Now offering PCGS cross over insurance?
dixfer
Posts: 49
Slabbed coins are protected by plastic but break them out and resubmit them once or 15 times for upgrades then what? Divorce your slab or stay married to your coin by default. Always buy the coin first right? It has become increasingly popular to play Russian Roulette with the grading companies. Some coins are insured for theft, fire, or loss. Some collectors and dealers with ways and means will retort and make their own grades through incessant resubmissions. Have you ever went to your local fire department and asked them which company if any insures THEM against fire?
I’m not sure many fire Captain’s or Mayors ever asked themselves that same question.
Who will insure a resubmitted coin that comes back from the same grading service lower? I have ways and means and would like to get some opinions from the PCGS boards. Feel free to bash and trash but feel free to add. Your opinions are welcome. Agrarities@mchsi.com
I’m not sure many fire Captain’s or Mayors ever asked themselves that same question.
Who will insure a resubmitted coin that comes back from the same grading service lower? I have ways and means and would like to get some opinions from the PCGS boards. Feel free to bash and trash but feel free to add. Your opinions are welcome. Agrarities@mchsi.com
"Donate your money to Enron and Worldcom....the largest non-profit companies in world history...Or just buy some nice coins for your portfolio" - Dixfer
"Always tell the truth; then you don't have to remember anything." - Mark Twain
"Always tell the truth; then you don't have to remember anything." - Mark Twain
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Comments
If you crack the coin out before you send it back in then no one guarantees it because there is no way to prove that the coin you sent in was the same one as the coin you cracked out. Otherwise I could make some good money gathering up all the busted slab shells from dealers at shows, submitting inferior coins for slabbing, then using the busted slab to collect on the insurance when the coin comes back "lower".
The same coin is still the same coin.......why pay more $ to send the exact same slab in for a "subjective opinion" if you are "guaranteed" the same opinion. I never met a dealer or collector who sent a slabbed coin back to the same grading service. However, I know of thousands of coins that were broken out by a few dozen collectors and dealers with high hopes.
A coin is like a DNA strand and no two coins have the same metallic / magnetic footprint or sound wave resonance characteristics. The same coin is the same coin as long as it is hasn't been tampered with during grading or "regrading".
"Always tell the truth; then you don't have to remember anything." - Mark Twain
Joe.