|Founded||California, U.S. (1985)|
|Founders||David Hall, Silvano DiGenova, Bruce Amspacher, Gordon Wrubel, Van Simmons, John Danreuther, Steve Cyrkin|
|Headquarters||1610 E. St. Andrew Place, Suite 150, Santa Ana, California 92705|
|Products||Coin certification services and supplies, memberships and subscriptions|
Professional Coin Grading Service (PCGS) is an American third-party coin grading, authentication, attribution, and encapsulation service founded in 1985. The intent of its seven founding dealers, including the firm's former president David Hall, was to standardize grading.The firm has divisions in Europe and Asia, and is owned by parent company Collectors Universe. PCGS has graded over 42.5 million coins, medals, and tokens valued at over $36 billion.
PCGS was founded in 1985 by seven dealers, including the firm's former president, David Hall. The founders' intent was to establish definitive grading standards, backed by a guarantee of grading accuracy.PCGS began operations on February 3, 1986. The firm has since started grading foreign coins and established divisions in Europe and Asia, and was purchased by Collectors Universe.
PCGS certifies most U.S. and foreign coins, which consists of grading, authenticating, attributing, and encapsulating them in clear, airtight plastic holders. PCGS services include special label programs, "First Strike" designations, True View (high quality photography), conservation, and tiered certification (priced according to values and turnaround times). Coins that are improperly cleaned, doctored, damaged, or otherwise impaired will not be numerically graded by PCGS, but upon request will still be authenticated and given verbal "details" grades.
The PCGS holder (aka slab) is made of clear, inert plastic and is stackable. Anti-counterfeiting measures include a hologram on the back, markings within the holder, and Near Field Communication (NFC) chip embedded in some holders.Printed on the front of the blue paper insert is the coin's type, denomination, grade, attribution, pedigree (if any), serial number, Universal Product Code (UPC), and other pertinent information. First-generation PCGS coin holders are smaller and lack the raised stackable edges of later issues. Their insert was printed on plain white paper. In some of these early holders, the coin will be loose enough to produce noise when the holder is handled, thus their "rattler" nickname.
PCGS was at one point named the official grading service of the Professional Numismatic Guild; during that time, the PNG logo was included on the holder. This design was replaced with a different one when PNG switched their affiliation to NGC.
PCGS maintains a census of all coins they have graded since their inception, revealing each issue's grades, variety, designations (such as "prooflike" for Morgan dollars and "full bands" for Mercury dimes), and other significant information. Access to this report is free and updated daily on their website, though a discontinued hardcopy version was published at monthly intervals.
Analysis of the population report, and a similar report published by NGC, has allowed rarity estimates to be made of specific coins. Over time these two data bases have revealed some coins once thought rare to be remarkably common, whereas others thought more common have shown to be likely few in number. The population reports are followed closely by numismatic professionals, who recognize that population numbers can be inflated through multiple submissions of the same coins broken out of their holders and resubmitted with the hope of receiving a higher grade. Population figures can also be artificially low due to the reluctance to submit inexpensive coins—for a service that may cost more than the coins are worth.
PCGS maintains CoinFacts, the "single source of information on U.S. coins." The free site publishes information about all federal and most non-federal U.S. coin issues, including their rarity statistics, PCGS Price Guide values, population data, public auction performances, die varieties, and photographs.
PCGS publishes a free, partial online list of U.S. and foreign coin values. The values listed are for PCGS-certified coins and are compiled from dealer advertisements and price lists, auction prices realized, and trade show transactions.
In 2001, PCGS established its free Set Registry program, which includes an online leader board that allowed collectors to compete against each other in thousands of potential sets composed of PCGS-graded coins. More than 113,000 sets are hosted.Each coin in a set is given a value computed by its relative scarcity. A version of the Registry is also maintained by PCGS' main competitor, NGC.
A survey of major coin dealers, conducted by the trade associations the Professional Numismatists Guild (PNG) and the Industry Council For Tangible Assets (ICTA), revealed the dealers' "Superior" rating for PCGS, the highest given for any service. Of the other 10 grading services evaluated in the survey, only the Numismatic Guaranty Corporation (NGC) also received the "Superior" rating. Survey respondents were asked for their professional opinions to evaluate 11 grading services based on 12 different weighted criteria, such as grading and authentication accuracy. Each category was ranked by the respondents on a 10-point scale ranging from the lowest, "Unacceptable", to the highest, "Outstanding".
