What do the TPGs do if they damage a coin?

A million dollar coin is not running the grading room gauntlet. It will 100 percent be looked at by their best professionals and may even need to get approved by the head boss, but it is not in the assembly line of coin grading.

 

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Wrong! You pay for the return shipping and insurance. NGC has a space on the submission form for calculating the cost. (PCGS used to be the same way, but I haven't used them for years.) NGC self-insures for the period of time the coin is in their PHYSICAL possession.

Chris

No. See above!

Chris

 

That is why I said technically. Of course you pay for the return shipping in your cost of getting it graded, but once you have shipped it they do the rest from that point. You are not going down to the post office and adding insurance on their shipment.

 

Is that even a thing? I've never heard of a recipient seperately insuring a package being sent to them. I suppose if one has a private insurance firm thry use its possible but can you go to the post office or FedEx, give them the number and say "I'd like to insure this package that's on its way to me" educate me here, is that possible?

 

Anyone who submits a million-dollar coin in any tier other than a walk-through is an idiot.

Chris

 

Quit using the "technically-smechnically" crap. You're confusing me!

Chris

 

Sorry, you are incorrect. Perhaps you should call the grading service as cpm9ball suggested.

Never mind...The girls who answer the phone will tell you that your $$$$$$ gem will get very special treatment and ONLY EXAMINED WITH COTTON GLOVES

In the cases I have heard/know of, the grading service will be notified that the $$$$$ coin is either expected OR it will be hand carried. The package must be opened and the coin is logged in, photographed etc...this is not done in the bathroom by "special little dwarfs. I will grant you for example, Scott at NGC many walk the coin around personally until he gives it to Rick or Mark.

Oh, and you can bet the house that a bunch of the "big guys" in the grading room will wish to see it EVEN IF THEY ARE NOT ON THE GRADING TIER, so the $$$$$ will be passed around plenty. Wouldn't you want to hold a genuine 1804 dollar or Extremely High Relief for a few seconds? I sure would.

 

Yep, and it is done.

 

In all honesty I do not know. If I had to guess I would say no since their policies revolve around the actions of the shipping party.

Lmao, right if you can afford that coin money shouldn't be a problem.

I don't even know what you are arguing at this point. I said the coin gets special treatment.....

 

I am NOT arguing, just informing . Truth be known, EVERY collector's coin gets treated great. One long-time TPG/ summer seminar instructor put it (paraphrase) this way to the class:

"I treat every coin, no matter what it is/worth the same way - as if it were mine. I realize that may sound like over-kill; but I'm so paranoid I won't let ANYONE touch one of my raw coins once I own it! If you all think about it, every coin at ____ IS IN MY COLLECTION for as long as it is here. I'm able to study it, photograph it and fondle it to my heart's content. Get the idea? I'm extremely careful with other's coins - and so are the other graders."

 

In all honesty not really. Again I don't know what you are trying to do. I never said coins were treated poorly, but your random quotes and names seems like you are just trying to feed your ego in all honesty. I said they get special treatment, you said I was wrong then told me how they might get special treatment, how does that make any logical sense?

As I said before bottom line is just submit coins and the biggest worry will be the actual grade not whether it will be safe.

 

I'm sure the tpgs have some sort of "chain of custody" SOP for 5-7 figure coins. One insurance payout and premiums go up in perpetuity. No business wants higher insurance premiums, especially the kind that come from a 100k+ payout

 

I'm a details guy who likes to know deep-dark-secrets about the coin business/TPGS and pass some of it on as "inside" info. I do know a few folks and fellow numismatists in the hobby who I enjoy listening to/debating but I don't think that is name dropping. Everyone should agree that a Mark Salzberg or David Hall is going to have a "say" on a $$$$$$ coin's grade. So let's bring their name in to the thread.

I've been called a trolling, self-important, know-it-all, stir-upper around here so it has to be true coming from so many of you. Oh, well. My intentions are good, friendly, and sometimes sarcastic/abrasive. I'm enjoying CT to the max.

Now, you are correct. $$$$$$$$$$$$ DO/MUST get special treatment. It's just not considered that special. Heck, if a GRADER takes the time to talk to a customer on the phone it can be called "special treatment" because it is!

I ALSO agree with you on sending the coin in and forgetting about it. I have some VAMS going to ANACS and then to the Great Expectations auction. I have almost forgotten about them, don't know how far along they are or when they go up for sale. I'll find out how I did when the check comes See no argument...just info based on my experience.

 

1012 kg of .9999 pure gold, $1M FV Australian round with a present melt value of over $36 million... typical day at your local TPG.

"Meh, too much work, give it to the new guy."




Fingerprints, check.




Cleaned / Polished, check:



Rim nicks? Check.




Altered, check.

 

That last one is tooled me bucko

 

You forgot, I called you GOD insider.

 

What a bunch of butterfingers.........

 

I remember now and I honestly like your posts. Even though I got myself in trouble w/the moderator

Nevertheless, your post is taken as "good-natured" blasphemy! I don't claim to be what I'm not - just perhaps a very tiny bit more knowledgeable about the inner working of several TPGS's than you

Can you see calling the "bright thing" a hairline yet?

 

It should get an MS DETAILS - ALTERED SURFACES.

Chris

 

Do you really believe folks here buy your line of B? You are only here to argue over anything with anyone that will take the time to do so. Get over yourself and stop with all the how great you are stuff. It makes others question your knowledge and for good reason. The folks here don't buy your act.