The “Regrade” service applies to coins that are already encapsulated and graded by PCGS. If a customer feels that their coin may qualify for a newly recognized variety or warrants a different grade, but they do not want to remove the coin themselves, this service may be used. PCGS will receive the coin, note the grade it arrived, remove it from the holder, grade the coin raw. The coin will not return at a lower grade than it was received. If a coin is received as a PCGS MS65, it will be returned to the customer as a PCGS MS65 or higher; never lower.