Slabbed F.E. Cent question

[Jeffro]

I have an 1858 small letter Flying Eagle cent that has been slabbed by PCI. Grading strictly by wear, I would place it as AU, because the wear is almost non-existant. There is barely any wear on the breast feathers and the closest wingtip, with the details of the feathers still readily visible.

However, it does have corrosion on it. It may have been dug. The corrosion is dark in spots with no green coloring anywhere. All lettering and detail is sharp and visible on both sides.

I personally would drop a grade for the corrosion myself, but I would think this coin rates a XF grade, dropped one grade from AU.

My questions are:

PCI graded this coin as VF 35. Does this seem about right? Or are they known for undergrading?

And do you think it would be worth cracking it out and submitting it to another service?

Scanner comes out fuzzy, unfortunately, and I can't get a decent shot with my camera, but here it is....

 

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[jeff of pa]

This is just MY Opinion. IN vf-20 IT'S WORTH ABOUT $40.00

iN xf it's worth $120.00

it is gong to cost you HOW MUCH ? to have it re-Graded ?

say $25.00 & they RE Grade at VF-35.

Your approximate $40.00 coin now is worth $15.00 Because you wasted
$25.oo or MORE IF you had it graded the first time also.



I say Leave well enough alone.

Copper will continue to Deteriorate anyway
even Slabbed, as they are Not Air Tight. UNLESS they changed things in the Last few years .

 

[Jeffro]

Well, thats just it.... its currently at VF-35. I just wondered if someone out there knew about PCI grading, and if it would be worth a shot for the extra 5 points to XF. I know the money would be well spent if there was a chance. I'm just not familiar enough with PCIs grading practices. Maybe PCGS or NGC would put it at XF? I dunno....

Thanks for the input Jeff, it is appreciated!

Has anybody else submitted coins to PCI and were you satisfied with the results?

 

[Klaatu]

Jeff,

I have not submitted any coins to PCI (and I doubt that I ever would). The rule of thumb is that the lesser grading services (any other than PCGS, NGC or ANACS) typically overgrade coins rather than undergrade. One grading service actually grades coins MS-70 before even seeing the coins!

Coin World had an article a few months about the numberous grading services. You might want to try to find that issue at your library.

 

[Sub2001zero]

I would leave as is. PCI like to over grade on there coins and if you send it some were eles it might even get a lower grade then it has.

I have some morgan grade by pci and the are all over grade, so i do not buy any pci grade coin anymore. That when i stated buying grade coins and that was many year ago.

So it is my own opion i would not get it regrade

 

[Jeffro]

Well, thats three against. Pretty good reasoning too. I think I'll just leave it and save the money, thanks guys!