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<p>[QUOTE=&quot;Lehigh96, post: 5130754, member: 15309&quot;]Gradeflation is not the result of the TPGs making deliberate changes to their numerical grading standards.&nbsp; Typically it is the result of the exploitation of the subjectivity inherent in the grading process.&nbsp; When that collides with huge price increases associated with conditional rarities, you will see crackouts, resubmissions, and PQ coins will get upgraded and end up being “C” coins at the upgraded grade.</p><p><br /></p><p>I started my journey into Franklins after the gradeflation in the series, but from what I’ve seen, there was a conscious decision made by PCGS to reward coins with both outstanding color &amp; luster even if the surface preservation was not equal to that of the grade.&nbsp; In essence, they expanded the color/luster bump and that policy change had a serious effect on the Franklin series at the premium gem level leading to gradeflation you are referencing.[/QUOTE]</p><p><br /></p>

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