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<p>[QUOTE=&quot;medoraman, post: 1000274, member: 26302&quot;]Sorry, I know I am known for hating slabs, but I just read an article in the latest Numismatic News that blew me away. The article was about how to grade MS61 coins. The article, (I do not have it in front of me right now, so excuse any paraphrasing), stated that MS60 is never used as a grade now, that MS61-63 can have noticable wear, and that &quot;older collectors need to suspend everything they know about coin grading to understand this article&quot;.</p><p><br /></p><p>Wow. TPG&#039;ers freely admit that worn coins will freely be slabbed as mint state. Isn&#039;t this fraud? I mean, if they did away with MS nomenclature, I could understand it, but to call a demonstrably circulated coin Mint State? I would think that on the very face this is fraudulent, as those two things are mutually exclusive, and have been for about as long as US coin collecting has been around. To me, this is about the biggest lie that has ever been foisted upon this hobby, and they are open about it.</p><p><br /></p><p>I guess this is what you get when they can make up their own grades and have no one but themselves to account to for their lies. I usually hate lawyers, but I wish one would buy a circulated MS62 and get ticked off enough to take them to court. After being on this board and talking about US coins again I was considering getting back into US collecting, but if this truly is the state of the hobby I am so glad I didn&#039;t. What a sad, pathetic state grading is in now.</p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. I know many will think this too harsh, but mint state is mint state, no two ways about it. Mint state always has had one absolute condition, NO CIRCULATION WEAR.[/QUOTE]</p><p><br /></p>

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