What Does Perfect Really Mean?

Grading at that level is as arbitrary as it is inconsistent.

Buy the coin and not the slab. Very upper PCGS and NGC type coins are good investments. As far as just Perfect well that would be my wife of 23 years today. She puts up with myself and my hobbies, and is the Best thing other than our son to ever happen to me.

Steve very upper to me is a MS 66 - 67 If you have the very best few are able to buy it. I love to look at the moon... I do not what to walk on it.. LOL

Thanks for all the replies everyone, with special note to SeatedNut.

I picked up on several important keywords amongst the replies that confirm my suspicion about the 70 grade racket. I agree with the importance of grading a rare coin since rare typically equals valuable, which means that a grading company will be more likely to be held to a quality standard.

A roll or even handpicked set of twenty 2010 silver dollars seems pointless to grade today because they are common. Individually wrapping them for storage seems like a better idea in the event that someday something happens to reduce the circulating quantity of a particular coin, subsequently making it worth them worth the cost of grading.

I started collecting comics in the late 80's when they were still "normal". In the 90s however, when it became apparent that contemporary comics could become very valuable, you started seeing chrome editions, multiple covers for the same book, intentional misprints passed off for errors, one book in a story set "mysteriously" having a low print run, specially bagged editions that you dare not open, #0's when the series is already at 50, etc. Buying a convenience store edition that had a UPC code (ohhhh!) on the cover (not so for a comic book store copy) was seen as a mistake. Avoiding books with even the slightest bend mark in the spine was another must. And then there were the propaganizing rumors of publisher funding shortfalls supposedly resulting in low or no print runs, inciting customers into mass pre-purchases. Anything for a buck!

Edit: On the discussion of the CC Morgans, I have one of those 1884's that were "discovered" in a govt bank vault. It's in particularly excellent condition except for the scratches on the face that are common with the Morgans in that discovery (another nod to SeatedNut's explanation of handling). I've always wondered if they were really discovered on the floor in a pile, as I'd once heard.

At least as far as the internet goes, I've never found any information on how the coins were being stored (at the time of discovery). Were they in rolls perhaps, but subsequently scratched by careless employees that sifted through them for cataloging, cherry picking, or whatever?