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<p>[QUOTE="Lehigh96, post: 1882478, member: 15309"]You see it that way because you only see black and white and are incapable of seeing all of the shades of grey in between. It really doesn't matter if the TPGs gained control of the grading market by through forced acquiescence or genuine support, the fact is that NGC & PCGS control the grading arena. This explains why I consider your method of grading the "lunatic fringe." Even if a collector wanted to adopt your grading methods, they would not be able to do so unless they restricted themselves to the raw coin market. And even then, they would limit themselves to dealing with the unknowledgeable.</p><p><br /></p><p>I have challenged you in the past to provide evidence that the TPGs have consciously or intentionally loosened their grading standards over the years. You have never been able to provide a smidgeon of evidence that this is true. Yet, the leaders of the numismatic community have discussed gradeflation and the apparent loosening of standards over the years and provided rational explanations. Here is a quote from Mark Salzberg on the subject:</p><p><br /></p><p><a href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=1335" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=1335" rel="nofollow">An Interview With Mark Salzberg</a></p><p><br /></p><p><b>MR: In the next rip-roaring bull market, would you be under pressure to tighten grading?</b></p><p><br /></p><p><span style="color: #0000ff">MS: I’ll tell you this I’m losing business on a regular basis on generic gold coins because<b> I refuse to change our standards.</b> We have competition which is so liberal on these coins —the $5 to $20 pieces— it is absurd, it’s so ridiculous. Everyone knows it. It’s at least a point and a half in many areas and has affected the marketplace. Premiums have come down on generic gold and they continue to stay down. <b>We’ve stuck to our standard and won’t deviate, bull or bear market.</b></span></p><p><span style="color: #0000ff"><br /></span></p><p><span style="color: #000000">Now you can claim that his answer is disingenuous because he is protecting his company and their profits. But I for one will believe a man with his numismatic resume over your amateur opinion any day of the week. You claim that you were once in the middle group but that changed about 10 years ago. The fact is that the grading standards that you employ on this forum are not consistent with the TPG grades prior to 2004 either. Your standards are still punitively conservative.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">Did the TPGs make adjustments to their grading standards? They sure did. They made more exceptions for weak strikes and roll friction. They allowed grade bumps for toned coins. But these exceptions that you call "loosening" Salzberg refers to as a "learning curve." What that means is he is admitting that their original opinions of some coins were overly conservative. In other words, he is admitting that they were wrong. So while I everyone else grows and learns, you are stuck in the 3rd grade with the ability to see only black and white.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">There are many people who believe that the TPGs have loosened their standards since the early days. But even those collectors don't believe that grading standards have been loosening for the last 10 years. It is widely accepted that if anything, the TPGs actually became more conservative in their grading after the inception of the CAC and "+" grading in 2008. I have given my opinion on gradeflation many times over the years and will not reiterate it again. That said, my chosen series is Jefferson Nickels. Some of the most egregiously overgraded Jefferson Nickels that I have encountered reside in NGC old fatty slabs from the 90's. I see no discernable difference in the numerical grading of Jefferson Nickels by either TPG over the last 25 years. </span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">I don't expect to change your opinion on the subject as we have been having this same debate for almost 5 years. But I would like to know about your supporters. All of those collectors and dealers who you claim agree with you and employ similar grading standards as you. Where are they? Do they not have fingers? Are they unable to share their support on a public forum? In fact, the only people I have ever encountered who believed that your grading standards are right are those that you have indoctrinated on this very forum.</span></p><p><span style="color: #000000"></span>[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1882478, member: 15309"]You see it that way because you only see black and white and are incapable of seeing all of the shades of grey in between. It really doesn't matter if the TPGs gained control of the grading market by through forced acquiescence or genuine support, the fact is that NGC & PCGS control the grading arena. This explains why I consider your method of grading the "lunatic fringe." Even if a collector wanted to adopt your grading methods, they would not be able to do so unless they restricted themselves to the raw coin market. And even then, they would limit themselves to dealing with the unknowledgeable. I have challenged you in the past to provide evidence that the TPGs have consciously or intentionally loosened their grading standards over the years. You have never been able to provide a smidgeon of evidence that this is true. Yet, the leaders of the numismatic community have discussed gradeflation and the apparent loosening of standards over the years and provided rational explanations. Here is a quote from Mark Salzberg on the subject: [URL='http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=1335']An Interview With Mark Salzberg[/URL] [B]MR: In the next rip-roaring bull market, would you be under pressure to tighten grading?[/B] [COLOR=#0000ff]MS: I’ll tell you this I’m losing business on a regular basis on generic gold coins because[B] I refuse to change our standards.[/B] We have competition which is so liberal on these coins —the $5 to $20 pieces— it is absurd, it’s so ridiculous. Everyone knows it. It’s at least a point and a half in many areas and has affected the marketplace. Premiums have come down on generic gold and they continue to stay down. [B]We’ve stuck to our standard and won’t deviate, bull or bear market.[/B] [/COLOR] [COLOR=#000000]Now you can claim that his answer is disingenuous because he is protecting his company and their profits. But I for one will believe a man with his numismatic resume over your amateur opinion any day of the week. You claim that you were once in the middle group but that changed about 10 years ago. The fact is that the grading standards that you employ on this forum are not consistent with the TPG grades prior to 2004 either. Your standards are still punitively conservative. Did the TPGs make adjustments to their grading standards? They sure did. They made more exceptions for weak strikes and roll friction. They allowed grade bumps for toned coins. But these exceptions that you call "loosening" Salzberg refers to as a "learning curve." What that means is he is admitting that their original opinions of some coins were overly conservative. In other words, he is admitting that they were wrong. So while I everyone else grows and learns, you are stuck in the 3rd grade with the ability to see only black and white. There are many people who believe that the TPGs have loosened their standards since the early days. But even those collectors don't believe that grading standards have been loosening for the last 10 years. It is widely accepted that if anything, the TPGs actually became more conservative in their grading after the inception of the CAC and "+" grading in 2008. I have given my opinion on gradeflation many times over the years and will not reiterate it again. That said, my chosen series is Jefferson Nickels. Some of the most egregiously overgraded Jefferson Nickels that I have encountered reside in NGC old fatty slabs from the 90's. I see no discernable difference in the numerical grading of Jefferson Nickels by either TPG over the last 25 years. I don't expect to change your opinion on the subject as we have been having this same debate for almost 5 years. But I would like to know about your supporters. All of those collectors and dealers who you claim agree with you and employ similar grading standards as you. Where are they? Do they not have fingers? Are they unable to share their support on a public forum? In fact, the only people I have ever encountered who believed that your grading standards are right are those that you have indoctrinated on this very forum. [/COLOR][/QUOTE]
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