How do you determine current market value on buying back an overgraded coin?

haletj

Hello,
I am wondering especially for coins who's auction results vary tremendously. For one example, suppose you deem a pcgs ms64rd Lincoln Cent to be overgraded. The auction results are slightly under $1000 to as much as $4000, and suppose the owner of the coin in question paid $1955 specifically to buy a correctly graded one to replace it. Is there a way for the owner of the overgraded coin to know how much he or she will receive back from pcgs before he or she sends it to them? This in order to not risk only being offered $1000 for a coin that he or she just had to spend $1955 to replace.

Thank you very much!

homerunhall

Auction prices can vary greatly. However, most coins are fairly easy to figure out values for and professionals understand that auction prices do not necessarily reflect the market value of a coin. Other than very esoteric items, valuing a coin is pretty cut and dry in my opinion.

And we always try to err a little on the side of the customer. We buy back about $200,000 per year under our grading guarantee and we have very few complaints.

Thanks,

David