The Professional Coin Grading Service, or PCGS, is one the three professional coin grading companies, or “slabbers”, recognized by serious coin collectors and dealers across the United States. PCGS uses the American coin grading system to give coins a grade which refers to their condition. Expert in the coin industry trust and rely ion the grade given to a coin by the PCGA to help determine the overall value and collectible status of a given rare coin. Below is more information about PCGS coins.
About PCGS
PCGS coins are respected in the coin collecting industry because PCGS is one of the top three reputable coin grading services in the United States. PCGS has been grading coins since 1986. To date the service has graded upwards of 20 billion coins. The reason so many people have come to have their coins graded by them because they have a board which consist of the best experts in numismatics which is the study of currency. This means the coins they grade receive the most accurate grading possible.
The Grading System
The Sheldon Grading System is the system used to grade PCGS coins. This system is used primarily here in the United States and is considered to be one of the best, if not the best coin grading system in the world. The system consists of 70 points used to grade a coin on its overall condition. The higher the grade number the better condition the coin is in. This is because the first 59 points of this system are given to coins which have been circulation. Points 60-70 of this system are used to grade coins which are in mint status. Each of these grades is given to a coin along with a corresponding code.
Sonic Sealing
After a coin has been graded by PCGS it is then sonically sealed in a case. When a PCGS coin is sonically sealed it also has the grade given to it and the official seal of the PCGS encase on the sealing. All of this is done so that no one can open the seal which the coin is encased in and to remove it and replace it with another coin. This is also done so no one can remove and tamper with the official grade given to that coin by the PCGS. This helps to prevent some of the fraud which often can happen within the coin collecting industry.
Knowing Your Coins Value
When one has a PCGA coin they know what they real monetary value if the coin is. This is because appraisers use the same Sheldon Grading System used by the PCGS to rate the condition of coins to help determine the value of a coin. One can go to a coin appraisal guide such as the Red Book for coins which is published annually and use the grade given to their coin by the PCGA to look up the value of their coin. All a collector needs to do is simply match the type of coin they have the grade of the coin to the listing in the book.
Photo Credits: Janet Moore-Coll
Originally posted 2010-08-11 04:39:39. Republished by Blog Post Promoter
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