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Have TPG'ers truly jumped the shark? (NN article)
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<p>[QUOTE="tommybee, post: 1000305, member: 24999"]I read the same article yesterday. I'm pretty sure he's one of the guys who teaches grading at the ANA summer camp. Maybe his name is Fazzoli? I think that's right.</p><p> </p><p>If a coin has been slabbed as an MS 62, or MS anything, I expect an uncirculated coin. Fazzoli wrote an article earlier this year which forwarded the argument that AU quarter eagles (incuse design) are routinely graded MS. </p><p> </p><p>Grade inflation is one thing. To me, that's a 63 that's graded a 64. I can tolerate that. However, I always assume, in that situation, that the coin is UNC and I am mostly looking for bag marks, sharpness of strike, etc., to decide what grade of MS it is. In most series there is a pretty big price difference between AU 58 and MS 62/63. The TPG's better be careful. If I spend extra money for numismatic value based on the coin being an MS and its not an MS, I won't be very happy.</p><p> </p><p>I'm a litigation attorney. Lawsuits are a last resort. I'm pretty sure it would be a standard fraud case and I agree that grading is, to some degree, subjective. However, wear is OBJECTIVE. At least it should be to PCGS and/or NGC.[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 1000305, member: 24999"]I read the same article yesterday. I'm pretty sure he's one of the guys who teaches grading at the ANA summer camp. Maybe his name is Fazzoli? I think that's right. If a coin has been slabbed as an MS 62, or MS anything, I expect an uncirculated coin. Fazzoli wrote an article earlier this year which forwarded the argument that AU quarter eagles (incuse design) are routinely graded MS. Grade inflation is one thing. To me, that's a 63 that's graded a 64. I can tolerate that. However, I always assume, in that situation, that the coin is UNC and I am mostly looking for bag marks, sharpness of strike, etc., to decide what grade of MS it is. In most series there is a pretty big price difference between AU 58 and MS 62/63. The TPG's better be careful. If I spend extra money for numismatic value based on the coin being an MS and its not an MS, I won't be very happy. I'm a litigation attorney. Lawsuits are a last resort. I'm pretty sure it would be a standard fraud case and I agree that grading is, to some degree, subjective. However, wear is OBJECTIVE. At least it should be to PCGS and/or NGC.[/QUOTE]
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