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How on Earth could PCGS have graded this coin problem free?!!!
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<p>[QUOTE="KSorbo, post: 2019566, member: 56370"]Actually the data is easy to argue with, as it shows that there were 661,496 pre-1965 classic coins graded MS69 by PCGS as of 2005. So far I've identified a grand total of 63 of these that have been sold to date on Heritage and not even all of them were graded by PCGS, so where are all the others? If there really are over 600,000 of them then shouldn't completed auction reports be full of them?</p><p><br /></p><p>The data shows what it shows, which is that there was a large influx of modern coins certified during a 2 year period, hence the large increase in higher grades.</p><p><br /></p><p>I respect your and other CT members' experience and expertise which is why I started this thread to begin with. Grading is subjective which means that a lot of the information is anecdotal. If you are saying that you personally have observed a trend of looser standards over the past several years, then I consider that to be more valid than my own observations, since you have looked at a lot more coins than I have. I just don't think that the particular data set you presented makes a good case.</p><p><br /></p><p>Therefore I would like to propose making the data set more narrow. Why can't we take a particular classic coin series such as Morgan Dollars and make a year to year comparison of PCGS populations for each grade? For instance, if the overall certified population of Morgans increased by 20% in a 2 year period and this increase was concentrated disproportionately in the higher grades, then that would definitely point more conclusively to grade inflation. </p><p><br /></p><p>Maybe somebody has this type of data at their disposal?"[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 2019566, member: 56370"]Actually the data is easy to argue with, as it shows that there were 661,496 pre-1965 classic coins graded MS69 by PCGS as of 2005. So far I've identified a grand total of 63 of these that have been sold to date on Heritage and not even all of them were graded by PCGS, so where are all the others? If there really are over 600,000 of them then shouldn't completed auction reports be full of them? The data shows what it shows, which is that there was a large influx of modern coins certified during a 2 year period, hence the large increase in higher grades. I respect your and other CT members' experience and expertise which is why I started this thread to begin with. Grading is subjective which means that a lot of the information is anecdotal. If you are saying that you personally have observed a trend of looser standards over the past several years, then I consider that to be more valid than my own observations, since you have looked at a lot more coins than I have. I just don't think that the particular data set you presented makes a good case. Therefore I would like to propose making the data set more narrow. Why can't we take a particular classic coin series such as Morgan Dollars and make a year to year comparison of PCGS populations for each grade? For instance, if the overall certified population of Morgans increased by 20% in a 2 year period and this increase was concentrated disproportionately in the higher grades, then that would definitely point more conclusively to grade inflation. Maybe somebody has this type of data at their disposal?"[/QUOTE]
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How on Earth could PCGS have graded this coin problem free?!!!
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