PCGS is returning my BHOF's after grading - four clad and four silver. When I sent them out, I insured for $480.00 - they sent them back insured for $100??
Thanks for telling us about this. Before I send to PCGS I will have to call them to make sure they return my package fully insured. That's very surprising and irresponsible of them.
You'll almost certainly insult PCGS by asking them to view this modern junk as valuable!!! Repent before the coin oricales, lest ye be shunned!!!! Joking This is actually quite surprising and irresponsible on their part.
You got them, right? Don't sweat the small stuff. In fact, you could have insured them for less when you sent them to the TPG'er? Might have saved you a buck or two?
Doesn't PCGS do submission tracking online? NGC does - I always know the grades of my coins as soon as its posted online.... well before they arrive in my hot little hands.
Actually PCGS DID NOT insure the package for $100. Sometime in the last year or so, the USPS announced that they would automatically insure most Priority Mail packages for up to $100. So the $100 insurance that you see on the tracking info is just the default insurance from USPS. PCGS has third party insurance coverage and actually doesn't purchase insurance for each individual package. They have an annual flat rate that they pay. The reason that PCGS asks us to assign a value is so each submission is that in the event of a loss, there is already a predetermined value in place. This would make it easy for PCGS to handle the claim if there is a loss.
Correct. I sent what turned out to be a $10,000 stamp collection to a dealer for an offer and he told me to send it Registered declaring a value of $0 as his insurance would cover it.
