PCGS Spot Review..
NewParadigm
Posts: 1,322
So much for the so-called guarantee....
I have a PR70 Silver Eagle that is covered in milk spots. I called PCGS and they told me there is the above fee. Seems pointless to by proof eagles in pcgs plastic now. When you include the original fees to get graded and now this, why get them graded? The fees are more than the coin is worth.
I have a PR70 Silver Eagle that is covered in milk spots. I called PCGS and they told me there is the above fee. Seems pointless to by proof eagles in pcgs plastic now. When you include the original fees to get graded and now this, why get them graded? The fees are more than the coin is worth.
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<< <i>So much for the so-called guarantee....
I have a PR70 Silver Eagle that is covered in milk spots. I called them and they told me there is the above fee. Seems pointless to by proof eagles in pcgs plastic now. When you include the original fees to get graded and now this, why get them graded? >>
Sounds like they are trying to discourage spot reviews of low value coins which includes many moderns.
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
This being the case, why not just send it in for a re-grade. The price is basically the same, it probably gets processed faster.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
you're doing it for the evaluation. (I think I'll start saving them and submitting them at shows.)
you have to get the coin to them somehow.
It's not like they made a mistake.
<< <i>the to and fro shipping charges are a non-issue to me.
you're doing it for the evaluation. (I think I'll start saving them and submitting them at shows.)
you have to get the coin to them somehow.
It's not like they made a mistake. >>
Actually, not all guarantee submissions are because a coin turns color in the holder or grows some spots. Some guarantee resubmissions are sent in to PCGS because the coin was just overgraded by PCGS from day one and the coin is not market acceptable at the current grade on the holder.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
The PCGS Guarantee isn't worth much anymore based on this
Submitting a coin under the grade guarantee has ALWAYS required a specific fee simply because PCGS had to look at the coin and essentially "regraded" it. If it downgraded, that fee in addition to any differential grade funds was refunded to the submitter.
Spot Review, on the other hand, never required a fee for simple spot removal via a quick dip. Milk Spots on Silver Eagles have NEVER been removable via a dip and are more or less permanent once they form. A "spot" caused by some piece of organic material inadvertantly encapsulated with the coin is a different story though since a quick dip or spot dip will remove that "spot" from the coin.
I would never believe that PCGS would even consider a milk spotted Silver Eagle for "spot review" since the spots are not removeable. Therefore, Silver Eagles get submitted under "grade guarantee" with the required fee's.
Remember that Silver Eagles are different than regular coinage with regard to "spots" and "spot review" AND not all spots are equal.
Re-Reading the OP, proof silver Eagles "at times" do respond favorably to a dip and the removal of milk spots. But not always.
The name is LEE!
Box of 20
Stop collecting modern CRAP ! One day you guys will learn
Stewart
<< <i>Stop collecting modern CRAP ! One day you guys will learn
Stewart >>
ALL coins were modern crap at one time. A chain cent or a 1794 dollar was modern crap in the late 1790's.
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 expense is an irritant, but it's also unclear to me if one needs to have some level of paid Collector's Society membership in order to submit at all. Can you do this if you don't currently pay for any of the membership levels?
<< <i>I have a $1000 coin that's suspicious for putty. I've been debating doing this for a while.
The expense is an irritant, but it's also unclear to me if one needs to have some level of paid Collector's Society membership in order to submit at all. Can you do this if you don't currently pay for any of the membership levels? >>
I may be in error, but I believe you have to be a member to submit raw coins for grading, but embership is not required to submit any coin already in a PCGS holder.
<< <i>I don;t understand.
Submitting a coin under the grade guarantee has ALWAYS required a specific fee simply because PCGS had to look at the coin and essentially "regraded" it. If it downgraded, that fee in addition to any differential grade funds was refunded to the submitter.
Spot Review, on the other hand, never required a fee for simple spot removal via a quick dip. Milk Spots on Silver Eagles have NEVER been removable via a dip and are more or less permanent once they form. A "spot" caused by some piece of organic material inadvertantly encapsulated with the coin is a different story though since a quick dip or spot dip will remove that "spot" from the coin.
I would never believe that PCGS would even consider a milk spotted Silver Eagle for "spot review" since the spots are not removeable. Therefore, Silver Eagles get submitted under "grade guarantee" with the required fee's.
Remember that Silver Eagles are different than regular coinage with regard to "spots" and "spot review" AND not all spots are equal.
Re-Reading the OP, proof silver Eagles "at times" do respond favorably to a dip and the removal of milk spots. But not always. >>
For common stuff like ms69 ASEs, if they can't conserve it they probably just replace the coin with a new one.
<< <i>For common stuff like ms69 ASEs, if they can't conserve it they probably just replace the coin with a new one. >>
.........or they just pay you for it.
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>For common stuff like ms69 ASEs, if they can't conserve it they probably just replace the coin with a new one. >>
.........or they just pay you for it. >>
That too.
<< <i>Stop collecting modern CRAP ! One day you guys will learn
Stewart >>
O.K. that's it.
I'm gonna LEARN to collect like Stewart.
"Inspiration exists, but it has to find you working" Pablo Picasso
Warranty Claims - Last 30 days Warranty Claims - Last 12 months
Number Value Number - Value
0 $0.00 771 $406,282
The $50 in fees must be working as they paid out nothing in the past 30 days
I had sent coins for Reholder/Variety Attribution. Apparently somebody thought one of the coins needed beating up on, as it was sent thru Regrade and was downed from an MS65 to an MS63.
The payment offered is fair, but only if you completely disregard the increased value of the variety.