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Upcoming episode of The Coin Show -- market grading
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<p>[QUOTE="Lehigh96, post: 2016251, member: 15309"]I don't think that anybody disputes that there have been changes to the TPG grading standards over the years. But typically, it is characterized as a deliberate loosening of standards with regards to numerical grades. That is what I have a problem with. I have no problem admitting that adjustments to TPG market grading principles have resulted in higher grades for some coins. </p><p><br /></p><p>And some of these points are further examples of the TPGs responding to the market Like LostDutchman mentioned a few days ago. While NGC may have started with a requirement for 6 full steps for the FS (full step designation), PCGS only ever required 5 full steps. The market accepted that 5 full steps was adequate for the strike designation. NGC had no choice but to amend their standard to conform to the market lest risk loosing all Jefferson Nickel business to PCGS. And contrary to your accusation, that specific change in policy was published publicly by NGC in 2004.</p><p><br /></p><p><a href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=250" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=250" rel="nofollow">NGC DISTINGUISHES JEFFERSON NICKEL STEPS</a></p><p><br /></p><p>That said, I do think we have made a major breakthrough in our impasse regarding this topic.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 2016251, member: 15309"]I don't think that anybody disputes that there have been changes to the TPG grading standards over the years. But typically, it is characterized as a deliberate loosening of standards with regards to numerical grades. That is what I have a problem with. I have no problem admitting that adjustments to TPG market grading principles have resulted in higher grades for some coins. And some of these points are further examples of the TPGs responding to the market Like LostDutchman mentioned a few days ago. While NGC may have started with a requirement for 6 full steps for the FS (full step designation), PCGS only ever required 5 full steps. The market accepted that 5 full steps was adequate for the strike designation. NGC had no choice but to amend their standard to conform to the market lest risk loosing all Jefferson Nickel business to PCGS. And contrary to your accusation, that specific change in policy was published publicly by NGC in 2004. [URL='http://www.ngccoin.com/news/viewarticle.aspx?NewsletterNewsArticleID=250']NGC DISTINGUISHES JEFFERSON NICKEL STEPS[/URL] That said, I do think we have made a major breakthrough in our impasse regarding this topic.[/QUOTE]
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Upcoming episode of The Coin Show -- market grading
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