Confused by PCGS regrade vs reconsideration services

davids5104

Regrade, per the website: The “Regrade” service applies to coins that are already encapsulated and graded by PCGS. If a customer feels that their coin may qualify for a newly recognized variety or warrants a different grade, but they do not want to remove the coin themselves, this service may be used. PCGS will receive the coin, note the grade it arrived, remove it from the holder, grade the coin raw. The coin will not return at a lower grade than it was received. If a coin is received as a PCGS MS65, it will be returned to the customer as a PCGS MS65 or higher; never lower." They say never lower.... do they mean if it regrades lower, the guarantee kicks in??

Reconsideration, per the website: RECONSIDERATION™ is a service from PCGS that allows you to submit your coins for regrading without the risk of a potential crack out if the coin does not receive an upgrade.

Why Reconsideration?
-There's no risk of losing your original labeling if your coin does not upgrade
-An increase of a plus grade could significantly increase the value of your coin
-Add new services, like TrueView & Variety Attributions, to your old coins
-You only pay the 'Guarantee Premium' if your coin upgrades higher than the current grade
-Certification number remains the same

Is it true that the part about adding new services would only be able to occur if the grade changed? The coin would not be removed otherwise

ms70

Regrade, per the website: The coin will not return at a lower grade than it was received.

Don't bank on it.

MilkmanDan

This is an area that could really use some simplification, or at least clarification. I overheard a conversation at the PCGS booth yesterday in Long Beach where even the staff were fumbling the explanation. When you’re dealing with pluses, upgrades, downgrades, bars, bells, cams, cracking, stickers, etc, it way too complicated.

lkeigwin

@davids5104 said:
They say never lower.... do they mean if it regrades lower, the guarantee kicks in??

Yes. But it rarely happens.

Is it true that the part about adding new services would only be able to occur if the grade changed? The coin would not be removed otherwise

Yes and no. If the holder isn't going to be cracked because the coin can't upgrade then there is no way to add a variety attribution to the cert.

Similarly, you can't get a True View of the raw coin. However, PCGS is open to shooting a TV through the holder as a special request. This would have to be cited very plainly on the submission form. (Just write it out in big letters.)
Lance.

coinbuf

I'm not sure that anyone on the planet knows what any of the service levels means anymore.

opportunity

How about writing "surprise me" on the form?

Gluggo

Good question

Kkathyl

@davids5104 said:
Regrade, per the website: The “Regrade” service applies to coins that are already encapsulated and graded by PCGS. If a customer feels that their coin may qualify for a newly recognized variety or warrants a different grade, but they do not want to remove the coin themselves, this service may be used. PCGS will receive the coin, note the grade it arrived, remove it from the holder, grade the coin raw. The coin will not return at a lower grade than it was received. If a coin is received as a PCGS MS65, it will be returned to the customer as a PCGS MS65 or higher; never lower." They say never lower.... do they mean if it regrades lower, the guarantee kicks in??

Reconsideration, per the website: RECONSIDERATION™ is a service from PCGS that allows you to submit your coins for regrading without the risk of a potential crack out if the coin does not receive an upgrade.

Why Reconsideration?
-There's no risk of losing your original labeling if your coin does not upgrade
-An increase of a plus grade could significantly increase the value of your coin
-Add new services, like TrueView & Variety Attributions, to your old coins
-You only pay the 'Guarantee Premium' if your coin upgrades higher than the current grade
-Certification number remains the same

Is it true that the part about adding new services would only be able to occur if the grade changed? The coin would not be removed otherwise

Thank you that was very informative and an excellent point it’s a way for the customer to send in coins that they may think need a higher grade if they do not you’ll just return them without any kind of break out which I would appreciate. Wonderful to know!

Kathy

Kkathyl

@Gluggo said:
Good question

Excellent point I have a lot of quality third or unknown name graders from the past that I’d like to send in but if I’m to find out that the Coin is not even gradable I’d prefer maybe to keep it in the old odd ball holder for my Odd ball holder collection. 😆

DRUNNER

I had some similar questions but did not want to hijack the thread. I am going to call Customer Service when it is time and we'll work out the questions personally.

Drunner

davewesen

@DRUNNER said:
I had some similar questions but did not want to hijack the thread. I am going to call Customer Service when it is time and we'll work out the questions personally.

Drunner

I wonder how many different answers you would get if you called 5 times?

ChrisH821

@DRUNNER said:
I had some similar questions but did not want to hijack the thread. I am going to call Customer Service when it is time and we'll work out the questions personally.

Drunner

Be sure to post the Q&A here. Chances are if you have questions, others will have the same ones.

ms70

@davewesen said:

@DRUNNER said:
I had some similar questions but did not want to hijack the thread. I am going to call Customer Service when it is time and we'll work out the questions personally.

Drunner

I wonder how many different answers you would get if you called 5 times?

Things seem to be slipping.

GarrettO

Good thread here. I always wondered which way was more beneficial.

Oldhoopster

@davewesen said:

@DRUNNER said:
I had some similar questions but did not want to hijack the thread. I am going to call Customer Service when it is time and we'll work out the questions personally.

Drunner

I wonder how many different answers you would get if you called 5 times?

Probably 7 or 8.

marcmoish

I sent a few pieces in for reconsideration but more so for TrueViews, and most came back as is.

Which I expected , BUT with no Truviews.

Point is I forgot TV service won't kick in unless the coin gets cracked out.

Senior moment or is this all so complicating?