Toning on PCGS Slabbed 2006 reverse proof gold coin, can it be restored?
triplelake
Posts: 12 ✭
I received these two coins today. The one on the left looks great, but the one on the right has developed noticeable toning. I’ve noticed this seems to happen more often with PCGS-slabbed coins compared to NGC, as none of my NGC-slabbed versions have this issue.
I have two questions:
Can this type of toning be addressed by PCGS’s restoration service?
Since the toning likely occurred while in the slab, does PCGS offer any guarantee that might cover the restoration costs?
I’d appreciate any insights before deciding whether to send it in. Thanks!
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Comments
While I imagine PCGS restoration can remove the toning, I personally think it enhances the eye appeal of the coin.
Coin Photographer.
don't see toning
Don't...see...toning...
In honor of the memory of Cpl. Michael E. Thompson
Yes, the toning can be removed (I’ve done it myself with pcgs restoration).
No, pcgs does not offer any kind of guarantee regarding this issue. You will pay the full amount.
The one caveat I may advise is that as the price of gold goes up, the premium goes down on these reverse proofs, and it may not be smart throwing $100 to restore a coin that is/will be worth the same with spots or no spots.
The photos make it difficult to determine what's toning.
Yes, the premium for these reverse proofs have already dropped a lot from the peak. They are the best looking gold eagle coins and I think they are worth the current premium.
Sorry to hear / coin gone bad in holder you think?
Tough to see it (your photo) unless is that haze, tarnish stuff. Toning lol? Looks a tad hazy. Not exactly PQ is it? Have you tried sell it on the bay? What is CDN Bid / CPG on it? Have you shopped it around the bourse at a show. Ronnie discounts offer on that hazy stuff materially considering - labor of cracking out, dipping, getting regraded, risks / his time and grading costs.
My advice move them quickly b4 the atmosphere takes its toll. Otherwise they may need a routine conservation dip every 2 or 3 years. I had some raw world gold proofs (hazy) dipped them quick in / out they came out nice. Super PQ.
Sort of looks like it might need a dip. Good luck.
I don’t like haze on Proofs, especially if big ticket material.
The red circled parts are the toning areas
Ok - yes those areas picking up some haze / tarnish. If one keeps material too long it can happen.
What is CDN bid / CPG on it? Have you shopped it around the bourse? See what they might offer (the real acid test).
I think I'd rather send it in to PCGS for restoration if that can be fixed, as I really like the coin and want to keep them.
In terms of cost, PCGS's website says that the Restoration Fee is a "3% guarantee premium". In the case of this 2006 reverse gold proof, is it 3% of its premium over melt value? And I'd assume that there is a re-holder fee as well?
The 3% guarantee premium stems from the pcgs price guide value of your coin (which is $5,000). So that fee will be $150. Then you have to pay the express restoration fee of $70 (because the coin’s value is above $2500). Then you’ll have return shipping of $33. That comes to $253.
There is no reholder fee in this process.
Again, I would strongly suggest you save your money and avoid this process on this coin. Sell it and buy another example you like. I’d say ~20 of these coins in first strike 70 holders have already and are still currently being sold through various auction houses this year so far. This is a big dump in a short period of time, where you can be selective and get decent pricing.
A couple on eBay for around $4500….
Thanks. $4500 is too much. I'd rather pay the for restoration, selling it and re-buy is a bigger hassle than submitting it to PCGS for restoration.