No grade? Slabs that only say "Genuine"

What is the story behind this?

 

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what code number??? it tells you what was done to the coin

 

Like James said, but for example a coin will come back genuine if there was a problem with the coin such as cleaned etc.

 

Here is an article that explains it and lists the codes. http://coins.about.com/od/coingrading/f/pcgs_genuine.htm

 

It is my understanding that PCGS has just changed the way they handle problem coins. They will no longer use "Genuine". Now, they will be giving a "Details" grade and specifying the reason. I saw photos of the slab with the new insert on another forum.

Chris

 

I hadn't heard that. I thought they still said "Genuine" but also listed the problem...but gave no details grade.

 

I'll see if I can find the thread and post a link here.

Chris

 

Here is the thread. It's the 8th post on the first page.

http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=5366287#Post5366287

Chris

 

Very interesting. Thanks for sharing that as I had no idea.

 

Looks like it still say Genuine to me.

 

PCGS still designates Genuine without a details grade by default, but you can choose to have the details grade included. The slab pictured in the thread displays it well.

I think they should have defaulted to including the details grade, but then they didn't ask me.