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Thoughts on cabinet friction from a professional grader.
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<p>[QUOTE="Jaelus, post: 3553588, member: 46237"]They have an even better way out of honoring the guarantee <i>on absolutely every coin</i>. Look at this excerpt from NGC's guarantee under Clerical or Mechanical Errors:</p><p><br /></p><p><b>"Clerical or Mechanical Errors. </b>A clerical or mechanical error occurs when a Coin is encapsulated with a label that bears <b><span style="color: #0000ff">a grade</span></b> and/or description that <span style="color: #0000ff"><b>clearly does not correspond</b></span> with the Coin. It is the duty of the buyer and seller of a Coin to examine such Coin for a clerical or mechanical error to return such Coins for correction when warranted. <span style="color: #ff0000"><b>The NGC Guarantee does not apply when NGC determines, in its sole reasonable discretion, that a clerical or mechanical error has resulted in the Coin having an incorrect grade</b></span> or description. If requested, NGC will remedy any clerical or mechanical error free of charge by updating the encapsulation to show an appropriate label."</p><p><br /></p><p>Ok so you submit a coin for the guarantee because the grade doesn't look right. By definition, for you to have selected that coin to submit for the guarantee it is because you think the grade clearly does not correspond to the correct grade of the coin, right?</p><p><br /></p><p>Well in their language it states that if the grade clearly does not correspond with the coin it can at its sole discretion determine it to be a mechanical error and the guarantee is nullified.</p><p><br /></p><p>PCGS has almost this exact same language in their guarantee as well.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 3553588, member: 46237"]They have an even better way out of honoring the guarantee [I]on absolutely every coin[/I]. Look at this excerpt from NGC's guarantee under Clerical or Mechanical Errors: [B]"Clerical or Mechanical Errors. [/B]A clerical or mechanical error occurs when a Coin is encapsulated with a label that bears [B][COLOR=#0000ff]a grade[/COLOR][/B] and/or description that [COLOR=#0000ff][B]clearly does not correspond[/B][/COLOR] with the Coin. It is the duty of the buyer and seller of a Coin to examine such Coin for a clerical or mechanical error to return such Coins for correction when warranted. [COLOR=#ff0000][B]The NGC Guarantee does not apply when NGC determines, in its sole reasonable discretion, that a clerical or mechanical error has resulted in the Coin having an incorrect grade[/B][/COLOR] or description. If requested, NGC will remedy any clerical or mechanical error free of charge by updating the encapsulation to show an appropriate label." Ok so you submit a coin for the guarantee because the grade doesn't look right. By definition, for you to have selected that coin to submit for the guarantee it is because you think the grade clearly does not correspond to the correct grade of the coin, right? Well in their language it states that if the grade clearly does not correspond with the coin it can at its sole discretion determine it to be a mechanical error and the guarantee is nullified. PCGS has almost this exact same language in their guarantee as well.[/QUOTE]
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Thoughts on cabinet friction from a professional grader.
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