It seems with the backlogs reported that PCGS has the ability to push coins through at the same level as last qtr but they "intentionally" slow down. They took a 4 day weekend July 4. They took a 3 day weekend Labor Day. So instead of a 13 week qtr, we get a 12 week qtr. Now Jewish holiday's last few days have slowed numbers graded down the last few days. Backlogs are still too high.
So it appears that the market isn't slowing down, PCGS is. I think they need to to a better job of staffing