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Message:: [QUOTE="Conder101, post: 1207477, member: 66"]True, back in the late 80's MS-65 WAS the investor coin.  Why?  Because there were no coins, or almost no coins, graded higher than 65.  For quite some time when PCGS or NGC graded a coin higher than MS-65 it was considered a news story suitable for Coin World.  Today a 65 rates as "oh yes another one" while the pops are full of 67's, 68's and every now and then something higher.  Now where did all of these 67's and 68's come from?  They weren't around in the 80's.  Are we to believe that everyone held onto their best coins and only sent the lower grade pieces in for grading?  I don't think so.  Todays 67's and 68's are the 65's from back then.  Of course that is gradeflation, but it is also market grading.  "We can take this MS-65 and get MS-67 money for it, so we will grade it MS-67."[/QUOTE]