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PCGS green label slab question

I am not sure if this is the right forum to ask these questions:
I just acquired a PCGS graded Canadian 5 cent coin which has a green label
Are green labels still used?
If not, when did they stop using green labels
would you suggest to have it re-graded? Like crack it out and completely re-grade it
presently it is AU 58 and a slightly pricey coin in any grade.
I heard green labels are old and that the grading Technics used some time ago have changed?
is there some truth to it?
thanks everyone for chiming in on this one.
Have attached an image.

Today is the first day of the rest of my life

Comments

  • RMWRMW Posts: 219 ✭✭✭

    The green PCGS label is the old one. Someone else would have to tell you when the switchover took place, but it appears that grading standards were more strict in general under old labels.
    Having said that, has this piece been cleaned and perhaps dipped?

  • TomBTomB Posts: 20,697 ✭✭✭✭✭

    PCGS stopped using that generation slab in 1993 or thereabouts. In my opinion, the coin is likely slightly more liquid and more valuable than if it were an AU58 today, which I believe it would still earn.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • YQQYQQ Posts: 3,264 ✭✭✭✭✭

    RMW & TomB
    Thanks for your input
    I know what u are saying. But I assure you the coin looks great in hand through the slab, tons of luster, no signs of cleaning at all, some bag marks.
    I am tempted to say that it was caught "in flight" directly after ejected.
    It has multiple die breaks and a couple different die clashes.
    I am tempted to break it out to get closer to all the real goodies on it. B)
    On the other hand, do I want to loose the 58 grade? up to higher, yes..but lower?? Not so sure.

    Today is the first day of the rest of my life
  • RMWRMW Posts: 219 ✭✭✭

    OK. Ive seen all kinds of ads that tout old PCGS slabs implying that the grading was more strict than under new generation pieces.
    And although I have never done it myself, perhaps you can get PCGS to reslab with the old grade. Yo can always ask, especially if the old slab is scratched or something.

  • PokermandudePokermandude Posts: 2,709 ✭✭✭

    The grade looks to be correct on that one.

    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • TomBTomB Posts: 20,697 ✭✭✭✭✭

    I think the coin shows wear on the brow above the eye, along most of the cheek and perhaps on the lock of hair in front of the ear. The luster has been disturbed in those areas in a manner that is consistent with very light circulation, so I think the AU58 grade accurate and likely reproducible.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • ashelandasheland Posts: 22,612 ✭✭✭✭✭

    I would totally leave that in the old slab. You have a stable coin and solid grade there, it looks good, too.

  • YQQYQQ Posts: 3,264 ✭✭✭✭✭

    Thank you all for your interesting comments.
    I am tempted to crack it and have it regraded.
    Yes, it might come back as a 55 but I daubt it much.
    IMO it has good potential to come back 60, or even better.
    will decide next year.
    NGC or PCGS??? big question. o:)

    Today is the first day of the rest of my life
  • PokermandudePokermandude Posts: 2,709 ✭✭✭

    I would absolutely leave it as is. I don't see any upside at all. There just isn't enough lustre for a higher grade. ICCS would probably ding it down to 55 or even 50.

    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • YQQYQQ Posts: 3,264 ✭✭✭✭✭

    Pokerman, thanks for that.
    How was the show for you?
    I heard from George Manz. it was not so great.

    Today is the first day of the rest of my life
  • ElmhurstElmhurst Posts: 768 ✭✭✭

    Looks like it had a light wipe, leave as is.

  • YQQYQQ Posts: 3,264 ✭✭✭✭✭
    edited October 4, 2017 7:29AM

    Thank you all for your input.
    It is much appreciated

    Today is the first day of the rest of my life
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