Green label vs. New label

Cladiator · January 11, 2004 11:24AM

Howdy,

I have several PCGS coins that have the old green labels. Personally I think they are visually unpleasing (not the coin, the label). I contacted PCGS and they said they will "reholder" the coin without regrading it so it will have the new style label.

Question - Do the green label slabs have a premium over the newer slabs? Is it a numismatic "no no" to reholder these coins and dump the green label for new labels?

I'm not going to have the coins re-graded...I'm not looking for any upgrades at all. I just want to change the labels.

Thanks for your input

fcloud · January 11, 2004 11:29AM

Hey it is your coin/slab do what you want.

Some people think the older coins are under graded, but I think it is about the same as coin/slabs of today. It they would have been worth an upgrade, it would have been done by now.

JrGMan2004 · January 11, 2004 11:29AM

I like the Green Labels... and green label slabbed coins appeal to me more than the same coin in a newer holder... and Bill Jones put it well... when you see a coin in a Green Label holder, it's not likely to change on you, since it's already been in the holder for 10 or more years... if there was a fingerprint that didn't show when graded or a spot or anything else that popped up while in the holder, it'd already be there, so you can be pretty sure that a Green Label slab won't change on you...

Blade · January 11, 2004 11:33AM

Undergraded coins in green label slabs - IMO - are just as likely to be undergraded as newly slabbed coins. People are confusing "old" holders. It's the old rattlers that had the upgrade potential and not so much the green ones. As told by David Hall, they used to max out the grading at MS65, with very few coins graded higher in the old rattler days. So you had an opportunity to buy PCGS MS65 and get an upgradable MS67. Most of these have been cracked already.

Jr G makes a point about the proof of longenvity in an older holder. There may still be a myth about undergraded coins in green holders, but it is not commonplace.

291fifth · January 11, 2004 11:34AM

Every time you reholder a coin you risk damaging it. I'd say just leave them like they are.

Cladiator · January 11, 2004 11:38AM

<< <i>Every time you reholder a coin you risk damaging it. >>

Hmmm...dang good point. Now I gotta really think on this one.

Shamika · January 11, 2004 11:49AM

I like the green labels!

BAJJERFAN · January 11, 2004 12:32PM

I like em too! Got lots of em. Imagine sending in your problem-free green label coin only to have it come back in a blue label slab and have fingerprints on it. I believe they finally have that print problem under control tho. If it aint broke, don't break it!

Placid · January 11, 2004 12:55PM

Just a fyi. In Nov of 98 PCGS stopped using the green label.

Stuart · January 11, 2004 1:18PM

Cladiator: I agree with Shamika & BAJJERFAN -- If it aint broke, don't break it! I also like the old green labeled coins. I'd recommend leaving well-enough alone

nankraut · January 11, 2004 1:28PM

JMHO: I am OLD; green holders are OLD; OLD is GOOD

oreville · January 11, 2004 1:34PM

Also a coin in a older holder gives the buyer some peace of mind that the coin is stable in the holder and is not one of those coins that can turn bad in the holder. A strong selling point!

Of course someday when PCGS goes to pink inserts then the current blue inserts will become more desired.

People love what they can't have. Right now you cannot get a coin slabbed in green insert even if you paid PCGS megabucks. Gold perhaps, but not green!

ccex · January 11, 2004 2:15PM

Green label PCGS coins suggest to buyers that they were graded when PCGS was more conservative than today. There may be a slight premium on these slabs just because of hopeful buyers who don't realize how many of the undergraded PCGS coins have been cracked out already and entombed in a slab with a higher number.

PCI green label coins are another story altogether. They are much more likely to be a better coin than one of the same date in a current PCI gold label holder. Many PCI green label coins would get the same grade if crossed to PCGS today.

sumner1984 · January 11, 2004 2:21PM

<< <i>Every time you reholder a coin you risk damaging it >>

..... This is true. I had a common 1923 Peace$ NGC MS65, I liked the coin so I thought I would cross it over to PCGS, it crossed to PCGS at MS64 but with a small lamination that wasnt there before. They wanted me to send it back to them to look at it.They didnt offer me a pre-paid shipping label so I didnt bother. I still like the coin but I wouldnt cross or re-holder again, just to risky.They said they are only responsible if the damage was caused during slabbing, not after ! How could this be proven either way. Wich is another reason why I will never by NGC, since I will always want the coin in a PCGS holder, I will just buy a coin in the PCGS holder from the start. As far as green inserts vs. blue inserts, I prefer the old green inserts also, with the gold PCGS hologram on the back, the green holder just looks more financial looking than the blue ,if that makes any sence.

stman · January 11, 2004 3:13PM

How bout in this green holder?

ms70 · January 11, 2004 3:44PM

<< <i>Just a fyi. In Nov of 98 PCGS stopped using the green label. >>

Placid, 1998 or 1988?

Placid · January 11, 2004 3:53PM

1998 for the current size holder with green label.

If you put the words pcgs generations in the search box you will find Conder101's thread with all the pcgs slabs and info in it.

HavanaJoe · January 11, 2004 4:00PM

I vote for leaving it as it is. Let's a potential buyer know that the coin has been slabbed years ago and is stable.

Cladiator · January 11, 2004 4:22PM

Thanks for the info and the advice guys. I think I'll leave them in the old holders.

BAJJERFAN · January 11, 2004 9:17PM

Well the other option is to look for more coins in green label holders to match what you have OR maybe even consider trading with someone.

nepbrs44 · January 11, 2004 9:21PM

I like the green label holders too.

CarlWohlforth · January 12, 2004 2:18AM

I like the green label holders too. They also had matching green boxes that hold 20 slabs.

It seems to me that older rattlers and green label holdered coins are probably, on average, accurately graded. It is the coins with upgrade potential that get cracked out and resubmitted hoping for a higher grade. The ones that won't upgrade are left alone in the older holders.

Here is an even older green label holder:

Lakesammman · January 12, 2004 2:22AM

Red copper in old holders = stability

Dog97 · January 12, 2004 10:16AM

<<<Is it a numismatic "no no" to reholder these coins and dump the green label for new labels?>>>
There's only like 50 million different models of green labels so the answer to your ?? could be yes, no, or maybe.

Steve · January 12, 2004 10:57AM

I like the blue labels for my Lincoln cent collection. I like the numbering system which makes it real neat since I have all the proofs in the 14PR series. #1 thru #66. Of course I have a mix of bar codes on the front and back. But in reality, it is the COINS in the blue label that make it for me. I guess some who have the green labels like the various colors some of them turn over the years. Anyway you want them, if they are PCGS, they are tops. JMHO. Steve

Green label vs. New label

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