What's Next For PCGS?

keoj · November 24, 2008 12:11PM

I would like to see PCGS attribute PL and DMPL MS coins other than just Morgans.

Anyone else have any other ideas for PCGS to consider?

keoj

MrEureka · November 24, 2008 12:36PM

They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading.

garsmith · November 24, 2008 12:37PM

I think they should start minting counterfeit Pandas and sell them to China

tombr · November 24, 2008 12:38PM

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading. >>

That's a great idea Andy!

YaHa · November 24, 2008 12:39PM

RyGuy · November 24, 2008 12:40PM

<< I think they should start minting counterfeit Pandas and sell them to China >>

Ahahahahahahaha....

GrumpyEd · November 24, 2008 12:46PM

Drop the club and have a simpler price structure.

Like:

Grade a coin $15
If it's a variety add $15
Add $15 plus $1 per coin for return shiping
For faster service double the total.

Frankcoins · November 24, 2008 2:30PM

Buying back their stock, going private, and serving collectors instead of Wall Street?

Gription · November 24, 2008 2:35PM

i'd like to see a coin that'd deserve a PL/DMPL designation other than a morgan

MikeInFL · November 24, 2008 2:55PM

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading. >>

I would love to see this!

COALPORTER · November 24, 2008 3:02PM

Going private is a great idea.
They could turn into a private not for profit historical preservation company.
Then they wouldn't need to worry about "what's next". There's only so many twist to grading a coin and putting in a holder.

robkool · November 24, 2008 3:10PM

Provide submission forms in other languages besides English, and offer free Tru-views for the rarity/ultra rarity submissions ($200 +)...

storm888 · November 24, 2008 4:16PM

<< Buying back their stock, going private, and serving collectors instead of Wall Street? >>

///////////////////////////

Appears likely.

Recent filings show that Mr. Hall has been buying shares like mad.

pennyannie · November 24, 2008 4:22PM

Chapter 13

At the current prices buying the stock is not a huge gamble. If it crashes you have not lost a lot but if it goes up..... Maybe i ought to..

scoobydeux · November 24, 2008 5:24PM

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading. >>

messydesk · November 24, 2008 10:36PM

<< I think they should start minting counterfeit Pandas and sell them to China >>

But then they'll just come back in fake PCGS holders.

lathmach · November 24, 2008 10:48PM

Attributing more varieties.
With all the good books out now describing the varieties, the numbers of variety collectors is growing rapidly.
If they don't do this and NCG does, it may be their downfall.

Ray

slipgate · November 24, 2008 10:54PM

Remove the 1878P Morgan VAMs from the basic Morgan collection.

Doogy · November 24, 2008 11:07PM

<< Chapter 13

At the current prices buying the stock is not a huge gamble. If it crashes you have not lost a lot but if it goes up..... Maybe i ought to.. >>

Yup, if earnings and their stock price continues to plummet, bankruptcy is right around the corner. I think they will break off and go private soon, to save PCGS from going
down the toliet.

NumbersUsacom · November 24, 2008 11:11PM

Immeadiately begin to grade: Tokens, Medals and So-Called Dollars.

Having done that, coupled with all the Stock buying that David is doing, CLCT should rise up to the moon.

storm888 · November 25, 2008 12:47AM

"...Having a wholesale change in the way grading is done is the only way to significantly increase revenues. Getting "tighter" with market grading is not the solution, as has been evidenced to date."

////////////////////////////////

Yup.

"Market Grading" is the potential ruination of all TPGs, in all collectible categories.

However, the pressure for "high grades" comes from customers and is NOT simply
an element of greed on the part of the TPGs.

19Lyds · November 25, 2008 3:06AM

<< I would like to see PCGS attribute PL and DMPL MS coins other than just Morgans.

Anyone else have any other ideas for PCGS to consider?

keoj >>

I'd like to see them attribute the Friendly Eagle Variety IKE - Reverse Die Variety number 6 (RDV-006) before they do anything else. Its an easily distinguishable and obvious die .variety

19Lyds · November 25, 2008 3:08AM

<< Buying back their stock, going private, and serving collectors instead of Wall Street? >>

PCGS has always been a "Dealers" grading service. Collectors were only allowed in within the past 10 years or so.

19Lyds · November 25, 2008 3:10AM

<< 

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading. >>

I would love to see this! >>

Add 3 days to current turn around times. Better yet, if every coin is imaged, add a full week if not longer due to the increased volume.

MrEureka · November 25, 2008 3:16AM

Add 3 days to current turn around times.

Imaging shouldn't have an effect on turnaround times, except maybe for walkthroughs. In fact, the coins would probably be shot before the graders even see them.

19Lyds · November 25, 2008 3:37AM

<< Add 3 days to current turn around times.

