Grading Fee Confusion

gamr0n · May 23, 2006 6:47AM

<< <i>Walkthrough* $100 2 days guaranteed $100,000 None; U.S. coins only; processed at office
Express Special* $50 5 days guaranteed $20,000 None; U.S. coins only
Regular* $30 15 days guaranteed $3,000 5 coins; U.S. coins only >>

What happens when you submit a coin under a service and it turns out to be worth more than the maximum value? Does PCGS adjust the fees accordingly or do they simply not grade the coin? Also what should a coin be insured for when it is shipped; especially if there is a huge markup between grades. Thanks!

RBinTex · May 23, 2006 6:50AM

In reverse order:

Insure it for what you think it is or should be worth in the grade you feel it is or will become at PCGS.

No, I don't believe they would adjust the submission level unless the value differential was especially egregious. In the instances where a submitter specified a value that "fit" into a higher level of service/category though, I think they would just adjust the submission type accordingly (if they caught it

).

Russ · May 23, 2006 6:53AM

<< <i>What happens when you submit a coin under a service and it turns out to be worth more than the maximum value? >>

Nothing. My last economy submission, (max $300), had a coin that ended up grading at a market value of about three times that. It's happened several times. As long as you don't have a pattern of deliberately loading up submissions with coins that exceed the cap, it's fine.

Russ, NCNE

gamr0n · May 23, 2006 6:54AM

Lets assume it is a coin that would be noticed, and the difference in value is very very considerable.

Russ · May 23, 2006 6:57AM

<< <i>Lets assume it is a coin that would be noticed, and the difference in value is very very considerable. >>

Then they'd likely jack it up to the appropriate tier and levy the additonal charge.

Russ, NCNE

WACoinGuy · May 23, 2006 11:12AM

Yeah, I tried to send in my 1913 Liberty nickel economy and they jacked the price up on me.

Shamika · May 23, 2006 11:55AM

<< Walkthrough* $100 2 days guaranteed $100,000 None; U.S. coins only; processed at office
Express Special* $50 5 days guaranteed $20,000 None; U.S. coins only
Regular* $30 15 days guaranteed $3,000 5 coins; U.S. coins only >>
What's really interesting is when the uninformed half-wit submits his heavily circulated steal cent under the Walkthrough service believing his coin is worth a million bucks.

I wonder if customer service calls the submitter to give him the bad news? I wonder if the submitter would believe the customer service rep?

Grading Fee Confusion

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