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Grading Companies

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chris12018's Avatar
United States
2130 Posts
 Posted 02/27/2009  11:05 am Show Profile   Bookmark this topic Add chris12018 to your friends list Get a Link to this Message Number of Subscribers
Is PCI a recognized grading Company?
Edited by Sap
02/28/2009 01:37 am
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/27/2009  11:39 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
PCI was a legitimate TPG but their problem was that they had alot of ownership turnover so their standards loosened quite a bit over the years, especially in regards to moderns. I believe that the grading of the green labeled slabs tended be be better than the gold labels. They went out of business last year, were repurchased by David Lawrence Rare Coins and reopened as Dominion Grading Service to supposedly get rid of the old PCI baggage. From what I have heard the new DGS is fairly conservative with their grading and they are making online photos available for all coins over a certain value($100). Time will tell whether they can join the ranks of the current top 4.

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chris12018's Avatar
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2130 Posts
 Posted 02/27/2009  11:52 am  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Thank You, Now I have another ? I have a 1970 D Washington quarter in a PCI slab It says Struck on Dime Stock a dime is 2.3 grams, a nickel is 5.2 grams, a quarter is 5.7 grams The one in the PCI slab is 4.3 grams . so why does it not wiegh 2.3 grams as a dime does?
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biokemist6's Avatar
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12437 Posts
 Posted 02/27/2009  12:06 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Dime clad stock, not struck on a dime planchet- that is a key distinction. The planchet was the same thin metal stock used for dimes but the planchet was the size of a normal quarter planchet, hence you get a thin coin with a weight between that of a dime and quarter.
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chris12018's Avatar
United States
2130 Posts
 Posted 02/27/2009  12:31 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Thanks again Bio. How do ifigure value on this item?
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pyrbob's Avatar
United States
1943 Posts
 Posted 02/27/2009  2:03 pm  Show Profile   Bookmark this reply Add pyrbob to your friends list Get a Link to this Reply
This is a common date for wrong stock strikes. About 5 or 6 years ago I won one of these at a CONECA banquet. At that time I was told it was worth about $20-$25. I don't know what the current value is. Wait to see what Mike Diamond or one of the other experts has to say. I'm curious myself.
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biokemist6's Avatar
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12437 Posts
 Posted 02/27/2009  2:51 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I do not really know the value, all I can say is that it would be worth much more if it was actually struck on a dime planchet and not just dime stock.
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chris12018's Avatar
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 Posted 02/27/2009  3:07 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Thanks again Bio. I do appreciate your help.
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United States
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 Posted 02/27/2009  6:50 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

Thanks again Bio. How do ifigure value on this item?


Not an easy thing to say. Although error coins have had an amazing climb in popularity lately, there is not to many places that list prices on them. The Red Book, 2009 edition page 404, attempts to list prices error coins. And as usual, the prices there are just a guess made a long, long time ago.
One of the problems with an error coin price listing or guide is the vast amount of varieties of errors. Take a 1972 Lincoln Double Die for example. Not only the grade but the amount of doubling can and does warrant numerous different prices. This is the same with all errors. At coin shows lately there are coin dealers that have large amounts of error coins with large variations in prices. What you pay for an error coin is what it is worth.
Probably the only way to find out what an error coin is worth is to put it up for sale on ebay. What someone pays for it is the price it is worth.
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chris12018's Avatar
United States
2130 Posts
 Posted 02/27/2009  7:23 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Thanks justcarl that just put a lot into perspective.
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