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What does PCGS slabbed "Genuine" mean?

BigAlBigAl Posts: 1,186 ✭✭✭
in U.S. Coin Forum
does this mean the coin may have altered surfaces?

Comments

  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭


    << <i>does this mean the coin may have altered surfaces? >>

    For practical purposes, it means the coin is genuine but not problem free or market acceptable. Some altered surfaces are unacceptable while others, like chop marks, are acceptable.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • commoncents05commoncents05 Posts: 10,085 ✭✭✭
    Genuine, but not gradable because of a problem.

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • DennisHDennisH Posts: 13,990 ✭✭✭✭✭
    Up until recently they were bodybagged (not put into holders) and returned to the person who submitted them in plastic flips. Going into a 'Genuine' holder is a good thing, because at least PCGS believes the coin is real rather than a counterfeit.

    There are several reasons why a coin can get put into a 'Genuine' holder, of which altered surfaces is one. Cleaning is another. So is damage. The two numbers immediately after the period (.) in the serial number on the holder is a code for which particular sin the graders deemed most offensive. For an explanation of what those code numbers mean scroll down to the middle of this page.
    When in doubt, don't.
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭


    << <i>Up until recently they were bodybagged (not put into holders) and returned to the person who submitted them in plastic flips. Going into a 'Genuine' holder is a good thing, because at least PCGS believes the coin is real rather than a counterfeit. >>

    In addition to PCGS believing the coin is genuine, the coin qualifies for the PCGS Guarantee:

    << <i>Genuine Coins All coins encapsulated by PCGS are guaranteed to be Genuine. PCGS will now encapsulate some problem coins as 'Genuine' without grading them. These coins are labeled 'Genuine not Gradable'. >>

    Private Mint News | 2010 Lincoln Reverse Finalists
  • BECOKABECOKA Posts: 16,960 ✭✭✭
    Lets just say it's like ANACS or NCS net grade slabs without throwing the issue in your face.

    No Grade Description
    82 Filed Rims
    83 Peeling Lamination
    84 Holed and Plugged
    90 Not Genuine
    91 Questionable Color
    92 Cleaning
    93 Planchet Flaw
    94 Altered Surfaces
    95 Scratch / Rim Dent
    97 Environmental Damage
    98 Damage
    99 PVC Residue

  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Lets just say it's like ANACS or NCS net grade slabs without throwing the issue in your face.

    No Grade Description
    82 Filed Rims
    83 Peeling Lamination
    84 Holed and Plugged
    90 Not Genuine
    91 Questionable Color
    92 Cleaning
    93 Planchet Flaw
    94 Altered Surfaces
    95 Scratch / Rim Dent
    97 Environmental Damage
    98 Damage
    99 PVC Residue >>



    I think you mean "details" grade. Generally they don't net grade. --Jerry
  • mojomanmojoman Posts: 2,665


    << <i>Genuine, but not gradable because of a problem >>


    mine came back 91-questionable color
    this was in a type set album for close to 2 years what do you think?

    image
    image
    Ebay Seller I.D
    the_northern_trading_company
    ace@airadv.net
    imageimage
  • sonoranmonsoonsonoranmonsoon Posts: 2,078 ✭✭


    << <i>

    << <i>Lets just say it's like ANACS or NCS net grade slabs without throwing the issue in your face.

    No Grade Description
    82 Filed Rims
    83 Peeling Lamination
    84 Holed and Plugged
    90 Not Genuine
    91 Questionable Color
    92 Cleaning
    93 Planchet Flaw
    94 Altered Surfaces
    95 Scratch / Rim Dent
    97 Environmental Damage
    98 Damage
    99 PVC Residue >>



    I think you mean "details" grade. Generally they don't net grade. --Jerry >>



    #83 Peeling lamination will not be accepted in a genuine holder, I learned that one the hard way. There is another number that also still gets bodybagged, but I can't recall which number it is. I think it is #93 planchet flaw, but don't hold me to that.
  • BoomBoom Posts: 10,165 ✭
    In the simplest terms, it means that the item submitted IS a GENUINE/ "non- counterfeit" piece
    HOWEVER, by PCGS standards (at that given time), for reasons given by numerical code, the item
    is NOT "gradeable"!image
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • PerryHallPerryHall Posts: 46,080 ✭✭✭✭✭


    << <i>does this mean the coin may have altered surfaces? >>



    The fact that people are asking questions such as this indicates that many people are confused as to what is going on with these genuine holders and that PCGS should start indicating the problem on the label.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RWBRWB Posts: 8,082 ✭
    If PCGS had taken the "high road" they would have printed the reason the coin was not graded right on the face of the slab. As it is, they use numeric codes (as noted above) that folks have to memorize or translate using their "Secret Code Decoder Ring."

    I'm waiting to see the first Code 90 coin in a "Genuine" holder.
  • ZoinsZoins Posts: 34,113 ✭✭✭✭✭
    Imagine what would happen if PR-91 and MS-94 started showing up on inserts.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>What does PCGS slabbed "Genuine" mean? >>

    it means, crack out & try again

    K S
  • LanLordLanLord Posts: 11,714 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Lets just say it's like ANACS or NCS net grade slabs without throwing the issue in your face.

