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<p>[QUOTE=&quot;GDJMSP, post: 2513467, member: 112&quot;]Well that&#039;s the excuse PCGS used to try and get the public to buy into it, but it was a lame and completely invalid excuse.</p><p><br /></p><p>The truth is that prior to 2007 PCGS had a company policy that they would only grade a handful of coins as MS70. And it wasn&#039;t just ASEs, it was any and all coins. It wasn&#039;t that they would not grade a 70, because they most definitely did grade some as a 70, and they always had. They just made sure that there were very, very few of them.</p><p><br /></p><p>Then in 2007 they did a complete reversal on their company policy regarding their grading standards for the 70 grade. The statement they gave out to the public only talked about ASEs, they claimed that they had previously refused to grade ASEs as 70&#039;s because they were afraid that the coins &quot;turn in the holder&quot; forcing them to honor their guarantee and buy back the coins. They claimed that from that point on if an ASE was worthy of the 70 grade when it was submitted, then they would grade it a 70.</p><p><br /></p><p>But something quite different happened that most of the public never even noticed. Yeah, they suddenly started grading ASEs as 70&#039;s. But at the same time they suddenly started grading everything else as 70&#039;s too. It was like somebody has just thrown a light switch and PCGS 70 coins started appearing all over the place.</p><p><br /></p><p>In a month or two it went from a tiny fraction of 1% of a given issue being graded a 70, to as much as 86% of a given issue being graded a 70 by PCGS. And that 86% is a real world number, there was even an article written about in Coin World. In other words there was a particular issue, it was a commem but I can&#039;t recall which specific one of the top of my head, and from all of those commems that were submitted to them, and it numbered in the thousands, 86% or of them were graded a 70.</p><p><br /></p><p>The year prior, just a tiny fraction of 1% were graded 70&#039;s, and a couple months later that number jumped to 86% ! Now that&#039;s what ya call a change in grading standards !</p><p><br /></p><p>And it wasn&#039;t just that 1 issue, that specific commem, it was with all the special issues, the Proofs, the commems, the collector editions. Suddenly, almost overnight, the numbers of PCGS 70s just exploded. 86%, 79%, 60%, the percentage numbers varied, but across the board all special issues being submitted, well over 50% of the entire number being submitted came back as 70&#039;s.</p><p><br /></p><p>No they didn&#039;t do it with regular business strike coins, they weren&#039;t that stupid. But even the grades of the business strikes suddenly spiked. It was a repeat of the loosening in grading standards they had in 2004, only this time they took it to a whole new level. </p><p><br /></p><p>Now a lot of people will say oh bull, that never happened. Well it did happen ! It&#039;s documented. There were articles written about it the coin mags, and PCGS&#039;s own published pop reports, and I mean in black and white and written on paper and published in book form - prove it.</p><p><br /></p><p>And if you&#039;ve never seen one, they look like this - </p><p><br /></p><p>[ATTACH]534957[/ATTACH][/QUOTE]</p><p><br /></p>

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