What happens if you disagree with a PCGS grade?

jmski52

I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?

Danye West

I guess don't buy things you don't have good images of... PCGS isn't always right.

Sonorandesertrat

Suffer in silence.
Beg for a reconsideration.
Poofski.

AUandAG

1. live with it

2. sell it and buy an appropriate coin

3. send it back in the holder for reconsideration and just compensation from PCGS on the downgrade.

4. crack it out and send it in for a raw grading just to be nice to the collecting community (doing your part).

5. return it if the seller allows but don't fight with the seller over it as he didn't grade it.



bob



PS: I would choose #2



PSS: what is the auction number?

johnny9434

send it back to the seller if possible. other then that what dayne said.

oih82w8

You could send it in for regrade and go from there. If it comes back lower, then the difference is refunded to you, if it grades higher then you are charged a percentage of the difference in value, along with the normal fees.



REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded. Minimum grades are not accepted. If the coin grades lower, the terms of the PCGS guarantee will apply. For full discloser of the PCGS guarantee, visit www.PCGS.com/Guarantee.



GUARANTEE RESUBMISSION: If you have a PCGS-graded coin that you feel is overgraded, misattributed or counterfeit, submit the coin to PCGS through the Guarantee Resubmission Service. A fee of $25 per coin must accompany all submissions through this service (Standard or Secure). If your coin is downgraded, the terms of the PCGS Guarantee will apply and all fees and charges related to the Guarantee Resubmission will be refunded.



http://www.pcgs.com/servicesandfees

Boosibri

Return it, send for reconsideration, sell it

Baley

Crack it out and stick in an album for a decade.

edgar

Similar question: I submitted several pair of P-pucks. In 2 instances, received SP70 and SP69 great value on the 70s. However in real life and in Trueview, the 70s both have visible flaws, while the 69s seem flawless. I know it's not possible to mix them up during grading, but what about during slabbing? What should I do?

Walkerfan

I'd either:



1. Return it to the seller if allowed.



2. Otherwise, dump it for what you can get and move forward, chalking it up to experience, and in search of an appropriate coin.

msch1man

Originally posted by: edgar

Similar question: I submitted several pair of P-pucks. In 2 instances, received SP70 and SP69 great value on the 70s. However in real life and in Trueview, the 70s both have visible flaws, while the 69s seem flawless. I know it's not possible to mix them up during grading, but what about during slabbing? What should I do?

Sell the 70's and pocket the (I'm guessing) giant premium between the 69's and 70's...keep the 69's and be happy because you got to keep the coins you think are nicer...that's what I'd do!

mercurydimeguy

Originally posted by: jmski52

I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?

Return the coin, best choice.



Sell the coin, second best choice.



Bring it up with PCGS, third best choice.

TwoSides2aCoin

If at first you don't succeed you're still earning a degree in the school of hard knocks. Tuition is expensive , every semester.

au58

It was an auction.
You bought it, you own it.
Sell it on ebay.

keets

I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?



exercise your return privilege, send it to PCGS for a regrade or accept the fact that you don't know how to grade.

SeattleSlammer

Originally posted by: au58
It was an auction.
You bought it, you own it.
Sell it on ebay.

I believe he bought it on eBay....just return it!.....unless you meant auction not eBay.....?

leothelyon

Originally posted by: jmski52
I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?

Obviously, you are not happy with the coin and have more money into it than what you think it's worth and since it sounds like you can't return it because that would have been easy route, your choices may be limited. Depending on it's value, you might have fewer options. The costs will play into whatever you decide. Since it's not a keeper and you prefer to have your money back......why would you buy a sight-unseen coin without a return policy anyway? And I'm not too crazy about getting into a b itching war with whoever graded it and lose more money. Because we live in a dog eat dog world, you will need to feed it to someone else, but how?


Leo

leothelyon

Originally posted by: keets
I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?

exercise your return privilege, send it to PCGS for a regrade or accept the fact that you don't know how to grade.

.......from a photo.

golden

Originally posted by: mercurydimeguy

Originally posted by: jmski52
I just bought a graded coin off ebay and I really don't see how it made the grade it did. What are my recourses?

Return the coin, best choice.

Sell the coin, second best choice.

Bring it up with PCGS, third best choice.

COINS MAKE CENTS

Send it in for a regrade and hope for the best

jmski52

I love the glib responses by people who have less information about the coin than I do, and who haven't seen the photo that I bid on, nor have they the benefit of looking at the actual coin in-hand.

This is simply a question about what my recourses might be, and has nothing to do with whether or not I can grade a coin.

I have recourse as a buyer on ebay, and I was simply unsure of what my recourse options might be with PCGS.

Re-selling the coin doesn't seem like a very good option because I'm not cool with dumping a sub-par coin onto someone else using the same type of selling tactics that were used in the auction where I bought the coin.

Thanks for some of the more thoughtful answers.

