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Who Is PCI And Are They Reputale ?

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Valued Member

Canada
495 Posts
 Posted 12/30/2014  5:03 pm Show Profile   Bookmark this topic Add macdon to your friends list Get a Link to this Message Number of Subscribers
I noticed this company on an auction site I was on as the grader and my eyesight being what is without glasses thought it was PCG and made a purchase of the coin that popped up a MS 70 USA 1987 Silver eagle but am concerned I made a mistake- anyone out there have any dealings with this TPG?

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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 12/30/2014  5:40 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
They aren't one of the top tier TPG's, but if I remember correctly coins in their old slabs were graded conservatively.
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denco7's Avatar
United States
2543 Posts
 Posted 12/30/2014  6:08 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
They were at one point a premier grader, as said above, their old slabs are accurately graded and somewhat sought after. Their grading got sloppy and their reputation faltered. The new owners of the company are trying to bring the company back to prominence, with mixed results.
PCGS has a population of 20 for 1987 MS70, and that is huge for a 80's 90's ASE. Most of those years have zero to single digit 70's.
So your PCI Eagle could genuinely be a MS70, but due to a lack of trust in P{CI grading standards, it will not command the $900-$1200 price tag that a PCGS 1987 MS70 Eagle would command.
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loganjonathan's Avatar
United States
272 Posts
 Posted 12/30/2014  7:03 pm  Show Profile   Bookmark this reply Add loganjonathan to your friends list Get a Link to this Reply
I saw them last year at the FUN Show in Orlando the owners were there and seemed very nice. They have been through alot, but from what ive heard their grading used to be the bomb.com
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 12/30/2014  7:08 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I don't know much about them, but I do know they are not reliable. I consider them to be a basement slabber, but they do a better job than most of the other basement slabbers out there.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/30/2014  8:00 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
There's no real way to evaluate where they're at now, but they were Third World for a long darn time. I doubt PCGS is worried. Does anyone know any of the new owners? That might have a bearing on my opinion.
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BStrauss3's Avatar
United States
4589 Posts
 Posted 12/30/2014  8:00 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
There are five [six? seven?] different companies and owners who have used the PCI name since the mid 80s. This is from memory, so take it with a grain of salt.

The early stuff - green borders - were MOSTLY ok ... at the time. Although even there, ymmv. Most people find the two [three?] versions with the gold borders to be, um... less than competently graded.

After that faded away there may have been an intermediate company, then were bought by David Lawrence Rare Coins. Renamed DGS [Dominion grading service].

DLRC shutdown DGS and sold the name PCI and thr slab moulds to somebody who was going to do the new PCI. That never flew and after a year or so the new-new PCI showed up.

You can look at the Internet WayBack machine for the history of their website for a lot of this.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 12/30/2014  8:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
I bet PCI is fun in the Wayback Machine.

Their older-generation, 10 digit serials in the green border were nicely done. Even cherrypicks for a while, when the TPG's were sliding and you could easily upgrade one cracked and sent in. But most of the best ones are gone and the TPG's have tightened, so they're just "worth looking close" now. The type is set in a Futura family face, with circular letters and flattened numbers, like so:

Who-Is-PCI-And-Are-They-Reputale-?

Those are the good ones.

Edit: I'm linking the thread where I posted the coin whose label appears above. The coin and the grades offered say it all.

http://www.coincommunity.com/forum/...PIC_ID=45869
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jimbucks's Avatar
United States
4691 Posts
 Posted 12/30/2014  8:40 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
They were one of the first on the TPG scene. Over the years their grading has become inconsistent and they fell from grace. Older slabbed coins may offer a relative bargain, however, I suspect many of the properly graded coins have been cracked out.
Valued Member
Canada
495 Posts
 Posted 12/31/2014  07:45 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
The slab holder for the one I got has a PCI green logo on bottom left side and date 2102.02/6179 on it - must be the newer version.
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BStrauss3's Avatar
United States
4589 Posts
 Posted 12/31/2014  09:03 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
Green? Typically I've seen it as blue, as shown here: http://pcicoins.com/ [In my head I call it the bullet train version] and I have only ever seen 2012.02/n serial #s. Not sure what it means, but even at 5 digits, that's a total volume in two years of a slow week @ PCGS.

They call themselves the new PCI, referencing the 1989 version and conveniently leaving all the Intermediates out of the picture. Including the September 2010 'new PCI' which is why I call this new-new-PCI.

-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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BStrauss3's Avatar
United States
4589 Posts
 Posted 12/31/2014  09:13 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
OP: can you point me to a photo of the coin in holder?

FWIW, the whole grading of bullion Silver Eagles is - IMNSHO - a scam and unless you paid an absurd premium over spot, you didn't do too badly...
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Valued Member
Canada
495 Posts
 Posted 12/31/2014  09:24 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
BStrauss

Ill try and submit a pic but I think your right about the color it must be blue not green could be my computer or eyesight which is not great these days.
Valued Member
Canada
495 Posts
 Posted 12/31/2014  09:28 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
BStrauss

I can email a pic to you if that's ok?
Valued Member
Canada
495 Posts
 Posted 12/31/2014  09:46 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply


Who-Is-PCI-And-Are-They-Reputale-?
Valued Member
Canada
495 Posts
 Posted 12/31/2014  09:48 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
I just posted a pic of the MS70 graded by PCI

Thanks for input.
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