I applaud PCGS for the good it has done
Bear
Posts: 18,953 ✭✭✭
It is so very easy to find the faults of any large company. They can be irritating and
annoying to many people. However, we must never lose sight
of the good that PCGS has done for the industry, both for the dealers and the collectors.
The constant bashing of this company leaves a very bad taste in the mouths of newbies
who may not remember the treacherous world of collecting that existed before PCGS.
It was every collector for themselves ,agains a wall of misrepresentation, overgrading,overpricing,
doctored and less then ideal coins. With PCGS a new standard of quality came into being. I do
not minimize the changes and evolution that PCGS must undertake, but my worst fear is for
a coin world without PCGS. Everytime the company reaches out to the collector and does something
nice and generous for us ,there are always those who say "yes but". I think we should begin to
say more of THANK YOU PCGS rather then bad dog. I favor very strongly PCGSs attempt to slow
or stop the grade inflation that has been creeping in , due to the crack out artists and the malevolent
coin doctors who are in fact defrauding and stealing money from collectors, for coins that Mother
Nature never intended to look as they do. We as collectors seem to have a love/hate relationship
with PCGS even as they provide these Forums ,which so many use to criticise and bash them.
I remember what it was like some 30 years ago for collectors, and I for one say thank heaven
for PCGS, for providing a level of confidence in the quality of the coins we purchase and enjoy.
I spent over 600 dollars on same day grading and received two cross overs. It was not a particularly
profitable endeaver for me at the LB show, and yet it was my small way of saying thank you for
a difficult job that is being done well. Not perfect mind you ,but well enough to instill confidence
against the roller coaster rides that affected the value of coins and the number of collectors in the
not so pleasent past. Sometimes a majority starts with but a single voice. The little bear
annoying to many people. However, we must never lose sight
of the good that PCGS has done for the industry, both for the dealers and the collectors.
The constant bashing of this company leaves a very bad taste in the mouths of newbies
who may not remember the treacherous world of collecting that existed before PCGS.
It was every collector for themselves ,agains a wall of misrepresentation, overgrading,overpricing,
doctored and less then ideal coins. With PCGS a new standard of quality came into being. I do
not minimize the changes and evolution that PCGS must undertake, but my worst fear is for
a coin world without PCGS. Everytime the company reaches out to the collector and does something
nice and generous for us ,there are always those who say "yes but". I think we should begin to
say more of THANK YOU PCGS rather then bad dog. I favor very strongly PCGSs attempt to slow
or stop the grade inflation that has been creeping in , due to the crack out artists and the malevolent
coin doctors who are in fact defrauding and stealing money from collectors, for coins that Mother
Nature never intended to look as they do. We as collectors seem to have a love/hate relationship
with PCGS even as they provide these Forums ,which so many use to criticise and bash them.
I remember what it was like some 30 years ago for collectors, and I for one say thank heaven
for PCGS, for providing a level of confidence in the quality of the coins we purchase and enjoy.
I spent over 600 dollars on same day grading and received two cross overs. It was not a particularly
profitable endeaver for me at the LB show, and yet it was my small way of saying thank you for
a difficult job that is being done well. Not perfect mind you ,but well enough to instill confidence
against the roller coaster rides that affected the value of coins and the number of collectors in the
not so pleasent past. Sometimes a majority starts with but a single voice. The little bear
There once was a place called
Camelot
Camelot
0
Comments
Frank
<< <i>It was every collector for themselves agains a wall of misrepresentation, overgrading,overpricing,doctored and less then ideal coins. >>
I understand your point Bear, but it has been going back to the above quote little by little. Actually imo we are back to those days now. Many made a killing through the years of crackouts and upgrades. It's run it's course and now everyone is upset they can't make the easy money anymore. Well I say join the rest of the world.
--------
Howdy from Houston...
Can't keep my eyes
from the circling skies
Tongue tied and twisted
Just an earthbound misfit,
I
">my registry set
what a bargain.
K S
Now- is it true PCGS's Economy is estimated to take 100 days now?!
peacockcoins
The parent company's losses seem to be accelerating - pretax operating loss was $1.5M last quarter. One of the most respected numismatists of our time is unceremoniously dumped. A CEO is hired from a company that has bled red ink. Dealers - not crackout artists, but retail dealers - are up in arms over the recent turn in grading. Quality coins that PCGS once had a monopoly on are now in NGC * holders. The attitude that it's ok to frustrate your customers because "they keep submitting". Manipulation of modern populations [ie: an apparent policy of no 70's for a long time and then a quota on 70's]. The attitude that NGC coins are there for the "raping" and then that "all NGC coins are overgraded". The ever increasing premium for PCGS holders because of the tight supply - which leads to gross premiums being paid for coins that simply don't warrant the grade under anybody's standards, let alone coins graded a few years ago that if cracked and resubmitted now would be two or three grades lower.
PCGS has received much respect in the past. But being known as the ubertight grading company will NOT be enough to maintain that position in the future.
Todd
800.954.0270
Camelot
what we have charged them to do; assign a net market grade to coins which
vary on many continua.