Grade of Genuine

NewParadigm

Does the "Genuine" holder actually decrease the value of a coin, when compared to a raw coin, as bidders might pay a premium to the hopes of getting a lucky star?

This coin looks good. Would the seller get more for it pre-grading??? I would tend to think so...

Linktified

Walkerguy21D

For this example, it might be better out of the slab, as to me it's being advertised as a common date coin with some kind of problem (I'm not going to go into the fact that the slabbed coin doesn't match the description, etc.), and problem free examples are plentiful.
Now if it was something like a 1799 large cent, rare in any form, and forgeries abound, I'd be very interested in one of these in a genuine holder, but wouldn't go near a raw one on Ebay or anywhere else, unless being offered by one of the major specialists.

speety

We only have one coin that is currently in a Genuine holder, and it's worth much more in the slab. For a more common coin, i'd probably rather have it raw...

AUandAG

I think in this case it's a wash. Not a rare coin and plentiful in
most grades. Waste of grading fees.

bob

AnkurJ

If the coin was not slabbed, I would not touch it. His pictures make it difficult to see what is wrong with it. But yes, genuine slabs = problem coins. And the majority of times, problem coins sell for less.

Ankur

InternetJunky

<< <i>For this example, it might be better out of the slab, as to me it's being advertised as a common date coin with some kind of problem (I'm not going to go into the fact that the slabbed coin doesn't match the description, etc.), and problem free examples are plentiful.
Now if it was something like a 1799 large cent, rare in any form, and forgeries abound, I'd be very interested in one of these in a genuine holder, but wouldn't go near a raw one on Ebay or anywhere else, unless being offered by one of the major specialists. >>

Goldbully

I had PCGS slab a 1907-S Double Liberty Gold knowing full well it was cleaned on the obverse.
It is owned by my brother in law, and I thought the genuine slab plus a serial number would be to his benefit.
I took advantage of the Gold CC Special and thought I did him a favor....~$25 total cost.
He is pleased with the knowledge that the coin is not a counterfeit, and it can be traced unless cracked out of course.
I feel like I did him a service, in that if he ever decides to sell the coin, he will not be ripped off by some unscrupulous buyer.
The sad part about the coin, the reverse has not been cleaned and is full of golden lustre!!!
Your thoughts are most welcome.

edited to add: Even though it is a Genuine slab, the PCGS name does indeed carry some needed clout on this type of coin.
Not to mention, it sure looks nicer in a slab than an infamous BB!!!

PerryHall

There is no "grade of genuine" since "genuine" only means the coin is real and has nothing to do with the coin's level of wear or condition. Also, "genuine" doesn't help you price a coin since it is used for MS coins with light cleaning all the way down to low grade coins with severe damage. The "genuine" holder has value for any coin that has been heavily counterfeited (eg. 16-D dimes, 14-D cents, etc.).

chucknra

Genuine definately lowers the cost unless it's a counterfeit coin or an expensive coin in Good and you need a filler.

hammered54

it's a cop out imo..esp. when it come to questionable color on copper...how long these guy's been grading? don't know album toning from AT.
I think most know that their coin is Genuine before they send it in ..with a few exceptions.
key coin's get a pass ? not alway's.
Matt.

keets

i think with some coins there is an advantage to the "Genuine" holder and while it might decrease the selling price vs. a coin with an assigned grade it will at least help sell a problem coin to someone who otherwise might be hesitant. also, some astute buyer might feel the coin is worthy of a crackout and re-submission. an example is a few Dollars my old boss had, two 1795's and a 1798. even though we were quite certain they were genuine(2 of the 3 had endured a light cleaning) he resisted my suggestion to send them to PCGS and they just sat in the case. someone looked at them at every show we attended but the average collector isn't going to spend $5-$10k on a heavily counterfieted coin that's raw.

i never understood why he resisted spending less than $100 to allow that much to sit in inventory.

lkeigwin

<< <i>There is no "grade of genuine" since "genuine" only means the coin is real and has nothing to do with the coin's level of wear or condition. >>

I agree but another respected forum member feels otherwise.
Lance.

ambro51

PCGS does need to reevaluate the use of the genuine holder in the registry however. To assign every gennie PO01 value is a great disservice, and also a wrong move in the never ending competition with another grading/registry. I do agree though thats its impossible to easily arrive at an accepted NET grade. So, why not bypass that, and divide, rate, grade.....the genuine slabs into class 1 class 2 class 3

Class 1` genuine coins could have minor cleaning, altered color or surfaces, very light scratches
Class 2 could have edge damage, rim nicks, harsh cleaning or polishing, plugged holes
Class 3 would be real dogs, but genuine and identifiable, having serious damage, corrosion etc etc.


I think a genuine slab kills an ebay auction for a common coin. I think it even kills a good portion of the value of a rare coin, to the point where it may indeed sell for more raw.

eggbone

<< <i>If the coin was not slabbed, I would not touch it. His pictures make it difficult to see what is wrong with it. But yes, genuine slabs = problem coins. And the majority of times, problem coins sell for less.

Ankur >>



6 vs. 1/2 dozen

Fletcher

I just got this one back ... and I sent it in knowing full well that it would come back in a Genuine holder. However, I wanted it slabbed for protection (I drop stuff), I wanted it annotated with the D/S error, and I wanted it to fit in a PCGS blue box in my safety deposit box.

PerryHall

<< <i>

<< <i>There is no "grade of genuine" since "genuine" only means the coin is real and has nothing to do with the coin's level of wear or condition. >>

I agree but another respected forum member feels otherwise.
Lance. >>



I guess we'll have to agree to disagree.

TwoSides2aCoin

If I had my druthers, the Genuine Holders would accomodate a coffee cup or beer glass. They'd be called Genuine Draft Holders and would stack nicely.