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<p>[QUOTE=&quot;GDJMSP, post: 1853469, member: 112&quot;]Endeavor I don&#039;t think you understand how things work. The TPG&#039;s guarantee the grade they assign to a coin. The guarantee applies to coin, not to person who submitted it. In other words, a coin can be graded in 2002, bought and sold numerous different times to different owners. And then in say 2014 another person buys the coin, looks at it and says to himself, hey I think they messed up, I think they over-graded this coin. At that point the current owner of the coin sends the coin in to the TPG asking for a grade review under the TPG guarantee.</p><p><br /></p><p>Then the TPG examines the coin. If they think the coin is correctly graded they leave it in a slab with the same grade. But if they the TPG agrees with the owner that they (the TPG) made a mistake and over-graded the coin, they re-grade the coin and put it into a slab with the new grade on it. They then honor their grade guarantee.</p><p><br /></p><p>They back up that guarantee a couple of different ways. 1 - they will replace the coin you sent to them with a different coin of the same grade that your original coin had. In other words if you send them a 62, they will send you back a different coin, same date same mint that is graded 62.</p><p><br /></p><p>2 - they will put your original coin in a slab with the lower grade on it. If the coin was originally graded a 62, then the new slab will say 61, or 60, or 58, or whatever they (the TPG) decide the correct grade really is. But because a 62 is worth more money than a 61 they (the TPG) will decide what a 62 is currently worth, and what 61 is currently worth, and they (the TPG) will send the owner the difference in cash. In other words, if they (the TPG) decide a 62 is worth $350 and that a 61 is worth $250, then they will send you back your coin in the new slab that says 61, plus a check for $100.</p><p><br /></p><p>Now, you have to understand something else. The TPG is the only one who makes any decisions here. Only the TPG decides if the coin is or is not over-grade. Only the TPG decides what the current value is for the coin in any grade.</p><p><br /></p><p>In other words it doesn&#039;t matter what you the owner think the correct grade is. It doesn&#039;t matter what you the owner think the coin is worth. It doesn&#039;t matter what the Grey Sheet says the coin is worth, or the dealer down the street, or your friends and buddies, or what anybody else thinks the coin is worth. And it doesn&#039;t matter what you paid for the coin. The only thing that matters is what the TPG says.</p><p><br /></p><p>For example, if you paid $500 for a coin in a 62 slab. And later on you came to think the coin was over-graded and and sent it in under the guarantee. The TPG could look at the coin, say yes it was over-graded and honor their guarantee. But - they decide that the value of the coin in 62 is only $250, and that the value of the coin in 61 is only $200. Then they will send you coin back in the 61 slab, and a check for $50.</p><p><br /></p><p>That&#039;s how it works.[/QUOTE]</p><p><br /></p>

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