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<p>[QUOTE=&quot;GDJMSP, post: 1084664, member: 112&quot;]Another excellent post Jason :thumb: </p><p><br /></p><p>I would make 2 minor additions to your comments, only for the sake of understanding. One is to this paragraph - </p><p><br /></p><p>&quot;<i>When the Third Party Graders came on the scene, the grading scale was still not quite in its present form. In the first edition of the ANA guide, only MS-60, 65, and 70 were recognized. In 1986, PCGS was founded; NGC started grading coins in 1987. </i>&quot; </p><p><br /></p><p>It is important to note that the First Edition ANA Guide was published in 1977 so that people have a better understanding of how and when the grading process came about. </p><p><br /></p><p>It is also important to note that everything contained within the Third Edition ANA Guide was decided upon in 1986 and that David Hall and John Albanese, two of the founders of PCGS and NGC, were also two of the key players in making the decisions as to what the ANA Grading Guide would say and what its grading standards would be. For it is only by knowing this information that one can truly understand what happened to grading after that time.</p><p><br /></p><p><br /></p><p>The other addition I would make is to this paragrapgh, and again for the sake of understanding.</p><p><br /></p><p>&#039;<i>This is in stark contrast to market grading, which noted author Q. David Bowers describes thusly: “Under this philosophy, a coin is assigned a single grade number which reflects its market price, not necessarily its technical grade. This is a departure from the grading systems outlined in the 1970s and 1980s in Photograde and the Official ANA Grading Standards for United States Coins books.”</i> &#039;</p><p><br /></p><p>It is important to understand David Bowers&#039;s comments only applied to the First and Second Editions of the ANA Grading Guide. For with the publication of the Third Edition ANA Grading Guide in 1987 market grading was born. That&#039;s right, the Third Edition (and all subsequent editions) of the ANA Guide established the practice of market grading.</p><p><br /></p><p>It is important to remember that the switch from technical grading to market grading in the ANA Grading Guide, and the birth of the TPGs took place at exactly the same time - 1986. It was the ANA agreeing to make that switch to market grading that allowed the TPGs to become successful. Otherwise, it never would have happened.[/QUOTE]</p><p><br /></p>

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