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<p>[QUOTE=&quot;desertgem, post: 1063676, member: 15199&quot;]I was collecting coins when PCI began, and at first, the grading was very tough compared at that time to ANAC, the dominant grader. This was before hard plastic slabs, usually a photocertificate.</p><p><br /></p><p>When grading/slab companies first start , they claim the standards are strictly followed, blah, blah, But they find that the majority of the submitters do not submit to get an accurate grade, they want a better than accurate grade, and they will switch if they don&#039;t get a good percentage like that. PCGS worked on a slightly different business model, in that they originated the sight-unseen buying premise and guarantee, and once the dealers jumped onboard, they also shifted to &quot;Market grading&quot;. PCI , IMO, tried to lower their standards to increase submission flow, whereas with PCGS, you knew you could bargain for the price based on the grade.</p><p><br /></p><p>But, in the last 25 or so years, undergraded PCI, ANAC, rattler ( old green) PCGS, have been removed by people who could grade well enough to know PCGS would grade higher, but I feel those days are mainly over. True, there are still some winners out there in old slabs, but most that have a good chance of upping the grade, have already been sacrificed many years ago. However , ebay sellers still use the come-on about being in an old slab, no matter how bad they really are. </p><p><br /></p><p>&nbsp;I still check out old slabs at shows, but I haven&#039;t purchased one I thought could be significant upgrade.&nbsp; Well one Morgan was PCGS 64 old label, and I knew the details would go MS65, but the price was almost a 65, and the toning was , shall we say curious.</p><p><br /></p><p>I always photograph every coin that I submit to PCGS or NGC, just to convince myself it is the same coin. But they are not infallible, question them on it, if you feel strongly about it.</p><p><br /></p><p>All in my opinion.</p><p>Jim[/QUOTE]</p><p><br /></p>

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