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<p>[QUOTE=&quot;NPCoin, post: 142640, member: 5629&quot;]When speaking of &quot;standards&quot;, we must also realize that not everyone follows the same standards.&nbsp; I personally follow along the ANA Standards, which <b>IS</b> different from the PCGS &quot;standards&quot;.&nbsp; And the SGS &quot;standard&quot;...I don&#039;t think we want to go there!&nbsp; Yet, even internally, PCGS is very limited in any drastic changes to their own &quot;standard&quot; (especially without publication of such), unless they feel like paying out another $$million settlement to Uncle Sam again.</p><p><br /></p><p>To leave themselves open to be able to change their standard, they offer a <a href="http://www.pcgs.com/bill.chtml" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/bill.chtml" rel="nofollow">grading guarantee</a>, simply in order to curtail any possible run-ins with the FTC again.&nbsp; And here is where I believe the main reason for &quot;under-grading&quot; lies with the PCGS.&nbsp; If they initially undergrade the specimen, and subsequently make changes to their &quot;standard&quot;, then the possibility of having to &quot;pay out&quot; on a Downgrade Resubmission, lessens.&nbsp; Also, because greed drives many people, there will be those who may grade according to a different standard, and thinking they have stumbled across some easy money, may resubmit for a downgrade, only to have it return.&nbsp; More money for PCGS.</p><p><br /></p><p>Rather than &quot;changes to standards&quot;, I am more led to believe that the inconsistencies in grading by the PCGS has more to do with their 3 man consortium grading practice and the fact that the same three people are not always, if ever, going to grade the same coin twice.&nbsp; And since grading is subjective...who knows what you may end up with.</p><p><br /></p><p>At least at SGS, they&#039;ve proven themslves quite consistent.&nbsp; Just send any coin out of your pocket and you&#039;ll be practically guaranteed an MS70 :goofer: </p><p><br /></p><p><br /></p><p>Off topic: I enjoy the way PCGS has elevated sites like eBay and Yahoo! Auctions to the level of being a &quot;<a href="http://www.pcgs.com/trading.chtml" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/trading.chtml" rel="nofollow">trading network</a>&quot; where you can buy your PCGS graded coins in confidence &quot;sight unseen&quot;.&nbsp; I think somebody there has never used eBay before :computer:[/QUOTE]</p><p><br /></p>

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