It amazes me that for all the trouble of running this through the system and authenticating they wouldn't just grade it. I'm surprised Genuine is an option. Wonder how much money was saved on no grading.
as it was #47 in who know how large a batch I think we can guess it was a "bulk" submission with anything below a certain grade say XF just gets a "genuine" grade. Personally I couldn't see my self doing that kind of submission even if i ran my own store but then I'm a cheap sob to begin with lol