we feel the standards were much stronger then than now.</p><p><br /></p><p>&quot; Lord give me a dealer who still grades by the early edition of Brown and Dunn!&quot;[/QUOTE]</p><p><br /></p>

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