I have some coins in the old 1st slabs used by PCGS in the "rattle" cases. They appear to be conservatively graded. Is this a reflection of me buying high end grades at that time or is it that PCGS was more conservative in their grading practices in the 1980s? The latter seems least likely to me because I seem to remember getting a discount with coins in the orginial holders in the early 1990s. However, the fact that you do not see them anymore suggests that a lot of them were resubmitted, albiet, I seem to recall that if you wanted your coins in the new holders at that time, you could get it done at a small fee ( they were not regraded). But they were still fairly common for years which suggests that not that many were done that way. That is not the case today, it is a rare occassion when you see one. What do you think, were the PCGS coins in the orginial holders more conservatively graded?
One of the reason you don't see as many old Pcgs rattles is, because most were sent back to Pcgs to be regraded at a higher grade. They claim Pcgs was to conservative back then, and most of the coins were graded one to two, or more grades to low.One of the highest graded Washington Quarters started out graded as a MS64 by Pcgs and is now a Pcgs MS67. This is one of the main reason you don't see as many old Pcgs rattle's, and when you do see one up for bid, most bring a premium for this reason alone.
There is no question that grading standards have "loosened" significantly since PCGS inception (1986). There was a time when NGC was far and away the most conservative grading serviced although the difference has narrowed considerably. Agree with coinhood regarding the OGH or "rattlers". Not all were "undergraded" by today's standards, although many were. The ones that were are for the most part history as they have been resubmitted and reholdered. What will the future hold??
Empire, would you recommend resubmitting them if you believe them to be undergraded? Would you give the same money for a coin in a rattler slab and a coin graded higher in a new slab?
Chief, like you, I take coinhood's answer to mean that PCGS was stricter in the day and the rattlers I have are probably undergraded, as I suspect.
Guys, did I imagine this, when PCGS first came out with the new holder, did they not for a $5.00 fee, offer to take any coin graded in the "rattler" old holders and put them in the new and assign them the same grade. Also, I bought most of my coins in the "rattle" holders (at least 60%) after the new holders came out and I seem to remember that they were discounted at that time, not given a premium. They may very well sell at a premium now, but back in the day were they not discounted?
ers, if you feel very confident the coins are "undergraded" in the old holders, then yes I would resubmit them for grading. The question always comes up, do you submit them in the old holder for regrading or do you break them out and submit them raw. In my opinion, if I'm sure the coins are conservatively graded, then I break em' out and send them in raw for regrading. I don't care what anyone says, human nature dictates decisions and I would just as soon start the process with no bias in the equation. Have a good day!
Can you list what coins and their respective grades you have in the old holders?? Can you post high resolution pictures ??
A few things :
1) If you resubmit and want to play the crack out game it is highly recommended you get other opinions from people who know how to grade such as respected coin dealers. 2) Because of CAC PCGS has become somewhat conservative again so you may not get that bump and you run the risk of a lesser grade. 3) If you want to save yourself a headache and money submit the coins to CAC , if any of them are substantially under graded you would get a gold star and that is about as a good as a bump to the next grade. You can apply for direct submission to CAC or find a dealer that will submit for you 4) Old PCGS holders on their own actually carry a premium for the simple fact that so many people assume the coin is under graded .
You also need to consider the coins value to the next grade level . That is why I asked you for a list.
i'm keeping all my old holders in tact. As much of a pain it is not to have all the same holders, i feel the older holders are just as much a part of the history of the coin. I respect the old holders grades better than todays grades for the simple fact , the minting process has improved dramatically. dies are of better quality and cameos are expected in todays coins. It's like getting a Peace dollar that has full strike on it.
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