PCGS Gold Shield Grading Lifetime Guarantee of Grade and Authenticity – Chinese and World Banknotes
PCGS Gold Shield Grading guarantees that all Chinese and World notes submitted to it shall be graded in accordance with the PCGS Banknote Grading standards and under the procedures of PCGS Gold Shield Grading. In addition;
- All Chinese and World notes graded and encapsulated by PCGS Gold Shield Grading are guaranteed genuine.
- The grade of all Chinese and World notes graded and encapsulated by PCGS Gold Shield Grading is guaranteed.
In the event the purchaser of a Banknote certified by PCGS Gold Shield Grading believes that the note has been overgraded with respect to such standards and procedures, or is non-authentic, he may submit such note to PCGS Gold Shield Grading through the PCGS Gold Shield Grading “Guarantee Resubmission” procedures and PCGS Gold Shield Grading will re-examine the note to determine the note's grade and authenticity.
If the grade determined under such “Guarantee Resubmission” procedures is lower than the grade originally assigned to the note, or if the note is found to be misattributed, non-authentic, PCGS Gold Shield Grading shall pay the current market value (up to $10,000) for the note in question at the originally assigned grade, or at the owner of the note's option, the difference between the current market value for the note in question at the newly established grade and the current market value of the note in question at the grade originally assigned (up to $10,000). PCGS Gold Shield Grading will also refund the regrading fee and postage and insurance costs incurred by the note owner in sending the note to PCGS Gold Shield Grading. The maximum amount PCGS Gold Shield Grading shall be liable for any single note under the PCGS Gold Shield Grading guarantee of Grade and Authenticity is $10,000. IT IS UNDERSTOOD THAT PCGS Gold Shield Grading WILL BE THE SOLE DETERMINER OF THE CURRENT MARKET VALUE OF THE NOTE AND THAT CURRENT MARKET VALUE IS DEFINED AS DEALER REPLACEMENT VALUE, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE NOTE.
VERY IMPORTANT: CUSTOMER HEREBY CONSENTS THAT ANY LEGAL ACTION TO ENFORCE THIS GUARANTEE OR OTHERWISE ARISING UNDER OR WITH RESPECT TO THIS GUARANTEE SHALL BE GOVERNED BY THE LAWS OF HONKG KONG AND SETTLED BY THE COURTS OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION IN ACCORDANCE WITH THE RULES APPLICABLE AT THE TIME. THE ARBITRATION SHALL BE FINAL AND BINDING. THE LOSING PARTY SHALL BE RESPONSIBLE FOR THE COSTS OF ARBITRATION INCLUDING THE ATTORNEY FEES, UNLESS THE ARBITRATION AWARD STIPULATES OTHERWISE.
This guarantee shall not apply to any note as to which an obvious clerical error has been made with respect to the description of the note. This guarantee shall also not apply to any note which has been removed from the PCGS Gold Shield Grading holder or any note for which the PCGS Gold Shield Grading holder shows evidence of tampering. This guarantee shall not apply to any note which has been environmentally damaged due to improper storage or natural disasters such as fire and flood. Further, this guarantee shall not apply to notes exhibiting environmental deterioration subsequent to certification, including spotting on modern notes.
How to Use the PCGS Gold Shield Grading Guarantee
If you have a note that you feel is overgraded or counterfeit, call PCGS Gold Shield Grading Customer Service and they will help you fill out the proper submission forms. For approximate turnaround times, please ask a PCGS Gold Shield Grading Customer Service Representative. After PCGS Gold Shield Grading examines your note, if we feels your note has been overgraded or is counterfeit, you will be contacted by phone or email and given the current market values so you can decide which of the repayment options you wish to use. If PCGS Gold Shield Grading determines that the original grade is correct, your note will be returned to you with the original grade and you will be responsible for the regrading fee and postage charges.
What the PCGS Gold Shield Grading Guarantee Does Not Cover
The following is further explanation of what the PCGS Gold Shield Grading Guarantee does not cover.
Clerical or "mechanical" errors. PCGS Gold Shield Grading occasionally makes clerical errors in inputting data which is shown on the insert in the PCGS Gold Shield Grading holder; consequently the PCGS Gold Shield Grading Guarantee does not cover obvious clerical errors, what we call "mechanical errors." The key concept is how obvious the error is to the naked eye. If you can easily tell just by looking at the note that the description on the holder is wrong, then the note/holder combination is not covered by the PCGS Gold Shield Grading Guarantee. Some examples would include the following:
- A date listed on the holder that does not match the date or catalog number of the note.
- A grading designation that is obviously incorrect.
- A variety attribution that is obviously incorrect.
- A blatantly obvious clerical input or printing mistake with respect to the actual grade of the note
Notes Removed From PCGS Gold Shield Grading Holders. The PCGS Gold Shield Grading Guarantee does not apply to notes removed from PCGS Gold Shield Grading holders. There are no exceptions to this policy. You remove a note from a PCGS Gold Shield Grading holder at your risk.
Notes that have tampered or counterfeit holders. Unfortunately, some unscrupulous people occasionally try to defraud people by removing notes from PCGS Gold Shield Grading holders, replacing them with less valuable notes and then resealing the holders. Most of these "reholders" are crude and obvious. Some are more sophisticated. There are also those who counterfeit PCGS Gold Shield Grading holders. The PCGS Gold Shield Grading Guarantee does not apply to notes that are in holders that have been tampered with. Nor does the PCGS Gold Shield Grading guarantee cover notes in counterfeit PCGS Gold Shield Grading holders.
Notes that are environmentally damaged. The PCGS Gold Shield Grading holder, while excellent for long term storage and protection, does not protect notes from harsh environmental conditions. Consequently, the PCGS Gold Shield Grading Guarantee does not apply to notes which have been environmentally damaged. For example, if your notes are damaged in a flood or fire, the PCGS Gold Shield Grading Guarantee would not apply to those notes. This also applies to notes stored in environmentally risky locations (high humidity, see next paragraph.)
Notes exhibiting environmental deterioration. The PCGS Gold Shield Grading Guarantee does not apply to notes exhibiting environmental deterioration subsequent to PCGS Gold Shield Grading encapsulation and grading.