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<p>[QUOTE=&quot;ToughCOINS, post: 2432198, member: 20480&quot;]That&#039;s exactly right.&nbsp; PCGS and NGC both try to do their due diligence in screening applicants before authorizing them as PCGS / NGC dealers.&nbsp; References are required from 3 existing authorized dealers, and certain financial requirements must be met.&nbsp; Presumably, this dealer should have had a decent sense for how the coins would grade, but I&#039;ll say this . . . I&#039;ve been absolutely dumbfounded by grades assigned to some &quot;uncirculated&quot; early gold that I&#039;ve seen, so I could understand if that&#039;s what the dealer had submitted.</p><p><br /></p><p>I also think both PCGS and NGC could easily flag submissions when the value of the graded package far exceeds the declared value (this would be an easy figure to arrive at, based on a little bit of programming).[/QUOTE]</p><p><br /></p>

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