Misgraded

Misgraded refers to a situation where an item, such as a piece of currency, a collectible coin, or a sports card, has been incorrectly assessed and assigned a grade by a professional grading service. Grading services use standardized systems to determine the condition and authenticity of these items, assigning numerical or descriptive grades. A misgrade occurs when this assessment is inaccurate according to the established grading standards.

Reasons for misgrading can vary. It might stem from human error by the grader, such as misinterpreting wear, damage, or manufacturing defects. Sometimes, the complexity or rarity of an item can lead to differing opinions among experienced graders. In some instances, the perceived value of an item might influence a grader, though reputable services strive for objectivity.

The consequences of a misgrade can be significant, particularly in the collectibles market. An item graded higher than its actual condition often commands a higher price. Conversely, an item graded too low may be undervalued. When a misgrade is discovered, it can lead to disputes between buyers and sellers, and potentially affect the reputation of the grading service involved. Many grading services offer a "reholder" or "regrade" service, allowing owners to submit an item for a second opinion, though this process may involve additional fees and does not guarantee a different outcome.