Meaning of GP

sumdunce

I see on the submission forms that some levels add a "GP" to the cost. I do not see where "GP" is defined. What is "GP" or how do I calculate it?

Thank you.

sumdunce

Never mind. I just found it online. It was not on the restoration form.

JBK

Was it Government Packaging?

sumdunce

It is Guarantee Premium (GP).

From the normal submission PDF file:
GUARANTEE PREMIUM: Equal to 1% of the value of the coin in its final grade. The value of the coin is determined
by the PCGS Price Guide value for that grade or the Declared Value of the coin, if the Price Guide value
is not available. The minimum amount for the Guarantee Premium is $5. PCGS reserves the right to make the
final determination of the coin’s value.

For some reason the verbiage is not on the restoration submission PDF file.