Grades in! PCI MS65 = PCGS MS66

jmj3esq

Well my grades were posted by 5:00 pm yesterday, with some interesting results:

1. I was at a coin shop a few weeks ago and saw a nice 1936 Texas Commem graded and holdered by PCI MS65. It cought my eye so I traded a few unwanted coins for it (dealer was asking a respecable $130 for it). I took her home and nervously cracked it out (my first crackout). Yada, yada, yada, sent it to PCGS and was supprised to se it grade PCGS MS66!!! Can you beleive a PCI MS65 was upgraded by PCGS?! I am very pleased with that.

2. Bought an ANACS MS64 1921 S Morgan. Looked like it could have went 65. I was having trouble deciding to crack or try to cross. I certainly did not want a downgraded, which I risked when I decided to crack her out. PCGS also graded the 1921 S MS64.

There were 2 questionable BB that im pissed about and an what I consider an undergraded wlaker. The Texas MS66 and the 1921 Cross made up for that.

Regular Submission order in on 3/7/06. Grades out on 3/30/06. With the blackout dates it was 15 days on the nose.

ziggy29

Old PCI, I assume? Green label, ten-digit serial number? That I can believe. Otherwise I'm shocked and stunned.

Steve27

Did the PCI holder look like this one:

jmj3esq

The holder had a gold label but the holder otherwise looked the same.

ziggy29

<< <i>The holder had a gold label.... >>

fc

it is a commem though.
i see those gold label pci slabs with early gold and
i simply refuse to be the sucker to attempt to buy
one site-unseen.

it appears jmj, you have a good eye. well done.

jmj3esq

Why the shock? Whats with the gold labels?

jmj3esq

it appears jmj, you have a good eye

I guess there is a first for everything.

jacktheknife

I am completely convinced that you got the grade you deserved because you cracked it out. My bet is that if it had been sent in for crossover the results might not have been so good.

Congrats

Jack

jmj3esq

I am completely convinced that you got the grade you deserved because you cracked it out. My bet is that if it had been sent in for crossover the results might not have been so good.

I agree 100%. The results would have been MS64. I have anothor PCGS MS66 Texas Commem, that is not as nice as the one I found in the PCI holder.

ziggy29

<< <i>Why the shock? Whats with the gold labels? >>

They are from a different "incarnation" of PCI, so to speak, where overgrading was rampant.

And I agree with what has been said before -- this had to be a crackout, because there's no way a crossover in a PCI slab -- especially gold label -- crosses over often, let alone get a bump.

Wolf359

Maybe they've improved. Mine just went same grade at PCGS, cracked of course. PCI Gold 65 Morgan.

pursuitofliberty

Interesting comments on the PCI gold labels here ... I just bought and cracked one out ... a little different coin and a little different grade ... but it was undergraded in the PCI holder ... first one of those I'd seen in years (other than the greens)

I also bought mine sight seen though

Deadhorse

These are the first gold labels I've ever heard of upgrading at PCGS. WOW!! Even moreso to a 66. Double WOW!!!!

I've done some cherry-picking with the green labels, but most of that low hanging fruit has already been picked.

GAT

Yeah, and I have two old green 10 digit PCI MS66 Morgans that are now PCGS MS65. To be fair I think they are undergraded. They were both cracked out before submitting.

Connecticoin

<< <i>Why the shock? Whats with the gold labels? >>



In general, MS PCI Gold labels are overgraded by 1, 2 sometimes 3 grades. Every once in a while they "screw up" and grade fairly or undergrade. Just another reason to buy the coin and not the plastic.

I once found a 45-D Walker graded MS-65 by NNC -- which graded MS-65 at PCGS. I paid only $30 for it becuase NNC grading is even more atrocious than PCI -- they overgrade by 2 to 4 points -- but they "screwed up" by not overgrading the Walker!

holeinone1972

So what is the approx value now in a PCGS holder?

Good find, and better luck on the grade.

Bruceswar

PCGS Price guide is $370.00 on it, as for a real market value I am not sure...

Rampage

I bought a PCI Gold Label 1972P Type 2 IKE graded AU50. I cracked it out and sent it to PCGS where it graded MS63 (rightfully deserved). It just goes to show that there are some good deals to be had.

LeeG

Very nice upgrade! This one was in a PCI Gold label MS66 RB holder. Cracked and crossed to PCGS MS65 RB:

xbob

Nice post. This thread has convinced me to take a shot at a PCI coin I'm looking at. I do know it could (probably will) downgrade but I'll bid accordingly.

Thanks.