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<p>[QUOTE=&quot;GDJMSP, post: 23126, member: 112&quot;]NGC - PCGS - ICG - all offer a grade guarantee and they stand behind it. I do not believe ANACS does. But as Nd already said - the guarantee for any of the companies is only good if the company who slabbed the coin downgrades it at a later date. If another company downgrades the coin - the guarantee no longer applies. This is primarily because all of the grading companies use different grading standards as has been discussed here many times.</p><p><br /></p><p>You should also be aware that the value of a downgraded coin, when submitted under the guarantee of all the companies, is not based on retail value or what YOU PAID for the coin. It is based on the difference between the wholesale value of the coin in the original grade ( at the current time - not when you bought it ) and the wholesale value of the downgraded coin ( at the current time - not when you bought it ). </p><p><br /></p><p>For instance - if you buy a Morgan dollar slabbed by PCGS as MS66 today for $1500 - and next year you resubmit it to PCGS and it is graded as MS65 - you get the difference in what the wholesale value is next year. And no it doesn&#039;t matter if the coin market goes in the toilet in the meantime. If the MS66 Morgan is currently valued at $595 and the MS65 is valued at $300 - you get paid $295 by PCGS.</p><p><br /></p><p>Wonderful aint it&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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