PCGS old and new grading standards

JY93

Is it true that PCGS had tougher grading standards when they first started encapsulating coins? I've read in a couple of coin publications that this was the case. Would it be worth my while to resubmit the coins that I think have a chance of upgrades that are in first generation holders? Has anybody out there had any luck doing this?

Russ

It's worth your time if you honestly believe a coin is undergraded. But, that's something you have to decide for yourself. An older holder does not automatically mean the coin was graded lower than it should have been. In my series, I have yet to see an older holder that I thought would upgrade under current standards.

Oh, and welcome aboard! Got proof JFKs?

Russ, NCNE

BobbyD

Hey 93,
Russ is pretty much right. I have had two walkers upgrade from older holders. Your best bet is to ask your local dealer, to look at the coins before hand. That's what I did or I would have never sent them.
BobbyD

JY93

Thanks for the good advice, I think I'll just keep my coins in their original slabs. If I ever decide to sell, any knowledgeable buyer would recognize some as PQ.


As for proof JFK's I do have a few and I think they are very attractive, but for the last few years I've concentrated on circulated buffalos and MS washingtons.

Thanks, John

kranky

From what I understand, the most attractive upgrade candidates in first-generation holders are ones in 65 holders. At the beginning the services were very, very reluctant to grade anything higher than a 65. So you had 65, 66, even 67 coins in 65 holders. Also, early coins in old AU58 holders have been known to upgrade to 61 or 62 due to market grading.

Keep in mind that people have been talking about this for years now, and in all likelihood most of the remaining first-generation holders are correctly graded. The ones that were no-brainer upgrade candidates have been upgraded already. No doubt there are some still out there in the hands of people who bought them way back then, but trying to find them is a different story.

Barndog

Just wanted to bring this back to show that the questions of "old" and "new" standards are timeless.