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<p>[QUOTE=&quot;mikenoodle, post: 1743994, member: 307&quot;]well thought out and developed argument!</p><p><br /></p><p>While Sheldon&#039;s system (as you pointed out) breaks down due to changes in markets over time, the current idea of Third Party Grading is a grade reflective of the coins state of preservation and eye appeal rather than value. IOW, the Sheldon system has been applied to a more technical approach. </p><p><br /></p><p>The idea of market grading is not the grading of coins based solely on their value, but rather bumping up the grade or relaxing the grading standard based on the value of the coin. A &quot;preferential&quot; treatment from the TPG based solely on the fact that the coin is valuable or rare.[/QUOTE]</p><p><br /></p>

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