PCGS slabs lacquered coins?

shirohniichan

I noticed that there's a slabbed lacquered coin coming up in a future Heritage auction. Does PCGS only slab rare lacquered patterns like this, or will they slab any lacquered coin?

gmarguli

I think they are indicating that ICCS said the coin was lacquered. Maybe PCGS disagreed or it was removed before being submitted to them.

dragon

PCGS has a history of holdering problem pieces if they are rare enough, expensive enough, or old enough. Look at the counterstamped Dexter 1804 dollar, look at all the lightly cleaned PR gold pieces from that large collection (forget the guys name), look at all the early 1800's / late 1700's gold and type coins that get holdered with problems. So long as PCGS deems them to be market acceptable and not grossly altered, they get holdered.

dragon

IrishMike

I think the key is marketability, as long as the coin is readily marketable, almost anything will make it into a slab. I'm guessing the rarity and age make it readily marketable.

Conder101

Sometimes it can be surprising how far the services have come from the early days when the they said flat out that they would not slab problem coins. I have in the miscellaneous section of my book a picture of a PCGS slab that actually stated the coin as tooled right on the label.