How does NGC handle "bad" coins?

Rampage

If, for example, you buy a coin slabbed by NGC and it starts developing PVC, or haziness, or some other problem, do they do like PCGS does and pay you for the coin?

Thanks, Richard.

cosmicdebris

They make them "bad" coins stand in the corner for an hour.

nwcs

Yes, their policy is very similar to PCGS's and I have not heard of any complaints when people came to collect. However, the policy does not cover all copper coins. Only the copper coins in more recent holders are covered.

Rampage

Thank you NWCS.

Rampage

<< <i>Yes, their policy is very similar to PCGS's and I have not heard of any complaints when people came to collect. However, the policy does not cover all copper coins. Only the copper coins in more recent holders are covered. >>



When you say "more recent", do you mean last two years? 5 years? Less than 10?

Thanks.

PutTogether

I wanna say they only started their gurantee on copper in the last year or so.

fivecents

<< <i>How does NGC handle "bad" coins? >>


I bought a NGC MS64 1938-D Walking half on ebay. When I received the coin I noticed that it had a corrison spot in the fold of Liberty's dress on the obverse. The corrison spot was small, but deep and had eaten into the surface of the coin. I return it to the seller. The seller would not refund my money until NGC had made a decision on what to do about the coin. It took two months and cost the seller $30.00. What he got was a conserved coin and NO buy back. There was no way to fix this coin unless NGC used something to fill the hole with.....Maybe putty or something.
That is why the whole PCGS, NGC coin conservation thing scares me.