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<p>[QUOTE=&quot;vavet, post: 404873, member: 11630&quot;]When I was first introduced to the term &quot;market grading&quot; many many years ago, it was defined in terms of market strength. When the market was hot and the demand for certain coins in certain grades exceeded supply, those coins that were just short of the next grade would get bumped up in order to satisfy demand. Conversly, in a slow market, where supply exceeded demand, those same coins would get downgraded because collectors had plenty of options to choose from and overgraded coins would sit in the dealers stock for eternity. It was based soley on what the market would accept based on supply and demand. There was no defined set of &quot;standards&quot; for market graded coins.</p><p>&nbsp;</p><p>It wasn&#039;t until the ANA, that very organization that established the new 70 point grading standards in 1977 abdicated their responsibility to maintain those standards that we now have alleged ANA standards that in fact are nothing more than a reporting of what the market manipulators have been able to accomplish.</p><p>&nbsp;</p><p>Just like PCGS &quot;created&quot; a market for slabbed coins and CAC is &quot;creating&quot; a market for their services, those in a position to &quot;create&quot; market grading standards will do so in the name of profit.&nbsp; </p><p>&nbsp;</p><p>This whole discussion would be moot if collectors stopped looking at the label and simply evaluated the coin in terms of what they desire for their collection and what they feel is a fair price. Think about it. Do you really want your coins graded based on what someone else is willing to accept?[/QUOTE]</p><p><br /></p>

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