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<p>[QUOTE=&quot;ozland tiger, post: 92266, member: 3168&quot;]Not all collectors are frauds and cheats. In fact the vast (uneducated) majority like myself are collectors.</p><p><br /></p><p>The issue of counterfeiting is a valid concern. As prices creep ever higher, there are those who will &#039;wizz&#039; coins to get higher pricing. This was so rampant, it was why third party graders came into being.</p><p>I have collected Morgan dollars since the late sixties. I purchased these until about 1985 and started back up aound 1995.</p><p>I have been sending in my coins for grading to NGC. Boy was I surprised when one of my coins was returned in a &#039;body bag&#039; having been wizzed. It was a 1934 P Peace dollar that was MS 64-MS 65. I bought this&nbsp; raw coin in 1983 from a respected dealer.</p><p>There will always be people out to cheat other people. It is the ugly reality of this hobby. Having said that, that has not deterred me from collecting. I simply buy only graded coins from PCGS or NGC. I do this because I trust there grading.</p><p>I recently purchased a 1886 P Morgan graded MS 66 in a Numistrust holder # 219125. I bought it because&nbsp; I thought it was a Vam 1C &#039;3+2&#039; die clash reverse. I sent it this week to NGC for attribution. I seriously doubt this coin will grade better than MS64. I will let everyone know how it turns out. I point this out merely to illustrate that grading is &#039;very subjective&#039; and therefore conducive for people to take advantage of the situation.</p><p>I agree with your assumption that scamming is rampant, but that will not stop me from collecting.</p><p>I do not agree with your assumption that &#039;all&#039; collectors are crooks, cheats and scammers. I am of the opinion that the good folks out number the bad folks by a wide margin.</p><p>Like any endeavor that cost money, there will always be folks out to cheat the system. Who ever said this hobby was easy? Like many here, I love the beauty, the artistry, the majestic history of a time long since past and what those coins represented. Coin collecting is sorta like treasure hunting. It has its hits and misses. The bottom line is I enjoy it and I simply have to purchase smarter and attempt to not letscammers and cheats destroy a hobby I enjoy.</p><p>My guess, if it gets bad enough, more stringent standards will be imposed on the industry to attempt to stem the scamming and cheating. Sadly, there will always be an element that will try to get around that. The good always suffer for the bad. </p><p>This was the reason that I stopped collecting in 1985. I was not sure the coins I were buying were being represented fairly.</p><p>I felt comfortable in 1995 to resume my quest for more Morgan dollars. If it gets too bad ( the scamming), I will slow down or stop all together untill such time as I can begin again. I am glad that PCGS, and NGC are trusted for their accuratcy in grading.</p><p>What else can a person do?[/QUOTE]</p><p><br /></p>

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