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Where are the 70s revisited.

I just noticed MoneyLA says he sent in a PR 70 Washington that has spots. The last time we talked about PR 70s I had just learned one of my Jeffs clearly wasn't a 70. Since then I made a trade for another 70. The person sent the Jeff back to me as he noticed a tiny gouge on the reverse. I hadn't noticed it before. So I sent that in and expect it to be downgraded. Money says they have a $25 option for this but I've been sending in $30 for regrade service. Oh well.

Comments

  • I sent in a PR70DCAM, that wasn't one, not too long ago. I wrote "Guarantee Grade Review" in big letters on the invoice and didn't fill out any payment info. When it was downgraded, they sent me a check for the value of the coin and didn't charge me anything for the service.

    Greg
  • Has anyone noticed if PCGS changes the population report when they downgrade a 70?

    Larry
    Dabigkahuna
  • TypetoneTypetone Posts: 1,621 ✭✭
    Carl:

    You have to specify "guarantee regrade". This is normally just for dealers but they will let a collector do it with approval. Regular regrade will only consider coins for upgrade. They will come back no less than original grade even if they deserve lower. I found this out only after spending a few hundred dollars.

    Greg
  • I just wrote "visible scratches on Jefferson's lapel" on the invoice and that was good enough. I wrote something similar on this one so hope it works out. I also hope the rest of mine are ok and I don't have to send another one in. If I do I will write "guarantee grade review" on the invoice as well.

    Honestly I didn't check every credit card entry so don't know if or what they charged me for that.

    I did note the PR 70 DCAM pop of the '85 proof Jeff go from 5 to 4 so that must have been mine.
  • MoneyLAMoneyLA Posts: 1,825
    Hi, I wrote about the pr70 Washington in the Buy Sell & Trade Forum and originally offered it for trade to improve my set. The postings are still there-- at last check on the second page of that forum. Also, you'll find the info on the "guarantee service."

    Basically, I was told it was $25, to write in "guarantee service" on the order form, and to include payment for return shipping.

    I will be very surprised if this coin comes back as a 70.

    by the way, customer service was hesitant to discuss the "guarantee service" with me -- (they wanted me to return the coin to the seller) -- until I mentioned I had the #1 Washington proof registry set, and then the tone of the conversation changed.

    cheers, alan Link to the original thread in Buy Sell & Trade forum
  • I noticed that the pop reports have changed for questionable 70s, but not many people want to regrade a coin that is lucky enough to earn this loftly grade. The sad part is many of the 70s shouldn`t be in those holders in the first place.

    The good thing is if the coin is sent in and wont regrade a 70 the services dealt with have been honest and fair, refund the price difference of price paid. It helps to retain original receipt for proof of amount paid especially for these expensive MS & DCAM 70 coins.
  • ok so, help me here a little. You have a 70 coin,slabbed. PCGS WanTS proof of how much you paid for it?What does this matter? They have a price guide, don't they know how to use it? Will they cover if a premium was paid? or for that matter higher than the price guide?

    You made a 70.now a 69. What do you sumbit, your would-be buyers bid? or is that when they use the chart?

    So, they would cut you a check for the difference in value between 70 and 69, and return the coin? Or would they just cut a check for the 70?

    Thanks

    dan
    image It's Her's
  • MoneyLAMoneyLA Posts: 1,825
    Dan, the PCGS price guide for proof Washington quarters does NOT list prices for the pr70 grade. cheers, alan mendelson
  • TypetoneTypetone Posts: 1,621 ✭✭
    Dan:

    If you want more than you paid, you can negotiate with them. As long as you are looking for a market price, there shouldn't be a problem. They certainly know the market. As long as the coin is gradeable, you get your coin back in the lower holder and a check for the difference.

    Typetone
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