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<p>[QUOTE=&quot;GDJMSP, post: 362069, member: 112&quot;]Well again, I think you must first consider the way this &quot;grading consensus study&quot; was carried out. Heritage asked 26 dealers to grade 75 different coins in this so called study. Yes, grades were widely varied. Would you really expect it to be otherwise ? </p><p><br /></p><p>No where that I&#039;ve ever read about were dealers named, so we have no way of knowing who they were or what their quaifications were. And just because someone is a coin dealer, that certainly does not mean that they actually know anything about coin grading. In my lifetime I have known and met literally thousands of coin dealers, and very, very few of them could accurately grade coins. So I would accord very little credence, if any, to such a study. Again, it is meaningless.</p><p><br /></p><p>And any study where a collector takes 1 coin and submits it over and over to a grading company and then reports the varied results - by any description of the word that does not even deserve to be called a study, or even a valid experiment by which one might judge any grading system. I would think that anyone with any intelligence would be able to realize that. And no, I mean you no offense by that comment. It just seems to be common sense to me. </p><p><br /></p><p>But people who wish only to cast doubt upon the system in order to promulgate their own individual opinions will continue to point to such so called studies and experiments as validation of their opinions. Why ? Because there is nothing else for them to point to. There have, as of yet, never been any real studies or experiments.</p><p><br /></p><p>Any real experiment or grading study, in order to have any sense of validity, would have to be conducted with hundreds, if not thousands of coins, whereby all of them were submitted several times to each of the grading companies. Then and only then could you even begin to say that the experiment actually had any meaning.</p><p><br /></p><p>I will say this again, what people need to do is to keep an open mind. Observe with unbiased eyes the coins they see in the marketplace and how each of them is graded by the various TPG&#039;s. And above and beyond all else people need to learn to accurately grade coins for themselves so that they can at least have some semblence of the ability to form a valid judgement. Without that, all the rest is nothing but just talk and conjecture.</p><p><br /></p><p>And yes, supply and demand are the market forces that set prices. Grades on slabs only report to the unknowing what those prices are.[/QUOTE]</p><p><br /></p>

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