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Message:: [QUOTE="Hotpocket, post: 1812434, member: 44182"]I prefer slabbed coins on more expensive purchases.  For bullion, loose Morgans are fine, and in fact fun to handle and collect. BUs are fun, but I have bought a few off eBay that I found out later were cleaned or even tooled (hair line for example).  This should not happen if the coin is properly graded. For graded coins I purchase exclusively NGC.  In my opinion, PCGS tends to over-grade their coins (give higher grades) if its on the fence.  Again, just my opinion, but I have been collecting Morgans for a long time, and have seen coins graded by PCGS for example as MS64 that I thought was more of a 62 or 63 at best.   But again, you should look at each coin individually, and you can always submit a coin for re-grading (if you think it should be higher, not lower!). What worries me about graded coins is consistency of the grading over time.  I have some Morgans in the old style NGC holders (maybe mid 1990s?) and wonder if the same coin were submitted for grading today would it not get a better grade.  Always a risk I guess.  Well, not sure if my post was particularly helpful, but I am generally in favor of buying graded/slabbed coins.  Good luck and have fun.  And remember Hotpocket loves you.[/QUOTE]