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Undervaluing submissions to PCGS
goldfixer21
Posts: 80 ✭✭✭
in Q & A Forum
What happens if you send coins to PCGS using Economy Grading, and the coins end up being valued above the $300 maximum value?
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goldfixer21
Posts: 80 ✭✭✭
Comments
The value is for insurance purposes. You’ve valued the coin, by what you wrote on the submission form, and if it was lost while in their possession then you maximum insurance reimbursement would be what you wrote down.
Similar to any other insurance (auto, house) you get what you pay for. So undervaluing a coin to get a cheaper cost in the submission could bite back if the coin was lost.
Of course not knowing what it’ll grade does make it difficult to gauge. If the coin is on the borderline then calling CS may help.
I do not know what insurance company is used.