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Some PCGS Holders Are Better Than Others — Fact Or Fallacy?

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 Posted 02/13/2019  02:05 am Show Profile   Bookmark this topic Add Sharkman to your friends list Get a Link to this Message Number of Subscribers
The labels on my PCGS slabbed coins are different. Some are green, some are light blue with seven serial numbers, some are light blue with eight, some have gold shields.
Descriptions of coins, even by reputable dealers and auction companies, always seem to point out green holders as "old green holder, or OGH". Usually I see gold shield holders called out. Infrequently I see a reference to seven digit serial numbers or an "older generation" holder.
I understand that many believe that early on TPGs graded more conservatively, and that over time grade standards relaxed leading to grade inflation. This led to a generalized conclusion that earlier graded coins were subject to more rigorous grading, were less likely to be over-graded, and might even be eligible for an upgrade.
Then I read a recent post on this forum stating that TPGs are grading harder than they used to. (Gold Shield?)
I am pretty skeptical about much of this. As a general matter, it may be true that coins of a certain certification vintage are judged more strictly than others, but when it comes to an individual buying decision I am going to buy the coin I like regardless of holder label.
So, I guess I am just curious. Is there anything to this holder vintage business, or is it just another way to try to make a coin stand out in a crowded market?
Also, another curiosity item: is seeking an upgrade an exercise in futility, or do a meaningful number of applicants succeed, i.e., is it worthwhile?
I welcome your opinions.
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spru's Avatar
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 Posted 02/13/2019  02:45 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
...when it comes to an individual buying decision I am going to buy the coin I like regardless of holder label.


I can't add anything about TPG history, but if you stick to buying what you love, then you won't go wrong.
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 Posted 02/13/2019  03:19 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
In terms of the physical holder itself the current version is the far superior version. The optics are the best of any holder and its water/scratch resistant.

That said some of the holder generations themselves are highly collectable. Take this auction below on Great Collections.
https://www.greatcollections.com/Co...hite-Rattler
That is a 1st generation PCGS holder that was only used for a few months and should sell for about $1000 or more just as they have in the past as very few of those were ever made and even fewer are left.

Some people really like the older holders better. There's people doing full collections with just green labels, or just rattlers and they have to be more aggressive when they find one that fits their collection as they have fewer choices so the older holders can pick up premiums that way. Other people try and get one of every holder style just like people who collect Coca Cola memorabilia etc.



As far as grading, a lot of the whole gradflation and loosening of standards thing is way over blown. There's a nostalgia aspect to the whole it used to be a lot better back in the day, but grading has evolved in the last 30+ years just like it will in the next 30+.

The grading scale itself has changed too with the addition of all MS grades and + grades. What this all means is that yes some things have and did upgrade, other things downgraded, and the vast majority stayed the same. Things like DCAM are much harder today than in the past as well. At one point the grading was only 3-5 MS grades in the very early days of the TPGs and comparing the grading then to comparing it to when the full range is being used is really comparing apples and oranges as a lot of things had to be rounded before the full usages.

Upgrades can happen as every generation of holders have things that were undergraded, but they are more difficult than the internet makes them sound. If you have skill and a good eye and put in the effort you can find them, but you will be very very disappointed just cracking out old holders and resubmitting.


The Gold Shield holders are essentially impossible to fake. The label is a little more complex and you would have to match the coin perfectly to the coin inside since they come with TrueViews. Those coins also get digitally mapped which helps weed out state of the art fakes/doctoring methods which is why those usually get mentioned in a listing.


The one major advantage that older holders like a rattler do have over the newer ones is with copper/steel cents. If you have a RD or RB copper coin or a Steel cent with no spots that has been in a holder for decades you know the coin is pretty stable and unlikely to spot or change color when stored properly. Those can and often do get a premium because of that. The stability aspect of the older holders is something that some people really like.



Personally I prefer the new holders because they are so physically superior to the older versions, but I certainly understand the collectability of the older holders. Just don't let someone convince you that just because the holder is old it's a lock to upgrade
Edited by basebal21
02/13/2019 03:21 am
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 Posted 02/13/2019  10:44 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Great, balanced post, basebal21.
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spru's Avatar
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 Posted 02/14/2019  02:11 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
Great info and advice.
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 Posted 02/14/2019  10:03 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting, basebal. Thank you for the summarisation.
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 Posted 02/18/2019  9:34 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
basbal21 you perfectly said it, great post!
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