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<p>[QUOTE=&quot;Kirkuleez, post: 1444652, member: 36864&quot;]<img src="http://www.cointalk.com/images/misc/quote_icon.png" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> Originally Posted by <b>NGC Interview</b> </p><p>&nbsp;MR:&nbsp; I agree, there’s been a learning curve at work. I believe that the&nbsp; early years of NGC and PCGS saw conservative grading because they were&nbsp; young companies out to prove themselves, get market share, introducing a&nbsp; new concept. You yielded a lot of power and had to be careful, earn&nbsp; your “oats,” so to speak. Does this make sense?</p><p>&nbsp;</p><p>&nbsp;<b>MS:&nbsp; Initially we were very conservative, but again you have to consider the&nbsp; pricing level at the time. For example, the Greysheet price for a&nbsp; so-called MS 65 Barber Quarter was about $3,000, way over what a&nbsp; realistic MS 65 was trading at in the marketplace, about $1,500. So the&nbsp; coin that we graded MS 65 was probably a 66 or 67 to equate to the coin&nbsp; that was necessary to fulfill the $3,000 price. We were grading based on&nbsp; value as well.</b></p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Don&#039;t you really think that said it all?&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Personally, I could care less what grade is on the slab, I very seldom sell a coin.&nbsp; Usually, when I buy a coin in a slab, I chose it because I thought it was a nice coin for the grade.&nbsp; Then I crack it out and put it in a Dansco or Intercept Shield album or in Capital plastics holders (A throwback to my grandfathers collection).&nbsp; The reason I care at all is that if I want to upgrade a coin, I have to resubmit it to get fair value for the coin.&nbsp; In my experience, the average grade upon resubmission goes up by a point.&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Lehigh, I am not surprised at all that I couldn&#039;t tell which generation slab held those Morgans.&nbsp; As I said previously, you can make an argument that coins in every generation TPG slabs have over and undergraded coins.&nbsp; If anyone would argue with that, I would be shocked.&nbsp; I do stand by the assessment that I put on the coins based on what I saw in the photos. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">&nbsp;It is impossible for TPGs, myself, Doug or anybody else to always agree on grades.&nbsp; The subjectivity of grading is what it is.&nbsp; I just don&#039;t need a TPG to decide that a coin has nice luster and add a point.&nbsp; Or a coin has nice colors so add a point.&nbsp; I have my own eyes for that.&nbsp; Just determine if it is an original, unaltered coin, and I can do the rest.&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">And I&#039;m home from work now so....Bring it! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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