72 DDO that turned from RD to RB? What to do?
TexasNationals
Posts: 3,837 ✭
Okay so a few years ago I bought a PCGS MS-65RD 1972 DDO, I paid cash at a show and got now receipt. I entered it in my registry set a few years ago, but deleted my registry set in June of 2009. Just got around to pulling it out and re-entering all of my coins in the Reg. set and see that it turned to RB in the holder, do I have any recourse?
0
Comments
I don't beleive there is any recourse what-so-ever on the color, only the grade.
<< <i>Okay so a few years ago I bought a PCGS MS-65RD 1972 DDO, I paid cash at a show and got now receipt. I entered it in my registry set a few years ago, but deleted my registry set in June of 2009. Just got around to pulling it out and re-entering all of my coins in the Reg. set and see that it turned to RB in the holder, do I have any recourse? >>
If it was graded more than a couple of years ago, PCGS guaranteed the color on copper. You can send it in for grade guarantee.
<< <i>it has the lighter green insert. >>
It would be guaranteed since it's a green insert.
I have one that sounds like that, it's a 72 DDO graded 65 RD but now it's turned enough that I doubt it would be graded RD. I don't care since the color looks nice and if sold it would be easy to sell with the color it has. It's a deep red almost black cherry color but too dark to grade RD.
The only reasons I see to send it in is if selling it you don't need to explain that it's graded RD but isn't RD today and they might cut you check for the price between RD and RB.
PCGS will still guarantee the color of the copper coins you have as long as you purchased them before 1/1/2010. It doesn't matter what holder they are in or when they were graded. Your purchase date is the determining factor. I have several copper coins that are now in SecurePlus holders that I purchased well before 1/1/2010 that are still covered (reholdering doesn't take away the guarantee). I also have several old green holdered coppers that I bought after 1/1/2010 that are NOT covered for color (but the numerical grades are still presumably still covered).
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>PCGS will still guarantee the color of the copper coins you have as long as you purchased them before 1/1/2010. It doesn't matter what holder they are in or when they were graded. Your purchase date is the determining factor. I have several copper coins that are now in SecurePlus holders that I purchased well before 1/1/2010 that are still covered (reholdering doesn't take away the guarantee). I also have several old green holdered coppers that I bought after 1/1/2010 that are NOT covered for color (but the numerical grades are still presumably still covered). >>
Well that would cause confusion. I probably have a receipt for buying that coin long before 2010 but it was raw then a friend had it slabbed with a group he sent in (before 2010). BUT I'd have nothing to prove it was the same coin that I have the receipt for since it was a raw coin when I bought it and I have no paperwork from when it was graded.
LOL, like I said I like mine the way it toned so I would not send it back anyway.
If you had left it in your registry you would have.
<< <i>You guys are incorrect that the old green holder copper coins are still guaranteed just because they were graded before PCGS stopped their copper color guarantee.
PCGS will still guarantee the color of the copper coins you have as long as you purchased them before 1/1/2010. It doesn't matter what holder they are in or when they were graded. Your purchase date is the determining factor. I have several copper coins that are now in SecurePlus holders that I purchased well before 1/1/2010 that are still covered (reholdering doesn't take away the guarantee). I also have several old green holdered coppers that I bought after 1/1/2010 that are NOT covered for color (but the numerical grades are still presumably still covered). >>
This is correct. You have to be able to prove you bought the slabbed coin before 2010. If you can, the color guarantee will save you. If you cannot, you're SOL.
Lance.