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 Replies: 8 / Views: 4,907 |
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New Member
United States
48 Posts |
While watching an online auction yesterday, a PCI MS-65 graded, 1920 $20 St. G was bid on ---estimate value of $85k. There were no opening bids, so minimum bids dropped to just under $3,000 at which point bidding began. Ultimately the item sold for $6,500---yes, those numbers are correct-3 and $6,500.
So my question is--how do you all account for such a low selling price? --besides the obvious of how the coin was marketed to that group and the affordability ---I wonder of the reliability and validity of the 3rd party grading co PCI. Do you think the items low selling price was due to it being graded by PCI?
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Pillar of the Community
 United States
4591 Posts |
WHICH PCI?
There is the old three-code green label PCI which is reasonably accurate grading, up through the fraudulent PCI of 2010-2011 and also a current company using the shells and name...
-----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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Pillar of the Community
United States
5825 Posts |
PCI coins should NOT be bought sight unseen.
They should NOT be bought from images.
They should ONLY be bought with the slab in hand AND by people VERY versed in grading coins of the particular issue..
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Valued Member
United States
452 Posts |
I've picked up some really great coins at bargain prices in the green PCI label slabs and one in particular in a brown/tan label. They have graded the same or +poits better with NGC. I have also seen some really shoddy coins with a high numeric grade in 'PCI' holders. Caveat emptor. I always give them a look when I come across them.
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Pillar of the Community
United States
4591 Posts |
Yes, but you have to be really careful WHICH green label. The oldest ones - with the three codes on the reverse - are the good ones. The other green label slabs are not as strictly graded. Gold box is garbage. But there are the 2010-2011 fraudulent green label slabs (they use a different font and the green box on the reverse is not a microprint PCI PCI PCI but little blobs) are almost certainly garbage. http://www.coinweek.com/coin-clubs/...eering-laws/-----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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New Member
 United States
48 Posts |
Thanks --it appears the PCI slab in question is green, with a 5-digit number under the barcode and a 10 digit number at the top of the slab label under the PCI logo/name.
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Bedrock of the Community
United States
17884 Posts |
The 6 in the grade, straight tail or does it curve back over?
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New Member
United States
48 Posts |
Condor101--I would say straight
---and what is the consensus on the blue PCI labels?
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Pillar of the Community
United States
4591 Posts |
The present blue bullet train slab label? These are the ones with the 2012.02/nnnnn serial#s.
Hard to tell. It's a small, very quiet company.
You don't see much other than low/mid-priced coins in these slabs.
Judging by the serial#s they've graded 10k +/- coins since opening in 2012.
There are also a number of 2011.95/nnnn coins out there. Either these are trials, predate the official opening in Feb 2012 or ?
-----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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Replies: 8 / Views: 4,907 |
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Posted 06/08/2016 10:41 pm
