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What will PCGS and NGC do with doctored coins already in their slabs???
2manycoins2fewfunds
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What will happen to any of the 1000s of doctored coins already resting in one of their slabs if it comes back for regrading, review etc???
How will their quarantee apply if a doctored coin that already is in a PCGS slab gets reviewed??
Kind of an interesting ethical question..........a doctored coin is already resting in one of your slabs and it comes back for regrading. Do you now bodybag it and send a refund?? Or should you stick your head in the sand and pretend none have slipped through?
How will their quarantee apply if a doctored coin that already is in a PCGS slab gets reviewed??
Kind of an interesting ethical question..........a doctored coin is already resting in one of your slabs and it comes back for regrading. Do you now bodybag it and send a refund?? Or should you stick your head in the sand and pretend none have slipped through?
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person who sent it in for review for a fair market price.
they must have a metric ton of silver rounds with milk spots waiting
to be paid out!
i do not know for ngc.
It falls under the PCGS grade guarantee. You should be able to get a refund.
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
The best comparison may be wild toners that a TPG initially encapsulates but later stops, presumably because they are deemed to be AT or no longer MA. Some electric Jeffs and colorful Ikes may fit in this category and may be exactly what the TPGs are talking about with this new policy. What have TPGs done with already encapsulated coins like these in the past?
<< <i>And just how does PCGS accurately determine values of "wild toners" anyway? There are no priceguides, or greysheets for toned coins. >>
For some prominent coins, you can simply look at the before and after realized auction prices. Prices guides tend to be based on actual transaction prices anyway.
Do these new policies eliminate market acceptability? Or will some coins continue to get some more leeway?
<< <i>on this forum are many examples of PCGS buying the coin from the
person who sent it in for review for a fair market price.
they must have a metric ton of silver rounds with milk spots waiting
to be paid out!
i do not know for ngc. >>
NOT!!
They probably aren't going to do anything re the lightly cleaned Bust $s, which acccording to Revier, are the majority of the slabbed coins of the type.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>And just how does PCGS accurately determine values of "wild toners" anyway? There are no priceguides, or greysheets for toned coins. >>
Let's just say if you paid a premium for the toning alone, then you are screwed!
US and British coin collector, and creator of The Ultimate Chuck E. Cheese's and Showbiz Pizza Place Token & Ticket Guide
<< <i>After they buy them back, they crack them out and wholesale them to dealers. >>
And do they disclose that they are crackouts, doctored, and otherwise body bagged? Aren't they just recycling the problem?
Everyone seemed to agree that there are doctored coins currently sitting in registry collections.
I've also seen post where some have bragged they could tone coins in slabs.
Looks like bottom line is if you buy a toner you better like it as is because it may or may not slab a second time.
<< <i>I have cracked out lots of non-PCGS toners and sent them to PCGS; never had even one not get slabbed there. >>
But your level of expertise is likely in top 1-2%.
Also consider the rules have changed and obviously more attention will be paid to toners.