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<p>[QUOTE=&quot;900fine, post: 441372, member: 6036&quot;]Interesting ! Thanks for the clarification, Greg.</p><p>&nbsp;</p><p>Which poses a few questions :</p><p>&nbsp;</p><p><b>1) </b>Does PCGS have a similar policy ?</p><p>&nbsp;</p><p><b>2) </b>Under what conditions would a downgraded, reholdered coin receive no compensation ? Why would a coin not qualify under the grade guarantee ?</p><p>&nbsp;</p><p><b>3) </b>Normally, regrading fees (with submitter&#039;s intent to upgrade) are &quot;tier price&quot; (usually <b>$16 to $30</b>). But reholdering (with potential to downgrade) only costs <b>$5</b>. </p><p>&nbsp;</p><p>It seems NGC incurs the same &quot;costs of doing business&quot; either way. Seems they&#039;re losing money providing a grading process for $5. </p><p>&nbsp;</p><p>So what is the financial driving force ? Removing undergraded coins from the market to protect reputation ?</p><p>&nbsp;</p><p><b>4)</b> Does the submitter have an option ? Can they choose between keeping the coin in the current holder or accepting compensation ?</p><p>&nbsp;</p><p><b>5) </b>Why don&#039;t they mention this &quot;downgrade potential&quot; on their website ? That&#039;s an important detail there. The way they describe it implies it is just a mechanical &quot;replace the slab&quot; process, not a numismatic &quot;grade the coin&quot; process.</p><p>&nbsp;</p><p>As always, thanks for the input.[/QUOTE]</p><p><br /></p>

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