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<p>[QUOTE=&quot;GoldFinger1969, post: 25988435, member: 73489&quot;]<b><span style="color: #ff0000">John Albanese talks about how in 1985 the Type-2 $1 Gold Coin Market</span></b> got &quot;infected&quot; by market grading not because of nefarious intentions but because the market dictated (interview from late-2022 so the price quoted for the $1 Gold Dollar was 2+ years ago):</p><p><br /></p><p><i>I remember going back to 1985 when the hottest part of the market, the white-hot part of the market was the gold type sets. Marketing companies were selling them as MS63. And there are certain coins in gold type sets, certain coins that were really the toughest ones, like <b>Type-2 $1 gold pieces</b>, and <b>five Indians</b>, for example. </i></p><p><i><br /></i></p><p><b><i>All of a sudden, literally, what is today’s $800 to $1,000 super slider Type-2 $1 </i></b><i><b>piece was an MS63.</b> It was $15,000 and people are paying $12,000 or $13,000, selling them for $15,000. To me, it was a head scratcher.</i></p><p><i><br /></i></p><p><i>I remember sitting down with a large group of– it was probably the 32 original guys that made markets– and the guys at PCGS.&nbsp; We talked about grading status. I remember saying, &quot;Hey, these are 58.&quot;&nbsp; And some said, &quot;You can’t call those 58. They’re worth $15,000. They’re selling at 63.&quot; I said, &quot;Yeah, but that’s now. There could be a day when they’re going to be AU again.&quot;</i></p><p><i><br /></i></p><p><i>Fortunately, I think that the more technical rules prevail because PCGS never got into that trap in 1986 upgrading AU Type-2 ones 63. Fortunately by then, that market had collapsed. For those dealers, sales came way down and then all of sudden, grading got conservative.</i>[/QUOTE]</p><p><br /></p>

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