PCGS - Submission Held For 3 Months - Page 2

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Author	Replies: 19 / Views: 4,124	Page: of 2

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 08/28/2019 7:37 pm Can't argue. When submitting coins to the major TPGs, I typically (not always) insure them at around what I paid for them, not for what I hope they'll grade at. Perhaps not sound reasoning, but I've never lost a shipment in 25 years and saved a ton of money in the process. Edited by Coinfrog 08/28/2019 7:39 pm Report this Post to the Staff
BadDog Pillar of the Community United States 1375 Posts	Posted 08/28/2019 9:02 pm Quote: ...insure them at around what I paid for them... I NEVER do this Quote: for what I hope they'll grade at I ALWAYS do this. The reason for the above is that I'm submitting raw coins purchased 20 to 30 years ago at MUCH lower prices than a graded coin would go for today. Should something happen like what happened to the OP it would guarantee that PCGS would pay lower value on the coins. Also, raw coins typically have less value than the graded coin. Again, indicating a value of what you believe the coin will grade at protects the submitter if something goes haywire and you have to purchase an equivalent graded coin. Edited by BadDog 08/28/2019 9:03 pm Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 08/30/2019 06:47 am Whether it's postal insurance or TPG insurance always insure for what you believe the final value will be within reason of course. Putting a higher value doesn't assure you would get that, but putting a low value does assure that is the max you can get. It's one thing to put like a 310 dollar coin as 300 to use the economy tier, but I would never try and sneak something in with an abnormally low value. As a side note the submission sheet will help with postal insurance claims so you need to make those values match otherwise it'll be denied and you might as well have saved money and sent it without insurance. Edited by basebal21 08/30/2019 06:49 am Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4593 Posts	Posted 08/31/2019 11:10 am Actually you should declare and insure for full replacement cost. If they damage it and give you a check - now what do you do? What will it cost to buy a replacement? If you watch antiques roadshow you'll see this - appraisers say what they think it would sell for in a shop, or at auction or what you should insure it for (full replacement). The numbers can be quite different. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
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