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Interesting thread about a PCGS reholder sub that downgraded
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<p>[QUOTE="TypeCoin971793, post: 4153573, member: 78244"]“If the grade determined under such <a href="https://www.pcgs.com/servicesandfees/#gr" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/servicesandfees/#gr" rel="nofollow">"Guarantee Resubmission"</a> procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed or non-authentic, 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'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. 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, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE COIN.”</p><p><br /></p><p><a href="https://www.pcgs.com/guarantee" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/guarantee" rel="nofollow">https://www.pcgs.com/guarantee</a></p><p><br /></p><p>Aha! The guarantee ONLY applies to “Guarantee Resubmission” submissions. By regrading it under the “Reholder” submission, they are technically not required to pay the difference to the owner.</p><p><br /></p><p>Really shifty stuff PCGS...[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4153573, member: 78244"]“If the grade determined under such [URL='https://www.pcgs.com/servicesandfees/#gr']"Guarantee Resubmission"[/URL] procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed or non-authentic, 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'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. 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, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE COIN.” [URL]https://www.pcgs.com/guarantee[/URL] Aha! The guarantee ONLY applies to “Guarantee Resubmission” submissions. By regrading it under the “Reholder” submission, they are technically not required to pay the difference to the owner. Really shifty stuff PCGS...[/QUOTE]
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Interesting thread about a PCGS reholder sub that downgraded
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