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<p>[QUOTE=&quot;GDJMSP, post: 1074645, member: 112&quot;]OK - so just how is it that inconsistency leads to gradeflation ? Are you proposing the idea that because when the TPGs made a mistake and over-graded the occassional coin back then that all subsequent coins of the same type were then also over-graded ? Or what ?</p><p><br /></p><p>I ask that for a specific reason. A reason that I have explained before many times but yet you have always rejected the notion. My reason is this.</p><p><br /></p><p>Yes, the TPGs made mistakes now and then, they always have. Sometimes they over-graded coins and sometimes they under-graded coins. But most of the time, the vast majority of the time, they used to get it right. However, when they over-graded a coin and then that over-grading was noticed, and believe me it was always noticed even if the coin was not sent back in, they would revert back to the old standard. But if they did not see complaints about the coin being over-graded, and the coin sold for 65 money (instead of 64 money) then they really stood up and noticed. And subsequently the coins that used to be a 64 suddenly start becoming 65&#039;s because the market was willing to accept it.</p><p><br /></p><p>That&#039;s how gradeflation comes about ! When the TPGs see that the market is willing to accept 64 coins in 65 slabs, that&#039;s when the grading standards change.</p><p><br /></p><p>Oddly enough they will change again some day. And that day will be when enough collectors start complaining about it, when enough recognized names in the numismatic community start writing about it, when enough coins start getting sent in under the grade guarantee - then the grading standards will revert back to what they used to be. 64&#039;s will once again be 64&#039;s.</p><p><br /></p><p>But as long as we are willing to let it slide, as long as we are willing to say that the TPGs could not possibly be wrong because they are after all the TPGs - they will go right on doing it. And not only that, they will progress and it will get worse.[/QUOTE]</p><p><br /></p>

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