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Quick Question about... Well, just read to find out.

Hypothetical situation.

You see a raw coin at a coin show. You want to purchase the coin, but are not 100% sure of its originality. You ask the dealer if he will send the coin to PCGS to soothe your nerves. You also request a TruView image of the coin.

A few weeks later, you find out that the coin has bodybagged.

Who should pay the PCGS fees? The dealer? You? What about the TruView fees? Shiping fees?
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Comments

  • 123cents123cents Posts: 7,178 ✭✭✭


    << <i>Hypothetical situation.

    You see a raw coin at a coin show. You want to purchase the coin, but are not 100% sure of its originality. You ask the dealer if he will send the coin to PCGS to soothe your nerves. You also request a TruView image of the coin.

    A few weeks later, you find out that the coin has bodybagged.

    Who should pay the PCGS fees? The dealer? You? What about the TruView fees? Shiping fees? >>




    I think that should be agreed on before the coin is ever sent to PCGS.
    image
  • chabot510chabot510 Posts: 1,291
    if you are unsure about the authenticity and want a TPG companies opinion, then you should pay the fees, no matter if it bb's or not.
    Nick
  • I agree that if you requested the TPG, unless you worked it out otherwise, you should pay those extra fees.

    Have bought and sold on BST, many references available when asked.
  • … Posts: 958 ✭✭✭


    << <i>if you are unsure about the authenticity and want a TPG companies opinion, then you should pay the fees, no matter if it bb's or not. >>



    Either this, or if you agree upon splitting the fees prior to sending it in.
  • DaveGDaveG Posts: 3,535
    I would think that you and the dealer would have settled the expense issues beforehand.

    What were your arrangements with the dealer?

    If you simply asked the dealer to "send the coin to PCGS to soothe your nerves" and you neither made a promise to buy the coin, nor did the dealer ask you to pay the expenses of submitting the coin, then it sounds like to me that the dealer submitted the coin on his own responsibility.

    I can't imagine a dealer undertaking to submit a coin unless it was clear who would pay for it.

    Check out the Southern Gold Society

  • PlacidPlacid Posts: 11,299 ✭✭✭
    The way I see it the sale was based on the coin grading at pcgs so,
    Dealer grading and shipping.
    Buyer trueview.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,552 ✭✭✭✭✭
    The fees would have been paid up front by the person requesting service. It is the customer asking for this service. So if the dealer agreed to a customer's request, he should not only be paid for all of the associated fees, but a fee for his service, in addition to TPG , USPS costs of goods and services.
  • If it's bodybaged because it's not authentic, ie a counrfeit I think the dealer should pay the costs, otherwise the customer.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,552 ✭✭✭✭✭


    << <i>If it's bodybaged because it's not authentic, ie a counrfeit I think the dealer should pay the costs, otherwise the customer. >>


    agreed there, too image
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    with some reserve i must say...
    those are fees the requestor should endure
    1)it's a condition to this sale placed by the buyer
    2)it's widely known that even pcgs makes mistakes and this could be one case sadly enough
    3)the seller stepped up as should the buyer
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


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