A request for assistance with "Genuine"
AgEagle
Posts: 83
I'm not sure I fully understand the "Genuine" slab when it comes to a 220+ year old coin. Not because it doesn't warrant it, just because I simply don't understand. The 12:00 and 6:00 (no sundial pun intended) seem kind of odd on the obverse; is that what makes it slab Genuine?
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Ag
Ag
Red meat is fine; green, fuzzy meat is bad for you.
0
Comments
Altered Surfaces - whizzed, harsh cleaning, thumbed over (using a pasty substance to cover defects or alter the appearance)
Still, it looks like a lovely coin and you should be proud to own it (assuming you do).
<< <i>'m not sure I fully understand the "Genuine" slab when it comes to a 220+ year old coin >>
It's "Genuine" because it's "Genuine."...
Hope that helps....
Cinman: I Genuinely appreciate your input
Red meat is fine; green, fuzzy meat is bad for you.
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
<< <i>Confusing, isn't it? PCGS won't spell out the problem on the label because their dealer customers prefer it this way. They don't want to alert potential customers the coin has a problem. >>
The fact that the coin is in a holder marked GENUINE on the obverse and GENUINE NOT GRADABLE on the reverse seems like a pretty good indicator that the coin has a problem.
<< <i>
<< <i>Confusing, isn't it? PCGS won't spell out the problem on the label because their dealer customers prefer it this way. They don't want to alert potential customers the coin has a problem. >>
The fact that the coin is in a holder marked GENUINE on the obverse and GENUINE NOT GRADABLE on the reverse seems like a pretty good indicator that the coin has a problem. >>
I'm talking about new collectors who are unaware of this. But, why not just spell out the problem like other grading services do?
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
<< <i>
<< <i>
<< <i>Confusing, isn't it? PCGS won't spell out the problem on the label because their dealer customers prefer it this way. They don't want to alert potential customers the coin has a problem. >>
The fact that the coin is in a holder marked GENUINE on the obverse and GENUINE NOT GRADABLE on the reverse seems like a pretty good indicator that the coin has a problem. >>
I'm talking about new collectors who are unaware of this. But, why not just spell out the problem like other grading services do? >>
Why? It is a marketing decision. Many dealers did not want the genuine service at all. Having the codes is a way to maintain some differential from NCS and ANACS problem coins. Grading services are first and foremost, marketing companies, in business to make money. Most of that money comes from the submitters, most of which are dealers.
Code 82 is filed rims, that is indicated on the label, since the damage is hidden from view by the retaining gasket.
<< <i>Some of the designations with numerical codes are noted on the label with a description. Some are not.
Code 82 is filed rims, that is indicated on the label, since the damage is hidden from view by the retaining gasket. >>
They also list the problem on the label for holed coins which aren't hidden by the retaining gasket. Maybe they should be consistent and list all problems.
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
theres no date, its been improperly cleaned, it has a mount removed.....a sad survivor in bad shape. NCS used two descriptions but on the Genuine slab, how would they handle that?