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1953-S Franklin Half FBL - how reliable is PCI?
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<p>[QUOTE="Revello, post: 8214001, member: 103898"]Oh no, I didn't bid on it, lol.</p><p><br /></p><p>I did some further research on PCI (which stands for "Photo-Certified Coin Institute"). It seems David Lawrence at one time owned PCI (I think he bought it out from Hallmark in 1991), and the early PCI photo-slabbed coins during his tenure were pretty respectable (and even collectible, to a certain degree today). Example:</p><p><br /></p><p>[ATTACH=full]1441567[/ATTACH]</p><p><br /></p><p><br /></p><p> The early "green" colored borders/lettering slabs with 10-digit numbers (on the reverse side of slab with PCI label) are, from what I read, considered credibly graded slabs and had a moderately successful record for crossovers with PCGS. There are collectors who apparently seek/watch for these early PCI-slabbed coins as they present a good buying opportunity due to reliability of the coin grade, if the seller's price is lowball due to the perceived inferior PCI TPG slab. Example:</p><p><br /></p><p> </p><p>[ATTACH=full]1441568[/ATTACH]</p><p><br /></p><p><br /></p><p><br /></p><p>PCI changed ownership numerous times, to eventually being owned by Anthony Delluniversita who was sued for fraud, as described in the article weblink in John Burgess' post above.</p><p><br /></p><p>The gold-colored PCI slabs, and slabs that have green or black borders but don't have the 10-digit numbers, are generally unreliable, according to what I read.</p><p><br /></p><p>Example of gold-colored PCI slab:</p><p><br /></p><p><br /></p><p>[ATTACH=full]1441570[/ATTACH]</p><p><br /></p><p> </p><p>Bottom line: I'm glad I didn't bid on the 1953-S Franklin "FBL", given what I now know about the tumultuous history of PCI ownership and unreliability, and the type of PCI holder the coin was in. I might have had regrets on not bidding had the PCI holder been one of the earlier versions with the 10-digit identifier.</p><p><br /></p><p>For what it's worth, during my quick research, I ran across a series of "crossover" related articles by Michael Bugeja at the Coin Update website, which you might find of interest if you're interested in submitting 2d or 3d tier TPG slabbed coins for crossover to PCGS. Link to his archive of articles (his earlier articles are crossover-related): <a href="http://news.coinupdate.com/author/michaelbugeja/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.coinupdate.com/author/michaelbugeja/" rel="nofollow">http://news.coinupdate.com/author/michaelbugeja/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Revello, post: 8214001, member: 103898"]Oh no, I didn't bid on it, lol. I did some further research on PCI (which stands for "Photo-Certified Coin Institute"). It seems David Lawrence at one time owned PCI (I think he bought it out from Hallmark in 1991), and the early PCI photo-slabbed coins during his tenure were pretty respectable (and even collectible, to a certain degree today). Example: [ATTACH=full]1441567[/ATTACH] The early "green" colored borders/lettering slabs with 10-digit numbers (on the reverse side of slab with PCI label) are, from what I read, considered credibly graded slabs and had a moderately successful record for crossovers with PCGS. There are collectors who apparently seek/watch for these early PCI-slabbed coins as they present a good buying opportunity due to reliability of the coin grade, if the seller's price is lowball due to the perceived inferior PCI TPG slab. Example: [ATTACH=full]1441568[/ATTACH] PCI changed ownership numerous times, to eventually being owned by Anthony Delluniversita who was sued for fraud, as described in the article weblink in John Burgess' post above. The gold-colored PCI slabs, and slabs that have green or black borders but don't have the 10-digit numbers, are generally unreliable, according to what I read. Example of gold-colored PCI slab: [ATTACH=full]1441570[/ATTACH] Bottom line: I'm glad I didn't bid on the 1953-S Franklin "FBL", given what I now know about the tumultuous history of PCI ownership and unreliability, and the type of PCI holder the coin was in. I might have had regrets on not bidding had the PCI holder been one of the earlier versions with the 10-digit identifier. For what it's worth, during my quick research, I ran across a series of "crossover" related articles by Michael Bugeja at the Coin Update website, which you might find of interest if you're interested in submitting 2d or 3d tier TPG slabbed coins for crossover to PCGS. Link to his archive of articles (his earlier articles are crossover-related): [URL]http://news.coinupdate.com/author/michaelbugeja/[/URL][/QUOTE]
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1953-S Franklin Half FBL - how reliable is PCI?
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