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<p>[QUOTE=&quot;Lehigh96, post: 2017757, member: 15309&quot;]I read all of your quotes, and not one person ever stated that the TPGs have loosened their grading standards.&nbsp; All they said was that they have seen overgraded coins.&nbsp; Guess what, so have I and everybody else.&nbsp; But if you were to ask every expert, they will also tell you that they have seen many coins that were graded correctly as well.&nbsp; Take Laura Sperber for example.&nbsp; She routinely talks about other dealers selling DRECK, yet she never classifies the material that she sells as overgraded.&nbsp; In fact, she routinely states that the coins she sells for Legend are undergraded.&nbsp; How could the TPGs possibly be undergrading coins if the standards were loosened?</p><p><br /></p><p>The quote that sums up the state of grading within the TPGs is this one:</p><p><br /></p><p>&quot;<i>I thought that grading was decent but unspectacular in 2011. I still see coins in new holders that are doctored and some that seem so blatantly so that it makes me scratch my head and ask “how did they ever miss that?” <span style="color: #ff0000">But the level of consistency that I experienced, personally, in 2011, from both PCGS and NGC was pretty impressive. I think something that everyone has to remember is that you usually don’t see the coins that are undergraded or even properly graded in dealer’s inventories or in auctions. Those coins are easy to sell and they get placed with good clients. What you usually see are the overgraded coins that are “hits” for the submitters.</span></i>&quot;</p><p><br /></p><p>Furthermore, when he says &quot;overgraded coins that are hits for the submitters&quot; it includes the coins that would be considered PQ for the lower grade but end up being &quot;C&quot; coins for the higher grade.</p><p><br /></p><p>Contrary to your belief that almost every coin is overgraded, if you read the quotes that you posted, it is clear that the experts believe that there are plenty of properly graded coins and <span style="color: #0000ff">SOME </span>that are overgraded.&nbsp; After all, that is the entire marketing strategy of the CAC, to separate the wheat from the chaff within a grade.&nbsp; If every coin that the TPGs handled were overgraded, how would any coin ever get a CAC green sticker?&nbsp; And just to give you an idea, CAC has stickered almost 50,000 Morgan Dollars alone.&nbsp; Is it your contention that the CAC is only stickering coins encapsulated prior to 2004?</p><p><br /></p><p>As for you evidence from PCGS, it needs to relate to a change in standards regarding numerical grades.&nbsp; I have always agreed that they have changed standards in the form of expanding market grading principles and have reiterated this point many times over the last week.&nbsp; But if you can provide evidence from PCGS that they have loosened their standards for numerical grades across the board, I will become a believer.&nbsp; But you have no such evidence!&nbsp; If you did, you would have showed it long ago!</p><p><br /></p><p>The key to this whole conversation boils down to 2 simple truths.&nbsp; First, that you believe that almost every TPG graded coin is overgraded.&nbsp; Second, you believe that you are never wrong despite a mountain of evidence showing you that you are.[/QUOTE]</p><p><br /></p>

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