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Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
YaHa
Posts: 4,220 ✭
I was reading a few posts about coins that have problems inside the slab and I have had many coins sent back as over graded. I did however received value or a replacement coin thru the guarantee.
I come to the conclusion that a TPG could lose a heck of a lot of $$$ with the guarantee..
So, has then been any mention of the total payouts in wrong grades, anywhere online, articals..
I am affraid a TPG might not give this figure because of the embarassment of being wrong.. But on the other hand I think it could be a good business decision to admit they are human. George
I come to the conclusion that a TPG could lose a heck of a lot of $$$ with the guarantee..
So, has then been any mention of the total payouts in wrong grades, anywhere online, articals..
I am affraid a TPG might not give this figure because of the embarassment of being wrong.. But on the other hand I think it could be a good business decision to admit they are human. George
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PCGS wants to perfect their grading standards and have even grades across the boards, and they check this with multiple graders looking at your coins.
Having coins grossly over/under-graded is fairly rare, but it does happen; whether that's 1-2 grade levels higher/lower.
I'm sure PCGS is EXTRA careful when looking at the higher priced coins, thus the higher priced grading level services, so that PCGS won't have to use this "Grade Guarantee" down the road.
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
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
<< <i>The bad coins that are bought back under their guarantee are cracked out and quietly wholesaled out which helps offset any losses. >>
Perry, I was thinking on the same lines you were.. Also I bettca there a many coins that are not paid for and then become property of the TPG.. We must forget it's a percentage of the value of the coin.. So, maybe it's titt for tat. I would like to know the graders name that had a loose grading scale so he is not grading my coins in the future..
<< <i>'I'm sure PCGS is EXTRA careful when looking at the higher priced coins" Does that mean they look at them for 14 seconds instead of 7?
Well, because they charge you more for valuable coins, and because they have more on the line if they blow it, you might think they would...
<< <i>'I'm sure PCGS is EXTRA careful when looking at the higher priced coins" Does that mean they look at them for 14 seconds instead of 7?
It also means they are more conservative when assigning grades.
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
<< <i>
<< <i>'I'm sure PCGS is EXTRA careful when looking at the higher priced coins" Does that mean they look at them for 14 seconds instead of 7?
It also means they are more conservative when assigning grades. >>
Exactly! Look at the 1804 dollars!
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<< <i>
<< <i>'I'm sure PCGS is EXTRA careful when looking at the higher priced coins" Does that mean they look at them for 14 seconds instead of 7?
It also means they are more conservative when assigning grades. >>
Exactly! Look at the 1804 dollars!
Famous coins are the exception since the grading services want those coins in their slabs for the prestige that it brings.
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
<< <i>'I'm sure PCGS is EXTRA careful when looking at the higher priced coins" Does that mean they look at them for 14 seconds instead of 7?
Instead of a grader looking at it for 14 seconds, 2 graders see it for 7 seconds apiece.
The year 2008 was a hard one, including this 1792 half-disme and that 1792 half-disme.