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<p>[QUOTE=&quot;medoraman, post: 1413993, member: 26302&quot;]Mike, if I could take a stab at it, its because the TPGer&#039;s will never use ANA standards. If they did, then they could demonstrably be proven to have misgraded coins. If they have their own standards they can change at will, then they can never be found guilty of an error, since they are the ones who make the rules. </p><p><br /></p><p>If a company can get away with this, they will do this every time. My company wishes they could make products that have defined definitions a different way, but since the FDA defines and regulates the definition, we do not have a choice. If the US defined and regulated&nbsp; the grades then the TPG would have no choice. Since it was just the ANA, the TPG chose to ignore their standards and come up with their own. They got away with it too. I say shame on collectors for allowing them to do so. No one said markets are perfect, and there was a lot of money, (in a small industry), behind PCGS and NGC. In a perfect world a competitor would arise grading according to ANA standards and displace these two, but any economist worth his salt will admit markets can be imperfect.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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