Free Submissions Question

Proofmorgan

I just received my free 8 for the year. I've been saving up some coins I feel are undergraded and I'm going for reconsideration. I want to keep the holders if they don't upgrade so regrade is not an option. The fine print says $3k Max, but almost all of my coins are over that with a max of $13,000. How will this play out?

LindeDad

Sounds like you saved the wrong coins for the free grading.

djm

You can list them on the submittal form for $3k each, however if they get lost while at PCGS, they will only cover you for up to $24K.

They may also contact you and ask for additional grading fees, this is not likely on a voucher submission.

I believe that you will need to pay the upgrade tax under reconsideration if any of the coins upgrade.

TopographicOceans

If you specify a minimum grade, and they don't make it you will get the coin back in the original holder.
As far as insurance, regular submissions have a limit of $3k per coin and covers each coin while at PCGS and in return transit.

It looks like you'll have to use the Express level @ $20k per coin and use your 8 regular for something else.

TopographicOceans

<< <i>You can list them on the submittal form for $3k each, however if they get lost while at PCGS, they will only cover you for up to $24K. >>


That's not entirely true if not all of the coins get lost.

Say you list the $13k @ $3k and it gets lost or damaged while at @PCGS. You would only get $3k.
You'd only get $24k if all all lost.

19Lyds

Just call customer service and save yourself some headaches over bad but good intentioned advice.

1-800-447-8848

Hydrant

Is it common for pcgs to "lose" coins?

lkeigwin

<< <i>Is it common for pcgs to "lose" coins? >>

No. But if the PO loses them on their way home the insurance PCGS buys will only cover the declared value.

It is also rare for a coin to be damaged while in PCGS's hands but it has happened.
Lance.

DennisH

I have never heard of a confirmed incident of PCGS having ever lost a coin.