Gil, do a search PCI green holders and you should find some valuable info. Most of the good stuff has already been cracked out, though. The new, gold holders are all usually 2 point overgraded compares to PCGS. Once in a while I'll chance it on a good looking coin and I'm usually disappointed.
Russ, That line sums it up so well, I'd figure I'd use it, as it's rare I get to respond to thread before you do. You know the old saying - flattery, etc.
I wish there were more of the old green-label PCI holders (with ten or fourteen digit serial numbers) around I've read that those often cross to PCGS. Most of the good ones are no longer in PCI slabs, since PCI's reputation has suffered considerably since a change in ownership and location.
If the question is about current PCI grading standards, I feel that they grade circulated coins pretty much the same as most services, but are less likely to note problems on the slab. The disturbing information I have heard (from a former PCI gold-label era grader) is that submitters often ask the grader for higher grades, which are often granted in bulk submissions. A collector anonymously submitting a few coins might still get them back with the same grades a more respected service would give them. (I have an 1876-CC quarter in PCI VF-35, submitted in person from a collector, as an example). However, so many current PCI slabs came in through bulk submissions from PCI's "best customers" that this service's overall reputation is tarnished.
After ACG fell out of favor with certain volume sellers of "certified" coins, someone had to step up to fill a vacuum.
"Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor
I used the old PCI a lot. In those days it was a great deal.
For $6 to $8 you had a nice holder and they listed the varieties. Many times they caught a variety I had missed. Even problem coins would slab (with a red label). This was nice for a rare coin with a problem.
Today, I feel most would grade + or - a point. They were really hard on some series.
Morgans come to mind first.
Seated coins with toning seemed to usually come back AU, with very few grading MS61-62.
Franklin proofs had a hard time getting past a 64 grade. Lots of PQs but few 65s.
Just my opinion. Don't go buying coins based on it. I feel that most of what's out there has been picked over.
gil
Posts: 988
Comments
The grading at this point is IMHO just plain BAD and most if not all are overgrades.
Dennis
Edited to change holder olders in older holders
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find some valuable info. Most of the good stuff has
already been cracked out, though. The new, gold
holders are all usually 2 point overgraded compares
to PCGS. Once in a while I'll chance it on a good
looking coin and I'm usually disappointed.
Please check out my eBay auctions!
My WLH Short Set Registry Collection
That sounds eerily familiar.
Russ, NCNE
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Didn't this thread just happen a couple of days ago?? >>
Perhaps he was wondering if anything changed since then
My posts viewed
since 8/1/6
David
<< <i>Barry,
That sounds eerily familiar.
Russ, NCNE >>
Russ,
That line sums it up so well, I'd figure I'd use it, as it's rare I get to respond to thread before you do.
You know the old saying - flattery, etc.
If the question is about current PCI grading standards, I feel that they grade circulated coins pretty much the same as most services, but are less likely to note problems on the slab. The disturbing information I have heard (from a former PCI gold-label era grader) is that submitters often ask the grader for higher grades, which are often granted in bulk submissions. A collector anonymously submitting a few coins might still get them back with the same grades a more respected service would give them. (I have an 1876-CC quarter in PCI VF-35, submitted in person from a collector, as an example). However, so many current PCI slabs came in through bulk submissions from PCI's "best customers" that this service's overall reputation is tarnished.
After ACG fell out of favor with certain volume sellers of "certified" coins, someone had to step up to fill a vacuum.
<< <i>PCI slabs are no better than raw.
May I ask what is wrong with raw coins? Some of the best coins in my collection I bought raw.
Semper ubi sub ubi
For $6 to $8 you had a nice holder and they listed the varieties.
Many times they caught a variety I had missed.
Even problem coins would slab (with a red label).
This was nice for a rare coin with a problem.
Today, I feel most would grade + or - a point.
They were really hard on some series.
Morgans come to mind first.
Seated coins with toning seemed to usually come back AU,
with very few grading MS61-62.
Franklin proofs had a hard time getting past a 64 grade.
Lots of PQs but few 65s.
Just my opinion. Don't go buying coins based on it.
I feel that most of what's out there has been picked over.