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Ever had a coin submitted to PCGS for regrade go down in grade?
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<p>[QUOTE="calcol, post: 2438145, member: 77639"]Curious to know if anyone has had a regrade coin go down in grade at PCGS. With a regrade, the coin is cracked-out of the holder by PCGS and graded like a raw coin. I have heard a number of folks say the grader doesn't know the previous grade of the coin. But, I haven't heard anyone from PCGS say it or found it in their website or publications.</p><p><br /></p><p>If anyone has had a regrade go down in grade, did PCGS pay you for the decreased value like their publications state? From the PCGS guarantee website, the value of a coin for this purpose would be "dealer replacement value" as determined solely by PCGS. I interpret "dealer replacement value" as wholesale price. The PCGS Price Guide is not mentioned in the wording of the guarantee. However, the Price Guide claims to be "average dealer asking prices", which I interpret to be retail. So, if anyone has received compensation for a downgraded coin, did you feel that it was adequate?</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2438145, member: 77639"]Curious to know if anyone has had a regrade coin go down in grade at PCGS. With a regrade, the coin is cracked-out of the holder by PCGS and graded like a raw coin. I have heard a number of folks say the grader doesn't know the previous grade of the coin. But, I haven't heard anyone from PCGS say it or found it in their website or publications. If anyone has had a regrade go down in grade, did PCGS pay you for the decreased value like their publications state? From the PCGS guarantee website, the value of a coin for this purpose would be "dealer replacement value" as determined solely by PCGS. I interpret "dealer replacement value" as wholesale price. The PCGS Price Guide is not mentioned in the wording of the guarantee. However, the Price Guide claims to be "average dealer asking prices", which I interpret to be retail. So, if anyone has received compensation for a downgraded coin, did you feel that it was adequate? Cal[/QUOTE]
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Ever had a coin submitted to PCGS for regrade go down in grade?
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