I understand fully and accept that grading is subjective. Also I feel PCGS does a very good job at grading and they offer an array of other tangible benefits.
However I feel there are some things pertaining to numismatics and TPG that aren't subjective. They're (I thought) very black and white.
One example is when generating a submission one is prompted to verify they have read the terms and conditions. Item #2 in the terms and conditions reads: "2. PCGS will not grade coins which bear evidence of harsh cleaning, artificial toning, damaged surfaces, excessive major marks, minor planchet flaws, altered surfaces, PVC damage, Doctoring or similar impairments."
Yet the coin below not only graded but became the sole finest known and sold for mid five figures. I'm confused. Am I correct in assuming that they won't grade minor planchet flaws but major ones are acceptable? Could this be a case of "who you are"?