To Value Raw Coins on Submission Form
Capgun
Posts: 896 ✭✭✭
Do you use raw value, or value based on the grade you might expect upon return to you?
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Capgun
Posts: 896 ✭✭✭
Comments
It actually should be the same number. A raw 65 is technically the same value as a slabbed 65. It's just easier to get it in the slab.
It's an insurance number, understate the value at your own risk.
All comments reflect the opinion of the author, even when irrefutably accurate.
Thats a given, just wondered how others submit when perceived grade may not even be close to what it actually grades. I've been pleasantly surprised in the past.
You don't put the value as the amount you paid for it?
Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?
That would make no sense. What if you bought the coin 20 years ago? What if you inherited the coin?
Or, were you joking?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Its PCGS's job to tell us the value by assigning the grade, and they should just insure the contents returning to you as graded. If I'm submitting it economy its worth no more than $300. My best guess is that this would be your estimated replacement value.
I generally use the value on the PCGS price guide for the grade I think it will receive, or something close to it.
If you get it really wrong, they will upcharge the coin(s) that exceed the service level. I think there is some leeway, I've had some coins in economy grade out such that the value was above the $300 max but was not charged extra.
Collector, occasional seller
I’ve had some grade out higher than expected AND was then charged the higher non-economy fee.
Oddly enough (lol), when the grade comes back lower than expected, dropping it to the Economy level, no refund was made.
Like in Vegas, the house always wins.
Well, I wouldn't say it makes no sense since it's the easiest way to put a value on something.
Llamas and alpacas are camels. They aren't like camels, or related. They are camels. When was anyone going to tell me this?! How long had Bill Nye been holding out on us?