PCI update for all of you PCI fans

Myqqy

I read this today on a ebay auction listing.... read it and weep y'all...


IMPORTANT NOTE: The wait is over, PCI, Inc. Coin

Certification Service has finally completed its move

into their new North Georgia State-Of-The-Art

facilities! It is located in Rossville, GA, just south of

Chattanooga, TN. More important than the physical

move is the hiring of a new team of coin graders with

decades of coin grading and certification experience.

Effective March 2004, all coins graded by PCI are on

par with coins graded by PCGS and NGC. Unless

otherwise noted, all PCI certified coins that I sell fit

the new set of rigorous standards that are now in effect.

Sphinx357

Well that's one way to steal some of PCGS's business.

Goldfinger

PCI: "Effective in March 2004, We Will No Longer Suck."

Russ

<< <i>Effective March 2004, all coins graded by PCI are on

par with coins graded by PCGS and NGC >>





Russ, NCNE

Sphinx357

Now watch as the PCI turnaround time goes up. They charge less there don't they?

kamehameha00

Lets just hope they're a little better...

Wolf359

I don't see this as bad news or something to make fun of.

Hopefully they can pull it off. It's really better for all collectors and dealers.

Russ

<< <i>I don't see this as bad news or something to make fun of. >>



So, you believe something posted in an eBay listing by a seller of PCI graded coins?

Russ, NCNE

Myqqy

I'm not necessarily trying to make fun of PCI- I just know that they have a huge mountain to climb if they want to win back any confidence and trust in the numismatic community.

Numismanic

<< <i>the hiring of a new team of coin graders with

decades of coin grading and certification experience. >>

Goldfinger

I think it's one thing if a new grading service came along to compete with PCGS. If respected numismatists started a new service, adhered to a high standard, and provided quality service at a competitive price, why not?

It's another thing entirely when a poor service attempt to change a well-earned poor reputation. The reservoir of goodwill is already dry. It will be a long time before that kind of reputation can be rehabilitated.

kieferscoins

First part is good but then it switches to a selling aspect: "Unless otherwise noted, all PCI certified coins that I sell fit the new set of rigorous standards that are now in effect."

So all the previous buyers got screwed?

Cameron Kiefer

airplanenut

Remember, PCI was once a very strict company. If I were them, though, I'd dump the gold label so people can see what the new PCI is.

Jeremy

nwcs

The more important question is whether the statement on the seller's auction is correct.

nwcs

Well, I think I figured it out... Here is PCI's Web Site. All they say is:

"The wait is over, PCI, Inc. Coin Certification Service has finally completed its move into their new North Georgia State-Of-The-Art facilities! Please make sure that you update your address books and ship your submissions to our new location, Below is our new contact information."

I have a feeling we have some freelance stuff going on here. Apparently they are also starting a web site to sell PCI coins. Sounds like something similar to what DHRC was here.

GoldCoinLover

Before there was a website, how could you've ordered from them?

PS: Here's what the offical PCI website says about its "high quality":

"With well over a decade of offering the highest industry standards of quality service in the grading and certifying of fine collectables for discriminating collectors and dealers, we at PCI remain the international price and service-leader with our certified encapsulation service.

Our new and innovative ideas and technologies are setting the pace for third party grading. We have come to rely upon business practices that you can consistently count on. Your coins will be accepted, authenticated and graded at the lowest rate and the fastest turn around time of any service ..
Guaranteed !"

jcping

They had better to send their new graders to "PCGS World Series of Coin Grading" and win the grand championship

Russellp23

Let's not knock them, intead wait for the results. Why the knocking of other grading companies anyway? Leads toward alienation of current memebers, as we've seen. I love seeing other peoples coins and things that are going on in the nurismatic world. Let's try not to knock others. JMO

Conder101

Interesting, but just how long does it take to "complete" such a move? PCI moved to Rossville a year ago. And the two cities from what I understand are VERY close to each other.

K6AZ

Yeah right. For anyone who believes this load of BS, I have a bridge for sale.

Russ

<< <i>Why the knocking of other grading companies anyway? >>



Because "grading" services like PCI and the sellers who hawk their product are ripping off the uninformed.

Russ, NCNE

Wolf359

So, you believe something posted in an eBay listing by a seller of PCI graded coins?

I don't know what the source is. If that's the only source then this blows dead bears. Otherwise, I'll wait and see.

mnmcoin

While I wish them all the luck in the world, it is probably too little, too late. You can't unring the bell so to speak, especially when there are probably well over a million or two of their slabs out there.

If they were serious, they should have changed the name, like Pacific "Crap" Bell (now known as SBC, because they were soooo bad in my opinion) did.

Third party grading is a little like raising your children...to be successful you can't give in easily. You have to be stearn and be consistant.

It would be nice to have a new third party grading company come along, with no ties to another coin retail sales business, as tight and consistant as can be and with excellent customer service. Someone who doesn't pander to anyone. Although it would kinda be like a new soda pop company trying to dethrone Coke and Pepsi. But I think it can be done, if you had smart, dedicated people. People that could afford to build the business slowly and properly, with out having to lay down for a few choice clients.

morris <><