Old label .vrs. new label PCGS

achillesaero

Why do alot of people say early on that the old pcgs labels typed print were undergraded?, and if those same coins graded now,they would be a grade higher,are thier standards any lower now than before?

garsmith

In some cases, not all, PCGS used strickter grading standards and by thier current standards some coins when regraded will get a higher grade!

Grading is subgective and not all older slab coins will grade higher, you still have to buy the coin not the slab!

Wolf359

<< <i>Why do alot of people say early on that the old pcgs labels typed print were undergraded?, and if those same coins graded now,they would be a grade higher,are thier standards any lower now than before? >>



Marketing buzz so dealers can charge higher prices. Actually PL and DMPL standards for morgans are tougher now than before. But if PGCS came out tomorrow with pink labels, dealers would claim all the current blue ones were undergraded. As usual, look at the coin, not the holder.

Wolf359

In some cases, not all, PCGS used strickter grading standards and by thier current standards some coins when regraded will get a higher grade!

PCGS denies standards have changed, and I agree with that. What changes is human nature and yesterday's 64 becomes tomorrows 63 or 65.

CoinKing1969

I probally would not say that PCGS was stricter back in 1986. Although, alot of beautiful coins that were in collections for decades started to find themselves in slabs. I would say that PCGS has stuck with their grading standards from the begining, and some like NGC and ANACS over the years became slightly forgiving. Even PCI was pretty good with grading in the early 90's. I probally have over 200 "first generation slabs" and most are graded correctly. They tend to have great eye appeal.

ricko

If you like the coin, if you can afford it.. buy it. Grades are subjective....and although some old holder coins have upgraded, many have not. That news does not get broadcast as much (although some have stated it recently here). If you are buying it to upgrade, you had better know what you are doing.. or it is money down the tubes. Cheers, RickO

PerryHall

<< <i>I would say that PCGS has stuck with their grading standards from the begining, and some like NGC and ANACS over the years became slightly forgiving. >>

roadrunner

It's certainly not all dealer buzz. Most every old holder coin I purchase and sell, I pay a premium for and recover that upon sale as well. Then again, I don't usually buy crud in old holders and expect a windfall from that. If you get to select the coins it's a whole different story....if someone else does, your odds drop off dramatically.

Fresh groups of old holdered coins are still like hitting the jackpot.
If you have first hand knowledge of such coins, it would be quite possible for 50-90% of those coins to upgrade. If the original buyer knew something about grading or was fussy, you can bet that most of those have some upgrade potential....esp if bought back in the 1986-1992 time frame. Old holders from the mid-90's offer far less potential.

One can find undergrades just by being the first one to look at coins just returning from the TPG's. This is just as good as finding fresh old holdered coins considering that 5-20% (on average) of what gets sent in will be undergraded. In some cases I have seen entire submissions undergraded that once returned, all went up 1 pt on average. It happens.

roadrunner

oreville

Previous comment and reply:

<< Why do alot of people say early on that the old pcgs labels typed print were undergraded?, and if those same coins graded now,they would be a grade higher,are thier standards any lower now than before? >>

<<<<<Marketing buzz so dealers can charge higher prices. >>>>>>

My comment:

Beware when you hear that the older PCGS slabs is marketing buzz so that dealers can charge higher prices.

The reality is that collectors such as myself, roadrunner are constantly on the prowl willing to pay higher prices for the older PCGS labeled slabs because they are much more often PQ or even undergraded for the assigned grade.

I have done numerous studies in which I put an equal number of old PCGS slabs side by side to the newer PCGS blue labeled slabs.

Need I tell you which group collectors over 90% of the time look at first and at ALL of them?

This is NOT to say that once in a while you won't get a great PQ or even undergraded coin in the newest PCGS holder.

Wolf359

It must be the way I say things. You guys read the first sentence and lose the rest. The poster
wasn't specific and neither was my answer.

""As usual, look at the coin, not the holder"" was my entire point.

GrumpyEd

Look at each coin and decide.

If you get lucky and find an upgrade candidate buy it.

Barndog

some are saying that PCGS is quite tight right now.

fc

sigh. use the search function on the forum. search grade inflation.

doh

FC, if posts like this make you *sigh* then why do you respond to them...it just puts them back to the top. Sigh.

LeeG

Barndog

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just let me know when it goes up for sale