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<p>[QUOTE=&quot;Lehigh96, post: 3524780, member: 15309&quot;]What are you talking about?&nbsp; This is the same long winded diatribe that he has been spouting for over a decade.&nbsp; A decade in which not only has he not submitted any coins for grading, but a decade in which he has not bought or sold a single coin.&nbsp; There is absolutely nothing new or interesting in Doug&#039;s book that he just posted.</p><p><br /></p><p>The TPGs do not intentionally change their grading standards to spur resubmissions.&nbsp; Gradeflation is the result of two things.&nbsp; First, the inherent subjectivity in grading will cause people to resubmit PQ coins until the coin upgrades as long as the financial incentive outweighs the cost of the grading fees.&nbsp; Second, the expansion of market grading principles, like the topic of this thread, has led people like Doug to conclude that the TPGs have changed their larger standards when in fact, things like this are merely exceptions to the larger standards.[/QUOTE]</p><p><br /></p>

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