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<p>[QUOTE=&quot;Leadfoot, post: 1444190, member: 2972&quot;]Technical grading = using a technical standard, generally written, to come to the grade of a coin.</p><p><br /></p><p>Market grading = using a more subjective standard to come to the relative rank of a coin based on a predicted market perception of a coin.&nbsp;&nbsp; By ranking coins, they (i.e. TPGs) are essentially pricing them.</p><p><br /></p><p>There was a time, before the usage of the term market grading, when technical grading WAS market grading.&nbsp; That is no longer the case, as they have diverged.&nbsp; Some might call that divergence gradeflation, others might call it following the market.&nbsp; Using the article posted by Owle (bold emphasis my own):</p><p><br /></p><p><i>&quot;As for the coins you think are overgraded, I think that charge applies mostly to generic coins. Unfortunately I’ve seen a lot of overgraded coins from other grading services. You also have to consider our industry’s marketers, for example the ones who complain that MS 65 Saints are liberally graded. Part of that perception may concern flashy 1923-D and 1927 Saints. <b>The market was telling us that it’s okay to have a few more marks on these flashy coins because they qualify to be market-acceptable. Viewed technically, you may be critical of the marks but the flash carries the grade. So, is this gradeflation or a reaction to the market that causes us to adjust?</b>&quot;</i></p><p><br /></p><p>All of the above IMO, and, G, you are not the ultimate arbiter of truth.&nbsp; Your opinion is no more or less &quot;the truth&quot; than anyone else&#039;s.&nbsp; Perception is reality, and your opinion is just that.&nbsp; </p><p><br /></p><p>Respectfully....Mike[/QUOTE]</p><p><br /></p>

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