The old holder vs. the new...

airplanenut

Suppose you were given the option of two coins (classic MS)

Coin 1: 1st gen PCGS in 65; $500 (65 retails for $400)
Coin 2: Blue label PCGS in 66; $1100

Would you buy the 65 expecting an upgrade?

hookedoncoins

I think it all depends on what the COIN looks like.

-Jarrett Roberts

Placid

No, have to see the coin. If it is a good canidate for a upgrade it probably would have already been submitted for one.

keets

ditto placid.

al h.

RELLA

Can't buy either coin based on the holder alone. As for if the first-gen is a nice coin; it seems most of the time these are either very nice (fresh material) or very bad (no one is stupid enough to play the crackout game with the coin). And if it is a Lincoln Wheat in MS67RD...a brand new holder probably will bring out the most money from me (anyone else noticed what it takes to get a 67 out of PCGS these days?).

RELLA

Clankeye

There have been some threads in recent memory that pretty much take the wind out of the sails of the idea that any coin in an old PCGS holder is a candidate for an upgrade.
I think you have to take them on a case by case basis.

Elcontador

Ditto re Placid's comments. I've seen some nearly vomit-inducing MS 65 Capped Bust material, Seated and Trade $s in first generation holders. Yes, they looked THAT bad.

bennybravo

It's been stated previously, and it's very TRUE.Most of the upgrade candidates from those mid-eighties rattlers have been cherried long ago.There WERE alot to be cherried, until everyone and their brother read or heard how strict they were back then.By now, the only thing you'll probably get from an older holder is 15 minutes of labor trying to tap the darn thing on the table 1000+ times to get that upside-down coin right-side up again.

Dog97

WHAT?? You saw one with a grade on it? I didn't think they used grades back then.

solid

Sure they did, Dog...but only on the pretty coins!

dorkkarl

i'd think the coin itself would be more important to determining an upgrade than the age of the plastic.

the ironic thing is that, if SO MANY of those 1-gen holders were "upgraded", then that means the grades were WRONG to begin with, yet all we hear about is plastic people gleefully praising pcgs for its wonderfully accurate & consistent grading standards.

i surely hope others realize the irony of this.

K S

gmarguli

And if it is a Lincoln Wheat in MS67RD...a brand new holder probably will bring out the most money from me (anyone else noticed what it takes to get a 67 out of PCGS these days?).

It takes an act of god to get a Lincoln in MS67 these days. If it is a tough date then the coin will literally have to dance and speak to the graders and beg for the MS67 grade.

jom

There are reasons the coin is STILL in an old holder:

1) Been in a collection a long time

2) It's BURIED in the holder because they over-graded it in the first place.

People seem to ignore the possibility of 2).

Yes, it is a case-by-case situation. As it is with ANY coin in ANY holder regardless of when/who/what was graded.

jom

relayer

I'd buy the best holder. The condidtion of the coin is secondary.

dorkkarl

relayer, i disagree. i think the condition of the holder is most important of all.

K S