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How on Earth could PCGS have graded this coin problem free?!!!
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<p>[QUOTE="Lehigh96, post: 2016297, member: 15309"]I google searched "PCGS overgrading" and found the following articles.</p><p><br /></p><p><a href="http://www.cmi-gold-silver.com/article/pcgs-ngc-coins-grading-services/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cmi-gold-silver.com/article/pcgs-ngc-coins-grading-services/" rel="nofollow">PCGS, NGC Coin Grading Scam Alert</a></p><p><br /></p><p>Turns out this article is not about PCGS overgrading, rather how the TPGs were instrumental in ending overgrading. Here is a quote from the article.</p><p><br /></p><p><span style="color: #0000ff">"Grading services came to life because of the rampant practice of overgrading, which led to major rip-offs of unsuspecting gold coin buyers. The slabbing of coins has pretty much ended the practice of overgrading."</span></p><p><br /></p><p><a href="http://www.usgoldexpert.com/articles/the-10-greatest-myths-of-slabbed-coins/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.usgoldexpert.com/articles/the-10-greatest-myths-of-slabbed-coins/" rel="nofollow">THE 10 GREATEST MYTHS OF ‘SLABBED’ COINS</a></p><p><br /></p><p>Myth #4: Slabbing has established a completely fixed, totally consistent grading standard.</p><p><br /></p><p>But if you go on to read Travers comments about this myth, it relates more to the inherent subjectivity of coin grading than a deliberate loosening of grading standards. I have often stated that gradeflation is the result of subjectivity. While some graders might consider a coin a high end MS65, other graders might consider that same coin a low end MS66. If there is a large enough jump in price from MS65 to MS66, eventually that coin will reside in an MS66 holder.</p><p><br /></p><p>As an aside, Travers also discusses the internal use of A,B,C to describe incremental grading within a numerical grade while he worked as a grader for NGC in the late 80's. Sounds like the foundation of the CAC was created very early on in the grading rooms.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 2016297, member: 15309"]I google searched "PCGS overgrading" and found the following articles. [URL='http://www.cmi-gold-silver.com/article/pcgs-ngc-coins-grading-services/']PCGS, NGC Coin Grading Scam Alert[/URL] Turns out this article is not about PCGS overgrading, rather how the TPGs were instrumental in ending overgrading. Here is a quote from the article. [COLOR=#0000ff]"Grading services came to life because of the rampant practice of overgrading, which led to major rip-offs of unsuspecting gold coin buyers. The slabbing of coins has pretty much ended the practice of overgrading."[/COLOR] [URL='http://www.usgoldexpert.com/articles/the-10-greatest-myths-of-slabbed-coins/']THE 10 GREATEST MYTHS OF ‘SLABBED’ COINS[/URL] Myth #4: Slabbing has established a completely fixed, totally consistent grading standard. But if you go on to read Travers comments about this myth, it relates more to the inherent subjectivity of coin grading than a deliberate loosening of grading standards. I have often stated that gradeflation is the result of subjectivity. While some graders might consider a coin a high end MS65, other graders might consider that same coin a low end MS66. If there is a large enough jump in price from MS65 to MS66, eventually that coin will reside in an MS66 holder. As an aside, Travers also discusses the internal use of A,B,C to describe incremental grading within a numerical grade while he worked as a grader for NGC in the late 80's. Sounds like the foundation of the CAC was created very early on in the grading rooms.[/QUOTE]
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How on Earth could PCGS have graded this coin problem free?!!!
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