    No Grade Description
    82 Filed Rims
    83 Peeling Lamination
    84 Holed and Plugged
    90 Not Genuine
    91 Questionable Color
    92 Cleaning
    93 Planchet Flaw
    94 Altered Surfaces
    95 Scratch / Rim Dent
    97 Environmental Damage
    98 Damage
    99 PVC Residue >>



    I think you mean "details" grade. Generally they don't net grade. --Jerry >>



    #83 Peeling lamination will not be accepted in a genuine holder, I learned that one the hard way. There is another number that also still gets bodybagged, but I can't recall which number it is. I think it is #93 planchet flaw, but don't hold me to that. >>

    I would think a 99 wouldn't get into a genuine holder
  • LanLordLanLord Posts: 11,714 ✭✭✭✭✭


    << <i>If PCGS had taken the "high road" they would have printed the reason the coin was not graded right on the face of the slab. As it is, they use numeric codes (as noted above) that folks have to memorize or translate using their "Secret Code Decoder Ring."

    I'm waiting to see the first Code 90 coin in a "Genuine" holder. >>

    that would cause the world to explode
  • element159element159 Posts: 511 ✭✭✭


    << <i>If PCGS had taken the "high road" they would have printed the reason the coin was not graded right on the face of the slab. As it is, they use numeric codes (as noted above) that folks have to memorize or translate using their "Secret Code Decoder Ring."

    I'm waiting to see the first Code 90 coin in a "Genuine" holder. >>


    The coding isn't obvious to me at all. I am sort of a newb to coin collecting, but I think it should be clearer, you shouldn't have to be an expert to understand the slab markings. Without this thread, I would have no idea how to figure out the code. Even when somebody said '91' it wasn't obvious. If the slab said 'Impairment code 91' on it, it would be easy for someone to figure out to google that, and they would learn what it meant, but with this design you have to know where to look, and even that you can look.

  • leothelyonleothelyon Posts: 8,452 ✭✭✭✭✭
    What does PCGS slabbed "Genuine" mean?

    It means that you have the absolutely positively authentic indisputable legitimate real McCoy there boy!


    Leo image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • PerryHallPerryHall Posts: 46,080 ✭✭✭✭✭


    << <i>What does PCGS slabbed "Genuine" mean?

    It means that you have the absolutely positively authentic indisputable legitimate real McCoy there boy! >>



    It also means that there are problems with the coin that keeps it from being graded.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • joecopperjoecopper Posts: 1,195 ✭✭✭
    The coin is real but has a problem

    If it is early copper, it means you better check that it is actually OK and crack it out in any case.
  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭


    << <i>

    << <i>Genuine, but not gradable because of a problem >>


    mine came back 91-questionable color
    this was in a type set album for close to 2 years what do you think?

    image
    image >>


    I think they took your money.
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • leothelyonleothelyon Posts: 8,452 ✭✭✭✭✭


    << <i>

    << <i>What does PCGS slabbed "Genuine" mean?

    It means that you have the absolutely positively authentic indisputable legitimate real McCoy there boy! >>



    It also means that there are problems with the coin that keeps it from being graded. >>




    They don't say the coin was graded when they holder a coin as genuine.


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • PopacollPopacoll Posts: 7 ✭

    I have a 1976 Ike dollar..40 percent silver and does not have the S mint mark. it came back from PCGS as GENUINE Damage and surface smoothing. Does that mean the Mint mark may have been grinded/smoothed off?

  • oih82w8oih82w8 Posts: 12,191 ✭✭✭✭✭

    @Popacoll said:
    I have a 1976 Ike dollar..40 percent silver and does not have the S mint mark. it came back from PCGS as GENUINE Damage and surface smoothing. Does that mean the Mint mark may have been grinded/smoothed off?

    Possibly...do you an image?

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • Manifest_DestinyManifest_Destiny Posts: 6,895 ✭✭✭✭✭

    Here's the original thread with pics.

    https://forums.collectors.com/discussion/1103198/need-help-identifying-an-ike-dollar#latest

  • Jacques_LoungecoqueJacques_Loungecoque Posts: 733 ✭✭✭✭✭

    @PerryHall said:
    << does this mean the coin may have altered surfaces? >>

    The fact that people are asking questions such as this indicates that many people are confused as to what is going on with these genuine holders and that PCGS should start indicating the problem on the label.

    Spot on! I’ve never understood the reason not to? Except maybe that dealers prefer it this way? I’d wager they have a (the most-??) powerful say in the matter.

    I can’t see how the costs would be prohibitive to our benevolent host? Communication a key to success after all….

    Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.

  • goodmoney4badmoneygoodmoney4badmoney Posts: 1,225 ✭✭✭✭✭

    @Manifest_Destiny said:
    Here's the original thread with pics.

    https://forums.collectors.com/discussion/1103198/need-help-identifying-an-ike-dollar#latest

    Now we know it isn't counterfeit!

  • FrazFraz Posts: 2,118 ✭✭✭✭✭

    Many sellers on eBay either do not understand, or pretend that they don’t understand what genuine damaged entails.

  • goodmoney4badmoneygoodmoney4badmoney Posts: 1,225 ✭✭✭✭✭

    They should have stuck with the body bags imo.

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