PCI Coin Grading WARNING: 16 "MS65+" Morgan Dollars EXPOSED
Vložit
- čas přidán 21. 07. 2021
- When buying a coin graded by PCI, proceed with extreme caution. Probably see if the owner will crack the coin out to you and sell it to you raw - these slabs were literally involved in a scheme that put the owners of the coin company in JAIL. An extreme reminder to buy the coin, not the grade, and see how I did on these crackouts. Remember that I only picked the best coins, and in Mint State, the 2-3 point swings can make a pretty big difference. Let me know your thoughts on the company in the comments.
***
Social Media Links (Website, Instagram, Facebook, Twitter, More):
linktree.com/treasuretown
Active Affiliate Links - Purchase Items Through Them To Support Treasure Town:
linktree.com/treasuretownaffi...
Links to Sources I Use (PCGS, Heritage, VV, eBay, More):
linktree.com/treasuretownsources
***
All materials in these videos are used for educational purposes to inform and build community around coins, and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.
Great information. I have several PCI's, but was always had reservations about this grading company👍👍👍👍
Glad it was helpful!
Even in the slabs you could tell they were upgraded for the unsuspecting. Thanks Christian! EIEI OH MY! 👌👍🏴☠️🇺🇸
This a good tip. Shady grading and sketchy sellers make buying coins online tough.
Very helpful assessment of coin grades, thank you TT.
Awesome vid buddy, and thanks for sharing some solid info! Love the way you set up this vid by informing us of PCI & their shenanigans, and then send some into PCGS, I thought that was super cool! Also, I'm glad you made out alright on a few of them as well! But definitely eye opening, and I totally appreciate the heads up by shining a spotlight on those fake news fools at PCI lmao! Thanks again bro, I look forward to the one coming up next!! Keep up the good stuff!!!
Thanks!!
I'm like number 500 and comment number 100. Cool! I've recently heard about some less-than-accurate grading services out there. I've stacked for many years and only recently started collecting rare coins. I want to think they have good intentions and just lack the expertise, but it could just be dishonesty. You have great content on the subject, and have a great new year.
Nice having a single video for the initial grade, crackout and new grade reveal! I guess I was too cynical, I assumed they'd come back MS62. PCGS tends to be stingy these days on mint state coins.
I generally trust PCGS/NGC, but will cherrypick for eye appeal. For ANACS/ICG, I avoid circulated or "in between" grades, except maybe 58. For ICG, I won't even consider it unless the price is slashed by 1-2 grades.
Thanks for the perspective! And was a fun video to make.
Great video and transparency on the different grading companies, this kind of information is great for the hobby not only for the season collectors, but also the new ones!
I’m glad you did this. It’s nice to show people the facts.
My experience with PCI is much worse than yours. I've had gold coins graded as MS64 that graded AU53 with PCGS. I would never advise buying a PCI-graded coin that was graded below MS66. At MS66 it will probably at least grade MS. This advice is for when you are buying based on photos only. Great video.
Really good man, you're exposing truth, we learned a lot from you, keep safe always man, God bless...
The original old PCI green and brown labels are typically sought after for the toning and the fact they were usually in the ballpark . Most everyone with a few years experience knows they average a grade, sometimes two, on the “ambitious side” but the old holder and toning premium often offset the grade price difference
Anything after that and especially the newest white ones shown in the video are rubbish. You did very well with those 4 to get them back 1-2 points off. Most are cleaned or sliders
Great advice ... appreciate your insights
Very interesting video. Thank you for the information.
Thanks for the heads-up. Great job.
Any time!
Thanks for all the info
Awesome video thank you!! Been doing a lot of modern coin grading submissions. Have several Morgan's and crack outs from IGC think it will go just like this.
Thanx again
Christian- thanks for the awesome info!!
For sure!
Great video!! Sadly, this is a necessary video and but will definitely save some collectors from the tactics of these terrible fraud artists.
