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<p>[QUOTE=&quot;Leadfoot, post: 1074693, member: 2972&quot;]I think there are two things going on here....</p><p><br /></p><p>First, gradeflation is real.&nbsp; There are many instances of more conservatively graded coins graded years ago upgrading.&nbsp;&nbsp; While I haven&#039;t seen it in the past 6 years or so, other coin collectors who I trust and have good grading eyes confirm it.&nbsp; I believe them.</p><p><br /></p><p>Second, overgraded coins tend to remain in overgraded holders.&nbsp; Said a bit differently, nobody in their right mind would EVER crack out that Peace dollar because it would not likely grade that again.&nbsp;&nbsp; Put that coin in a 63 holder, and it wouldn&#039;t last long.&nbsp; This is not necessarily a change in grading standards, but a side effect of the subjective nature of grading (i.e. the &quot;error rate&quot; of grades).&nbsp;&nbsp; When this happens again and again over time the end result is that coins tend to seek the highest grade possible.</p><p><br /></p><p>Both of these factors, IMO, have led to the apparently more relaxed grading standards and slabbed coins of today.[/QUOTE]</p><p><br /></p>

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