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<p>[QUOTE=&quot;gmarguli, post: 441418, member: 246&quot;]<b>1) Does PCGS have a similar policy ?</b></p><p><br /></p><p>Not sure, but I believe that reholders are looked at by a grader.</p><p><br /></p><p>&nbsp;</p><p><b>2) Under what conditions would a downgraded, reholdered coin receive no compensation ? Why would a coin not qualify under the grade guarantee ?</b></p><p><br /></p><p>NGC has a poor guarantee for coins minted with copper. A coin that was graded 20 years ago as MS65RD and is now MS65RB or MS64RB would not qualify for their guarantee. </p><p><br /></p><p>&nbsp;</p><p><b>3) 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>. </b></p><p><b>&nbsp;</b></p><p><b>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. </b></p><p><b>&nbsp;</b></p><p><b>So what is the financial driving force ? Removing undergraded coins from the market to protect reputation ?</b></p><p><br /></p><p>NGC offers downgrade review for free. If you feel a coin is overgraded you can send it back and have it looked at for free. </p><p><br /></p><p>A true regrade where you want an upgrade is where the coin is removed from the slab and goes thru the grading process again and will be examined by a full set of graders. The reholder is examined by only one grader, I believe. There is zero chance for an upgrade with a reholder.</p><p><br /></p><p>&nbsp;</p><p><b>4) Does the submitter have an option ? Can they choose between keeping the coin in the current holder or accepting compensation ?</b></p><p><br /></p><p>Maybe. I&#039;ve heard of both submitters being contacted before anything was done and coins being downgraded without notice and the submitters being contacted afterward. </p><p><br /></p><p>&nbsp;</p><p><b>5) 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.</b></p><p><br /></p><p>No idea. I suspect that there is language about this potential on the submission forms or perhaps in the dealer agreement.[/QUOTE]</p><p><br /></p>

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