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<p>[QUOTE="Publius2, post: 7492859, member: 105571"]Pretty much every first-world business that makes widgets for civilian and military use employs Statistical Process Control to measure how well they meet their quality control criteria. I kinda doubt that the TPGs do this for counterfeits and altered genuine coins (AGCs) but they probably employ something like SPQ for regular grading.</p><p><br /></p><p>I would be interested in knowing what the raw numbers are for known counterfeits and AGCs for the four TPGs. I doubt there is a valid data base, but given the thousands of coins that go through their hands every week, I would surmise the counterfeits and AGCs they miss are statistically miniscule. </p><p><br /></p><p>Even if we limited the dataset to those coins minted before, say 1850, the error rate still is probably very small.</p><p><br /></p><p>We just have no way to rationally judge how well they are doing. Anecdotes won't cut it for me.</p><p><br /></p><p>That said, I applaud and support the efforts to make the TPGs better.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 7492859, member: 105571"]Pretty much every first-world business that makes widgets for civilian and military use employs Statistical Process Control to measure how well they meet their quality control criteria. I kinda doubt that the TPGs do this for counterfeits and altered genuine coins (AGCs) but they probably employ something like SPQ for regular grading. I would be interested in knowing what the raw numbers are for known counterfeits and AGCs for the four TPGs. I doubt there is a valid data base, but given the thousands of coins that go through their hands every week, I would surmise the counterfeits and AGCs they miss are statistically miniscule. Even if we limited the dataset to those coins minted before, say 1850, the error rate still is probably very small. We just have no way to rationally judge how well they are doing. Anecdotes won't cut it for me. That said, I applaud and support the efforts to make the TPGs better.[/QUOTE]
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