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PCGS Secure Plus™ Scanner detects re-submitted altered coins.
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<p>[QUOTE="GDJMSP, post: 1728254, member: 112"]Not likely. The reason it is not likely is because PCGS and only PCGS determines what the value of the coin is. And their value is based on wholesale prices - what a dealer would pay for the coin. And since you paid retail for the coin and they pay you wholesale, you are almost always going to come out losing money on the deal.</p><p><br /></p><p><br /></p><p><br /></p><p>Fair enough, but that is not the situation we were talking about, or at least not the one I was talking about. You as the owner only have that option if and when you have resubmitted the coin under their Guarantee Resubmission tier. But you are right, you do have that option, but only under that grading tier.</p><p><br /></p><p>The situation we were discussing was submitting the coin under regular grading tiers, and then resubmitting the coin again under regular grading tiers, until you get the grade you wanted, and then resubmitting the coin under the Secure Plus tier, and then having the coin returned to you downgraded from what it was before.</p><p><br /></p><p>In that situation you get nothing from PCGS but the downgraded coin back.</p><p><br /></p><p>It is only after you get the downgraded coin back, and after you resubmit the coin yet again, but this time under the Guarantee Resubmission tier. Only then does their guarantee policy even apply.</p><p><br /></p><p>So you paid to have the coin graded once. Then you paid to have the coin graded again. If the coin comes back at the higher grade you wanted on the second time you're happy. So lets assume that happens - you have paid them twice now to grade the coin. </p><p><br /></p><p>Then you must pay them a third time, for the Secure Plus tier, which is even more expensive than it was the first 2 times. So now you have paid them 3 times to grade the same coin. But, and here's the important part - you submitted the coin under the Secure Plus tier, not under the Guarantee Resubmission tier, so no guarantee even applies. Under the Secure Plus tier they are not checking to see if the coin was previously over-graded. </p><p><br /></p><p>All they are going to do is crack the coin out of its previous slab at, lets say it was 64, pass it on the graders, raw, with the graders having no idea what it was previously graded, and ending with the graders assigning a 63 grade and putting the coin in the Secure Plus slab. That means you lose. </p><p><br /></p><p>You have now paid to have the coin graded 3 times, and ended up with the coin being back in a 63 slab which is where it was to begin with after you paid to have it graded the 1st time. And to be honest I don't even think you even could resubmit it now under the Guarantee Resubmission once that has happened because the Guarantee Resubmission only applies to the slab the coin is currently in.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1728254, member: 112"]Not likely. The reason it is not likely is because PCGS and only PCGS determines what the value of the coin is. And their value is based on wholesale prices - what a dealer would pay for the coin. And since you paid retail for the coin and they pay you wholesale, you are almost always going to come out losing money on the deal. Fair enough, but that is not the situation we were talking about, or at least not the one I was talking about. You as the owner only have that option if and when you have resubmitted the coin under their Guarantee Resubmission tier. But you are right, you do have that option, but only under that grading tier. The situation we were discussing was submitting the coin under regular grading tiers, and then resubmitting the coin again under regular grading tiers, until you get the grade you wanted, and then resubmitting the coin under the Secure Plus tier, and then having the coin returned to you downgraded from what it was before. In that situation you get nothing from PCGS but the downgraded coin back. It is only after you get the downgraded coin back, and after you resubmit the coin yet again, but this time under the Guarantee Resubmission tier. Only then does their guarantee policy even apply. So you paid to have the coin graded once. Then you paid to have the coin graded again. If the coin comes back at the higher grade you wanted on the second time you're happy. So lets assume that happens - you have paid them twice now to grade the coin. Then you must pay them a third time, for the Secure Plus tier, which is even more expensive than it was the first 2 times. So now you have paid them 3 times to grade the same coin. But, and here's the important part - you submitted the coin under the Secure Plus tier, not under the Guarantee Resubmission tier, so no guarantee even applies. Under the Secure Plus tier they are not checking to see if the coin was previously over-graded. All they are going to do is crack the coin out of its previous slab at, lets say it was 64, pass it on the graders, raw, with the graders having no idea what it was previously graded, and ending with the graders assigning a 63 grade and putting the coin in the Secure Plus slab. That means you lose. You have now paid to have the coin graded 3 times, and ended up with the coin being back in a 63 slab which is where it was to begin with after you paid to have it graded the 1st time. And to be honest I don't even think you even could resubmit it now under the Guarantee Resubmission once that has happened because the Guarantee Resubmission only applies to the slab the coin is currently in.[/QUOTE]
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PCGS Secure Plus™ Scanner detects re-submitted altered coins.
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