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<p>[QUOTE=&quot;Lehigh96, post: 2320959, member: 15309&quot;]I think the graders are pretty accurate most of the time.&nbsp; The problem lies within the conditional rarities because whenever you see a large price jump, it also represents an &quot;crackout&quot; opportunity for those looking to make a buck.&nbsp; Many coins don&#039;t have a cut and dry grade.&nbsp; Take the coin in this thread for example.&nbsp; The consensus was that the coin was either a high end MS65 or a low end MS66.&nbsp; The difference in price is over $500 between the 2 grades.&nbsp; So if this coin resides in an MS65 holder, it would likely be resubmitted, maybe even several times, until the graders gave it the MS66 grade.&nbsp; You see, most people blame gradeflation on a deliberate change in grading standards, whereas I believe that it is caused by the inherent subjectivity in grading.</p><p><br /></p><p>The fact is that if you showed this coin to me in an MS65 holder I would think that it is accurately graded but I would also think it is PQ for the grade and would probably demand a premium over the typical price for an 1882-CC if I were selling it.&nbsp; Likewise if you showed this coin to me in an MS66 holder, I would still think that it is accurately graded but since it is low end for the assigned grade, I would not be willing to pay full MS66 retail price for it.</p><p><br /></p><p>And just so you understand my point, I&#039;m saying that the same coin can have two different grades, and be accurately graded both times.&nbsp; Grading is subjective.&nbsp; To some this coin will always be an MS65 because of the mark, to others it is an MS66 because the other qualities are good enough to overcome the mark.[/QUOTE]</p><p><br /></p>

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