You should be able to have a skeleton (Black) key and valet (Red) key cut from your key. The profile is the same for each key, and as you have found, the grooves are the only difference for the Black and Red keys. The number of key cut generations does not really matter as long as they work.
My local Porsche dealer said they would charge $147 to cut a new key from my key card if they could do it at all. This particular dealer wasn't sure they could.
Your valet key should only work on the door and ignition and not the glovebox or the frunk lock.
I would suggest buying Porsche key blanks (Red and Black) and also a lighted head from our host as Joe Bob suggests, and having the keys cut from your copy by the same locksmith who cut the keys that work. Finding an old-school locksmith who can cut Porsche keys successfully is harder than it seems.
See http://forums.pelicanparts.com/porsche-911-technical-forum/650578-new-key.html
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1981 911SC, Guards Red/Black Leather
2014 Audi A6 Prestige, Phantom Black Pearl/Black Leather, Black Optics
2017 Tesla Model X
Gone but not forgotten: 1969 Datsun 2000, 1973 914 1.7, 1976 912E
Last edited by aoncurly; 09-17-2016 at 08:24 AM..
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