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<p>[QUOTE=&quot;Leadfoot, post: 619206, member: 2972&quot;]You are welcomed to your purist&#039;s approach, but it is unrealistic if you hope to be able to accurately price coins and predict TPG grades.</p><p><br /></p><p>To answer your quesiton, no, I don&#039;t think they are the same thing in all cases.&nbsp; In the case of NGC/PCGS, which both use what I call market grading, then yes, I do think they are the same thing.&nbsp; However, I think you are getting too caught up in semantics, to be honest.</p><p><br /></p><p><br /></p><p><br /></p><p>I&#039;m not going to try and rationalize NGC&#039;s use of the *.&nbsp; It is inconsistent at best, and like all TPG grades (or any grades for that matter) it is an opinion.&nbsp; Who am I to say it is right or wrong -- it is what it is, or so the cliche goes.&nbsp; But what really matters to us as collectors in the end are three people&#039;s opinions -- the seller, the collector (you and me, the most important), and the buyer (if any).&nbsp; You will note that the TPGs are absent from that list.</p><p><br /></p><p><br /></p><p><br /></p><p>Don&#039;t confuse the coins that you see with the real marketplace.&nbsp; </p><p><br /></p><p>Trying to draw hard and fast rules about TPGs is problematic, because the coins you &quot;see&quot; are mostly the crap that won&#039;t stick.&nbsp; Remember this, the best good coins &quot;disappear&quot; off the market.&nbsp; Kind of like Gresham&#039;s law -- that the bad money drives out good money -- except applied to collectible coins, i.e. bad coins drive the good coins out of the market.&nbsp; &nbsp; Think of it like this, if you were forced to sell half your collection, would you keep the good half or the bad half?</p><p><br /></p><p>So, be very careful in making sweeping statements concerning TPG grading practices, particularly early in your numismatic career.&nbsp; To wit, you could not be more mistaken in the above quote -- PCGS absolutely does give bumps to toned coins, and both NGC and PCGS will not grade coins because of toning, and both are inconsistent and not to be relied on.[/QUOTE]</p><p><br /></p>

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