PCGS Copper Guarantee... Am I missing something?

SilverEagles92 · December 30, 2009 2:06PM

I thought the guarantee no longer applied to coins graded after Jan. 1, 2010.

Does that mean that it STILL APPLIES to coins graded before this date?

Several people are in a mad rush to either buy or sell their RD copper while it's "still under guarantee"

As long as the coin was graded before tomorrow (It's 12:05 EST now), doesn't the guarantee still apply? Or am I misunderstanding the policy change?

mike92694 · December 30, 2009 2:12PM

The problem comes with the words or sold after Jan 1, 2010.

SilverEagles92 · December 30, 2009 2:13PM

<< The problem comes with the words or sold after Jan 1, 2010. >>

Now, who is going to determine that?

mike92694 · December 30, 2009 2:14PM

I have no idea, but that explains the rush to buy/sell such before the deadline.

SilverEagles92 · December 30, 2009 2:17PM

True, I guess I missed that "sold" part the first time around.

I still don't understand how anyone will determine if a coin has traded hands or not.

coinpictures · December 30, 2009 2:32PM

If you know a dealer well, backdated receipts are never a problem.

SilverEagles92 · December 30, 2009 2:47PM

<< If you know a dealer well, backdated receipts are never a problem.

>>

You think you'd have to provide a receipt if you wanted the coin to go in under the terms of the guarantee? Like a RD coin that turned RB?

I almost never receive a receipt when I buy coins.

illini420 · December 30, 2009 2:55PM

<< 

<< If you know a dealer well, backdated receipts are never a problem.

>>

You think you'd have to provide a receipt if you wanted the coin to go in under the terms of the guarantee? Like a RD coin that turned RB?

I almost never receive a receipt when I buy coins. >>

Well for the higher end coins in Registry sets it's sort of easy and I would imagine no receipt is necessary to prove ownership before 1/1/10 if you register your coins in the PCGS registry before that date.

centmaster · December 30, 2009 3:22PM

<< You think you'd have to provide a receipt if you wanted the coin to go in under the terms of the guarantee? Like a RD coin that turned RB?

I almost never receive a receipt when I buy coins. >>

You better believe you will. The "or sold" part is a killer. They seem to be doing everything in their power to never have to pay off on a copper coin again and are angering more and more people as they learn the facts.

SilverEagles92 · December 30, 2009 3:47PM

Three words:

N G C

airplanenut · December 30, 2009 4:21PM

<< Three words:

N G C >>

Well, their guarantee is valid for 10 years after grading, only if the coin was graded on or after 4/1/00. That means that plenty of coins in their holders aren't guaranteed, or won't be in the near future...

illini420 · December 30, 2009 4:22PM

<< Three words:

N G C >>

From what I understand, NGC's guarantee is limited to 10 years from the date it is slabbed. Sort of hard to figure out since we don't know what dates our coins have been slabbed unless we were the submitter. Of course, it also seems that the NGC guarantee is renewable if you just resubmit all of your copper coins every 10 years.

coinguy1 · December 30, 2009 9:54PM

<< 

<< If you know a dealer well, backdated receipts are never a problem.

>>

You think you'd have to provide a receipt if you wanted the coin to go in under the terms of the guarantee? Like a RD coin that turned RB?

I almost never receive a receipt when I buy coins. >>

You should start getting receipts when you buy coins and that is totally apart from the copper guarantee issue. And if, for example, you win something on Ebay and the seller doesn't send a receipt, just print out the listing and/or the payment information through Ebay.

dbcoin · December 30, 2009 10:49PM

I have a feeling NGC will change their guarantee to match PCGS some time in the future. So all those collectors sending off their PCGS copper coins to be re-slabbed in NGC holders will be burned twice.

leothelyon · December 31, 2009 7:07AM

Could there be instances to sell and buy right back to create a receipt or additional receipts for future sales. Technically, one person could have a coin in his possession but yet has created future receipts predating 01/01/10 to potential buyers. Someone having owned the coin once could use that same receipt is another possibility of cheating the TPGS. How could these problems be avoided. I guess it could happen in the first few months but once every high grade expensive copper is logged into a tracking system, the problem would eventually stop.

Leo

Coll3ctor · December 31, 2009 7:09AM

When will they change the policy on milk spotting ASE's

66Tbird · December 31, 2009 1:03PM

So, my 72 DDO in an old rattler holder that went from RD to RB is now worth much less unless I find the 10 year old receipt. That sucks

Bochiman · December 31, 2009 1:18PM

<< So, my 72 DDO in an old rattler holder that went from RD to RB is now worth much less unless I find the 10 year old receipt. That sucks

>>

Did you already put it in your registry? I would think/hope that they accept their own registry stats as well

PCGS Copper Guarantee... Am I missing something?

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