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Crossover question--re: new rules/fees

RYKRYK Posts: 35,801 ✭✭✭✭✭
in U.S. Coin Forum
With the new rules and fee structure in place, I have a question regarding crossovers. Perhaps it has been answered here before, or maybe someone has encountered the situation privately.

If you submit a coin for crossover, and the coin does not cross at the NGC grade but instead crosses lower, do you still pay the Guarantee Premium? It seems more like a penalty at the point, but I just thought I should ask and not assume.
My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132

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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I think you do but the form is kind of vague might be worth a call to make sure.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
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    BAJJERFANBAJJERFAN Posts: 31,694 ✭✭✭✭✭
    It says that "coins that do cross" which would mean to include coins that cross even at a lower grade. How can there be a premium for a decrease in value if it crosses lower? Is it possible for a NGC 64 to cross at 63+? Do most people believe that a coin in PCGS 63 has the same market value as the same coin in NGC 64?
    theknowitalltroll;
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    BoosibriBoosibri Posts: 12,748 ✭✭✭✭✭
    I wonder if they have an ex-Airline exec managing their financial planning. The Guarantee Premium for me is poor planning. Raise the total price and make the fee structure more simple. They are only drawing attention to an effective price increase that is so visible it can never normalize in the mind of the consumer.

    Latin American Collection

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    19Lyds19Lyds Posts: 26,524 ✭✭✭✭


    << <i>I wonder if they have an ex-Airline exec managing their financial planning. The Guarantee Premium for me is poor planning. Raise the total price and make the fee structure more simple. They are only drawing attention to an effective price increase that is so visible it can never normalize in the mind of the consumer. >>

    All of this talk about a "guarantee premium" has me concerned.
    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!
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    airplanenutairplanenut Posts: 22,803 ✭✭✭✭✭
    You get a refund. If your coin drops in value by more than the grading costs, PCGS sends you a guarantee check for the other company image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Not my post, but thanks all for the information !!! image
    Timbuk3
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>Not my post, but thanks all for the information !!! image >>


    As far as I am concerned, all we have is opinion and commentary, not information. Perhaps some one who has experienced this or someone from PCGS will tell us the answer.

    Frankly, I am hesitatant to call PCGS because I am not sure that I will be able to articulate the question in such a way that we will arrive at the correct answer. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    CorbinCorbin Posts: 96 ✭
    Good Afternoon Everyone,

    I hope everyone is having a wonderful Friday! Whenever a crossover coin meets or exceeds the minimum grade specified on the submission form, the Guarantee Premium will be applied.

    My Best Regards,

    Corbin
    Corbin Jung <> SEO & CPC Marketing Specialist <> Long Beach Expo <> Collectors Corner <> Certified Coin Exchange
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    LakesammmanLakesammman Posts: 17,705 ✭✭✭✭✭
    There's something concrete for ya. image

    Gone but not forgotten: IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Ricko, Big Moose, Cardinal, CoinsAreFun.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>Good Afternoon Everyone,

    I hope everyone is having a wonderful Friday! Whenever a crossover coin meets or exceeds the minimum grade specified on the submission form, the Guarantee Premium will be applied.

    My Best Regards,

    Corbin >>


    Hi, Corbin,
    Therefore, if the coin crosses at no min grade 3 grades lower than the current grade, the 1% fee gets paid, correct?
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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    MilkmanDanMilkmanDan Posts: 3,768 ✭✭✭✭✭


    << <i>

    << <i>Good Afternoon Everyone,

    I hope everyone is having a wonderful Friday! Whenever a crossover coin meets or exceeds the minimum grade specified on the submission form, the Guarantee Premium will be applied.

    My Best Regards,

    Corbin >>


    Hi, Corbin,
    Therefore, if the coin crosses at no min grade 3 grades lower than the current grade, the 1% fee gets paid, correct? >>


    No minimum grade = P01 is the minimum grade, or if you specified Genuine then that is the minimum specified grade.
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    djmdjm Posts: 1,565 ✭✭✭✭✭


    << <i>Therefore, if the coin crosses at no min grade 3 grades lower than the current grade, the 1% fee gets paid, correct? >>



    Yes, but why would you send a cross at any grade? Just crack it out and send it in raw, thus no fee unless the value is over 100K.
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    mozinmozin Posts: 8,755 ✭✭✭
    I didn't think the 1% of value applied to crossovers below the grade on the competitors holder. If this fee does indeed apply, I for one will never again submit a coin to PCGS for Crossover. Such a policy would make absolutely no sense to me.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
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    19Lyds19Lyds Posts: 26,524 ✭✭✭✭


    << <i>

    << <i>Good Afternoon Everyone,

    I hope everyone is having a wonderful Friday! Whenever a crossover coin meets or exceeds the minimum grade specified on the submission form, the Guarantee Premium will be applied.

    My Best Regards,

    Corbin >>


    Hi, Corbin,
    Therefore, if the coin crosses at no min grade 3 grades lower than the current grade, the 1% fee gets paid, correct? >>

    Huh?

    Well that does it for me. NO MORE CROSSOVERS. I'll be the judge on the crack out or I simply will NOT buy NGC Slabs.
    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!

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