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<p>[QUOTE=&quot;OldDan, post: 57844, member: 1872&quot;]Here is an item of relevance as to the value of slabbed coins and the accuracy of grading being done at any of the 3PG services.&nbsp; It is taken from articles written by none other that Q. David Bowers and relates to just how accurate the grading and information on slabbed coins really is. I find it interesting that:</p><p>Q. David describes the grading of a coin as “a moving target”.&nbsp; Really! No wonder it&#039;s so hard to hit!&nbsp;&nbsp; He goes on to describe why this is so.</p><p>*&nbsp; A 1853 Cornet gold $20 dollar eagle was slabbed and graded AU58....It was resubmitted in a short period of time and came back as MS62. (same grading service he was associated with at one time.)&nbsp; A&nbsp; difference of $4,000 in price.</p><p>*&nbsp;&nbsp; 1804 Draped Bust silver dollar slabbed and graded EF45...resubmitted and came back as AU58 (in less than a years time.&nbsp; (He commented that if this continues for another 5 years, it could be up to MS65)</p><p>*&nbsp;&nbsp; 1796 Draped Bust half dollar went from a slabbed AU53 up to MS62. The difference in price here would sure buy a lot of easter eggs.</p><p>*&nbsp;&nbsp; 1795 Flowing Hair silver dollar slabbed and graded AU55 and sold for that price.&nbsp; New buyer resubmitted to the same grading service and it came back MS62.&nbsp; What a way to make a cool $30,000 or more.</p><p><br /></p><p>Q. David states that most old gold that you now see recently slabbed, and graded “mint state”, would not even be up to AU, 40 years ago.&nbsp; He goes on to refer to this as “grade-flation”.&nbsp; (the way the grading services keep you coming back for more and paying the price.&nbsp; Talk about buying the slab.)</p><p><br /></p><p>Q. David goes on to describe what he calls “profit centers”&nbsp;&nbsp; This is where the “doctoring” (his words, not mine) is done with application of “toning to AU coins to mask the surface and thereby get them certified as MS&quot;. Just how smart are these so called professional graders if they allow this to happen.<img src="http://bestsmileys.com/frustrated/7.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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