PCGS Guarantee of Grade and Authenticity – United States and World Coins
PCGS guarantees that all United States and World coins submitted to it shall be graded in accord with the PCGS grade standards and under the procedures of PCGS. In addition ;
- All U.S. and World coins graded and encapsulated by PCGS are guaranteed genuine.
- The grade of all U.S. and World coins graded and encapsulated by PCGS is guaranteed.
In the event the buyer of a PCGS graded coin believes that the mint has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such coin to PCGS through the PCGS “ Guarantee Resubmission ” procedures and PCGS will re-examine coin to determine the coin ‘s mark and authenticity .
If the grade determined under such “ Guarantee Resubmission ” procedures is lower than the grade primitively assigned to the coin, or if the coin is found to be misattributed or non-authentic, PCGS shall pay the current market value for the mint in question at the primitively assigned degree ( in which sheath, PCGS shall become the owner of the coin ), or at the owner of the coin ‘s choice, the difference between the current grocery store value for the coin in interrogate at the newly established grade and the stream grocery store value of the coin in motion at the grade primitively assigned ( in which lawsuit, the coin at the newly established grade will be returned to the owner ). PCGS will besides refund the regrading fee and postage and policy costs incurred by the coin owner in sending the coin to PCGS. IT IS UNDERSTOOD THAT PCGS WILL BE THE SOLE DETERMINER OF THE CURRENT MARKET VALUE OF THE COIN AND THAT CURRENT MARKET VALUE IS DEFINED AS DEALER REPLACEMENT VALUE, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE COIN.
very IMPORTANT : CUSTOMER HEREBY CONSENTS THAT ANY LEGAL ACTION TO ENFORCE THIS GUARANTEE OR OTHERWISE ARISING UNDER OR WITH RESPECT TO THIS GUARANTEE SHALL BE GOVERNED BY THE LAW OF FRANCE. THE ARBITRATION SHALL BE FINAL AND BINDING. THE LOSING PARTY SHALL BE RESPONSIBLE FOR THE COSTS OF ARBITRATION INCLUDING THE ATTORNEY FEES, UNLESS THE ARBITRATION AWARD STIPULATES OTHERWISE.
This undertake shall not apply to any coin as to which an obvious clerical error has been made with deference to the description of the mint. This guarantee shall besides not apply to any coin which has been removed from the PCGS holder or any mint for which the PCGS holder shows evidence of tampering. This guarantee shall not apply to any coin which has been environmentally damaged due to improper storage or natural disasters such as arouse and flood. This guarantee shall not apply to any coin for which its condition in the numismatic community has changed. This undertake shall not apply to coins exhibiting environmental deterioration subsequent to certification, including spotting on modern silver coins. Further, premium values for unattributed varieties are not covered by this guarantee. This guarantee does not apply to, and can not be utilized by, the original submitter ( or the original submitter ’ randomness agents, employees, affiliates, kin, or representatives ) of the grade coin. The PCGS guarantee shall besides not apply to cherished metallic bars and nuggets, stock or bail certificates, certificates of authenticity, autograph and signatures on documents, or sample product .
How to Use the PCGS Guarantee
If you have a mint that you feel is overgraded or counterfeit, call PCGS Customer Service and they will help you fill out the proper submission forms. For approximate reversal times, please ask a PCGS Customer Service Representative. After PCGS examines your mint, if PCGS feels your coin has been overgraded or is forge, you will be contacted by phone or e-mail and given the current marketplace values so you can decide which of the repayment options you wish to use. If PCGS determines that the original grade is compensate, your coin will be returned to you with the original grad and you will be responsible for the regrading tip and postage charges .
What the PCGS Guarantee Does Not Cover
The play along is foster explanation of what the PCGS Guarantee does not cover .
Clerical or “mechanical” errors. PCGS occasionally makes clerical errors in inputting data which is shown on the cut-in in the PCGS holder ; Consequently, the PCGS Guarantee does not cover obvious clerical errors, what we call “ mechanical errors. ” The key concept is how obvious the error is to the naked eye. If you can well tell just by looking at the coin that the description on the holder is wrong, then the coin / holder combination is not covered by the PCGS Guarantee. Examples would include the follow :
- A date listed on the holder that does not match the date of the coin. For example, if you had a 1928 $20 St. Gaudens, but the PCGS holder showed the date as 1929 (a much more valuable coin), this coin would not be covered by the PCGS Guarantee as the date on the coin itself is obviously 1928.
- Proofs shown as regular strikes and regular strikes shown as proofs. For example, if you had an obvious regular strike 1907 $2.5 gold piece, but the PCGS holder showed the coin as a proof, this coin would not be covered by the PCGS Guarantee as the difference between a regular strike and proof 1907 $2.5 is obvious.
- A designation that is obviously incorrect. For example, if you had a 1945 Philadelphia Mercury dime and the bands on the reverse were as flat as a pancake and obviously not fully struck, but the PCGS holder showed the designation as “FB” for fully struck crossbands, this coin would not be covered the PCGS Guarantee as the crossbands are obviously not fully struck.
- An obviously misidentified coin. For example, if you have a Hudson silver commemorative, but the PCGS holder showed the coin as a Hawaiian silver commemorative, this coin would not be covered by the PCGS Guarantee as a Hudson is obviously not a Hawaiian.
