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just started
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Started by Mance,

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Mance

Mance

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Posted
just started

I'm about to fill out my first submission form and I just wanted to know what to put on Declared Value... Don't understand... Does that means the comic book cover price or something else?

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valiantman

valiantman

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Posted (edited)
18 hours ago, Mance said:

just started

I'm about to fill out my first submission form and I just wanted to know what to put on Declared Value... Don't understand... Does that means the comic book cover price or something else?

If the books are lost/damaged on the way back to you, after they are graded, how much money will you be owed from the insurance?

You can put $5, if you paid $5 for the book... but once it is CGC graded and gets a 9.8, if it is lost then the insurance will pay you $5.

 

If you say that books clearly worth $1,000 are worth $5, then CGC will catch it and charge you the correct grading fees.  Then when the book is lost, the insurance will pay you $5.

Edited by valiantman
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Mance

Mance

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18 minutes ago, valiantman said:

If the books are lost/damaged on the way back to you, after they are graded, how much money will you be owed from the insurance?

You can put $5, if you paid $5 for the book... but once it is CGC graded and gets a 9.8, if it is lost then the insurance will pay you $5.

 

If you say that books clearly worth $1,000 are worth $5, then CGC will catch it and charge you the correct grading fees.  Then when the book is lost, the insurance will pay you $5.

Got it... Thanks alot...

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