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<p>[QUOTE=&quot;GDJMSP, post: 2967056, member: 112&quot;]Looking at the coin in question, even when I blow it up 400%, I can&#039;t tell for sure what that mark is, but it&#039;s definitely not a contact mark. My guess is it&#039;s a stain of some kind, but there is no denying that it is there. And that it is major and detracting. Given that, according to ANA standards that coin can grade no higher than a 63. And that&#039;s the answer to your question - a Morgan, with a mark like that and in that location cannot be graded 64.</p><p><br /></p><p>So how is it justified that the TPGs thought otherwise, let alone that in today&#039;s world they would probably, I think almost certainly, grade it 65 ? Easy answer, they don&#039;t and never have followed ANA grading standards. TPG grading standards were, even back then, much more lenient than ANA standards. And in today&#039;s world, they are even more lenient than they ever have been.</p><p><br /></p><p>Me, I grade coins based on ANA standards, always have and always will. And to resolve the mess with grading that we find ourselves in today, I think we need to do the same thing I wrote about almost 20 years ago - adopt a single and static grading standard for everybody, all of the TPGs, and all collectors, based on and following ANA grading standards.[/QUOTE]</p><p><br /></p>

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