Liability

jacktheknife

Several members have alluded that PCGS may consciously "limit their libility" on extreme high end coins by limiting the grade. In particular copper pieces that may later develop slight toning or a spot. For instance, an early S mint lincoln in 66RD could be worth close to $100,000. Do you think there is a resistance to give that grade based on liability?

homerunhall

I do not believe we have a bias based on value. We want to give great coins the benefit of the doubt wherever possible.

We do however take care with the expensive coins. We have a "Double verification" system where coins over a certain value (depends on series) are examined by both a verifoer and a double verifier. We do this to insure our submitters get the very best opinion from us and we also want to double check the expensive coins to lower the possiblility of us making an expensive mistake.