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Message:: [QUOTE="ozland tiger, post: 761689, member: 3168"]My first Morgan dollar I collected in May 1970 was a 1878-CC. It was in gem condition. I paid fifteen dollars for it. Four years ago I sent it to NGC for grading and it came back MS 64 (near gem). A couple of years llater, I sent it to PCGS for crossover. It came back MS 64.  For you vammers...it is a VAM 9 CC tilted right. The coin is blast white. To your unspoken question, was it better to buy back then? No.  Everything was raw and becuase of that, there were obviously over graded, overhyped coins. Lots of coins were cleaned, whizzed, and by todays standards with most third party grading companies, coins that would not holder. That doesn't mean it is better today. Clearly, you see the same issues. At least with the four major third party grading companies, the coins are genuine and fairly accurately graded for the most part. I chose PCGS as it is the most market acceptable.[/QUOTE]