Before Grading Companies Existed - What Was It Like?

Was It Safe To Buy Coins Before Grading Companies? What Was It Like?
There was a time when you couldn't send your coin to be graded and if you bought coins you had to trust the coin dealer was being honest and accurate about a coins condition, grade and authenticity. I think that is scary, because we already see how some people are when they sell their raw coins fraudulently online.
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