Would you trust a PCI gold label?

mbbiker

If you saw a coin on e-bay with no pics but it was slabbed by PCI in a gold label as ms-60, how much money would you bid? XF, AU, low ms?

nwcs

Depends on the coin. If it was a common coin probably bid XF money. If it was something more than common I would assume it is a raw coin and with problems and bid very low.

ldhair

I might go XF. I would still be worried it had a problem.

Russ

I would bid Altered Surfaces, AT'd, cleaned, corroded, holed and plugged, tooled, net PO01 money.

Russ, NCNE

ms71

The last PCI gold I took a shot at was a nice AU-58 too. Problem was, it was in an MS-64 holder. The wear was pretty obvious. I'd be very careful with anything PCI.

coinkat

If you can't personally see the coin and grade if for yourself, then do not bid or buy...

wingedliberty

I agree with Russ, There is nothing good about PCI, and there is nothing "golden" about the PCI gold label. I treat PCI coins like raw coins. No scan, no bid.

Brian.

Barry

Agree. I wouldn't bid on a PCI Gold even WITH pictures, because odds are there's something wrong with the coin, and you just can't see it in the pics. I also wouldn't look at a coin in a PCI gold holder at a show IF the dealer is selling mostly PCI Gold coins (or NTC or ACG, etc.) He is a dishonest dealer trying to rip people off. I won't give someone like that any business, even if the coin that interests me is accurately graded.

airplanenut

<< <i>I agree with Russ, There is nothing good about PCI, and there is nothing "golden" about the PCI gold label. I treat PCI coins like raw coins. No scan, no bid.

Brian. >>

...but they do have a cartoon guy in CoinWorld who looks happy buying their slab

littlewicher

There are a ton of dogs in these holders, but there are some occasional scores. I bought a '67 (or was it '66, lol) SMS PCI gold label MS65 Deep Cameo nickel from Jeff Werlin. The coin is a DCAM by PCGS standards, and I think it will go up to 66. So bargains can be had in their holders, but you have to look very carefully for them.

numonebuyer

I found the previous posts to be humerous and a little sad. If you are actually holding a PCI graded coin in your hand and you grade the coin and it agrees with the PCI grade, then why wouldn't you buy the coin?

If you are looking at an on-line auction and the coin value doesn't change much from say XF to AU and the PCI grade says AU, then I would certainly bid on the coin at the XF value.

It really all depends on how much money we are talking about, and how much you like the coin. If there is no picture, then you have entered that dark place that you should not have entered. Run away.

Numonebuyer

Dog97

>>>>>If you saw a coin on e-bay with no pics but it was slabbed by PCI >>>>>>>
No picts-no bid. I got better things to do than fool with junky coins & junky sellers.

lordmarcovan

I think he's hypothetically referring to a 1907 Repunched Date $2.50 Lib I have. (Not on eBay, but part of a potential trade between us.)

It's a PCI gold-label AU58 (I myself got it in a trade). I agree with the grade and don't think the coin has any problems. No pictures available, but there is a return privilege.

Brad, if you get cold feet on the swap, it's no problem. To be honest, I'd rather have the goldie than a bunch of modern slabs and a problem key-date Barber dime. But if we do swap, no deal is final until both parties agree they're satisfied.

If I get time, I'll scan the coin, since I have it at home now instead of in my case at the mall. However, my mother's coming for a visit this weekend, so I don't know if I'll get to it or not.

jkg123

I agree with numonebuyer. PCI, while suspect at times, should not be totally disregarded unless you don't have the opportunity to view it.

hughesm1

Sight unseen, I would bid about 5 points lower than stated grade.

With the gold label, you just can't tell, though there are those that are correctly graded, albiet not very often.

mbbiker

I was thinking about getting this but thought i'd ask about PCI. LM wasn't the $2.50 an ICG?
link

kieferscoins

Ms-60 grade and a PCI gold label. They probably got it wrong and it is really an AU. I would avoid it unless you can get it real cheap. 60 is hardly used these days by NGC or PCGS.

Cameron Kiefer

braddick

It used to be PCI MS60 scarce date Morgans were the best kept secret. Most would crack out and come back MS63 with PCGS. Ahh, the 'good-ol-days'.

jdimmick

For my personal collection, I only purchase PCGS, and when at a show I skip right on by PCI, NTC, ACG coins, but One PCI caught my eye,


It was a PCI gold label 1895-o barber dime graded PCI-vg-10, cause it was an easy Fine-12. Broke it out sent it to PCGS.
Bang, came back F-12

I had a 1869 Indian in PCI-45 once, sold it to a local dealer who got it in a 53 PCGS holder.

These story's are the exceptions, becuase I have herd some bad stories regarding PCI. Like holdering counterfiet 26-s Buff's the 56 FE that Ira stien identified, and few others. Lots of cleaned, atrifically colored stuff?

DCAMFranklin

A sight unseen coin on Ebay, without a pic/scan?? I wouldn't bid MS-60 money for the coin, regardless of the coin's holder, including PCGS.

wallstreetman

I would trust them more than NTC, thats for sure! NTC makes ACG look good!

NumisEd

Buy the coin, not the holder.

That being said, I must admit that the old PCI green holders were more conservative than the new gold holders. I don't know what happened over there at PCI.

Bear

PCI GOLD LABEL - While miracles have been known to happen, I would not trust a coin in that label

not now, not ever, not at almost any price above face value.