Glad it was helpful!
That is why you always buy the coin not the holder no matter the grading company as it is their opinion also!
Keep up the amazing job love your channel
Thanks!
I have some slabbed coin from that company. Afraid to look. Thank you so much for letting us know.
At least they didn't come back with details grade. Trying to be positive.
Sorry to hear that - hopefully yours are ok!
Quite a lesson! Good job!
Thanks! 😃
New subscriber! Good info …. Can u do some more of these crack outs and see what they grade at pcgs and ngc
Great video! How current would you say these misgradings have been happening by PCI? Would those bought in @ 1980s 1990s be more trustworthy?
That's why we say "buy the coin not the holder!".
Cool video! I’ve personally never come across a PCI coin before. One time though a dealer I know sent me a ICG coin, I immediately call him to ask “why didn’t tell me this was in ICG holder?” He said it was a “mistake” and after I shipping it back, I received the coin in an NGC slab.
Probably a good idea to get the NGC!
Dealer was dead beat, dishonest get rid of his address
You do realize that the "hit" in Liberty's neck is part of the design, right?
Thanks for sharing.
This video actually gives hope lol. You should do a video on PGA! Their grades are 10+ points off. I have been accounting for 3-4 points on the PCI and I have my first set in at PCGS right now and if they are within 2 points, I did really good.
Whoa!
I prefer PCGS and NGC. I have purchased ANACS and ICG Coins. As long as the label is clean (No Details). PCI???? Never heard of them before. Good video. Thanks for posting it.
Hello Christian.
I watched your informative video.
Thank you!
However, now I'm freaked out?
Just bought a PCI 1886 toned Morgan
MS 65. 110.00
To avoid cracking my slab open..
Can you please tell me the weight of the empty slab?
Then the slab with a real Morgan inside.
I want to weigh the difference.
I would prefer NOT to ruin the case.
But can't find anywhere telling me the weight of a PCI slab with a Real Morgan INSIDE.
I'D really appreciate your help.
Thank you for your time Kind Sir.
Wendy
Good information, however...remember ppl that (in my opinion) NGC and perhaps PCGS also, aren't w/o issues too. Many ppl have stories to tell about (great disappointment per grading consistency and fairness) w/ the "top TPG's". The fact remains...it's always the coin itself; not the slab it's in. Therefore, get skilled...otherwise don't spend big money...stay w/bullion. Or...pay someone to do it for you.
yep i'm learning this, trying to up my eyeballs game
The older original yellow border pci are better coins to buy. They were conservative graded then and can sometimes go up a grade.
The oldest ANACS holders from the late 80s (they have two letters and four digits in the cert number) have conservative grades on them. Early 90s soapbox ANACS holders are good but the holders weren't inert so silver dollars are ALWAYS toned around the edges. Even the early ICG holders are often accurate. I wouldn't trust the current ANACS or ICG holders for mint state grades.
I've never heard anything about PCI till I bought some toned half dollars and this was the 1st price of info I was able to find. Turns out I do see them from time to time they always have a sticker over the grades
Makes sense - you aren't allowed to use them on eBay (can't sell unless you cover it up). They tone American Silver Eagles nicely, though!
@@TreasureTownCoins I got 2 1952 Washington carver halfs with awesome toneing from acusha collectables today there my first PCI coins
I would trust PCGS graded coins only.
Thank. You. Are. Good
Nice Video !! When will you have Cointable Back on ?
I think a vid is coming out either this weekend or next with him!
very interesting, there's a lot of these still selling on hibid
dipped
Millions of Morgan dollars are dipped. It's no big deal.
Thank you.
Trust you.
Welcome!
I never buy coins in slabs other than from Pcgs or Ngc and even then I inspect the coin in determining the appropriate grade.
