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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 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. [ 1 ]
Coin grading [1] is the process of determining the grade or condition of a coin, one of the key factors in determining its collectible value. A coin's grade is generally determined by six criteria: strike, preservation, luster, color, attractiveness, and occasionally the country/state in which it was minted. Several grading systems have been ...
Third-party grading (TPG) refers to coin grading & banknote grading authentication, attribution, and encapsulation by independent certification services.. These services will, for a tiered fee depending on the value of the coin, "slab" a coin and assign a grade of 1–70 on the Sheldon grading system, with 1 being the lowest grade, with only faint details visible to 70, a practically perfect ...
The NGC grading scale is based on the 70-point Sheldon coin grading scale. Strike designations include Prooflike and Deep Prooflike for circulation issue coins and Cameo and Ultra Cameo for Proof coins. Coins deemed high-end for their particular numeric grade receive a "Plus" designation. Coins considered attractive get a "Star" moniker.
The firm evaluates certain numismatically valuable U.S. coins already certified by Numismatic Guaranty Corporation (NGC) or Professional Coin Grading Service (PCGS). [1] [2] Coins that CAC deems high-end for their grades receive green stickers, [3] which usually add premiums ranging from single digit percentages to 92% or more.
Graded Morgan dollars within a variety of coin slabs. Top left NGC, ANCS, PCGS, bottom left ANCS, PCGS. Coin slab is a type of holder for a coin. Slabbed coins are typically from one of the coin grading companies. The practice of sending coins to third-party grading companies and then "slabbing" them began in 1986.
The two largest coin grading companies, PCGS and NGC, have graded 47 in higher grades. [7] In 2014 the Eliasberg 1893-S Morgan dollar sold for US$646,250 at auction. It is a Professional Coin Grading Service (PCGS) graded coin in MS-65. [1] In 2021, a PCGS graded 1893-S Morgan dollar in MS-67 sold for US$2,086,875.00. [6]