Finally found a 10 digit green label PCI holder worth buying

Coindexter

After a year of hearing that there were some bargains to be found in the old green label PCI holders with 10 digit serial numbers I finally pulled the trigger on one that looked promising.

1896 MS62 Morgan

In hand (the seller turned out to be a super nice guy that has chatted with me a bit about collecting and apparently ships via rocket) the coin looks to be at least 1 full point undergraded. I feel there is even a small possibility that NGC will put it in an MS64 holder when I send it in.

Based on the auction images I thought there might be a chance that there were some hints of color on the coin, but the toning is exactly as imaged. I think when I crack this out I will give it a quick dip (flame away), as this is the only kind of toning I've ever had success removing and I am not very fond of it.

I didn't think there was much to the rumors about the old PCI holders. Not because I didn't believe the forum members that said so, but rather because I thought most of the undergraded coins would have already been recognized. I guess there are still a few out there.

I know it's no big rip, but I'm pleased with it none the less.

Russ

There are still a few out there. I recently picked up a 1967 SMS Kennedy graded MS65CAM. Easy 66CAM and shot 67CAM at PCGS.

Russ, NCNE

seanq

I recently had a 1943/2-P nickel upgrade ten points, from a PCI 10-digit EF45 to an AU55. They're not automatic upgrades, but there definitely are some nice coins hiding in those holders.


Sean Reynolds

NumisOxide

I agree, looks better than MS62. I hope it upgrades.

coinbuf

She looks real nice and should go 63/64 IMO. There are still some undergraded ones out there but most are like this coin without large price swings to the next grade or two. And every so often you get lucky and find one being sold from a collection that was held onto for many yrs.

Chris

airplanenut

It could go up, but look at the cost--a 63 and you break even... a 64 you make just a few bucks...

AceK

Right. On the common date morgans, there's generally no money to be made on crackouts unless you're upgrading above MS64.

Coindexter

I realize the price differnce between grades below gem for this date are small and also that this coin is by no means a gem. This purchase was really about seeing for myself. The only reason it's going to be cracked out and submitted to NGC is because I needed one more coin for the minimum anyway. I'll be happy enough to break even (it's rare that I even accomplish that).

Myqqy

I've located several morgans over the years that were conservatively graded, or undergraded, in the old pci holders. The biggest problem I've seen though, is that with some, the morgans have developed a strange, streaky, rusty brown toning on both obverse and reverse- but I still enjoy looking for undergraded coins at good prices....

Coindexter

The toning on this Morgan perfectly fits the definition of what I call "mottled."

joecheck

Just curios...You don't think that hit on her jaw will keep her from upgrading?

BTW, I don't really know much about grading...I'm just learning!

seanq

<< <i>The biggest problem I've seen though, is that with some, the morgans have developed a strange, streaky, rusty brown toning on both obverse and reverse >>




The older holders actually cause that toning. I have a Mercury Dime in a 10-digit holder graded "95% white" which is now covered in deep orange and purple toning. This '63 DDO Washington Quarter also exhibits similar toning:




Sean Reynolds

REALGATOR

Here's mine:
PCI green VF35

PhillyJoe

If the coin moves from PCI to PCGS 62/63 I would consider that a nice upgrade.

Joe

GoYankees

I used to keep an informal log on various crackouts and crossovers that mostly included Green PCI slabs.

http://forums.collectors.com/messageview.cfm?catid=26&threadid=314681&highlight_key=y&keyword1=experiment