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Interesting thread about a PCGS reholder sub that downgraded
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<p>[QUOTE="Jaelus, post: 4153786, member: 46237"]Again, these are guarantees for the grade. The designation is not the grade. There is no policy for recovery of losses for a designation change is there? The wording here is very important.</p><p><br /></p><p>I had a 19th century proof that was mistakenly slabbed as a PF62 Restrike by NGC (it was unquestionably original as it had no restrike mark). I submitted it for reholder service and asked for "restrike" to be removed since it was incorrect.</p><p><br /></p><p>At first they reholdered it again as PF62 Restrike, but I called before it shipped out and pointed out (again) that there was no restrike mark. At that point they agreed to change it, but then they also changed it from PF62 to MS62 without telling me. They would not budge on this after I called and wrote to complain, even though the coin looked so much like a proof that they slabbed it as such and even did so after a second review. They wouldn't even make it MS62 PL, and I got no compensation. The price difference was very significant, but the "grade" of 62 did not change.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 4153786, member: 46237"]Again, these are guarantees for the grade. The designation is not the grade. There is no policy for recovery of losses for a designation change is there? The wording here is very important. I had a 19th century proof that was mistakenly slabbed as a PF62 Restrike by NGC (it was unquestionably original as it had no restrike mark). I submitted it for reholder service and asked for "restrike" to be removed since it was incorrect. At first they reholdered it again as PF62 Restrike, but I called before it shipped out and pointed out (again) that there was no restrike mark. At that point they agreed to change it, but then they also changed it from PF62 to MS62 without telling me. They would not budge on this after I called and wrote to complain, even though the coin looked so much like a proof that they slabbed it as such and even did so after a second review. They wouldn't even make it MS62 PL, and I got no compensation. The price difference was very significant, but the "grade" of 62 did not change.[/QUOTE]
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Interesting thread about a PCGS reholder sub that downgraded
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