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PCI Morgan On Ebay

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shadowtrooper78's Avatar
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1370 Posts
 Posted 04/02/2013  09:21 am Show Profile   Bookmark this topic Add shadowtrooper78 to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1882-SILVER...p=true&rt=nc

This one struck me as scary...The pictures leave something to be desired, no way it's a 67. What is scary to me is that I was under the impression that the older PCI slabs were 10 digit serials and those slabs were pretty fairly graded. However the 6 in the 67 resembles the 6 on a newer PCI slab which was when PCI changed ownership and grading became atrocious....I could be completely wrong about this, but I do keep a look out for PCI slabs because deals can be had.

Could someone enlighten me on this particular slab....thanks a lot guys. By the way I did not buy this one.....may have been willing to throw $100 at it but not $500.
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biokemist6's Avatar
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12437 Posts
 Posted 04/02/2013  11:55 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
The green labels are the older style while the last generation from PCI's downhill slide into oblivion used gold labels. PCI's grading on the older slabs was generally fairly decent for classic coins but you will still occasionally find a head scratcher
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shadowtrooper78's Avatar
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1370 Posts
 Posted 04/02/2013  12:02 pm  Show Profile   Bookmark this reply Add shadowtrooper78 to your friends list Get a Link to this Reply
@biokemist6 this is what I use as a reference for PCI holders....it looks like there were 3 generations of green labels. http://www.k6az.com/pci/pci.htm
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Conder101's Avatar
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17884 Posts
 Posted 04/02/2013  5:55 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
There are now FIVE generations of green label PCI slabs. There were three generations when that website was created. In 2009 PCI went out of business and the shells and equipment were sold to David Lawrence Rare Coins and they opened DGS (Dominion Grading Service) with the same shells. DGS lasted about a year and a half and went out of business in August of 2010. In Sept the shells and equipment were sold again and the new owner resurrected PCI. Now here is the kicker, he brought back the green labels with the 10 digit serial numbers, and the "ball and stick" a in mintage and the long hyphen between the date and mintmark all just like the first green PCI slabs (PCI 5). These slabs promptly showed up on ebay being sold as the "Old 10 digit serial number PCI slabs from back when they were strictly graded." And of course the grading was NOT accurate. As you noticed they can be spotted because the use the wrong font on the 6's and the 9's. Well supposedly that PCI only lasted for a month before he closed down. he then started trying to sell the shells and equipment once again.

PCI came back yet again last September. Once again they are using the green borders and 10 digit serial numbers, but this generation of green PCI slab also has a barcode on the front label. There may also be a version of this slab that has PCI down in the lower left corner of the label similar to that used by DGS.

I still need an example of both (all three?) of these green border slabs. The first one is going to be hard to come by though because of the overgrading on the slabs. They tend to go way to high whenever one does show up because people tend to pay based on the label grade and not the actual grade.


Edited by Conder101
04/02/2013 6:01 pm
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shadowtrooper78's Avatar
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 Posted 04/02/2013  10:37 pm  Show Profile   Bookmark this reply Add shadowtrooper78 to your friends list Get a Link to this Reply
Thanks Conder101....man sometimes I feel like the crooks outnumber the honest in the Coin World.....let the buyer beware. On a side note, I've seen a few DGS slabs that have seemed reasonably graded, is that typically the case?
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Conder101's Avatar
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17884 Posts
 Posted 04/04/2013  09:35 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I will have to let others answer that question. I do not buy slabbed coins so as a general rule I don't pay much if any attention to the grading of the coins they contain. I have heard both good and bad about the grading of DGS. In any discussion about the grading ability of a company there will always be some opinions from some that "it can't be good because if it could actually be that grade it would be in a PCGS or NGC holder." They don't actually judge the grading of the coin, they just dismiss it as being substandard because it isn't in a "better" holder.
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shadowtrooper78's Avatar
United States
1370 Posts
 Posted 04/04/2013  09:41 am  Show Profile   Bookmark this reply Add shadowtrooper78 to your friends list Get a Link to this Reply
@ Conder....totally understand that, I prefer raw myself, but I also like trying to find steals on "substandard" slabs and it seems all PCI slabs are kind of grouped together as far as pricing. I also like the old ANACS slabs with the letter/number serials. The DGS slabs I've seen were reasonable but unsure how well they would have crossed over....the examples I saw had a significant price increase with one grade point....decent coins but I passed on them due to the likelihood NGC or PCGS would go for the grade lower.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 04/04/2013  7:20 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The few DGS slabs I looked at - not enough to form a broad opinion - were all quite reasonable. Moot point as regards crossing over, which is IMO a fool's errand.
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goldfinger's Avatar
United States
73 Posts
 Posted 04/07/2013  6:39 pm  Show Profile   Bookmark this reply Add goldfinger to your friends list Get a Link to this Reply
7-8? years ago there was about a year long period on ebay where someone was shoving homemade PCI labels into generic collector slabs ALL with MS67 grade! I bid and won a few of them based on visual grading, usually VF5o or so and ended with a couple very nice ones and a couple duds but I felt ok about it as I was ignoring the 67 grade when bidding. The fact I won on low$ bids says everyone else was ignoring the 67s as well LOL

On the other hand I have a bunch of Ikes in PCI slabs that appear to be genuine and well graded?
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