Not sure if this has specifically been covered in another thread but wanted to ask the question. It’s my understanding that old PCGS graded notes no longer have a grading guarantee, and that crossing into a new holder would require a regrade. I don’t plan on doing this with any of the PCGS notes that I own, which are large size type in mid to upper circulated grades. However, I was wondering if the holder negatively affects the value of this type of material. Are the assigned grades perceived to be suspect, like with CGA? Or is it just a change in ownership issue? I could see the grading guarantee coming into play with higher grade uncirculated notes where a 65 could drop to a 58. The ones I have appear to be accurately graded and I don’t care much about any guarantee, as none are worth much more than a couple hundred dollars.
As far as I know, the old PCGS holders are considered to be somewhat "better" than the new. At least, slightly undergraded. In other words, an old 63 is probably more like a new 64, etc. Regrading an old holder may result in a higher grade. At least it has more of a chance at an upgrade, than regading a new PCGS note.
From what I’ve heard, the new PCGS (Collectors Universe) has assembled an experienced set of graders and finalizers to evaluate submissions. With that being said, I believe it’s too early to form an opinion. They’ve only been grading for a few months and I’ve only seen a handful of notes they’ve graded. Hopefully they will be a reliable alternative to PMG for collectors. I own many notes residing in older PCGS holders and haven’t seen the need to cross them to the new PCGS or PMG. I feel they were accurately graded at the time and are accepted at all major auction venues and are accepted by most, if not all, collectors. If you need the guaranty or compete in Registry sets, you might want to pick a lane. I do not compete nor do I need their guaranty, so I feel confident enough in the grades to have made the decision to leave my PCGS (K3B) graded notes in the older holders.
I have done the same with my older PCGS notes. I feel that they were accurately graded and decided to keep them in the holders they were placed in when graded. Personally, I think I like PMG holders more as time goes on, but I am not that picky when it comes to higher graded notes.
Let me first start by saying I have over 500 graded notes from military payment certificates to Disney Dollars and I have always been a PCGS guy ! however with that said and the shake up at the old PCGS ( Now Legacy ) Jason Bradford has forever put a stink on the PCGS label ! plus there is no population report or registry, so what are you left with ? a note in my opinion is worse less I have already started sending in my PCGS stock, to be regraded by PMG which now is the only game in town, the others PCGS gold shield and legacy just have not been around long enough, just go on ebay and try and find 10 notes graded by PMG, 10 by PCGS gold shield and 10 by legacy, you will find the answer there. I have used this example a lot lately in other posts but my trust in the old PCGS label is more then a bit suspect, especially after this....
I have had instances where I would get maybe a one point differential in point grade, but never a two and certainly nothing like this a three point differential ! if you can't tell the differences between a 63 and a 66 you shouldn't be grading notes !
Don't tell that to the guy I bought it from the difference in cost was substantial as he was selling me a 63 @ $179 when it was really worth over $300 in 66
3 points does seem like a very large discrepancy, at least in the coin collecting realm. I would think a jump from 58 to a gem grade would be more logical.
It most definitely is in the currency world as well, as you know in grading each point has a dollar value assigned to it, my above example is a goos one and something to be considered.
