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General Grading Question

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Valued Member
bobbymeru's Avatar
United States
285 Posts
 Posted 03/30/2011  9:33 pm Show Profile   Bookmark this topic Add bobbymeru to your friends list Get a Link to this Message Number of Subscribers
I've seen some graded coins online where some say "Genuine, not gradeable" or "Authentic" with a G to F details (no number after F). What gives a coin these types of grades and how much of a difference is there between them and one with say a F12 grade?
Pillar of the Community
United States
1547 Posts
 Posted 03/30/2011  10:11 pm  Show Profile   Bookmark this reply Add eddiespin to your friends list Get a Link to this Reply
Start here. The price guidelines assume problem-free coins. However, there are problem coins, and there are problem coins, right? "Genuine" means the coin is the "McCoy" but because of the nature or degree of the problems associated with the coin the TPG doesn't feel too comfortable putting its mark on it and letting it go as a "collectible" coin. After all, the TPG's mark stands for a certain level of quality, right? That's all that means.

The other, "Authentic," is the same logic, just a little different style of going about it. "Details" is the TPG's way of saying, while it sees problems with the coin, the coin should still transact in the market; however, at a lower "net" grade. Remember, these TPGs are "market grading."
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United States
312 Posts
 Posted 03/31/2011  12:43 am  Show Profile   Bookmark this reply Add mshev to your friends list Get a Link to this Reply
Good answer, eddie! Adding to it, there are a number of reasons a coin can get that label - such as cleaning, artificial toning, etc. When PCGS grades a coin "genuine", they also use a code on the holder to provide the reasoning. The following link will tell you what each code means (scroll down):
http://www.pcgs.com/grades.chtml

To answer the second part of your question - it really depends on how significant the problem is. For example, a coin such as a draped bust dollar in AU condition may get a genuine grade if it's been cleaned, but might still go for a lot more than an F12 if the cleaning does not detract much from the details. However, another coin could be corroded to nearly beyond recognition and clearly would go for far less than an F12.
Edited by mshev
03/31/2011 12:48 am
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