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PCGS Announcement For Mar.25th.?

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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/26/2010  5:33 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
what happens if someone actually sells a coin and then they decide they want it back and tell PCGS it was stolen? Will they get a call if their coin comes back in the door? What proof will PCGS want to prove there was a coin that had been stolen
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/26/2010  8:04 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
PCGS won't "confiscate" anything. What they will do, now, is provide substantial evidence regarding a coin reported stolen to the police. It's reasonable to expect law enforcement to provide PCGS serial numbers reported stolen, especially if the owner knows the coin is protected and provides that information. Should such a coin turn up in PCGS' hands, they'd obviously contact the venue it was reported stolen from and hold it only until secure evidential transfer can be arranged. The technology to prove with near-100% surety that a given coin is the one you've previously scanned has existed for a decade or more.
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wheatguy's Avatar
United States
1534 Posts
 Posted 03/26/2010  8:10 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
NGC is also now doing the plus system.
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Conder101's Avatar
United States
17884 Posts
 Posted 03/30/2010  09:01 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Wonder if they will ever have a way for owners of a coin (after the original submitter) to register that they own the coin now.

Registry sets.


Quote:
including whether or not PCGS would be able to legally confiscate a coin believed to be stolen


Quote:
What proof will PCGS want to prove there was a coin that had been stolen

Answering the second quote first, a copy of the police report of the theft with the serial numbers listed.
PCGS would notify the police dept from where the report was made and the police would handle the recovery. They would either direct PCGS to sieze the coin and send them to the police where the report was made or they may arrange for the local police to come pick up the stolen coins.


Quote:
The technology to prove with near-100% surety that a given coin is the one you've previously scanned has existed for a decade or more.

More, the digital fingerprinting for positive identification was a part of PCGS's Expert System back in 1991.
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steve199's Avatar
United States
1882 Posts
 Posted 03/30/2010  1:50 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
Registry sets.


Well, I was talking about proving ownership, and PCGS holding on to coins after being notified by someone who CLAIMS to own a coin that they've been stolen.

But you're comments on police reports covers that.
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vermontensium's Avatar
United States
16679 Posts
 Posted 04/06/2010  11:00 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply

Quote:
A "great for the grade" designation which pretty much makes CAC useless for new submissions

My thoughts exactly. I didn't care for CAC anyway.
swcoin.ecrater.com
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