Problem coin in PCGS Genuine holder: no problem?

RYK · February 22, 2009 10:42PM

Let's say that you are a looking for a specific coin (date or type), and you spot a problem coin in a PCGS Genuine holder. The coin looks very attractive, is priced reasonably, and you cannot spot the problem. Is this a problem for you?

This scenario is loosely based on something that I did encounter at FUN. I will post back later how I resolved it.

garsmith · February 22, 2009 10:55PM

If you can get a bargain price on it go for it, than break it out and if you still can't see the problem resubmit it for grade.

It could be the original submitter put it in with a stipulation that if it didn't get X-grade put it in a genuine holder.

Placid · February 22, 2009 10:57PM

<< It could be the original submitter put it in with a stipulation that if it didn't get X-grade put it in a genuine holder. >>

What code would that be

MidLifeCrisis · February 23, 2009 12:05AM

If the coin is a major rarity or prohibitively expensive in a "with grade" holder, and I can get the coin at a discounted price in a genuine holder, I'd probably take the genuine one.

However, as with all such questions, it depends on the coin.

robkool · February 23, 2009 12:12AM

Eye appeal is a major factor for the coin... If the problem on the coin cannot be seen using a 10x loupe in a genuine holder, and discounted by 50% then I would buy it.

mgoodm3 · February 23, 2009 12:12AM

Inquiring minds want to know how you resolved this conundrum.

RYK · February 23, 2009 12:20AM

<< Eye appeal is a major factor for the coin... If the problem on the coin cannot be seen using a 10x loupe in a genuine holder, and discounted by 50% then I would buy it. >>

What if you see it but do not recognize it?

I passed on the coin for the time being, and last I checked, it has not sold. It had far better eye appeal than coins priced 50-100% more.

BECOKA · February 23, 2009 2:17AM

<< 

I passed on the coin for the time being, and last I checked, it has not sold. It had far better eye appeal than coins priced 50-100% more. >>

To me this is a winner, it happens often that I like the nice original look of a problem coin over the usually dipped out lifeless graded coin.

Unknown · February 23, 2009 2:23AM

This content has been removed.

Drizzt · February 23, 2009 2:46AM

It could be "oh so slightly bent"....you'd never notice it in a holder

notwilight · February 23, 2009 3:02AM

If you've got a good eye and know the series, then you should be able to spot problems. If that is true then the coin would likely get into a graded holder with a little work and you've found a bargain. Want to go halves on it? --Jerry

notwilight · February 23, 2009 3:02AM

<< It could be "oh so slightly bent"....you'd never notice it in a holder >>

The label code gives the problem so RYK knows what problem he is looking for. --Jerry

RunnersDad · February 23, 2009 3:10AM

If it looks nice, and is priced right I would jump on it in a heart beat. If my budget prevents me from going that 50-100% higher, and this particular coin has just as much eye appeal, why wouldn't you get it unless you were trying to flip it quickly?

Bossman88 · February 23, 2009 4:10AM

Eye appeal is the key.
Buy it, crack it, and put
that baby in an album.

Regards, Larry

ColonialCoinUnion · February 23, 2009 4:13AM

<< Who says a coin in a Genuine holder wouldn't holder problem free if cracked out because the problem wasn't that noticeable, the process being so darn subjective. As long as it is genuine must look at risk reward percentage. >>

Yes.

IrishMike · February 23, 2009 4:15AM

I've done that with a couple of NCS coins, one even a former grader said he would have found it ok. I recently sold it to a friend/dealer for what I paid for it. Now I wish I had kept it.

dorkkarl · February 23, 2009 4:22AM

no problem since it will look better cracked out regardless

K S

JRocco · February 23, 2009 4:44AM

It depends RYK
I can live with a coin that has been cleaned (not severely) as well as
a coin that is un-gradeable due to something like a planchet flaw, but I
would not want a coin that was tooled or intentionally and permanently altered like an added mintmark.

Coxe · February 23, 2009 5:04AM

I think it represents a great opportunity to the collector. Befoere all of this certification, that is the coin you and I would have bought in a heartbeat. The difference now is that it is market discounted heavily. There's a chance that it could make regular graded plastic leter on a crack resubmit. But if something like an altered surface that they'll catch everytime, but is minute and nondistracting to you, why not have it in a Genuine holder? ....particularly if it is a difficult coin to locate as attractive anyway.

Problem coin in PCGS Genuine holder: no problem?

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