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What do the TPGs do if they damage a coin?
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<p>[QUOTE="iPen, post: 2333974, member: 69760"]Stemming from a thread I recently posted on regarding Latex vs. Cotton Gloves, since it was a bit off-topic there, what's the procedure that TPGs follow if they drop or damage a coin? Do the TPGs mention that they damaged it? Are the risks <i>and</i> the subsequent costs assumed by the buyer for submitting the coin?</p><p><br /></p><p>I'm sure that's what insurance is for, but is the TPG-provided insurance even necessary to submit the coins (despite its recommendation for high value coins, whatever $ figure is high to the submitter)?</p><p><br /></p><p>If I submit what would be a high MS-6X grade coin, and it turned out as a much lower details grade, then are you SOL if they're not insured (assuming that insurance is not required and you didn't pay for it)?</p><p><br /></p><p>Watching the PCGS grading process video below, the coins are graded by hand. I'm sure it's the same at NGC, ANACS, ICG, etc. So, human error / accidents seem inevitable, however rare that may be and despite the large padded work area, expertise of handling thousands of coins, etc.</p><p><br /></p><p>After lots of buying and thinking of which coins to send, I'll be sending some coins in for the first time very soon to NGC with a "bulk" batch, so this info would be good to know.</p><p><br /></p><p>Thanks in advance!</p><p><br /></p><p><br /></p><p>[MEDIA=youtube]hAQv6qmGcis[/MEDIA][/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2333974, member: 69760"]Stemming from a thread I recently posted on regarding Latex vs. Cotton Gloves, since it was a bit off-topic there, what's the procedure that TPGs follow if they drop or damage a coin? Do the TPGs mention that they damaged it? Are the risks [I]and[/I] the subsequent costs assumed by the buyer for submitting the coin? I'm sure that's what insurance is for, but is the TPG-provided insurance even necessary to submit the coins (despite its recommendation for high value coins, whatever $ figure is high to the submitter)? If I submit what would be a high MS-6X grade coin, and it turned out as a much lower details grade, then are you SOL if they're not insured (assuming that insurance is not required and you didn't pay for it)? Watching the PCGS grading process video below, the coins are graded by hand. I'm sure it's the same at NGC, ANACS, ICG, etc. So, human error / accidents seem inevitable, however rare that may be and despite the large padded work area, expertise of handling thousands of coins, etc. After lots of buying and thinking of which coins to send, I'll be sending some coins in for the first time very soon to NGC with a "bulk" batch, so this info would be good to know. Thanks in advance! [MEDIA=youtube]hAQv6qmGcis[/MEDIA][/QUOTE]
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