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Is it really possible that only PCGS and NGC get it right?
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<p>[QUOTE="19Lyds, post: 2305396, member: 15929"]While this is technically true, PCGS's standard for PR70 states "As Stuck" and I've sen my fair share of PR70 coins which adhered to that technical definition.</p><p><br /></p><p>I'm not saying it's right as purchaser's of these coins should look "beyond" the label and make their own judgments on whether or not they want to pay the "PR70 Premiums" associated with a TPG's "opinion".</p><p><br /></p><p>Now, after having resubmitting several coins back to PCGS for the grade guarantee, I learned that they stand behind their opinion more than their guarantee. And it cost me $27 per coin to learn that lesson. Mind you, I submitted these coins after having bought them off of Teletrade only to find that, had I sold them as is, that I'd probably be looking at return sales from the buyers. I try to NOT sell coins which I don't at least have some agreement with the grade.</p><p><br /></p><p>I once bought a coin which had what appeared to be an "x" scratched into it. I sent it to PCGS for their guarantee and instead of giving it a genuine, they simply downgraded it to an MS64 from an MS65?</p><p><br /></p><p>[ATTACH=full]463726[/ATTACH]</p><p><br /></p><p>Did they get it right?[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 2305396, member: 15929"]While this is technically true, PCGS's standard for PR70 states "As Stuck" and I've sen my fair share of PR70 coins which adhered to that technical definition. I'm not saying it's right as purchaser's of these coins should look "beyond" the label and make their own judgments on whether or not they want to pay the "PR70 Premiums" associated with a TPG's "opinion". Now, after having resubmitting several coins back to PCGS for the grade guarantee, I learned that they stand behind their opinion more than their guarantee. And it cost me $27 per coin to learn that lesson. Mind you, I submitted these coins after having bought them off of Teletrade only to find that, had I sold them as is, that I'd probably be looking at return sales from the buyers. I try to NOT sell coins which I don't at least have some agreement with the grade. I once bought a coin which had what appeared to be an "x" scratched into it. I sent it to PCGS for their guarantee and instead of giving it a genuine, they simply downgraded it to an MS64 from an MS65? [ATTACH=full]463726[/ATTACH] Did they get it right?[/QUOTE]
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Is it really possible that only PCGS and NGC get it right?
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