When PCGS was founded in 1986, the idea of having a coin encased in a holder that both protects the coin and offers tamper-evident protection for the guarantee of the certified coin was revolutionary. The service PCGS offered quickly found more demand than what could be accommodated as the market demand for PCGS-certified coins took off.
As PCGS grew, the development for a better, more secure holder took place. In 1989 a larger holder was introduced. Unlike the smaller holders from February 1986 until 1989, this holder didn’t have the effect of a slight rattling sound that is often associated with the first-generation holders, which inspired the term “rattler” holder for these smaller 1986-1989 holders.
From 1989 until 1998 several newer versions of and developments to the PCGS holders and labels would be released but in 1998, PCGS changed its label color from green to blue, a standard label color that continues to today. In the marketplace, these holders from 1989-1998 are often referred to as “old green holders,” or “OGH” for short. In recent years an active hobby of collecting holders has developed in numismatics, placing a market value on the holder — not necessarily the coin inside. These collectors have been setting record prices for PCGS holders that are rare due to limited production or many coins being removed from their holder later on. As such, the marketing of older holders has taken off with major auction houses offering “old holder” auctions.
PCGS continues to innovate and develop better technology for its holder and services. To see the many generations of the PCGS holder, you can visit the PCGS online Holder Museum.