Would PCGS Re-holder a Doctored Coin?

braddick

Imagine you send in a coin to PCGS for reholdering only. In otherwords, the coin is fine with you and you want a fresh holder only. While PCGS is doing so they note the taletail sign of doctoring. Would PCGS continue to re-holder the coin and send it back to the owner? Afterall, PCGS's way of thinking is the owner didn't request, or pay for in evaluation- just the $5. for re-holdering.

Then again, PCGS, if the doctoring was caught, may have an interest in getting the coin off the market- even at a great expense to them as I'm sure PCGS's guarantee would then come into play. The "X" marked $20 gold recently discussed here comes to mind.

Now, to add a twist to this: What if the collector doesn't want PCGS to honor a guarantee. Either the doctoring is slight tooling or possibly a coin that has, since the coin's holdering the first time, been determined to be AT. Those bright purple/lavender/blue Jeffersons come to mind.

A collector may own one of those- want it re-holdered only, PCGS catches it as an AT coin, or a slightly tooled coin (again, determined to be so after the first slabbing) but doesn't want a check- they just want their coin back (for a Registry, or whatever reason).

What is PCGS's policy, and is it fair?

dragon

It was my understanding that PCGS does not re-evalute coins sent in for the reholder service, they just reholder them and send them back.

kieferscoins

The only person who would see the coin is the lady opening the package and the slab machine guy, both of which aren't graders or experts. I would say 100% chance it would come back in a slab.

Cameron Kiefer

braddick

<< <i>It was my understanding that PCGS does not re-evalute coins sent in for the reholder service, they just reholder them and send them back. >>

That sounds accurate to me, but let's say, on the off chance a Grader is in the room and notices the coin.

Then what? (Would he wisely look at the coin, spot the 'hidden' "X[", let's say, on that $20, and just let it go?

coinguy1

Pat, I believe that because PCGS guarantees their product, as long as they are willing to pay fair compensation to the submitter, they must be allowed to remove such a coin from the marketplace.

And, I strongly suspect that even if they do not already have that situation covered in writing (I do not know if it currently is or not), that's how it would be resolved.

kieferscoins

Ask David Hall in the Q&A forum. We could spend all day guessing what they would do but its only right to get the real answer.

Cameron Kiefer

dragon

<<< but let's say, on the off chance a Grader is in the room and notices the coin. >>>

That sounds pretty remote to me, and a very unlikely scenario. As long as the coin is in an intact and un-tampered with holder, they would just reholder it and return it. Even if someone did notice something, I think they would still be required to reholder the coin and return it, as it is not their property and the owner did not request a regrade or re-evaluation on the coin in question.

braddick

<< <i>Ask David Hall in the Q&A forum. We could spend all day guessing what they would do but its only right to get the real answer. Cameron Kiefer >>

And that would difer from many responses, how?

Mark, I understand, but it would seem, if the submitter didn't request the re-evaluation and doesn't want a check, just his PCGS coin back, PCGS might be in a bit of trouble for automatically doing so.

Then again, it was offered to me once that the coin belongs to the Collector but the PCGS Slab does not. If that was the case, PCGS would then have the right, with or without the owner's concent, to break it out and send a check.

-Another follow up question: Is PCGS allowed to send just a check, coving the value of the coin, and NOT the coin back to the owner?