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Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
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… -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <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… -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <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. -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <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... -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
I think I read in one of Scott Travers' books that it was about $50,000 a month, and that was a few years ago. -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
I think that they admit that they are human by providing the "Grade Guarantee" 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… -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <i> << <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… -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <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! -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
About 1 year ago in official SEC docs, CU said they paid out about $1M in guarantees. If you read the quarterly reports there is a line for this in their somewhere. That one quarter stood out. The year 2008 was a hard one, including this 1792 half-disme and that 1792 half-disme. -
Re: Has there ever been a pub on what a TPG company has paid out in Grade Guarantee?
<< <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.
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