Question about PCGS buy back
Barberian
Posts: 4,105 ✭✭✭✭✭
If one purchases an already-slabbed PCGS graded coin that has problems, will they buy the coin back from that person, even if they did not submit the coin for grading?
I purchased a PCGS-graded coin that has obviously deliberate parallel and diagonal scratches on the reverse, essentially cross-hatched graffiti, and am wondering whether they would refund the cost of this coin. I don't have pictures, but the scratched cross-hatched pattern is readily visible to the unaided eye with a point light source.
Thanks in advance for responses.
I purchased a PCGS-graded coin that has obviously deliberate parallel and diagonal scratches on the reverse, essentially cross-hatched graffiti, and am wondering whether they would refund the cost of this coin. I don't have pictures, but the scratched cross-hatched pattern is readily visible to the unaided eye with a point light source.
Thanks in advance for responses.
3 rim nicks away from Good
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is the coin of Draped Bust type ?
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
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be awful sure that those scratches are not pre-strike
but post mint damage
You need to determine what the coin would be worth as graded without problems
it is going to cost you near $40 and your coin will be gone about 45 days
if they agree with you - they will contact you and make an offer
if they do not agree - they send your coin back to you
welcome to PCGS (and all TPG's) guarantee
in many cases - the coin value does not justify the effort and time
occasionally it is a few $K or more - then for sure
I t is amazing to me to learn what coins make it into TPG slabs. I feel better now about some expensive coins I bought raw that have very minor flaws that I have worried about. They should make it into TPG slabs without any problem considering the issues with this coin. (I know, don't hold your breath)
<< <i>It probably isn't worth the effort. I could probably sell the coin on Ebay and break even or make a profit off of the fact its in a PCGS holder if I don't mention the problems.
I t is amazing to me to learn what coins make it into TPG slabs. I feel better now about some expensive coins I bought raw that have very minor flaws that I have worried about. They should make it into TPG slabs without any problem considering the issues with this coin. (I know, don't hold your breath) >>
You mentioned useof a 5x loupe to best see the scratches. I was surprised to learn that TPG coin graders don't use magnification to grade the majority of coins. I don't know whether a coin that has a blemish not easilly visible without magnification would even qualify for the guarantee.
<< <i>The graffiti is visible with the unaided eye. It is alarmingly obvious under a loupe, or under a binocular scope at 7X (which is always handy for me and which I usually use to examine coins). >>
That would be a cool gadget to have - a binocular scope. I'm guessing it allows for a 3-D effect that using a loupe with one eye squinted would not offer.
If you don't like the coin then I would suggest selling it at auction like Teletrade or Heritage. The buyer will see the graffiti and make his/her own decision as to if they want it or not.
You can also try the BST forum. Just put pics and a price. It's free of charge so that would be a good first start.
where did you purchase the coin? did you consider returning it to the party that you bought it from?
just curious.
If you do offer the coin on ebay and do not mention the damage, rest assured that someone on these boards will spot it and will flame the crap out of the auction without mercy as many just love to find this stuff!
Based on what you are describing, a picture would be very helpful.
My response would be, if the coin is damaged as you describe, send it in for a grade review. PCGS will respond accordingly.
The name is LEE!
<< <i>The graffiti is visible with the unaided eye. It is alarmingly obvious under a loupe, or under a binocular scope at 7X (which is always handy for me and which I usually use to examine coins). >>
Any chance they might be polishing lines from the die? Do you have any images to share.
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Rumours that I have heard is that PCGS was net grading the
very minor problem coins some years ago.
But with the advent of the new sticker company (CAC?),
they no longer net grade those type of coins, they are
now all being sent back in body bags.
Maybe some others on the board have further knowledge?
Regards, Steve K.
grade are worth the same. The "grade" isn't really a grade, but a price point.
By the way, a PCGS dealer is not allowed to pay you less for the coin than he would for other
PCGS coins of the same grade.
Yet another reason not to buy a coin sight unseen. Some may say there could be a return privilege, but I wouldn't want to be bothered. Let me see the coin, I'll either pass or play.
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