In 1990 the Federal Trade Commission filed a civil action against PCGS alleging exaggerated advertising claims. A settlement was reached in which PCGS did not admit wrongdoing but agreed to submit its advertising for review for five years, and include a disclaimer in its ads.
Coin collecting is the collecting of coins or other forms of minted legal tender.
1943 steel cents are U.S. one-cent coins that were struck in steel due to wartime shortages of copper. The Philadelphia, Denver, and San Francisco mints each produced these 1943 Lincoln cents. The unique composition of the coin has led to various nicknames, such as wartime cent, steel war penny, zinc cent and steelie. The 1943 steel cent features the same Victor David Brenner design for the Lincoln cent which had been in use since 1909.
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; that responsibility belongs to the Bureau of Engraving and Printing. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point.
Coin grading is the process of determining the grade or condition of a coin, one of the key factors in determining its value. A coin's grade is generally determined by five criteria: strike, preservation, luster, color, and attractiveness. Several grading systems have been developed. Certification services professionally grade coins for tiered fees.
The 1955 doubled die cent is a die variety that occurred during production of the one cent coin at the United States Mint in 1955.
Numismatic Guaranty Company (NGC) is an international third-party coin grading and certification service based in Sarasota, Florida. It has certified more than 50 million coins. NGC certification consists of authentication, grading, attribution, and encapsulation in clear plastic holders. NGC is a member of Certified Collectibles Group (CCG), which owns six collectible certification services. NGC has been the official grading service of the American Numismatic Association (ANA) since 1995 and the Professional Numismatists Guild (PNG) since 2004.
The 1913 Liberty Head nickel is an American five-cent piece which was produced in extremely limited quantities unauthorized by the United States Mint, making it one of the best-known and most coveted rarities in American numismatics. In 1972, one specimen of the five cent coin became the first coin to sell for over US$100,000; in 1996, another specimen became the first to sell for over US$1 million. A specimen was sold for US$3 million in a 2004 private sale, then resold for US$3.7 million at a public auction in 2010.
Third Party Grading (TPG) refers to coin grading, authentication, attribution, and encapsulation by independent certification services. These services will, for a tiered fee, "slab" a coin. Professional Coin Grading Service (PCGS), Numismatic Guaranty Corporation (NGC), Independent Coin Graders (ICG), and ANACS are the most popular and credible services. Together they have certified over 80 million coins. All four firms guarantee the grades and authenticity of their certified coins. Certified Acceptance Corporation (CAC) is a coin certification service which certifies—and makes a market in—certain high-end coins already certified by PCGS or NGC.
Certified Acceptance Corporation (CAC) is a Far Hills, New Jersey third-party coin certification company started in 2007 by coin dealer John Albanese. The firm evaluates certain numismatically valuable U.S. coins already certified by Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS).
The Classic Head $2.50 gold coin is an American coin, also called a quarter eagle, minted from 1834-1839. It features Liberty on the obverse and an eagle on the reverse.
The Sheldon Coin Grading Scale is a 70-point coin grading scale used in the numismatic assessment of a coin's quality. The American Numismatic Association based its Official ANA Grading Standards in large part on the Sheldon scale. The scale was created by William Herbert Sheldon.
Michael R. Fuljenz is a numismatist, author, and businessman. He is currently the president of Universal Coin & Bullion, a precious metals trading company located in Beaumont, Texas.
Michael "Miles" Standish is an American businessman, author, rare coin expert, sports memorabilia expert and philanthropist. He is co-founder of Collectors Universe. He currently serves as vice president of the Numismatic Guaranty Corporation (NGC).
A gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 90–92% gold, while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 91.7% gold by weight, with the remainder being silver and copper.
Collectors market index is a tool used by collectors and investors to track values of collectibles against collectors market from a specific date, calculated in form of Index. It measures the value of a section of the collectors market and computed from the prices of selected collectibles, typically a weighted average.
The 20 yen coin (二十圓硬貨) was a denomination of Japanese yen. These coins were minted in gold, and during their lifespan were the highest denomination of coin that circulated in the country. The first coins were minted in 1870 following the introduction of a decimal currency system. Twenty Yen coins spanned three different Imperial eras before mintage was halted in 1932. Many of these coins were then melted or destroyed as a result of the wars between 1931 and 1945. These coins are now collected by numismatists for academic study, and by those with a hobby.
Numismatic News is an American numismatic magazine which has been in circulation since 1952.
The American Numismatic Association Certification Service, better known as ANACS, is a coin grading company founded in 1972.