Always double check!
hay guy just joins I have brought i few ( many be a lot) Im new and spent about 3500 on morgan and peace dollars and ike and a few halfs and quaters on hibid and say have about 54 pci and 14 nnc case now I am statrting to feel cheated , but my question is what about the coins in case that say either ms70 or pr-70 can i count them to be good. I have a habit of jumping in things to quick. I have a grandson 2 and wanted to start a nice collection so I could pass it on and he would have something worth money. any help would be apprecated. NOT SURE WERE TO EMAIL HERE ON CZcams
Send me an email at treasuretownyt[at]gmail[dot]com, and I would be happy to walk through next steps.
I thought most morgans are given alittle extra due to the fact some many of them were stored in bank bags.
Buy the coin, not the holder
It just so happens that I’ve also bought around 20 Pci holdered coins that I’ll be cracking and sending to Anacs. Most of them are graded ms66+ That I paid around $70 ea for and with a 67 and 67+ so that should be interesting. I’m expecting an average of -2 grades as well.
The older Pci holders are far better then those bright white w blue writing late date ones. I’ve had the old ones cross and even upgraded before
Will be interesting to see!
For sure :) will be a couple months until I get the results but I’ll let you know if the results are similar to yours
@@tylonnplatinumthe3rd659 - agree with you on the older PCI holders being better. Especially the old photo holders. Those have a very good reputation. I have a couple of them.
Update me when you get the grades
If you get any 66s or even a single 65 you'd be in good shape.
I have no issues buying the old anacs soapboxes but i wont buy pci lol its mainly pcgs for me but when i see a good deal on the old soapbox holders, i snag them 🙂
Dont knock anacs olny reason there 2ed teir is because they dont have a registry like ngc and pcgs have . They have been known to grade a bit harder on some coins . And here lately pcgs has been on a questionable toneing rampage .
Thank you my 1899 o coin i s
Sreal and i grade it and it was me 64!!
None of those will grade 65 bud
I have 6morgans Ms 68 i bought them 20yrs ago can you help me please if so I'll send pics.
If he was a grader then this video would be more relevant and I could do the same video with pcgs and ngc coins! Like to the triple clipped kennedy that was just sent to pcgs and it came back double clipped!
I bought a couple old "green label" PCI coins....they were't too bad from back in the day
Those ones were generally properly graded. I have an 83 S that is AU 55. It's graded correctly.
Did Buy Them From Whatnot? There's A Guy Selling Them?
Any idea how many Morgans PCI graded?
No but definitely a lot
Great content but not worth sending in Morgans for 64 grades cost it too high for cheap coins.
They might look funny do to the plastic holders pci used
Hang on. You said you paid XF money for all of the coins right? You can obviously see the PCI graded coins are all mintstate even if the are not as high as the grade on the coin. So if you paid then you got these coins for a fraction of what they are worth. Now who is the dishonest one again?
Hey I’m Giuseppe I bought the same coins from Police and Property Room Action and all there coins are a lie there are scams the grading company and the action. Let everyone know thanks
Happy to do it!
How do you crack them out?
I used a cloth and hammer
@@TreasureTownCoins Could you use a vise on the top portion, crack it in half, and then get in there with a screwdriver and use it as a lever to pry the bottom half apart? Or use a rotary tool carefully? I only ask because I've never cracked a case before.
You Should Resend The Rest Of Them And Be Done With It !!!
You should eventually send them all in to get the correct grade....
Probably true! But some of them wouldn't be worth it between paying for them and then paying the grading fees
@@TreasureTownCoins Would be more meaningful tho. Maybe not all of them, but choose few at random, or few average and worse ones? Now it looks like they grade MS63/64 at MS65/66 - so what, still great coins and somewhat reliable grading. But if they grade AU and XF coins as MS... that's not cool at all.
Most of them look like 63 to me so you are lucky to get 4 on those 3 coins
I hace. One PCI ma65+
Try GCI
💖💗💓💚💙
First
Nice!
older green PCI slabs are somewhat accurate and a steal