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PCGS Holder X/500 Meaning

 
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Author Previous TopicReplies: 5 / Views: 418Next Topic  
Valued Member
United States
60 Posts
 Posted 12/30/2021  7:04 pm Show Profile   Bookmark this topic Add T_F_F to your friends list Get a Link to this Message
Hi all, I noticed this listing on Ebay
https://www.ebay.com/itm/133973216614
The label says the coin is 1/500. What exactly does this mean? What lot of 500 is it referring to? Does this add any value?
Pillar of the Community
United States
2523 Posts
 Posted 12/30/2021  7:19 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
My guess would be that someone authorized to use the official Olympic Rings logo had 500 of these graded and numbered.

You'll often read "buy the coin, not the holder" on this site. I suppose the same could be said for the label.
Bedrock of the Community
United States
17687 Posts
 Posted 12/31/2021  01:58 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
It means some dealer sent in a bulk submission of 500 proof Olympic dollars. they paid for a custom label (They probably aren authorized to use the olympic rings) and paid to have them labeled 1 of 500. The number 1 has no special significance as typically on a submission such as this ALL the coins are "1 of however many"

So their is absolutely nothing special or important about this coin, just a dealer trying to hopefully get a newbie to bite on a "#1 coin"
Gary Schmidt
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United States
5510 Posts
 Posted 12/31/2021  08:34 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I suggest you look at the seller's feedback.
Describe it as if there were no picture.
Picture it as if there were no description.
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United States
3633 Posts
 Posted 12/31/2021  09:22 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
I would agree the submitter/label is probably not authorized - authorized uses typically cite (may be required to cite?) the appropriate section of the law. If you watch the TV commercials over the next couple months leading up to the games, you will see the logo everywhere...
-----Burton
47 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, OnLinw Coin Club
Owned by four cats and a wife of 37 years (joined 1983)
Pillar of the Community
United States
8031 Posts
 Posted 12/31/2021  09:33 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
So, did PCGS 'print' the label, or the submitter? The International Olympic Committee is rather protective of its trademarks, etc. Imagine the fun IOC would have going after PCGS (no mom and pop outfit by-the-way) for infringement. If PCGS didn't have permission to use/display/reproduce the rings, they are at risk.


The Olympic rings are the exclusive property of the International Olympic Committee (IOC). They are a mark protected around the world and cannot be used without the IOC's prior written consent.
(source: olympic(dot)com).
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