Is the Grading System Broken?

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Posted By: Jason L

When did it start to go in the wrong direction?
Was there an inflection point and characteristics that we can point to?
I would to think that competition will fix alot of what ails a market (more consistent grading and honest business practices winning the day)...but as Barry points out, I'm not sure this is happening...

If an overhaul, what kind?
Are just heading right back down the same road Jim Crandell tried to champion here a few months back? Everyone gave him grief for just being self-serving (which may have been obvious), but hey, it actually IS in everyone's best interest, -even little old me, with no card worth more than $500- to know that even those cards haven't been altered from a card that used to be worth $50...
If an overhaul, what kind?
--It must involve market forces, but there is always a potential for conflicted interests when profit motive is invloved
--The regulatory solution will always have the potential for corruption