PCGS Dilemma

Body bagged to single finest graded? Wealthy collector getting grades cancelled and reinstated at a whim? Not saying this doesn't happen, but you are asking us to believe a lot at just your word without evidence.

I'm sorry but Ill go ahead and say it, no one is going to believe this with 0 evidence provided.

Grades don't get cancelled because something was regarded differently.

I've had issues with their error coin service and will no longer use it, however you're trying to make us believe a company with billions of dollars of coins graded decided a wealthy collector was more important than the company and all that money with no evidence provided. Not going to happen.

Grades change, its why people crack things out and resubmit them if they don't agree and they're confident they're right. Doesn't mean anything nefarious is going on. If the same coin was put in front of you a couple times months apart with thousands of coins in between you'd almost certainly give it different grades on the different appearances. Plus or Minus one grade either way where there isn't a massive value jump happens a lot in grading from everyone, occasionally things get details grades that shouldn't have and vice versa.

Not wrong and getting something re-graded and the grade changing isn't even close to what you're implying.

PCGS has horrible customer service (as many CCF users can and have attested). Why give your money to a service that conducts business in the manner even you have outlined in your original post?

If you want it to change, take your money to a competitor. Only by taking a hit to their bottom line will we ever see results. Continued use of their services are only encouraging & reinforcing the practices they have in place.

I've told this story on CCF before: Sent in a nice 1885-CC Morgan to PCGS (back before details holders) It came back twice in a body bag, third time it made it into a MS63 holder (it was nicer than that IMO) finally sold it at a small loss to a friend (loss due to the cost of slabbing attempts and mailing fees), he cracked it out resubmitted it, promptly got it in a MS64 holder first try. That is the grade I was looking for from the start. That was the last time I submitted directly to PCGS, though I've gone through other dealers since then.

I submitted once myself, the bodybag, went to a bigger dealer to submit the second time, (not a big spender with them at the time, but well known) got the MS62 - (I said MS63 earlier sorry typo), the friend that I sold it too, submitted himself, with a few other coins (he was a new PCGS member) so not a previous submitter in the past, I too was pretty new to being a member in fact I submitted with the certificate, as my friend did). The coin was always a solid MS64 IMO, and I think I know how to grade pretty well, at least Morgan dollars, back then I was a dealer so handling them everyday, hundreds a week.

I have never heard of a cancelled grade...shows I'm a rookie. They don't "cancel a grade when the coin is not out of their possession do they? So I have a 1936 1c graded MS-66 Red and it is on ebay...they don't say grade cancelled and no longer valid right? THAT WOULD BE CRAZY for the market to allow.

Now, if the coin were sent back and the grade was raised or lowered (what some are calling "cancelled") ... THAT's perfectly OK. Happens all the time. Someone important once said something like this publicly: If a coin is worth submitting once, it's worth submitting more times."

Now with them ec

In short, the answer to your question is NO. No recourse at all.