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<p>[QUOTE=&quot;Barry Murphy, post: 3062704, member: 79368&quot;]There are a few reasons for the difference in rates.</p><p><br /></p><p>1 - In general, the more expensive a coin the more time that will be spent verifying authenticity because there is a greater risk if a mistake is made. We had a US coin in recently that we spent at least 5 days with on verifying authenticity and confirming that it wasn&#039;t a coin that was stolen in the 1960&#039;s. TPG&#039;s, in regards to US and world coins, have to insure against the possibility of having made a mistake and then being liable for the value of the coin.</p><p><br /></p><p>2 - Insurance costs covering loss are higher for a more expensive coin, both in terms of the cost of the in house insurance to cover the coin while it&#039;s in our possession, and the cost of insurance for the return shipping of the coin to the owner.</p><p><br /></p><p>3 - The value added is greater for a more expensive coin than for a cheaper coin thus the fee for the added value is greater. The US coin mentioned above was submitted as a probable forgery. After extensive research it was determined the coin was authentic and probably worth in excess of $3 million. That&#039;s a lot of added value. Likewise, a coin I saw today with a submitted value of $50k, turned out to be a forgery. The value to the dealer that submitted it is significant in that he now won&#039;t run a forgery in his sale and be liable for it in the future, and the owner of the coin can return it to where he purchased it and get a refund. Again, a lot of added value.</p><p><br /></p><p>Barry Murphy[/QUOTE]</p><p><br /></p>

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