LindeDad

Don't buy is best.

lkeigwin

Originally posted by: oih82w8

You could send it in for regrade and go from there. If it comes back lower, then the difference is refunded to you, if it grades higher then you are charged a percentage of the difference in value, along with the normal fees.



REGRADE: For a coin previously graded by PCGS you feel might be worthy of a higher grade, submit it in the holder. The coin will be removed from the PCGS holder and regraded. Minimum grades are not accepted. If the coin grades lower, the terms of the PCGS guarantee will apply. For full discloser of the PCGS guarantee, visit www.PCGS.com/Guarantee.



GUARANTEE RESUBMISSION: If you have a PCGS-graded coin that you feel is overgraded, misattributed or counterfeit, submit the coin to PCGS through the Guarantee Resubmission Service. A fee of $25 per coin must accompany all submissions through this service (Standard or Secure). If your coin is downgraded, the terms of the PCGS Guarantee will apply and all fees and charges related to the Guarantee Resubmission will be refunded.



http://www.pcgs.com/servicesandfees

There's no premium for regrades that upgrade. You're thinking of reconsideration.



The proper course of action is the guarantee resubmission, explained above. It seems to me that PCGS has tightened up this, FWIW. I was batting .500 several years ago. I'm batting .000 since.

Lance.

TwoSides2aCoin

Banishment from Coin Universe, and a good spanking

Goldbully

send it to PCGS for a regrade or accept the fact that you don't know how to grade.







keets, I expect better from you. That was totally uncalled for.



You are insulting a long standing forum member with great knowledge of our "hobby."



Buying a coin based on eBay images does not equate with one's grading capabilities.

leothelyon

Originally posted by: jmski52
I love the glib responses by people who have less information about the coin than I do, and who haven't seen the photo that I bid on, nor have they the benefit of looking at the actual coin in-hand.

This is simply a question about what my recourses might be, and has nothing to do with whether or not I can grade a coin.

I have recourse as a buyer on ebay, and I was simply unsure of what my recourse options might be with PCGS.

Re-selling the coin doesn't seem like a very good option because I'm not cool with dumping a sub-par coin onto someone else using the same type of selling tactics that were used in the auction where I bought the coin.

Thanks for some of the more thoughtful answers.

I don't like dumping subpar coins either BUT......they seem to be very happy with them regardless what I think. hmmm

crazyhounddog

Maybe there's a pocket piece in your future?
Seriously, if your unhappy with this coin and it doesn't reflect the selling images in the listing just send it back.
It sounds like you bought a coin that your not happy with so send it back.

DeliaBug

Of all the boo hooing of over-graded this, and wrongly graded that, there is way too much 'pass it on' to the next guy in this thread.

Jackthecat1

I think I would take the path of least resistance and just send it back.



I once bought a proof Barber Quarter on e-Bay that was straight graded ATS. When I received it, it had an annoying and quite disfiguring rim nick. I returned it to the seller, making it very clear that I was not angry with him and that the coin should have never been straight graded. Problem solved. We even left each other positive feedback. When I got my refund (and an e-Bay bucks offer) I purchased a PCGS graded coin and am very happy with it.

TomB

If you are not satisfied with the coin then return it to the seller. Surely, you did not support a seller who does not allow refunds, did you?

TwoSides2aCoin

On the flip side, which dealer do you sell to ? Dealer A says : "It's a VF , so I'll pay VF money ", and dealer B says : " It's MS , is it for sale ? "
If it doesn't fit and you won it in auction, I'd say keep it. If it doesn't fit and you won it on a BUY NOW , you have the first right of refusal. It's your right.

jmski52

If you are not satisfied with the coin then return it to the seller. Surely, you did not support a seller who does not allow refunds, did you?

Thanks for the reminder. I just received the coin today and I never really considered returning it because it's going into a registry set. Being bullion, I paid a premium for it because it's a hard to find coin - not rare, just hard to find.

I participate in a registry for fun, so I'm not hung up on 70 grades but it's disappointing when a 69 doesn't meet what I consider the minimum standards for the grade.

I'll sleep on it tonight. I still might return it, but either way - I'll have to continue looking for a better piece, and that's just a source of mild frustration.

It may well be the case that the grading on this series has morphed over time as the Mint had apparently improved the quality of its output on this series after the first few years. I've had this same result a few times now with the early Plats. Maybe the early ones are tougher than they appear from the mintages because the more recent issues seem to have been graded much tighter.

Bochiman

I'm going to guess that, based on you saying it is MS69 and bullion, that PCGS wouldn't regrade it lower.



I've seen more than a few SAEs in MS69 that I have disagreed with but enough of them to know that that is how PCGS sees them. I can imagine it is true for other bullion pieces as well.



So, in this case, if it would bother you in the item at that grade being in your collection with that look, then return it.



Just do yourself and the seller a favor and don't say it is because you disagree with the PCGS grade. It isn't the seller's fault in this and that reasoning, even if true, makes you seem like a PITA customer.

keets

.......from a photo.



no, from having the coin in-hand.