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<p>[QUOTE=&quot;Skyman, post: 4028657, member: 28299&quot;]Aside from the things mentioned above... a numismatic downtrend in general, how common Morgans are, demographics etc., I&#039;d also like to point out one other fact... gradeflation.</p><p><br /></p><p>If you look at what a MS65 slabbed Morgan that has been graded in the last 5 years looks like nowadays, and compare it to what a MS65 Morgan looked like in 1989, e.g. when there were a fair amount of them slabbed in the first generation or two of PCGS/NGC slabs, it is obvious that the coins in the newer slabs would generally be graded a point or even two higher than the older graded coins.&nbsp; So a MS65 graded today would often compare with a MS64 of yesteryear.[/QUOTE]</p><p><br /></p>

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