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<p>[QUOTE=&quot;GDJMSP, post: 645992, member: 112&quot;]They do have a grading set, as you say, across the series. A grading set is a complete set of coins of any series. That means an example of every date/mint combination in vitually every grade.</p><p><br /></p><p>&nbsp;</p><p><br /></p><p>In the beginning I think there was a bias towards key dates. In other words people tended to be more forgiving because the keys were harder to find and because many people, professional graders included, get somewhat excited when they see one.</p><p><br /></p><p>In todays world I think the value aspect of market grading plays a much larger part. The grade is assigned based on what the value of the coin is - not what the condition of the coin is.</p><p><br /></p><p>Why do you think the term gradeflation originated ? It came into being because in the old days coins <b>were</b> graded by the TPG&#039;s based on condition, with the bias towards keys that I mentioned. As time went on, that bias towards keys inched ever upwards and thus the term gradeflation came into being. If anyone can remember, it was the key dates and the rarities that were first discussed and written about in the press as being over-graded. And it was not so long ago when it first started, it was in this decade.</p><p><br /></p><p>But in today&#039;s world, that gradeflation has widened to encompass nearly all coins, not just the keys. In today&#039;s world coins are priced - they are not graded by the TPG&#039;s.</p><p><br /></p><p>Now some will argue that they were always graded based on price/value. But what I have mentioned above contradicts that. In other words, results say otherwise.[/QUOTE]</p><p><br /></p>

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