Guaranty resubmission ??

Teva

I own a PCGS 1871 RB MS64 2C piece.
I have owned it for several years but have not taken a close look at
it really sence I purchased it. I have some suspicion that the coin
is a proof coin and not a buisness strike. So I am wondering if that would be covered by a guaranty resubmission?
I am fairly sure that I am right and I am going to take it to my resident genius/coin dealer/guru he will confirm it for me.
I know that when I bought it that I thought it would be a real canidate for a up grade. If not I will just send it in for a plus grading
and see what they think.

lkeigwin

I'm not sure I get what you want. But let's put it this way:

If PCGS said it was a business strike and they now agree it is a proof, they will offer to send you a check for the difference in value, if any (by their judgment, not by some price guide, even their own) and return the coin, properly labeled/graded. Or they will offer you a cash settlement for its value based on the wrong grade, and keep the coin.

Is that what you're wondering?
Lance.

LeeG

What the PCGS Guarantee Does Not Cover

"The following is further explanation of what the PCGS Guarantee does not cover.

Clerical or "mechanical" errors. PCGS occasionally makes clerical errors in inputting data which is shown on the insert in the PCGS holder; consequently the PCGS Guarantee does not cover obvious clerical errors, what we call "mechanical errors." The key concept is how obvious the error is to the naked eye. If you can easily tell just by looking at the coin that the description on the holder is wrong, then the coin/holder combination is not covered by the PCGS Guarantee. Examples would include the following:

Proofs shown as regular strikes and regular strikes shown as proofs. For example, if you had an obvious regular strike 1907 $2.5 gold piece, but the PCGS holder showed the coin as a proof, this coin would not be covered by the PCGS Guarantee as the difference between a regular strike and proof 1907 $2.5 is obvious."


Looks like it depends on ones definition of "obvious?"

frnklnlvr

Do you have a picture of the coin?

coinguy1

It sounds like you should use the "designation review" re-submission option. That date, like most in the series, is one whose status as a Proof vs. business strike should be easy to determine.

Teva

The only thing I would be looking for is it to be reholdered and
labeled correctly. I do not have photos and have to take it to another location to get photos. I used my two cent reference
guide and it may be easy to determine if it a proof but not with the guide I have. But I an 90% sure and it sounds like a designation review would be what I am after. I added two pieces to my set last week and am one coin short of finishing but now I may be two coins short. This will be my first complete set and I am getting a little
excited about it.

bushmaster8

<< <i>It sounds like you should use the "designation review" re-submission option. That date, like most in the series, is one whose status as a Proof vs. business strike should be easy to determine. >>



Wasn't Designation Review phased out a couple years ago?

coinguy1

<< <i>

<< <i>It sounds like you should use the "designation review" re-submission option. That date, like most in the series, is one whose status as a Proof vs. business strike should be easy to determine. >>



Wasn't Designation Review phased out a couple years ago? >>

As a specific option, apparently so (thanks), as I believe the cost is now the same as for a re-grade. So, based on that, I would check "regrade" and also "Other" and include a brief explanation as to why the coin is being resubmitted. If PCGS agrees with the submitter, he should get his re-grade fee back.

Teva

Its official it is a proof and not a buisness strike.
It was easier than I thought to identify.It must of been a clerical error. I was going to send a few coins in this week anyway.
Thanks for the advice guys.

Dabigkahuna

Same thing happened to me except mine was first labeled as as a PR65CAM seated dime. I sent it in for the new holder and it turned out that it was a business strike. PCGS took care of me no problem. Great people there.

Send it in.


Larry
Dabigkahuna

DennisH

When in doubt, call Customer Service and tell them you suspect you have a proof coin that is incorrectly attributed as a business strike, and see what they recommend. The call is free: 800-447-8848.

sinin1

the value for a proof is more isn't it?


the guaranty covers a grading error where the end user has paid too much due to label

some things take experts to be able to tell - like a 1965 dime in MS67FB or SMS67



PCGS can use the 'mechanical error' explanation, if it is something obvious


like a Washington 1932-S in MS65 but the reverse has no mintmark

Teva

Its a setteled issue at this point so thanks for the help.