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<p>[QUOTE=&quot;GDJMSP, post: 8298740, member: 112&quot;]No they do not ! The ANA was the very first to use market grading - they invented it in 1986. Several months before PCGS even existed.</p><p><br /></p><p>Now granted, there was a time when the ANA did use the technical grading system, and those technical standards can be found in the 1st edition (1977) and 2nd edition of their grading book. But in 1986, which is when they wrote the 3rd edition of their book, they changed everything and created market grading. An entirely new and completely different grading system. But it had absolutely nothing to do with the value of a coin - a coin could be graded MS65 regardless of how much it was worth. And if the price changed, regardless of how much or how little, it stayed graded as MS65. Because grade was and still is, determined by the established grading criteria - not the value of the coin.</p><p><br /></p><p>Today, people think the grade is established by the value of the coin, and that&#039;s why they call it market grading.[/QUOTE]</p><p><br /></p>

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