Help With "declared Value"

To participate in the forum you must log in or register.

Author	Replies: 2 / Views: 1,956
nickelsearcher Moderator United States 15475 Posts	Posted 12/14/2009 9:24 pm Folks, I have joined the PCGS collectors club in order to certify my new and growing collection of MS classic US Commemorative. I need your help to understand how you manage the 'declared value' portion of the application .... and the associated fees you pay to the TPG (PCGS in this case). Here is a specific example that I am currently faced with ..... I have in my hands a lovely (to me) MS 1936-S Bay Bridge half-dollar. I believe it will grade between MS64 to MS65 ..... and there lies my huge dilemma ..... what 'declared value' and associated fee to PCGS to pay for the TPG? At MS64 ... this is a $200 coin .... eligible for 'economy' grading at $18 a coin. At MS65 .... this is a $394 coin .... and needs to be submitted as a 'regular' ... at $30 for grading. I want to be fair both ways ..... pay what is due to PCGS .... but do not want to overpay if I can get a coin submitted at lower grading cost. If I knew the grade in advance I would not need PCGS .... sooooo ... How do you deal with this? I appreciate all replies. Thanks David Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff

Saruma Pillar of the Community United States 968 Posts	Posted 12/14/2009 10:02 pm I'm no expert in this, but given the situation you present I'd definitely say you should send it in as a $200 coin and pay for economy grading. Chances are they will grade it no problem, and worst case they just tell you it has a higher value and you need to pay the difference. Report this Post to the Staff
SeatedNut Pillar of the Community United States 2797 Posts	Posted 12/15/2009 09:38 am nickelsearcher, It's a double-edged sword. If your coin is lost on it's way to PCGS insurance will cover your stated value. If you declare the higher value for insurance and submit for grading at the lower value, you may have some issues. PCGS will insure it at its graded value on the return. I think you are within reason to submit this for economy grading. I sent a Morgan in last year that I thought was a lock for MS65. It was a common date and eligible for economy grading. It came back MS66 (now an $800 coin) and I paid no addional fees. Report this Post to the Staff
	Replies: 2 / Views: 1,956

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.2 seconds to rattle this change.