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<p>[QUOTE=&quot;Jaelus, post: 3298757, member: 46237&quot;]Yes, all of the above.</p><p><br /></p><p>If the TPGs publish their standards it would open them up to liability whenever they grade a coin that does not adhere to those standards. By keeping their standards vague or remaining silent on them, they not only afford themselves a degree of protection, but allow themselves to maintain flexibility in how they grade. This way, NGC can respond to a sudden change in grading style from PCGS, and vice versa, without much fanfare.</p><p><br /></p><p>You really need a neutral third party to develop and maintain the standards, but it has to be an organization well respected by the TPGs in order to get their buy in. Then again, if both NGC and PCGS adhered to the same standards, what would be the discriminator for each grading service? It would just come down to whichever was more competent.[/QUOTE]</p><p><br /></p>

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