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<p>[QUOTE=&quot;NPCoin, post: 404774, member: 5629&quot;]There are differing opinions and interpretations because there are differing standards.&nbsp; And I&#039;m not talking with regards to market grading.&nbsp; There are also differing interpretations of what applies to technical grading.&nbsp; It is these differences in opinion that make discussion regarding technical grading vs. market grading difficult.</p><p><br /></p><p>Each and every one of us grade both on a technical level as well as a market level.&nbsp; The weight we attribute to each is different.&nbsp; Grading occurs on both the technical level as well as the market level and that is why I have said that grading <b>is</b> subjective...completely.</p><p><br /></p><p>I believe that it is because we all grade on both grounds on a consistent basis that the line between the technical grade and the market grade are blurred.&nbsp; GD had brought some issues up regarding technical grading from the 1st Edition ANA Standards, including the sub-noting of market aware detractions or enhancements, namely strike weakness.</p><p><br /></p><p>GD has made a point in previous threads also that the ANA Standards have, over the years, become more and more market aware...in other words, more market grading based.&nbsp; From the fifth edition of the ANA Standards, Bill Fivaz has this to say:</p><p><br /></p><p><br /></p><p><br /></p><p>This is the primary point I believe GD is trying to get at.&nbsp; That strike does not contribute to the technical grade of a coin.&nbsp; If you are using newer ANA standards or guidelines, then you have market grading mixed into the formula.&nbsp; When the fifth edition standard states, &quot;Must have above average quality of strike and full original mint luster, with no more than two or three minor but noticeable contact marks&quot;, this is market grading.</p><p><br /></p><p>In discussing market grading, the fifth edition ANA Standards state:</p><p><br /></p><p><br /></p><p><br /></p><p>To reiterate, in accordance with market grading, a weakly struck coin cannot qualify as an MS-65 or higher grade.&nbsp; Plain and simple.&nbsp; So when you go through the standards and see must have this strike, or strike is such and such, that is insertion of market grading &quot;standards&quot;, although <b>technically</b> the coin is MS-65.</p><p><br /></p><p>Read the ANA&#039;s qualification on this again:&nbsp; a <b>technical</b> MS-65 that is lightly struck must be a <b>market</b> MS-64 or lower.&nbsp; A weakly struck coin cannot be an MS-65...<b>market</b> graded.[/QUOTE]</p><p><br /></p>

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