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<p>[QUOTE="GDJMSP, post: 8464545, member: 112"]It seems we remember things a bit differently about the advent of market grading.</p><p><br /></p><p>The ANA meetings and discussions about the new grading system began in 1984-85. David Hall, and a few others who were later part of PCGS, were at those meetings and participated, and contributed to developing the new market grading system. The ANA's new grading book, the 5th edition was actually written before PCGS was founded in 1986. But because publishing takes a bit of time the copyright date for the book is 1987. But it was all decided and written before PCGS ever existed.</p><p><br /></p><p>And if you'll also think back Mike you recall that the 1st year PCGS was open, 1986, they actually tried to follow, for the most part anyway, the grading standards established by the ANA's new market grading system. But, and it's a big but, by 1987 David Hall had decided that the ANA's grading standards in that book were too strict for him and so he loosened the grading standards for PCGS. There are video's, and several articles, where David Hall himself talks about this.</p><p><br /></p><p>So yes, the ANA did invent market grading. And yes, David Hall, and numerous other dealers and well known names in numismatics helped develop that grading system. The ANA did not copy what PCGS (and in 1987 NGC) did - it was the other way around. The TPGs copied the ANA, only the TPGs loosened their standards so they could make their customers happy.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 8464545, member: 112"]It seems we remember things a bit differently about the advent of market grading. The ANA meetings and discussions about the new grading system began in 1984-85. David Hall, and a few others who were later part of PCGS, were at those meetings and participated, and contributed to developing the new market grading system. The ANA's new grading book, the 5th edition was actually written before PCGS was founded in 1986. But because publishing takes a bit of time the copyright date for the book is 1987. But it was all decided and written before PCGS ever existed. And if you'll also think back Mike you recall that the 1st year PCGS was open, 1986, they actually tried to follow, for the most part anyway, the grading standards established by the ANA's new market grading system. But, and it's a big but, by 1987 David Hall had decided that the ANA's grading standards in that book were too strict for him and so he loosened the grading standards for PCGS. There are video's, and several articles, where David Hall himself talks about this. So yes, the ANA did invent market grading. And yes, David Hall, and numerous other dealers and well known names in numismatics helped develop that grading system. The ANA did not copy what PCGS (and in 1987 NGC) did - it was the other way around. The TPGs copied the ANA, only the TPGs loosened their standards so they could make their customers happy.[/QUOTE]
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