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How rare are business strike MS70 coins?
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<p>[QUOTE="baseball21, post: 2314520, member: 76863"]It had developed a spot and the owner sent it in for the guarantee to get his money back from the downgrade basically.</p><p><br /></p><p>I wouldn't call that a strike against PCGS since it spotted after grading and they did end up paying him for that. If you look through the old thread the owner seemed happy with the value he received for it. While its a shame that happened to the coin they did stand behind their guarantee in that instance.</p><p><br /></p><p><br /></p><p><br /></p><p>There's no minimum grade you can put on regrades that is only for cross overs. They back up their grade and will give you some form of payout on a regrade or reholder but they reserve the right to downgrade a coin whenever they review it. </p><p><br /></p><p>It also wasn't until more recently that they allowed 70 to be placed as a minimum grade for cross overs, that was not an option back in 2008 when that happened but that is more of a side note since it was sent in with the specific purpose of getting a payout when the spot downgraded it.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2314520, member: 76863"]It had developed a spot and the owner sent it in for the guarantee to get his money back from the downgrade basically. I wouldn't call that a strike against PCGS since it spotted after grading and they did end up paying him for that. If you look through the old thread the owner seemed happy with the value he received for it. While its a shame that happened to the coin they did stand behind their guarantee in that instance. There's no minimum grade you can put on regrades that is only for cross overs. They back up their grade and will give you some form of payout on a regrade or reholder but they reserve the right to downgrade a coin whenever they review it. It also wasn't until more recently that they allowed 70 to be placed as a minimum grade for cross overs, that was not an option back in 2008 when that happened but that is more of a side note since it was sent in with the specific purpose of getting a payout when the spot downgraded it.[/QUOTE]
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