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Toning slabbed Pcgs and Ngc RD cents to RB and BN ?? $$$$
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<p>[QUOTE="illini420, post: 1076363, member: 19423"]To add further to Doug's post, PCGS did abandon their COLOR guarantee on copper coins to a great extent. But they now only cover the COLOR for coins owned by you prior to 2009 I think (cant remember the exact date). So all of my copper PCGS coins I bought prior to the cut off date are still covered by their full guarantee. However, if I took one of those coins and sold them to Doug, PCGS wouldn't cover the COLOR of the coin any longer as he would have aquired the coin after the cut-off date, even if the coin was in an older green holder and clearly graded prior to the cut-off date.</p><p> </p><p>What hasn't been tested by me personally (or any others that I've heard of) is how PCGS will treat a grade guarantee submission of a MS67RD Lincoln Cent that has been acquired by the owner after the cut-off date of the COLOR guarantee and has since turned in the holder. PCGS is clear that they no longer would guarantee the COLOR designation, but from what I have read, it seems they would still guarantee the numerical grade of the coin. So if that MS67RD got all spotty and turned brown and wouldn't regrade any higher than MS63BN, what would PCGS do??? They wouldn't pay the value difference between a 67RD and a 63BN, because color isn't covered, but would they still pay the difference between 67BN and 63BN because the numerical grade is guaranteed??? That would be hard to do since there is no market value of the non-existent 67BN. My guess is that PCGS would be pretty fair in trying to buy that coin off the market since they probably don't want a really bad looking 63BN quality coin in one of there 67RD holders floating around the market if they can avoid it.</p><p> </p><p>Finally, it's important to note that in the past 25+ years PCGS has NEVER graded ANY Lincoln wheat cent as a MS67BN!! I doubt they will do so anytime soon. In that same period, they have only graded 62 Lincoln Wheat Cents as MS67RB (almost all of which are post-1939 examples).[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 1076363, member: 19423"]To add further to Doug's post, PCGS did abandon their COLOR guarantee on copper coins to a great extent. But they now only cover the COLOR for coins owned by you prior to 2009 I think (cant remember the exact date). So all of my copper PCGS coins I bought prior to the cut off date are still covered by their full guarantee. However, if I took one of those coins and sold them to Doug, PCGS wouldn't cover the COLOR of the coin any longer as he would have aquired the coin after the cut-off date, even if the coin was in an older green holder and clearly graded prior to the cut-off date. What hasn't been tested by me personally (or any others that I've heard of) is how PCGS will treat a grade guarantee submission of a MS67RD Lincoln Cent that has been acquired by the owner after the cut-off date of the COLOR guarantee and has since turned in the holder. PCGS is clear that they no longer would guarantee the COLOR designation, but from what I have read, it seems they would still guarantee the numerical grade of the coin. So if that MS67RD got all spotty and turned brown and wouldn't regrade any higher than MS63BN, what would PCGS do??? They wouldn't pay the value difference between a 67RD and a 63BN, because color isn't covered, but would they still pay the difference between 67BN and 63BN because the numerical grade is guaranteed??? That would be hard to do since there is no market value of the non-existent 67BN. My guess is that PCGS would be pretty fair in trying to buy that coin off the market since they probably don't want a really bad looking 63BN quality coin in one of there 67RD holders floating around the market if they can avoid it. Finally, it's important to note that in the past 25+ years PCGS has NEVER graded ANY Lincoln wheat cent as a MS67BN!! I doubt they will do so anytime soon. In that same period, they have only graded 62 Lincoln Wheat Cents as MS67RB (almost all of which are post-1939 examples).[/QUOTE]
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Toning slabbed Pcgs and Ngc RD cents to RB and BN ?? $$$$
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