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"Genuine Not Gradable" Meaning?

 
 
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Valued Member
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307 Posts
 Posted 04/03/2011  7:06 pm Show Profile   Bookmark this topic Add Cali_Nick to your friends list Get a Link to this Message
"Genuine not gradable" saw it on a PCGS slab. Whats it mean?
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 Posted 04/03/2011  7:13 pm  Show Profile   Check NPCoin's eBay Listings Bookmark this reply Add NPCoin to your friends list Get a Link to this Reply
It means that the coin is authentic, but due to one of the plethora of reasons PCGS has for not doing so, they will not assign a grade to the coin.

You will find that some TPGs will grade coins that others will not. It is all in their grading philosophy. PCGS is a market grader.

My own philosophy is that any coin is "gradable", any problems with the coin should be properly noted along with its grade. But, I mostly grade upon technical merit, not market pressure.
Edited by NPCoin
04/03/2011 7:14 pm
Valued Member
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 Posted 04/03/2011  7:32 pm  Show Profile   Bookmark this reply Add Cali_Nick to your friends list Get a Link to this Reply
Pillar of the Community
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 Posted 04/03/2011  8:17 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
It has altered surfaces.

which can be any of the following according to PCGS.....

This No Grade covers anything added to the surface of the coin to either "improve" its appearance or to cover marks. Surface alteration methods include adding: dental wax, putty, lacquer, nose grease, etc. "Thumbing" is the application of a putty-like material to fill in marks, scratches, and other defects or to haze over portions of the coin. Coatings (such as lacquer), while intended to protect coins, result in a No Grade because it is impossible to determine the quality of the underlying surfaces.
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 Posted 04/03/2011  9:00 pm  Show Profile   Bookmark this reply Add Cali_Nick to your friends list Get a Link to this Reply
OK Thanks guys I will avoid those for now.
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 Posted 04/04/2011  10:20 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
if you click this link and scroll down to "problem coins" area it will tell you exactly what the code means http://www.PCGS.com/grades.chtml . I have never seen a 87 or 96 but if you do it doesn't really mean there is a problem just means it couldn't be graded for the service the customer chose according to their website above
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 Posted 08/20/2019  6:21 pm  Show Profile   Bookmark this reply Add jtully54 to your friends list Get a Link to this Reply
Probably a dumb first question, but re: "Genuine Not Gradable;" Nick concluded his response with "I will avoid those for now" and no one commented on whether it is that serious an issue that one should simply "avoid" those coins. My question: if the price of the coin seems to have taken this into account, would one still want to "avoid or like many other transactions, is it a matter of risk tolerance to buy it right?

Thanks!
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 Posted 08/20/2019  6:33 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply
to CCF jtully54
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 Posted 08/20/2019  8:13 pm  Show Profile   Bookmark this reply Add jtully54 to your friends list Get a Link to this Reply
Thank You, MDP!
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