Imaging shouldn't have an effect on turnaround times, except maybe for walkthroughs. In fact, the coins would probably be shot before the graders even see them. >>

Andy, imaging ALREADY adds 5 days to the turn around times which I just verified with Customer Service.

As for photographing everything that comes in, I cannot begin to imagine the handling problems associated with this. And by "handling problems" I'm not referring to the process as much as I am referring to the physical "handling" of each and every coin which comes through shipping and receiving.

As it sits right now, handling is done ONLY by the graders while grading the coin unless TrueView photographs have been requested and then the encapsulators. Add a third step to the handling and you double the odds of getting unwanted fingerprints or, worse yet, damage to the coins.

Frankcoins · November 25, 2008 3:52AM

It’s not cheap to be a public company. Look at with Sarbanes-Oxley and its impact on the costs of regulatory compliance, plus in order to be public you need accountants, auditors, PR firms, investor relations staff, not to mention a group of senior managers that spends time dealing with wall street, investment firms that know nothing about coins, and the nosey analysts. Plus you have to publish private financial infomation about the owners, make all your plans and missteps available to the public and the competition, Who needs such hassles and expense. Even companies MUCH larger than CLCT have been going private.

Cladiator · November 25, 2008 3:56AM

Outsourcing grading and encapsulation to Mexico, customer service to India.

Longacre · November 25, 2008 3:59AM

<< It’s not cheap to be a public company. Look at with Sarbanes-Oxley and its impact on the costs of regulatory compliance, plus in order to be public you need accountants, auditors, PR firms, investor relations staff, not to mention a group of senior managers that spends time dealing with wall street, investment firms that know nothing about coins, and the nosey analysts. Plus you have to publish private financial infomation about the owners, make all your plans and missteps available to the public and the competition, Who needs such hassles and expense. Even companies MUCH larger than CLCT have been going private. >>

I think this is an idea, too. With stock prices so cheap, there are lots of companies that can be had for a song (even taking into account the premium you might need to pay to current shareholders, which would still be less, all-in, from what prices were 9 months ago). The issue is raising capital, but with a good business proposition, I am sure TradedollarNut will loosen his purse strings and back the venture.

500Bay · November 25, 2008 4:02AM

Grade and guarantee authenticity of ancient coins.

Swipe the new market NGC is creating right out from under them.

DennisH · November 25, 2008 4:30AM

I'd like them to show what stage of the process an order is in when you do an on-line status check.

MrEureka · November 25, 2008 4:33AM

Outsourcing grading and encapsulation to Mexico, customer service to India.

I was under the impression they already did that.

RWB · November 25, 2008 4:40AM

Why not hold a “National Numismatic Crackout Day?” Collectors would smash open all their plastic coins slabs, then resubmit everything for a new grade and a new, higher fee. The TPGs could body bag everything several times before finally putting a “grade” on each coin.

Or – do a deal with the mint so that all circulation coins would be graded and slabbed…might make putting a quarter in the soft drink machine a trifle awkward….

These ideas would certainly boost sales.

rpw · November 25, 2008 6:35AM

What's Next For PCGS?

First Strike designation for the "Obama Dollars?"

MrEureka · December 8, 2008 8:13AM

They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading.

Unfortunately for PCGS, NGC will do this first.

kieferscoins · December 8, 2008 8:21AM

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading.

Unfortunately for PCGS, NGC will do this first. >>

Way to go NGC!

Cameron Kiefer

DoubleEagle59 · December 8, 2008 8:21AM

<< I would like to see PCGS attribute PL and DMPL MS coins other than just Morgans.

Anyone else have any other ideas for PCGS to consider?

keoj >>

I prefer the Canadian grading of:

Cameo, Heavy Cameo; Ultra Heavy Cameo.

Seems a whole lot simpler this way.

coindeuce · December 8, 2008 9:11AM

Apparently everyone responding here previously is not paying attention to the big picture. What say you all about their recent announcement about promoting their services in China? My take is that D.H. and D.W. recognize that the market for their services has huge potential with the Asian collector market. With the possible revenue generated in China alone, the speculation about PCGS going private again seems rather far fetched.

LeeG · December 8, 2008 9:21AM

<< They will provide free imaging for all submissions other than bulk and economy. They'll do this as a defense against counterfeit slabs, but also to facilitate virtual collecting and actual trading.

Unfortunately for PCGS, NGC will do this first. >>

DGS has been doing this for many month's now:

AuthentiVIEW™ technology

FatMan · December 8, 2008 9:38AM

Consistent grading.

Zoins · December 8, 2008 12:20PM

<< Immeadiately begin to grade: Tokens, Medals and So-Called Dollars. >>

It would be nice to see some of these in PCGS plastic.

What's Next For PCGS?

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