Options
Do old pcgs holders have wrong grades?
Panda4456
Posts: 362 ✭✭✭
I heard the older pcgs holders are under graded. Is it true that grading was more conservative back then and if you crack it out and resubmit the coins they will come back 1-2 grades higher?
0
Comments
Some coins in older holders are conservatively graded, while others are on the money or loosely graded. The same goes for coins in newer holders. Over a long period of time, many or most of the under-graded coins in older holders have been cracked out or otherwise been resubmitted. It would be wise to focus on the coins, not the holders.
Edited to add: Do you really think it could be anywhere near as easy as you asked?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
"While SOME old holders have WRONG grades, ALL old holders have OLD grades" -- Karl Marx, or Groucho?
If that was true, do you think there would be any older holders left?
Sardonic
Ones I have sent in: Some upgrade some don’t.
Profound.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
I do not know for sure, but, in the very beginning of PCGS slabbing, were grades of MS 61, MS-62, MS-64, and 66-69 even used? I thought that grading in these grades came along later. (or maybe I am thinking of NGC or ANACS?). I just don't know anymore, but if this was the case, upgrading from a MS-63 to MS-64 might be easily doable to the trained eye.
@rec78, you are thinking of ANACS, before PCGS.
There's a thread which links both parts of the articles by Tom DeLorey:
https://forums.collectors.com/discussion/936964/the-history-of-the-first-third-party-coin-grading-service-anacs-by-tom-delorey
Grades for coins stated on the label in a slab (whether 30 years old or one month old) are opinions.
Opinions (like socks and underwear) change every day (at least these items of clothing should).
Who is to say if yesterday's opinion was correct or incorrect when compared to today's opinion.
The opinion aspect of grading is both frustrating and fun. Sometimes both at the same time.
While you or someone else might disagree with the TPG opinion, it’s far from moot.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
DUDE That WAS a trade secret.
Buy the coin not the holder.
Secondary might be a better choice of words.
Would love to hear your thoughts on grading and becoming an expert at grading.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
And now you'll have alerted more people...dude. . I would capitalize dude but that would draw even more more.
Somebody call?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I must be a dinosaur.... I still consider the holder shown by the OP as one of the newer holders...
Here's my take on being a good grader. Start with good eyesight and a good memory. Grading is in many ways a pattern recognition game. While some grading skills are generalizable, it takes time to learn the nuances of each series and type of metal. Spend A LOT of time with a lot of different coins, and maybe most importantly, have a great teacher/mentor. The ANA grading classes would probably skip anyone ahead a couple of grades, no pun intended.
You could go to a huge auction and view 1000 coins in the lot viewing and compare "your" grade with the slab grade. Over time, you might gradually improve your grading skills, but having a pro sitting next to you who could explain why each coin was graded the way it was would advance your skills much faster.
Finally, relying on your grading skills to make a living could also be a powerful motivator.
I've benefited from some of this, but there are still HUGE holes in my grading database and skill set.
I get sidetracked in proof sets and moderns.
Shocks me when I compare mint sets from the same years.
What started as cheap fun has really paid off as I hit my first ever top pops.
Really tried to find one crackout worthy Morgan in Augusta yesterday.
Two MS64 candidates were just too common with no real upside.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
In a world of conservative among the liberal lot, of course. Standards change. It's no secret at all.
``https://ebay.us/m/KxolR5