I present a novel argument against the epistemic conception of perception according to which perception either is a form of knowledge or puts the subject in a position to gain knowledge about what is perceived. ECP closes the gap between a perceptual experience that veridically presents a given state of affairs and an experience capable of yielding the knowledge that the state of affairs obtains. Against ECP, I describe a particular case of perceptual experience in which the following triad of (...) claims is true: The experience presents a given state of affairs ; The experience is veridical; The experience cannot yield the knowledge that the state of affairs obtains. This case involves an empirically well-studied phenomenon, namely perceptual hysteresis, which involves the maintenance of a perceptual experience with a relatively stable content over progressively degrading sensory stimulations. (shrink)