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 Replies: 12 / Views: 1,614 |
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New Member
Canada
27 Posts |
Once a coin has been graded by a TPG is there an expiration on how long it is valid for? |
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Bedrock of the Community
United States
36741 Posts |
Nope. But if grading standards change as they did a few years ago, people break out the coins and resubmit in hopes for a higher grade.
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New Member
 Canada
27 Posts |
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Bedrock of the Community
United States
17884 Posts |
At NGC the color grades for copper are only valid for 10 years. At PCGS the color grades are not guaranteed/valid at all.
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Rest in Peace
United States
2668 Posts |
Thanks, I learned something new today.  |
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Pillar of the Community
United States
1944 Posts |
i also heard (might be an urban legend) that a lincoln memorial (zinc) cent was graded MS 70 and sold for several thousand dollars at auction. over time it began to deteriorate in the slab holder. its value droped to literally $0.01. I dont actually know that it's a fact but I have heard of the story.
Edited by dbrablec
06/18/2013 4:11 pm
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Pillar of the Community
Canada
3167 Posts |
That has happened before. Usually the TPG who graded it will buy it back at FMV before the 'deterioration'. |
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New Member
Canada
27 Posts |
Really they buy it back when its only worth face value? Wow this hobby is a sure bet investment I already look at coin rtoll hunting like refundable lottery tickets the more I hear the more I Like
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Bedrock of the Community
13014 Posts |
Quote:
Really they buy it back when its only worth face value? PCGS and NGC as well, not sure about ANACS will buy back coins if they no longer match their grades. There are some exceptions to that and NGC seems to backing away from guaranteeing their varities, but for the most part they do stand behind their work. |
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Pillar of the Community
Canada
3167 Posts |
Quote:
Really they buy it back when its only worth face value? FMV= Fair Market Value |
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Bedrock of the Community
United States
17884 Posts |
One of the TPG's has recently announced that their guarantee will not cover coins that turn after the are slabbed. Just reviewed the NGC guarantee, and copper, bronze, and copper nickel coins graded before April 1 2000, are not covered under their guarantee, and the guarantee for coins in these metals slabbed after that date expires after 10 years. The NGC guarantee does not cover coins that have turned (spotted, hazed, other deterioration) after they were slabbed. (So if your PF-70 ASE milkspots you are out of luck, the guarantee does not apply.) Reviewed the PCGS guarantee and it also no longer guarantees coins that turn in the holder after slabbing. |
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New Member
Canada
27 Posts |
i see I'm canadian would probably deal with ICCS since they arent to far from me I would be face to face for a drop off (save on shipping) but great input thanks
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Bedrock of the Community
United States
20753 Posts |
As to any guarantee, warantee, etc. remember that regardless of what they say, tell you or even put in writting, if out of buisness, then what. Any TPG could guarantee anything but if they go out of buisness, so goes the guarantee. Quote:Once a coin has been graded by a TPG is there an expiration on how long it is valid for? I wonder if you sent in a chocolate coin and got it graded and slabbed, just how long would that guarantee last?  |
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Replies: 12 / Views: 1,614 |
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Posted 06/18/2013 12:05 pm