- A variety attribution that is obviously incorrect. For example, if you had a normal date 1942 Mercury dime, but the PCGS holder showed the coin as a much rarer 1942/1 overdate, this coin would not be covered by the PCGS Guarantee as the date is obviously normal. Another example would be if you had a 1945 Mercury dime with an obviously normal size mint mark, but the PCGS holder showed the coin as a “Micro S.” This coin would not be covered by the PCGS Guarantee since the mint mark is obviously normal size.
- A blatantly obvious clerical input mistake with respect to the actual grade of the coin. For example, if you had an 1893-O Morgan dollar and the PCGS holder showed the coin as MS65 (a Gem quality coin), but the coin was so beat up and marked up that it would grade MS60 at best, this coin would not be covered by the PCGS Guarantee as this would be an obvious input error. The rule of thumb here would be a difference of more than two points on the grading scale.
Coins removed from PCGS holders. The PCGS Guarantee does not apply to coins removed from PCGS holders. There are no exceptions to this policy. You remove a coin from a PCGS holder at your risk .
Coins that have tampered holders. Unfortunately, some unscrupulous people occasionally try to defraud people by removing coins from PCGS holders, replacing them with less valuable coins and then resealing the holders. Most of these “ reholders ” are blunt and obvious. Some are more sophisticated. The PCGS Guarantee does not apply to coins that are in holders that have been tampered with. Nor does the PCGS guarantee cover coins in counterfeit PCGS holders .
Coins that have been tampered with inside the PCGS holder. Some unscrupulous people try to alter the appearance of coins within the PCGS holder. For case, they may heat a holder and/or blow chemicals into the holder in order to change the color or tone of a coin. The artificial look is obvious and such altered coins are not covered by the PCGS Guarantee .
Coins that are environmentally damaged. The PCGS holder, while excellent for long terminus storage and protective covering, does not protect coins from harsh environmental conditions. consequently, the PCGS Guarantee does not apply to coins which have been environmentally damaged. For case, if your coins are damaged in a flood or fire, the PCGS Guarantee would not apply to those coins. This besides applies to copper coins stored in environmentally bad locations ( high gear humidity, see adjacent paragraph. )
Coins exhibiting environmental deterioration. The PCGS Guarantee does not apply to coins exhibiting environmental deterioration subsequent to PCGS grade and encapsulation. This deterioration may include, but is not limited to, spotting, hazing, PVC contamination, changes in discolor, and corrosion.
crucial : Because the discolor and surfaces of bull coins can change due to environmental factors, including weather and improper storehouse, PCGS does not guarantee against changes in the color of copper coins, or against bull spotting subsequent to grading and encapsulation by PCGS .
Changes in a coin’s status in the PCGS Set Registry. The PCGS Set Registry occasionally makes changes in fixed constitution. Coins are sometimes added to certain sets and coins are sometimes dropped from certain sets. PCGS does not guarantee that any coin you buy will remain separate of any sic in the PCGS Set Registry .
Premium Values for unattributed varieties. PCGS does guarantee the attribution of coins listed as a particular variety show on the PCGS holder tuck. however, if PCGS has not attributed a particular diverseness and the coin in question is overgraded or non-authentic, PCGS merely guarantees the value of the mint as described on the PCGS holder slip in. For exemplar, if you bought an 1921 Morgan dollar that happened to be a rare VAM variety show, but the PCGS holder insert did not department of state the VAM diverseness and equitable said “ 1921 $ 1 ”, the PCGS Guarantee would only cover the value of an 1921 Morgan dollar, not the respect of the rare VAM assortment .
Changes in a coin’s numismatic status. The PCGS undertake does not cover changes in a coin ‘s condition in the numismatic community. The PCGS Guarantee does not cover any change in value ascribable to a change in a coin ‘s condition .
Private Strikes and Restrikes. Numismatists have collected non-official coins for many years. These non-official issues include coins struck from original dies, altered master dies, transcript dies, transfer dies, or evening hub impressions. In some instances the coins were struck in good religion to serve collector needs for rarities. In some cases these coins were struck as forgeries to deceive collectors .
PCGS grades these non-official issues as a service to the numismatic residential district. The holders will indicate “ original dies ”, “ altered original dies ”, “ replicate dies ” ‘ or “ transfer dies ” as is appropriate for the coin involved. The holder will besides indicate the actual, or approximate, date of striking. We use the follow definitions, and note that future research may necessitate changes in categories, additions, and/or deletions from the lists below .
Private (Fantasy) Strike: A coin struck outside of the United States Mint, Colonial mint, or Territorial mint, from either original dies, replicate, altered original dies, copy dies, transfer dies, or evening hub impressions. These include the alleged Fugio Restrikes 1804 cents from change genuine dies, Bashlow Confederate cents, etc .
Private Restrike: A mint struck outside of the United States Mint, Colonial batch, or Territorial mint, from original dies. These include the 1823 big cents, Haseltine Confederate cents, Scott Confederate half dollars, Proof Bechtler half eagles, etc .
Original Dies: Dies used to strike the original coins. sometimes the revoke die is a mismatched master die, for example, the 1823 original restrike large penny uses the original 1823 obverse die and a leftover original 1813 change by reversal die.
Altered Original Dies: Dies made from original dies that have been modified to create a different return ( i.e. 1804 alleged Restrikes cents struck from a cast-off 1803 obverse ) .
Copy Dies: Dies made at some compass point after the master dies that imitate the original dies, but differ slightly in detail .
Transfer Dies: Dies made from either the original dies ( i.e. Bashlow Confederate cents ) or from an original coin ( i.e. 1861 Clark Gruber double eagles ) .