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Message:: [QUOTE="GDJMSP, post: 2284979, member: 112"]I have no problem with the system itself. What I do have a problem with is that there is no universal set of grading standards. And that the TPGs don't even adhere to the standards they do have, their own published grading standards. The 70 point grading system would be just fine, IF everybody, all TPGs, all dealers, all collectors, used the same, unchanging, set of grading standards and actually followed them. The problem is nobody wants that to happen because if it did most of their coins would be downgraded from what they already are, or no graded. Oddly enough, back in '86 when the ANA created the current grading system, what I described above is exactly what WAS supposed to happen. But even before the books could be published the folks that started PCGS (and a year later NGC) decided that the ANA system was too strict, so they came up with their own set of more lenient grading standards. And since then they have loosened those already lenient standards ever more. And done it several times as the years passed. Leaving us with what we have today - a hodgepodge of constantly changing grading standards and for the most part over-graded coins.[/QUOTE]