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<p>[QUOTE="GDJMSP, post: 4503201, member: 112"]No there weren't. Sheldon was the very first one to ever actually write a standard of any kind. But his was for 1 coin and 1 coin only - large cents. Now granted, before Sheldon people had names for grades. They'd say this coin was this grade or that grade, but it was purely adjectival and totally open to each individual's personal choice of words. But there were no standards of any kind.</p><p><br /></p><p>That said, it must be noted that since the late 1890s collectors had been trying to come up with a set of grading standards. But they were never able to do so. And it was not until 1958 that the very first set of grading standards for all coins was written by Brown and Dunn.</p><p><br /></p><p><br /></p><p><br /></p><p>Precisely the problem. Especially since every TPG claims there is a standard and that they follow standards. But nobody actually knows what those standards are. And if nobody knows, then by definition there is no standard.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, you're correct, but only because the one published in 1977 was based purely on technical grading. BUT - the one published in 1987 is exactly like the one published in 2013, and all other editions in between those years. With 2 very minor exceptions, for only 2 specific coins, and only in 1 grade each. Other than that, the ANA standards for every coin, the actual grading criteria for every coin in every grade is the same - since 1987.</p><p><br /></p><p>And the grading system published by the ANA in 1987 and every edition since then is market grading. The ANA invented market grading. But back then and at no time since then has ANA market grading ever had anything to do with establishing the value of a coin. It is and always has been about establishing the condition of the coin - nothing more.</p><p><br /></p><p>You are also correct in that what the TPGs do is to grade coins based on value - and specifically NOT on the condition of the coin. And that, THAT is the entire problem with TPG grading ! It is also why people "call" what the TPGs do market grading. But it is a huge misnomer ! The ANA grading standards are market grading - not what the TPGs do.</p><p><br /></p><p><br /></p><p><br /></p><p>Not exactly. Yes, each TPG uses what they call their own unique set of grading standards, but nobody knows what those standards are. And the graders who work them have to grade the coins the way their company tells to them grade the coins, regardless of what the grader's personal opinion of the grade is. And if they do not do that, then they don't have a job anymore !</p><p><br /></p><p><br /></p><p><br /></p><p>Again, precisely the point - and the problem <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Ya see, it is precisely because of that that we come full circle, right back to what we had BEFORE the TPGs came into existence, where everybody assigns whatever grade they want to coins. Which, by definition, means there are no grading standards.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 4503201, member: 112"]No there weren't. Sheldon was the very first one to ever actually write a standard of any kind. But his was for 1 coin and 1 coin only - large cents. Now granted, before Sheldon people had names for grades. They'd say this coin was this grade or that grade, but it was purely adjectival and totally open to each individual's personal choice of words. But there were no standards of any kind. That said, it must be noted that since the late 1890s collectors had been trying to come up with a set of grading standards. But they were never able to do so. And it was not until 1958 that the very first set of grading standards for all coins was written by Brown and Dunn. Precisely the problem. Especially since every TPG claims there is a standard and that they follow standards. But nobody actually knows what those standards are. And if nobody knows, then by definition there is no standard. Yes, you're correct, but only because the one published in 1977 was based purely on technical grading. BUT - the one published in 1987 is exactly like the one published in 2013, and all other editions in between those years. With 2 very minor exceptions, for only 2 specific coins, and only in 1 grade each. Other than that, the ANA standards for every coin, the actual grading criteria for every coin in every grade is the same - since 1987. And the grading system published by the ANA in 1987 and every edition since then is market grading. The ANA invented market grading. But back then and at no time since then has ANA market grading ever had anything to do with establishing the value of a coin. It is and always has been about establishing the condition of the coin - nothing more. You are also correct in that what the TPGs do is to grade coins based on value - and specifically NOT on the condition of the coin. And that, THAT is the entire problem with TPG grading ! It is also why people "call" what the TPGs do market grading. But it is a huge misnomer ! The ANA grading standards are market grading - not what the TPGs do. Not exactly. Yes, each TPG uses what they call their own unique set of grading standards, but nobody knows what those standards are. And the graders who work them have to grade the coins the way their company tells to them grade the coins, regardless of what the grader's personal opinion of the grade is. And if they do not do that, then they don't have a job anymore ! Again, precisely the point - and the problem ;) Ya see, it is precisely because of that that we come full circle, right back to what we had BEFORE the TPGs came into existence, where everybody assigns whatever grade they want to coins. Which, by definition, means there are no grading standards.[/QUOTE]
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