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<p>[QUOTE="calcol, post: 3885885, member: 77639"]It doesn't prove anything about grading standards. There's no way to know the condition of the raw coins that were submitted and that may have changed from year to year. And I presume the data is raw submissions (some of which would have been crack-outs) and reconsideration/regrading/crossover submissions. Is there any way to know the proportions?</p><p><br /></p><p>In addition, annual variation in the distribution of coin types and years can affect grades. An influx to a TPG of recently minted coins compared to an earlier year or month might, not surprisingly, result in a greater proportion receiving higher grades. My speculation is that's what happened between Oct 2003 and Apr 2006. The TPGs do run specials from time to time that encourage submission of certain types of coins. Then too, the mintages of modern coins can vary quite a bit between years.</p><p><br /></p><p>I'm not disagreeing that there has been a loosening of standards, which is only part of gradeflation. I feel it's occurred. But I haven't seen objective proof. A large change in the distribution of assigned grades in different years would be proof only if:</p><p><br /></p><p>1. the data is for raw coins,</p><p><br /></p><p>and</p><p><br /></p><p>2. the distribution of the conditions of the raw coins was the same in the years being compared.</p><p><br /></p><p>Information on no. 1. above may be available; no. 2. above is unknowable.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3885885, member: 77639"]It doesn't prove anything about grading standards. There's no way to know the condition of the raw coins that were submitted and that may have changed from year to year. And I presume the data is raw submissions (some of which would have been crack-outs) and reconsideration/regrading/crossover submissions. Is there any way to know the proportions? In addition, annual variation in the distribution of coin types and years can affect grades. An influx to a TPG of recently minted coins compared to an earlier year or month might, not surprisingly, result in a greater proportion receiving higher grades. My speculation is that's what happened between Oct 2003 and Apr 2006. The TPGs do run specials from time to time that encourage submission of certain types of coins. Then too, the mintages of modern coins can vary quite a bit between years. I'm not disagreeing that there has been a loosening of standards, which is only part of gradeflation. I feel it's occurred. But I haven't seen objective proof. A large change in the distribution of assigned grades in different years would be proof only if: 1. the data is for raw coins, and 2. the distribution of the conditions of the raw coins was the same in the years being compared. Information on no. 1. above may be available; no. 2. above is unknowable. Cal[/QUOTE]
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