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<p>[QUOTE=&quot;The Penny Lady®, post: 644301, member: 16948&quot;]Guess you misread my statement:&nbsp; I said I was NOT excluding raw coins.&nbsp; Absolutely, there are PQ raw coins.</p><p><br /></p><p><br /></p><p><br /></p><p>I agree - we are talking about PQ for the grade.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I&#039;m not sure who made them up because the term PQ/premium quality is used in many different industries, not just coins.&nbsp; Again, Leadfoot, I think you are being way overly synical here - it&#039;s not &quot;plain and simple&quot; that PQ is used by most dealers JUST &quot;to justify a higher price&quot;!&nbsp; I strongly disagree with you on this one.&nbsp; Dealers wouldn&#039;t sell many coins if they were charging higher prices just because they labeled a coin as PQ but it was a dog or even average!&nbsp; In my opinion, PQ really does help define a better quality coin in a given grade.&nbsp; And if that coin is PQ, then it should be priced higher than the average coin for that grade.&nbsp; </p><p><br /></p><p>I think everyone will agree that there are all different levels of coins in any given grade.&nbsp; Using A, B, C, D is one way to help define a coin in a given grade, but this system can get too complicated.&nbsp; When I look in another dealers case and see &quot;PQ&quot; on a coin, I will pay more attention to that coin to see if I agree that is is on the high end since that is what I am usually looking for, and yes, I will expect to pay more because a PQ coin will be worth more than an average coin in that grade.&nbsp; But I certainly won&#039;t buy it (and pay the higher price) unless I agree that it is PQ.&nbsp; So that really is the bottom line, whether YOU as the collector agree that a coin is PQ and are willing to pay the higher price.&nbsp; As you said, grading is subjective and so is a PQ designation but it is helpful!</p><p><br /></p><p>And yes, collectors do use that term as well - I have heard it many times from &quot;old timers.&quot;&nbsp; But I agree that choice and good for the grade and even GEM are pretty much the same thing and used just as often, but PQ is just said with a different, more succinct term.[/QUOTE]</p><p><br /></p>

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