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In this paper, we provide the first comprehensive study of user-chosen 4- and 6-digit PINs ($\mathbf{n=1220}$) collected on smartphones with participants being explicitly primed for device unlocking. We find that against a throttled attacker (with 10, 30, or 100 guesses, matching the smartphone unlock setting), using 6-digit PINs instead of 4-digit PINs provides little to no increase in security, and surprisingly may even decrease security. We also study the effects of blacklists, where a set of ``easy to guess'' PINs is disallowed during selection. Two such blacklists are in use today by iOS, for 4-digits (274 PINs) as well as 6-digits (2910 PINs). We extracted both blacklists compared them with four other blacklists, including a small 4-digit (27 PINs), a large 4-digit (2740 PINs), and two placebo blacklists for 4- and 6-digit PINs that always excluded the first-choice PIN. We find that relatively small blacklists in use today by iOS offer little or no benefit against a throttled guessing attack. Security gains are only observed when the blacklists are much larger, which in turn comes at the cost of increased user frustration. Our analysis suggests that a blacklist at about 10\,\% of the PIN space may provide the best balance between usability and security.