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<p>[QUOTE=&quot;calcol, post: 2469767, member: 77639&quot;]Yes, it was an interesting article.&nbsp; Thanks for posting the link.&nbsp; For me the initial points are that grade-flation does exist and the market reacts accordingly by pricing the coin, not the slab.&nbsp; After that it&#039;s a little muddy.&nbsp; If the market always (i.e. efficiently) reacts accordingly, then the only problem is that the historical records of grades and prices are skewed.&nbsp; Getting valid present and past comparisons of coins sold would not only have to consider monetary inflation, it would have to include an increment of grade inflation as well.</p><p><br /></p><p>A greater concern is if the market does not always act accordingly or at least not consistently.&nbsp; The main danger is to those new to the hobby. They may pay an AU price for an XF coin because that&#039;s the grade on the slab.</p><p><br /></p><p>Another concern is the perceived need to have coins regraded every few years to try for a higher grade.&nbsp; If the coin does get a higher grade, the owner is better off with regard to its value.&nbsp; If judged by experienced collectors or dealers, its value may not change, but if sold to a newcomer, a higher price may be received.&nbsp; Of course, the owner is out the cost of regrading, which adds to the gross income of the grading company.&nbsp; There is limit to how far grade inflation can go (unlike monetary inflation).&nbsp; Even with a subjective process of ranking, there comes a &quot;no way&quot; point.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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