Grading Submission Question

It is necessary to have a value for insurance purposes during the mailing portions of the submission.

On the other hand, what about determining the value as to the different tiers for the TPG's grading services. Should this be a retail value? Or a wholesale value?

Yes. Understood all. I know it's for insurance calculations, but just getting the value right, especially if you don't have years of experience at it, can be tricky. What I mean is, what if a coin is worth way more because the sender had no idea the coin had a defining feature(s) that made it a much higher premium? Plus any other honest miscalculations.

And...if lost, you get the declared value, period. Matters not if worth way more as basebal21 noted. Well, if it's lost you will never know anyway. I like answering my own questions.

But as you guys generally confirmed....look it over, do your homework, use the price guides/comparative market sale prices, make the best guess at grade and subsequent value, and I agree.....go one level higher to provide a cushion and proper Fee level chosen.

Bottom line though....loss or something of that nature is going to be rare. Especially with Registered Mail. That is the USPS's Holy Grail service, and it is well controlled. Of course it could get lost in the PCGS process, but I have to think that is their #1 sin, for their people to misplace or lose a clients coinage. Not a good job security move.

So...appreciate the input. No worries. I will start filling out the form(s) accordingly, and the grading adventure begins. Thx all.

Quote 1....Got it basebal21...good to know that first point you made. But to make sure I am understanding this, are you saying there is a way to see the Grade(s) awarded before they are mailed back ("when you see the grades pop")? Meaning they grade it at say MS-67, but I annotated a much lower declared value, and the premium jumped significantly. I can see that information on their website? Or they notify you? Maybe I need to monitor my submissions via my PCGS account as it is my responsibility? Or something like that, and then I pay to upgrade the insurance prior to shipping back to me?

(Or maybe I should just stop bothering you folks, and go read their policies and find out myself. Lol. Actually I did, but did not see what I am asking for, save the check price guides and auction/sales sites for comparative sales. They did say that)

So, I would think if it is significant value increase (and I am sure that has happened quite a bit over the years), they would contact you as a courtesy to protect your investment. Good business practice IMO.

I also would think that if you chose a service Tier, such as ECONOMY at $16...with a $300 value limit for the coin, and it gets graded high, and ends up being valued at a minimum of say $1000 per PCGS price guides...then they would need an additional payment for the higher Tier that should have been chosen. Say $35 with $3000 max value.

Is all that babble I just stated, correct?

Quote 2...Yes, all that makes 100% sense. It's really like a bank. Lots of 'treasure' floating around and handled all day. And very small treasures that can easily be lifted without tight security. Nothing personal against the TPG's but it's just business. Heck, I would welcome the security as a TPG, in order to not get accused of anything. OK...thx thus far for the attention to my questions. Much appreciated.