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#11
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Keeping a red cent red.
I don't see how they can guarantee color. Everyone knows
that "coin doctors" can manipulate color in various ways to make higher-priced "rainbow" toning, because the PCGS slabs are at least a little porous, not air tight. Why let the coin doctors experiment and have PCGS pay for mistakes? The chemicals that tone coins are in the air. There are more of them in moist air than dry air. So you have basically three options: 1. Dry your air by using dessicants, commerically available from places like Brent Krueger. 2. Buy Intercept Shield products, or their equivalent. These products have a protective layer that is designed to stop contaminants from getting to the coin. I have some, and they work great. 3. Remove the air by getting a vacuum sealing device. |
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#12
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Keeping a red cent red.
On Aug 20, 6:03*pm, "don't look" don't wrote:
"mazorj" wrote in message ... "Ira" wrote in message ... NGC has a *color gurantee on copper coins slabbed recently in holders which show a dark gray band on all sides of slab. Guarantee is ten years from date of slabbing. I won't comment on whether the guarantee is generally honored in the real world. PCGS has a grade and color guarantee since their inception in 1986. I have used their guarantee many times over the years and they have always come through. Nuff said. Ira How do they "come through" for you? *Presumably they can't restore the coin to its original red condition. I didn't realize PCGS had a color/designation guarantee.I thought it was a grade guarantee. I think PCGS guarantee is they will buy the coin at the price of the grade on the label(if it's regraded lower by them) or they will reimburse the difference in value between what the label says and what the new designation is. Correct,Ira? That is correct. If a Red turns RB, they will either regrade at the new designation and pay you the difference or buy it out right and pay you the approx. current market value. Submitted chooses which one he'll accept. Quite fair I think. PCGS has been badly hurt by the coin doctors, paying out millions of dollars last year alone. That is just the tip of the iceberg. Many coins which have "turned" are in safe delist boxes or safes and the owners have no idea what has happened to their once red coin. You can be sure. the heirs won't have a clue either. Ira |
#13
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Keeping a red cent red.
Ira wrote:
On Aug 20, 6:03 pm, "don't look" don't wrote: "mazorj" wrote in message ... "Ira" wrote in message ... NGC has a color gurantee on copper coins slabbed recently in holders which show a dark gray band on all sides of slab. Guarantee is ten years from date of slabbing. I won't comment on whether the guarantee is generally honored in the real world. PCGS has a grade and color guarantee since their inception in 1986. I have used their guarantee many times over the years and they have always come through. Nuff said. Ira How do they "come through" for you? Presumably they can't restore the coin to its original red condition. I didn't realize PCGS had a color/designation guarantee.I thought it was a grade guarantee. I think PCGS guarantee is they will buy the coin at the price of the grade on the label(if it's regraded lower by them) or they will reimburse the difference in value between what the label says and what the new designation is. Correct,Ira? That is correct. If a Red turns RB, they will either regrade at the new designation and pay you the difference or buy it out right and pay you the approx. current market value. Submitted chooses which one he'll accept. Quite fair I think. PCGS has been badly hurt by the coin doctors, paying out millions of dollars last year alone. That is just the tip of the iceberg. Many coins which have "turned" are in safe delist boxes or safes and the owners have no idea what has happened to their once red coin. You can be sure. the heirs won't have a clue either. PCGS was set up at the Chicago International Coin Fair this past spring and had two showcases full of coins they "had" to buy. They represented a mixture of color changes, coins later discovered to be fakes, and a number of toolings that the graders had failed to detect. Pretty sobering stuff, that. James |
#14
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Keeping a red cent red.
"Ira" wrote in message ... On Aug 20, 6:03 pm, "don't look" don't wrote: "mazorj" wrote in message ... "Ira" wrote in message ... NGC has a color gurantee on copper coins slabbed recently in holders which show a dark gray band on all sides of slab. Guarantee is ten years from date of slabbing. I won't comment on whether the guarantee is generally honored in the real world. PCGS has a grade and color guarantee since their inception in 1986. I have used their guarantee many times over the years and they have always come through. Nuff said. Ira How do they "come through" for you? Presumably they can't restore the coin to its original red condition. I didn't realize PCGS had a color/designation guarantee.I thought it was a grade guarantee. I think PCGS guarantee is they will buy the coin at the price of the grade on the label(if it's regraded lower by them) or they will reimburse the difference in value between what the label says and what the new designation is. Correct,Ira? That is correct. If a Red turns RB, they will either regrade at the new designation and pay you the difference or buy it out right and pay you the approx. current market value. Just running down a detail here, but when they buy it from you at "current market value" is that at the value of its former red condition, or the current market value for your now deteriorated brown? |
#15
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Keeping a red cent red.
"mazorj" wrote in message ... "Ira" wrote in message ... On Aug 20, 6:03 pm, "don't look" don't wrote: "mazorj" wrote in message ... "Ira" wrote in message ... NGC has a color gurantee on copper coins slabbed recently in holders which show a dark gray band on all sides of slab. Guarantee is ten years from date of slabbing. I won't comment on whether the guarantee is generally honored in the real world. PCGS has a grade and color guarantee since their inception in 1986. I have used their guarantee many times over the years and they have always come through. Nuff said. Ira How do they "come through" for you? Presumably they can't restore the coin to its original red condition. I didn't realize PCGS had a color/designation guarantee.I thought it was a grade guarantee. I think PCGS guarantee is they will buy the coin at the price of the grade on the label(if it's regraded lower by them) or they will reimburse the difference in value between what the label says and what the new designation is. Correct,Ira? That is correct. If a Red turns RB, they will either regrade at the new designation and pay you the difference or buy it out right and pay you the approx. current market value. Just running down a detail here, but when they buy it from you at "current market value" is that at the value of its former red condition, or the current market value for your now deteriorated brown? Former condition. Not sure if it includes R/B to Brown too. I imagine so. |
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