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<p>[QUOTE=&quot;John Burgess, post: 5390911, member: 105098&quot;]PCGS Guarantee is here:</p><p><a href="https://www.pcgs.com/guarantee#:~:text=PCGS%20guarantees%20that%20all%20United,under%20the%20procedures%20of%20PCGS.&amp;text=The%20grade%20of%20all%20U.S.,encapsulated%20by%20PCGS%20is%20guaranteed" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/guarantee#:~:text=PCGS%20guarantees%20that%20all%20United,under%20the%20procedures%20of%20PCGS.&amp;text=The%20grade%20of%20all%20U.S.,encapsulated%20by%20PCGS%20is%20guaranteed" rel="nofollow">https://www.pcgs.com/guarantee#:~:text=PCGS guarantees that all United,under the procedures of PCGS.&amp;text=The grade of all U.S.,encapsulated by PCGS is guaranteed</a>.</p><p><br /></p><p>I&#039;m not gonna dig for NGC but I assume it&#039;s something similar, in PCGS case, the important part is &quot; PCGS shall pay the current market value for the coin in question at the originally assigned grade (in which case, PCGS shall become the owner of the coin), or at the owner of the coin&#039;s option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned (in which case, the coin at the newly established grade will be returned to the owner). PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS. <b>IT IS UNDERSTOOD THAT PCGS WILL BE THE SOLE DETERMINER OF THE CURRENT MARKET VALUE OF THE COIN AND THAT CURRENT MARKET VALUE IS DEFINED AS DEALER REPLACEMENT VALUE</b>, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE COIN.&quot;</p><p><br /></p><p>&nbsp;it&#039;s not retail, it&#039;s not wholesale or catalog or greysheet, it&#039;s what they determine it would cost a dealer to replace the coin with one at that same grade.</p><p><br /></p><p>They aren&#039;t going to argue or haggle with you over it, if it&#039;s determined to be either counterfeit or overgraded or altered, they are going to offer to buy it for dealer cost of replacement regardless of what you paid for it, if you don&#039;t like the offer, go sue them in California, according to their guarantee because &quot;<b>THE PCGS GRADING GUARANTEE DOES NOT APPLY TO ANY CLAIMS BROUGHT OUTSIDE OF THE COURTS OF ORANGE COUNTY, CALIFORNIA</b>&quot;.</p><p><br /></p><p>They give a guarantee, it&#039;s up to their determination and discretion, and if it qualifies, they will make an offer, either you take it or you don&#039;t, and if you want to sue them over the guarantee, then you have to do it in California, because that&#039;s a condition of their guarantee.</p><p>At no point do you, the person using their service, have them in a difficult position or &quot;over a barrel&quot; so to speak, they have the hand in the relationship. They guarantee their grading and authentication, but on their own terms (and valuation on their own terms) and nobody else&#039;s terms. Take it or leave it.[/QUOTE]</p><p><br /></p>

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