Yes, lucky for the purchaser in 2008 when it was downgraded that the PCGS guarantee still covered copper. PCGS made the purchaser "right" with a check to the tune of $15,000... If that happened today, PCGS' guarantee no longer covers copper. That single coin is one of the main reasons they changed their policy. Of course, $15,120 for a coin struck by the billions was a completely stupid price to begin with -- that money would have likely been better spent by the purchaser by having his head examined by a neurologist. No argument there.. Technically, it is not even copper... It is copper coated zinc....