Bob, I understand what you're saying and in a way agree, but companies like SGC and PSA have terms and conditions that outline what they offer. They both have your example of grading standards today versus 10-20 years ago covered. Below are two quotes taken from their websites:
SGC
"Customer acknowledges and agrees the grading and/or authentication of items requires the exercise of individual judgment and professional opinion, which is subjective in nature, and can change from time to time. Therefore, SGC makes no warranty or representation and shall have no liability whatsoever to Customer for the grade or determination of authenticity assigned by SGC to any item."
PSA
"Customer acknowledges that such grading involves individual judgments that are subjective and require the exercise of professional opinions, which can change from time to time. Therefore, except as provided below, Customer agrees that PSA shall have no liability to Customer or any other third party for the grade assigned by PSA to any card."
Some common terms:
Customer acknowledges
Individual judgment
Professional opinion
Subjective
Can change from time to time
No liability
That is grading in a nutshell. Each company gives you two sentences that include the same ideas from the list above. Professional opinions might be partially formed by existing grading standards. However, an opinion, by definition, is "not necessarily based on fact or knowledge." There might be a loose set of grading guidelines, but there is no checklist or proof required. Nowhere in the terms and conditions does it say that a card with a 1/2" crease can't grade higher than a certain grade, while a card with a 1" crease must be graded lower.
Someone that sends in cards for grading is asking for subjective individual judgments and professional opinions that can change from time to time. That is what they get.
Whether grading companies should offer more quantifiable data can be debated, but people don't even seem all that interested in simple sub-grades, let alone a list of data that can be derived from artificial intelligence. For an extra 50 bucks a card, would most people want a 20 point artificial intelligence inspection report that is available online that helps to justify the overall grade? I doubt it.
How many people complain about owning overgraded cards? For many sellers, the large majority of their graded cards are undergraded and none are overgraded. The cards that had to be graded four times are the only accurately graded ones. Only auction houses have overgraded cards. (some degree of sarcasm in the last few sentences)
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