PCGS stands for Professional Coin Grading Service, one of the most respected names in third-party coin certification. Such a distinction means that a PCGS coin label is more than a piece of paper. It's a guarantee of authenticity, quality, condition, and even satisfaction.
If you're not sure why or how PCGS coins could benefit your precious metals portfolio, then this is the blog for you!
4 Reasons to Choose PCGS Coins
1. PCGS popularized the concept of standardized coin grading
PCGS was founded in 1986 by a group of seven coin dealers led by numismatic expert David Hall. The group's goal was to establish a definitive coin grading standard that was consistent, respected, and understood across the coin industry.
“I was selling a lot of coins at the time and I was very concerned about the health of the coin market,” recounts Hall. “I was also doing a lot of appraisals… and saw hundreds and hundreds of portfolios of over-graded and misrepresented coins.”
To help the coin-buying community, Hall saw only one solution: a third-party appraisal of a coin's physical appearance (or grading) and secure encapsulation.
According to PCGS, “The advent of the third-party appraisal of a coin's physical condition… provides a dependable form of protection for rare coin collectors” by establishing the coin's scarcity and guaranteeing that assessment.
At the heart of PCGS's assessment is the internationally accepted Sheldon Coin Grading Scale, which goes from 1 to 70. The higher the grade, the better the condition of the coin (and the higher the price). The scale was initially developed in 1949 by Dr. William Herbert Sheldon to grade large cents, then modified in the 1970s to account for use with any coin series.
As U.S. Money Reserve's Chief Numismatist, John Rothans, explains, “Seventy is perfect and flawless with absolutely no imperfections, no fine scratches, no hairlines at all. That’s basically the top, top, A+++ of the coin grading scale.”
Thanks to PCGS, a coin buyer in Texas can look at a PCGS-graded 1/10 oz. Gold American Eagle MS-70 Coin online, from the comfort of their home, and trust that when their coin arrives, its condition will be the most exceptional quality available—fully struck and lustrous with no visual marks.
That level of trust wouldn't be possible if PCGS didn't popularize the concept of standardized grading.
2. PCGS set the standard for coin storage
In addition to popularizing the idea of industry-wide, standardized grading, PCGS laid the framework for the most durable coin storage solution: tamper-proof encapsulation.
PCGS created a high-security plastic capsule (or slab) designed to prevent tampering with the coin's condition and to reinforce PCGS's grade and authenticity guarantee. The coin is sonically sealed inside the capsule, and as long as it remains inside the plastic, it really can't be meddled with!
Additionally, notes PCGS, “The unique certification number permanently sealed inside each coin capsule may be utilized by the coin's owner as a reliable means of identification after the PCGS coin re-enters the marketplace. Equally important, PCGS's durable plastic holder provides optimum protection for safe, long-term storage of rare coins.”
Here's how it works. After each PCGS coin is inspected, graded, and sonically sealed inside an impact-resistant case, the coin barcode, serial number, and label are issued.
- The serial number allows you to verify the authenticity and quality of any certified coin evaluated by PCGS numismatic experts.
- The barcode is used for internal purposes at PCGS.
- The coin label may also include a coin's year of issue, mintmark, legal tender denomination, and other official coin details.
If you have a PCGS-graded coin on hand, go online and see what you can learn! Enter in the coin’s serial number online at PCGS.com to quickly verify its authenticity and quality.
A PCGS tamper-evident capsule helps protect a coin's market value for generations to come. Without protection, a coin's condition is vulnerable to scratches, dings, and unsightly damage that could harm its potential.
3. PCGS coins command instant respect
PCGS coin graders are world-class numismatic experts. Accordingly, the coins they grade command instant respect in the marketplace.
Coin Trackers, a blog for numismatists and coin enthusiasts, writes that “the reputation PCGS has built up over the years has been exemplary.”
Many buyers, “upon seeing a PCGS slab (coin holder), immediately know they are getting a good quality coin, and usually, just the slab is enough to raise the value of the coin significantly.”
CoinValues.com echoes this sentiment. In a blog about coin slabbing, CoinValues.com notes that “those who buy and sell a large number of coins will notice that PCGS coins tend to go for a slightly higher amount of money than a similarly graded” coin from other coin grading companies.
“This is not a statement of opinion,” claims CoinValues.com, “but one based on empirical fact.”
With that said, could PCGS coins increase the appeal of your precious metals portfolio?
4. PCGS coins come with peace of mind
Perhaps most importantly, PCGS coins come with peace of mind.
“In my opinion, our biggest success is in making the market available for many who wouldn't even consider buying coins… if it weren't for third-party grading,” says Hall.
PCGS grading standards are respected worldwide, which is especially important if you're a gold buyer who appreciates gold coins as a tangible form of global wealth and financial liquidity. The universal respect that follows the PCGS name could prove beneficial some day.
Don't wait. Boost the power of your precious metals portfolio. Shop PCGS gold and silver coins at U.S. Money Reserve, America's Gold Authority® and one of the country's largest distributors of U.S. government-issued coins. U.S. Money Reserve specializes in only the highest grades possible, 69 and 70, whether you’re looking for Proof, Mint State, or Specimen Proof coins!