I have what is just a run of the mill large cent at PCGS economy (actually a rare variety, but I didn't request attribution). Only 5 days(!!) after the date received, my grades for the whole submission posted, but the large cent was marked as "No Service/Not Holdered" without any further explanation. Have any of you encountered this? I have had another coin turn up counterfeit before, but it was clearly noted online. I can't wrap my head around it.
Only minor corrosion (perhaps not even enough to matter, I was hoping), but I'm not sure why that should matter?
Do you have a picture of the large cent? What year is the alleged coin? I edited my post to add alleged.
https://www.pcgs.com/grades That should get you to the page where PCGS lays out their grading standards. Corrosion does not prevent holdering. Grading yes, holdering no.
From their website (not sure why this would apply to a genuine large cent): Code 96 – No Service This is simply reserved for coins which we do not presently grade, such as hammered (medieval) coins, cast coins, ancients or certain tokens and medals. This category changes over time, and we may someday add certain coins which we do not presently grade.
Unfortunately, I forgot to take pics before I sent it, so that will have to wait. It's just an ordinary middle date large cent...so odd.
I had then do this to me on a vent seated dollar once... because it didn't fit in the holder/gasket properly or securely. Wonder if that could be the issue with your large cent?
I had one come back counterfeit after they holdered it twice already. At a couple different details grades. Next it ended up straight graded vf at ngc
Very unlikely imo, but don't they say counterfeit if it is? Mine just says "no service/not holdered" which almost sounds like I'll be getting a refund for that one.
I just thought of another time this happened to me. A coin came back in a flip that read: "Authenticity Unverifiable." So they couldn't call it fake, but couldn't call it real... so they took a pass on it and gave me a No Service.
The grading services have been burned on fake coins that were damaged intentionally to hide the problems that would have shown that they were not genuine. They were fooled into placing fake coins into “genuine” holders. Perhaps that was case with this one. The coin might very well be genuine, but PCGS does not want to stick their neck out when they are not sure.