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PCGS Slabbed Merc with growing black spot

I purchased a PCGS-graded MS67 1937D Merc. It appears to have a black spot growing near the rim from the eight o'clock position of the obverse. Does PCGS guarantee the grade of this coin? I do not think it would be graded MS67 if submitted raw today.
Salute the automobile: The greatest anti-pollution device in human history!
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)

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