On my latest PCGS submission, one of my coins went from AU50 to XF45....Apology to PCGS for my stupi
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Goldbully
Posts: 18,559 ✭✭✭✭✭
Could someone explain why this happened since it was not a "Guarantee Resubmission."
Guarantee Resubmission
I submitted this 1828 CBH for Secure Plus Service and TrueView in a PCGS AU50 slab as a re-grade....it was downgraded to XF45.
The TrueView image is not available yet, but I will post it when available.
Thanks for your replies.
Guarantee Resubmission
I submitted this 1828 CBH for Secure Plus Service and TrueView in a PCGS AU50 slab as a re-grade....it was downgraded to XF45.
The TrueView image is not available yet, but I will post it when available.
Thanks for your replies.
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Comments
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When you sent the coin in for the secure holder it was removed from the standard PCGS Holder and Graded. This time the grade was only XF-45. They will send you a check for the difference between AU-50 and XF-45. Now that it is in a secure holder it can never upgrade.0
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I'd give PCGS a call in the morning. Sounds like an oversight and I'm sure you will be reimbursed for the loss in value. I doubt it will be much more than $100 though.
Lance.Coin Photography Services / Everyman Registry set / BHNC #2130 -
It was either a mistake which will be corrected, or a downgrade for which you will be compensated.
As for this quote:
<< <i>Now that it is in a secure holder it can never upgrade. >>
That is simply not true.0 -
Were you hoping for an upgrade, or were you just sending it back to PCGS for Secure slabbing and TrueView image?
If it was the second mentioned, why would you have asked for a "regrade" and not just a "reholder" on the submission form?0 -
<< <i>Now that it is in a secure holder it can never upgrade. >>
Not quite so. Any coin submitted for a regrade, Secure Plus or otherwise, can go up or down in grade.
Lance.Coin Photography Services / Everyman Registry set / BHNC #2130 -
<< <i>Were you hoping for an upgrade, or were you just sending it back to PCGS for Secure slabbing and TrueView image?
If it was the second mentioned, why would you have asked for a "regrade" and not just a "reholder" on the submission form? >>
I was looking for a + or better.....as well as the Secure Plus slab, along with TrueView.
Believe me, I'm not complaing as I had two very positive surprises I will be posting soon.
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I just realized I got the line items mixed up...I apologize to PCGS.
The AU50 went to AU53, not XF45......
Sorry for this thread on my BIG mistake.....
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Well thanks for posting it anyway. Is it really true that any PCGS graded coin sent in for regade will be accompanied with a payment if it downgrades? That is new news to me.0
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<< <i>I just realized I got the line items mixed up...I apologize to PCGS.
The AU50 went to AU53, not XF45......
Sorry for this thread on my BIG mistake..... >>
Don Willis should make you wash his batmobile for a month.
MJWalker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......1 -
Oh well, there goes your potential gold sticker....and a pot of gold.
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<< <i>I just realized I got the line items mixed up...I apologize to PCGS.
The AU50 went to AU53, not XF45......
Sorry for this thread on my BIG mistake..... >>
In that case you owe PCGS the difference. Bummer.
Lance.Coin Photography Services / Everyman Registry set / BHNC #2130 -
<< <i>Well thanks for posting it anyway. Is it really true that any PCGS graded coin sent in for regade will be accompanied with a payment if it downgrades? That is new news to me. >>
It's called a "Grade Guarantee". However, this guarantee and the difference in price is based upon the current market and not necessarily reflective of what the PCGS Price Guide states.
I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.
The name is LEE!0 -
You played the game and WON.
Congrats
BrianNUMO0 -
<< <i>
<< <i>I just realized I got the line items mixed up...I apologize to PCGS.
The AU50 went to AU53, not XF45......
Sorry for this thread on my BIG mistake..... >>
In that case you owe PCGS the difference. Bummer.
Lance. >> "Inspiration exists, but it has to find you working" Pablo Picasso
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Goldbully - you had me there for a minute!
The Regrade service is designed for the submitter's protection. There is no risk of down grading as there would be if you cracked it out and resubmitted it raw.
As with every PCGS submission after reviewing the coin we determine that it has a problem or was over graded we will contact you and offer to buy the coin or return the coin in a lower grade plus a check for the difference in value. This is your choice. We would never just send it back.
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Now that it is in a secure holder it can never upgrade.
This is completely false. What it means is that the coin will never be upgraded due to artificial toning or some other deception. It can be upgraded if the graders believe it is warranted.
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<< <i>Goldbully - you had me there for a minute!
The Regrade service is designed for the submitter's protection. There is no risk of down grading as there would be if you cracked it out and resubmitted it raw.
As with every PCGS submission after reviewing the coin we determine that it has a problem or was over graded we will contact you and offer to buy the coin or return the coin in a lower grade plus a check for the difference in value. This is your choice. We would never just send it back.
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Now that it is in a secure holder it can never upgrade.
This is completely false. What it means is that the coin will never be upgraded due to artificial toning or some other deception. It can be upgraded if the graders believe it is warranted. >>
It seems that there is always something to learn in this grading business....Thanks for the clarification, Don.
I hope you don't pay any attention to MJ!
Oh, here's the coin that went from AU50 to AU53.........
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WOW, I could see this coin in a 55 holder easy.
Very nice CBH!0 -
Neat colors on that CBH, Goldbully - I like it!
If I saw that coin in a 50 holder, I'd be shocked - so kudos to PCGS for getting it right at 53 the second time around.
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The initial post puzzled me, because usually, the difference between a 45 and 50 is a matter of original mint luster. The coin either has some of it or it doesn't. This is not difficult to determine. Such a coin with some original mint luster would not be in a 45 holder unless it was net graded to XF 45 for another problem."Vou invadir o Nordeste,
"Seu cabra da peste,
"Sou Mangueira......."0 -
<< <i>
<< <i>I just realized I got the line items mixed up...I apologize to PCGS.
The AU50 went to AU53, not XF45......
Sorry for this thread on my BIG mistake..... >>
In that case you owe PCGS the difference. Bummer.
Lance. >> Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]0
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