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Message:: [QUOTE="GDJMSP, post: 1788490, member: 112"]No, they never promised that.   PCGS has graded moderns since day one. However, and this is what you are thinking of, NGC had a policy that they would not grade any coin dated later than 1964. But to the best of my knowledge they never promised they wouldn't ever change their policy. And if memory serves, in 2001 NGC did change that policy and they started grading moderns.   Oh I remember it all, as I have noted above. As for removing hucksters, ehhhhh kinda sorta, maybe. David Hall did claim that the TPGs would help put an end to some dealers assigning grades to coins as they pleased, over-grading in other words. And that this would be good for the hobby. And it was good for the hobby. There is no doubt in my mind that the TPGs coming along is the single best thing that ever happened to our hobby. And both NGC and PCGS both did claim that they would never slab problem coins. But that is about the only promise I can recall them making. And yeah, they sure broke that one.   Chris I think you're kind of suffering from the same kind of thing I mentioned in an earlier post. That being that you chose to interpret much of what they said incorrectly, that you read more into the TPG claims and advertising than was ever there. But you're far from being alone in that. But I will not for one second deny that their claims and advertising were designed to do that. The TPGs wanted the coin collector community to buy into their spiel more than anything, they needed that to happen if they were to have any hope at all of their businesses being a success. And without a doubt, they were huge successes. So their advertising worked and worked very well. For the most part Chris most of their claims came true and the TPGs delivered.  As for the changes they've made, including the slabbing of problem coins, pretty much every change they made was at the demand of their customers. And there have been plenty of changes, and they are nothing new. PCGS started making changes the year after they opened their doors in '86. And ever since then, every couple of years or so, the TPGs change something else. But again, they do so at the demand of their customers, they give their customers what they ask for, what they want. And is that not what businesses are supposed to do ? It is if they want to stay in business. When the ANA tightened up grading standards in '87 and 65s became 63s overnight, PCGS went along. When people started wanting special designations like FS, FB, , FBL etc, etc, on the slabs, NGC and PCGS went along. When people demanded that NGC start grading moderns, NGC went along. When people started demanding that NGC start labeling nickels with 5 full steps as FS instead of just those with 6 full steps, NGC went along. When people started complaining that their coins were always being under-graded, NGC and PCGS both went along. After years of people complaining about it, they both started slabbing problem coins. After years of people complaining about it, PCGS finally gave in and agreed to start assigning the 70 grade to more than just a few coins per year. And that's just a few of the changes that have taken place. The TPGs are businesses that are 100% dependent on their customers wants and desires. And when those customers want something, they give it to them, pretty much regardless of what it is. The problem doesn't lie with the TPGs Chris, the problem lies with their customers. It always has. People bring it all on themselves, it is the collectors who are responsible Chris, nobody else.[/QUOTE]

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