Advice on PCI graded

twodrhrdtp

I have never owned a pci slab but hear they are known for over grading. Are they worth a 2 grade discount.

Coinhusker1

It can vary, could be 2 points, could be 3 or higher, there is not "set" rule of thumb.

In effect, you have to consider the coin a "raw" coin and judge grade and value based on your examination of the coin.

numonebuyer

1. Grade the coin for yourself.
2. I assume the coin in question is uncirculated, since you refer to 2 points. You can be sure of 1 point, but 2 points is not a bad assumption.

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orie

I've had good luck with PCI on crossovers. A one grade discount more often then two.

coinbuf

With PCI coins you must judge each coin on it's own merit. I've seen PCI holders that are undergraded by a point as well as cleaned and damaged coins not noted as such.

Chris

GAT

All you need to know about PCI

PerryHall

I've seen cleaned coins in the PCI gold holders. At the major grading companys that would earn you a body bag or net grade (ANACS).

Stuart

Twodrhrdtp: Here are three tougher date Carson City Morgans which I cracked out of PCI Green Border Label holders had graded by PCGS about a year ago.

I even kept the cracked slabs and labels as documentation and to use as examples for future purchases.


The 1881-CC was a PCI MS-64 PQ and is a gorgeous Semi-PL Frosted Cameo in the older 10 digit S/N holder, which crossed to PCGS MS-64 (still looks 65 to me).




The 1885-CC was a PCI MS62 DMPL in the newer PCI Green Border label with 14 digit S/N holder, which crossed to the same grade as PCGS MS-62 DMPL




The 1890-CC was graded PCI MS62 PL in an older 10 digit S/N Green Border label holder, which crossed to PCGS MS62 (without receiving the PL designation) -- looks MS63 Semi-PL (or possibly 64) to me...

1890-CC PCGS MS62 Morgan Dollar -- New Photo

Myqqy

Kool aid drinkers will tell you that anything and everything in any generation pci holder is bad- which really isn't true. I have found many morgans in older pci holders that are accurately or slightly undergraded- typically, much more caution is advised when dealing with newer gold pci holders......

Stuart

I agree with Myggy's comments and would also add that it is always best to see all certified and raw coins in person to give them a thorough looking over prior to purchasing.

It's always best to purchase the coin and not the holder.

PerryHall

Don't confuse PCI green label with PCI gold label. They are two different companies and they had two different grading standards.

777

Best advice---AVOID

airplanenut

<< <i>Best advice---AVOID >>

No, best advice: look at the coin, not the holder. Novel concept.

JSsson

Whenever I try to buy a PCI graded coin all dealers try to charge me the greysheet price for that grade! I personally think they're worth less, but the dealers I talk to don't agree with that!

lordmarcovan

The old PCI green label holders are often undergraded. But you have to judge it on a coin-by-coin basis.

airplanenut

<< <i>Whenever I try to buy a PCI graded coin all dealers try to charge me the greysheet price for that grade! I personally think they're worth less, but the dealers I talk to don't agree with that! >>

Worth less because they're overgraded, or because they're in PCI holder? I've seen some PCI coins that are worth multiples of sheet, and I've seen many more that are overgraded. COIN, NOT HOLDER.

Stuart

I have found through personal experience that many dealers focus solely on PCGS and NGC coins, which can in some cases allow one to negotiate a price one or two grades lower for a PCI (or other) certified coin that is either solid for the grade, high-end for the grade, or perhaps even undergraded by a point.