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Question about downgrades?

VonZipperVonZipper Posts: 707
in U.S. Coin Forum
When a coin gets downgraded and PCGS pays off on the difference what value or price guide do they use? Do they use their own price guide and if not why bother having one if they don't even use it or update it? Does anyone know or figured this out?Thanks,sorry if this has been covered before.image

Pennies make dollars, and dollars make slabs!

....inflation must be kicking in again this dollar says spend by Dec. 31 2004!

Erik

Comments

  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    When a coin is downgraded, sometimes they replace the coin. I had this happen with NGC. As for the price guide, typically they use the greysheet. It is more respected and it is lower. The PCGS price guide is for a quick, down and dirty estimate of a coin's value. Greysheet is much closer to reality.

    Tom
    Tom

  • truthtellertruthteller Posts: 1,240 ✭✭
    I agree. Find a coin that you like of similar value of the previous grade, contact PCGS, PCGS will then contact the dealer, and you will probably get that shiney, new coin.

    TRUTH

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