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<p>[QUOTE=&quot;Lehigh96, post: 462547, member: 15309&quot;]I would like to find out what everyone thinks about the practice of NET grading by TPG&#039;s.&nbsp; With PCGS venturing into the practice of slabbing problem coins, I think this is a good time to discuss this topic.</p><p><br /></p><p>PCGS has stated that they will only attribute the coin as Genuine and will place a disclaimer on the label stating that the coin is not gradable.&nbsp; Other TPG&#039;s use a system whereby the indicate the level of detail on the coin and then provide a net grade that reduces the grade due to it being a problem coin.&nbsp; The auction listing below from Heritage shows a harshly cleaned bust quarter that was graded a while ago by ANACS.&nbsp; The coin is AU in detail but has been net graded to XF40 due to the cleaning.</p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1118&amp;Lot_No=7647" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1118&amp;Lot_No=7647" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1118&amp;Lot_No=7647</a></p><p><br /></p><p>My problem with this is two fold.&nbsp; First, the coin is not an XF coin.&nbsp; It is an AU coin with a problem.&nbsp; Secondly, why does the TPG get to make an arbitrary assignment for the penalty.&nbsp; By assigning a net grade, they are telling the collector that this coin should trade at XF40 money.&nbsp; I don&#039;t think that it is right for the TPG to decide the market price of a coin.&nbsp; They should just call it AU Details--Cleaned and call it a day.&nbsp; Let the potential buyers decide the value of the coin.&nbsp; Furthermore, does a coin with light but noticeable cleaning get the same deduction grade wise as a coin that has been very harshly cleaned.</p><p><br /></p><p>What do you guys think.&nbsp; I have attached a poll to this thread.&nbsp; Is NET GRADING good for Coin Collecting?[/QUOTE]</p><p><br /></p>

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