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<p>[QUOTE="Coinchemistry 2012, post: 2443624, member: 28107"]For those expressing criticism towards the OP, this doesn't appear to be a case where the OP is attempting to force PCGS/NGC standards on SEGS. SEGS itself agreed that the coin was overgraded. SEGS's sole argument is that it has <i>no liability</i> not that it isn't liable for value that comparable PCGS and NGC coins would fetch. The denial of liability was conditioned solely upon a change in corporate structure. There was no attempt for SEGS to be reasonable.</p><p><br /></p><p>Imagine if PCGS did something like this. There would be many pissed forum members, and it would arguably cause instability in the certified coin market. The fact that most of us don't take SEGS grading seriously does not alter the calculus. Given the mentality of many collectors here that are accepting to this, do not be too surprised if you see other companies pull something similar. PCGS has already retroactively killed the copper color guarantee, exempted PVC damaged coins from its guarantee, publicly refused to honor its guarantee on a MS70 Ike dollar scheduled for auction, and announced a bright line rule (by David Hall on his own forums) that anything more than 3 points overgraded would be presumed to be a mechanical error.</p><p><br /></p><p>This thread has implications well beyond SEGS.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinchemistry 2012, post: 2443624, member: 28107"]For those expressing criticism towards the OP, this doesn't appear to be a case where the OP is attempting to force PCGS/NGC standards on SEGS. SEGS itself agreed that the coin was overgraded. SEGS's sole argument is that it has [I]no liability[/I] not that it isn't liable for value that comparable PCGS and NGC coins would fetch. The denial of liability was conditioned solely upon a change in corporate structure. There was no attempt for SEGS to be reasonable. Imagine if PCGS did something like this. There would be many pissed forum members, and it would arguably cause instability in the certified coin market. The fact that most of us don't take SEGS grading seriously does not alter the calculus. Given the mentality of many collectors here that are accepting to this, do not be too surprised if you see other companies pull something similar. PCGS has already retroactively killed the copper color guarantee, exempted PVC damaged coins from its guarantee, publicly refused to honor its guarantee on a MS70 Ike dollar scheduled for auction, and announced a bright line rule (by David Hall on his own forums) that anything more than 3 points overgraded would be presumed to be a mechanical error. This thread has implications well beyond SEGS.[/QUOTE]
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