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<p>[QUOTE=&quot;sturmgrenadier, post: 780818, member: 18711&quot;]When I look at slabbed early commems (both in my collection and those at shows), I can&#039;t help but notice that grading of these coins is much more lenient than for other comparable series of coins. For example, I compare early commems with my and dealers&#039; slabbed Walking Liberty halves. If a Walker had the dings, scratches and abrasions that my PCGS MS-66 graded early commems have, they would be graded as an MS-62 or MS-63 at best. In contrast, an MS-65 Walking Liberty is really a &#039;clean-looking coin&#039; with only a few stray marks. And I&#039;ve compared a lot of coins. I find that even PCGS graded MS-65 to MS-66 have many small to medium dings. There really is no such thing as an early commem with clean surfaces unless you look at MS-67 and above. Why do graders grade early commems more leniently (re: practice grade inflation). Is there a tacit recognition that most early commems were ill-treated and thus there would be no MS-65 and up coins if they were subjected to the same grading standards applied to other series of coins? Have any other collectors/dealers noticed this phenomenon? Or am I just blind and/or a know-nothing rookie? Thanks.[/QUOTE]</p><p><br /></p>

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