Then, in 1986, coin grading would have another name attached with the founding of PCGS through co-founder John Albanese. Dissatisfied with the company's direction, he founded his own, NGC, the following year. Although Sheldon's namesake remains on the scales still used today, 1987 was a pivotal year which turned the coin market on it's head. A new revised scale grew to 30 grades within the same three categories of circulated, uncirculated and mint state. So essentially, had you bought a mint state 60 in 1985 for say, twenty dollars, and it now graded mint state 63, the price jumped $40. Or it might have gone the other way. What ever the case maybe, prices shifted dependent upon this new scale. And by large percentages. Despite the visions of one man, collectors themselves gave rise to third party grading as we know it. On the flip side though, with PCGS and NGC, investors were the true winners. This was also a time when coins were traded sight unseen based on the grade of a coin. However, it does not seem to apply as today. Once more, coin grading has been revised with Certified Acceptance Corporation (CAC) entering the market in 2007. Again, founder John Albanese, has broken down each grade through what's known as green and gold beans. Now, while some believe these to be a good thing, it should be clear that it is nothing more than a perception of the fact. While the advent of the internet may be largely to blame for the demise of buying sight unseen, CAC stickered slabs tend to sell irregardless. Perhaps this is nothing short of the latest craze. But what's interesting about CAC is that the same individual who played a founding role in both major grading firms only certifies from those two companies. Is that simply coincidence? Hardly when a coin grading one grade on the slab becomes higher in value than that of the next. Which contradicts a star at NGC and a plus at PCGS when they are defined as the same. So, what am I saying here? With absolute certainty value is set by the market. But which market? With only two choices it is apparent that the collector is in some ways pushed from the market. As if we, the collectors, become irrelevant to profit. Not to be misunderstood, in no way am I complaining as to how things are at the moment. In truth, I see this as a good thing considering non-CAC coins are holding steading or in some cases dropping in price as more and more swarm towards the beans. Pick any auction site and you'll see this. What does concern me, in fact it becomes disheartening, is how grading companies conduct themselves and thereby drive off the average collector. Especially the newcomers. To finish, I ask one simple question. Why can we not get back to what Dr. Sheldon created?