PNGL is an acronym for Professional Numismatic Grading Laboratory. The holder in the image is dated 1987 and has a duel grade for obverse and reverse, plus a lenghty explanation on the grades that's also referred to as "Quality Condition".
The company operated in Washington D.C. based on the label and the label is extremely similar to the ANACS holders of the same time frame. However, I am not sure when PNGL started grading coins or who started the company.
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I hope you, the visitor of this web page, found this website before you purchased a graded coin at ebay or any other online venue. If not, don't despair, because here you will find all the information you need to buy graded coins without getting ripped off. It's better to learn this information now than never.
Ebay is only one of many websites that contain coin auctions or coins for sale in holders with an assigned grade. It's also apparent that uninformed collectors assume that a coin in a holder is authentic and graded appropriately, but such is not always the case.
It doesn't take a degree or training to buy coin holders, create the labels of your choice and encase coins inside. Furthermore, if you know how much coins are worth in different grades than you would be able to grade any coin, a grade of your choice, for the most profit. However, it doesn't stop there as many decide that can pass-off cleaned coins as problem free, or fake coins as authentic. If that's not enough, some have chosen to fake holders from the most respected grading services like PCGS and NGC.
So, I hope each visitor takes heed to the information contained in these web pages and buys graded coins accordingly.
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