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<p>[QUOTE=&quot;19Lyds, post: 2301936, member: 15929&quot;]Look Folks, the TPG&#039;s got into the coin grading business to address a problem which had been plaguing the Coin Market. Specifically the grading of a coin for sell or trade on the open Coin Dealer&#039;s Market.</p><p><br /></p><p>Too often, see requests would come though over the Teletype machine for BU this or BU that only to have the seller deliver a bunch of slider coins which everybody knows are AU. These disputes were usually worked out but the fact remained that there was no authority on coin grading. Sure, there were experts around whose grading opinion were highly valued but these folks weren&#039;t in the business of grading coins other than what they were selling.</p><p><br /></p><p>PCGS&#039;s idea was to come up with a company which would grade coins &quot;for dealers&quot; (us peons weren&#039;t allowed to get coins graded until 2002 with the advent of the Collectors Club) based upon a panel of &quot;experts&quot;. Those &quot;experts&quot; reached a consensus grade for submitted coins and the Company, in turn, would guarantee those grading opinions with a &quot;market value&quot; cash guarantee.</p><p><br /></p><p>In other words, &quot;collectors&quot; were not the intended audience for Professional Coin Grading. Coin Dealers were and you had to have a substantial footprint in the Coin Market to become an Authorized PCGS Coin Dealer that could submit coins for grading.</p><p><br /></p><p><br /></p><p>So, what the TPG&#039;s are and always have been are nothing more than at least 3 professional graders, offering their opinion on the grade of a coin for a price.</p><p><br /></p><p>Since the grade of a coin is directly related to it&#039;s market value, not every coin in every series is graded the same way. In other words, there are NO technical requirements for a coin to be a specific grade.</p><p><br /></p><p>That is true even today since all too often, folks post pictures of coins offered at various venues with the question of &quot;How did this coin get that grade?&quot; or &quot;Why was this coin even graded since it obviously has scratches!&quot;</p><p><br /></p><p>Whether the TPG&#039;s get it right or whether the TPG&#039;s get it wrong is totally dependant upon whether or not the coin sells and for what price it sells for.</p><p><br /></p><p>&quot;MY&quot; only concern with how a TPG grades my coins totally revolves around me selling them. I would like to be able to sell them for the highest price possible when the time comes to sell them. However, I am fully aware of the fact that what I paid $200 for might not be worth $10 in the coming years simply because the coin market, amongst us &quot;dweebs&quot;, is a very fickled market. Just like it was back when the 1950-D Jefferson was commanding as much as $75 apiece and back when the 1973-S Silver Proof Eisenhower Dollar was getting $300 per coin.</p><p><br /></p><p>So, whether they are right or whether they are wrong is totally up to the collector because we already know that virtually EVERY coin dealer out there will say that the coin they have for sale is &quot;under graded&quot;.</p><p><br /></p><p>Like wise absolutely ZERO Coin Dealers out there will return a coin to a TPGm that they submitted for grading, with the note that says: &quot;I&#039;ve looked at this coin over and over again and truly believe that you&#039;ve over graded it by at least 2 points. Please put it in an MS60 Slab&quot;[/QUOTE]</p><p><br /></p>

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