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Message:: [QUOTE="GDJMSP, post: 2599619, member: 112"]Such gross over-grading by the TPGs has been going on for at least 12 years now. But in recent years it has gotten much worse than it ever was before. And not only in the frequency at which it happens, but to the degree of over-grading at which it happens as well. Your example of an XF becoming a 65 is a good example of that. By my estimate the TPGs grossly over-grade at least 90% of the coins they grade in today's world. And that applies to world coins as well as US coins. As it happens, I also used to own an example of this particular coin which was, in my opinion anyway, nicer than either of the two you posted, not that that matters. What you may find useful for your own cataloging purposes is that these coins were struck in 1581. I can also tell you that when it comes to attributing the Rose Nobles, that CNG, well I won't say make mistakes, but rather that they can "miss things". Years ago I cherry picked a Rose Noble from one of their auctions that had been attributed as a common example, while in fact there were at the time only 2 known examples. But in the years that followed I was able to, with the help of a friend, actually catalog 7 known examples of that particular coin, thus rewriting the "book" as it were.[/QUOTE]