Grading Standards

Discussion in 'US Coins Forum' started by centsdimes, Jul 5, 2015.

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  1. centsdimes

    centsdimes Active Member

    Soon after I began collecting coins in the 60's, I came under the impression that the one true way to grade coins was to use the ANA Grading Standards book. I still believe that. What is the difference between their standards and other standards, such as those used by PCGS?
     
    centsdimes, Jul 5, 2015
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  3. jello

    jello Not Expert★NormL®

    Opinion of standards. Pcgs has their own unique maybe. It is the same most of the time, but no one perfect.
     
    jello, Jul 5, 2015
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  4. GDJMSP

    GDJMSP Numismatist Moderator

    What's the difference ? About the same as the difference between night and day. They are so different that there is no way to compare them except by reading both books. Suffice it to say that ANA standards are much more strict than PCGS standards.
     
    GDJMSP, Jul 6, 2015
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  5. C-B-D

    C-B-D Well-Known Member

    I love how the old schoolers rant about how the ANA grading standards are the best, but never consider that "the original" is not often synonymous with "the best."
     
    C-B-D, Jul 6, 2015
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  6. GDJMSP

    GDJMSP Numismatist Moderator

    Well, the ANA agrees with you. That's why ANA standards that were first developed in 1977 were thrown out and an entirely new grading system was developed and written in 1986. And the people who founded PCGS played a large part in doing that. But then PCGS decided those standards were too strict for them so they came up with their own, less strict standards.

    The thing is PCGS kept on loosening their grading standards after that, while the ANA did not. So if you think looser and looser grading standards are better, then yeah, PCGS has better standards ;)
     
    GDJMSP, Jul 6, 2015
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  7. C-B-D

    C-B-D Well-Known Member

    I never said PCGS has better standards, Doug. But we all know there's no point in engaging you on this topic. So here's a winky emoticon right back at you... ;)
     
    C-B-D, Jul 6, 2015
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  8. geekpryde

    geekpryde Husband and Father Moderator

    What is old will be new again.

    People have short memories and there are only so many ideas out there. At some point, having really conservative /tight grading will become popular again, and PCGS and NGC will rush to outdo each other in this "new" strict grading regime. It will be a marketing strategy, one in which being derisive about the other premier TPG's inflated grades will drive brand loyalty and sort of unwind all these insane grades.
     
    geekpryde, Jul 6, 2015
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  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    It's all about money. No pun intended.
     
    Collecting Nut, Jul 6, 2015
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  10. jello

    jello Not Expert★NormL®

    Yeah your right basically.
    :)
     
    jello, Jul 6, 2015
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  11. messydesk

    messydesk Well-Known Member

    This is not necessarily true. The ANA grading standards shifted several years ago to become more aligned with market grading. All we can say for sure is that PCGS, NGC, ANACS, ICG, ANA are independent of each other and can therefore have independent grading standards, although it's in their best interest if they're well aligned with each other. Only the ANA standards are insulated from grading fees.
     
    messydesk, Jul 6, 2015
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  12. Kirkuleez

    Kirkuleez 80 proof

    When I am buying, they are all wrong until I agree with them based on my own examination. Not to say that I get it right all of the time.
     
    Kirkuleez, Jul 6, 2015
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  13. longnine009

    longnine009 Darwin has to eat too. Supporter

    The point everyone is missing is: They are not Photograde. :D
     
    longnine009, Jul 6, 2015
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  14. mikem2000

    mikem2000 Lost Cause

    I doubt it, there is very little incentive to re-grade your coin, if the belief is that standards are gettign tighter. On the other hand, if it believed standards are getting looser, well, that is a lot of new submissions.
     
    mikem2000, Jul 6, 2015
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  15. geekpryde

    geekpryde Husband and Father Moderator

    You need to think of it from a Marketing perspective. It would be something like

    "Get your coins out of those OLD, over-graded, inflated, irrelevant holders, and into our NEW accurately graded holders. Protect your investment, increase your liquidity. Don't let the loose grading standards of the past act as a dead-weight around the neck of your collection. VTG is the name sellers and buyers trust!" (Very Tight Grading)
     
    geekpryde, Jul 6, 2015
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  16. longnine009

    longnine009 Darwin has to eat too. Supporter

    You can take the Keynesian out of the PM room but you can"t take the inflation out of the Keynesian. :p

    Just ribbing ya Mike.
     
    longnine009, Jul 6, 2015
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  17. longnine009

    longnine009 Darwin has to eat too. Supporter

    That pretty much is why PCGS was formed in the first place.
     
    longnine009, Jul 6, 2015
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  18. GDJMSP

    GDJMSP Numismatist Moderator

    They did huh ? You're gonna have to show me where John, because to my knowledge they sure didn't.
     
    GDJMSP, Jul 6, 2015
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  19. GDJMSP

    GDJMSP Numismatist Moderator

    Where have I heard that before ?
     
    GDJMSP, Jul 6, 2015
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  20. geekpryde

    geekpryde Husband and Father Moderator

    :D
     
    geekpryde, Jul 6, 2015
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  21. JPeace$

    JPeace$ Coinaholic

    OH NO, the can of worms has been opened once again!

    That Model "T", they don't build 'em like that anymore!
     
    JPeace$, Jul 6, 2015
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