What would happen to the coin business if PCGS went out of business? Opinions please!

cary1952

Let me know what you think!

Bear

Termoil as other TPG move to fill the gap.

Their might be a change is grading standards

as well as pricing calculations. The loss of industry

stability is never a good thing.

kieferscoins

It would be gradual if PCGS went out of business....ie NGC stealing market share etc. which wouldn't casue to much problems if more people were sending to NGC. No doom and gloom like some people would like to think.

Cameron Kiefer

AValde

NTC will be king and Saddam will be our president.

MrEureka

Nothing would happen to the coin business. The plastic business would suck, though.

Dorkkarl

solid

Some entity would buy PCGS before it just simply shut the doors. The
name is too valuable, not to mention the cash flow and profit.

As Cameron suggested, a gradual decline is always possible, but it
would take years of neglect for that to happen.

kieferscoins

Oh the horror! Where would I get my free flips without the PCGS coin forums?

Greg The Great

fivecents

If PCGS went out of business.....NGC would branch out and open up shop in Newport beach, CA. and be the #1 undisputed TPGS.

Conder101

<< <i>Some entity would buy PCGS before it just simply shut the doors. The
name is too valuable, not to mention the cash flow and profit. >>


Yeah, there's still room in Florida for another grading firm.

michael

MrEureka
Master Collector

Posts: 5152
Joined: Jan 2003
Tuesday November 30, 2004 9:47 AM



Nothing would happen to the coin business. The plastic business would suck, though.

Dorkkarl

-------------------------
Andy Lustig

EurekaTrading.com

R.M. Smythe

USPatterns.com

Bikingnut

Collectors would have to go back to the old way of collecting? Buying the coin and not the holder.

Newmismatist

NGC would raise its fees!

SarasotaFrank

there would be less to beatch about

dixfer

What would happen to the coin business if PCGS went out of business?

1) The same thing that happened to the airline business after 1901.
2) The same thing that happened to the IRS after 1862.
3) The same thing that happened to commercially sold art after 11,000 B.C.
4) The same thing that happened to stop signs after 1928.
5) The same thing that happened to birth control after Adam and Eve.

The Universe is expanding.....with or without Collector's Universe.

nwcs

<< <i>NGC would raise its fees! >>

That's the most likely. And people would just migrate to NGC. And NGC would hire a couple of the PCGS graders and the other graders would simply be dealers again. No biggie.

BAJJERFAN

I'd be a hangin on to those PCGS slabs I already own.

Conder101

Any PCGS slab offered for sale would suddenly become one of the "They sure goofed when they called that a XX" coins and be discounted. The only way the owners will be able to recover a better price will be by crossing them over to NGC. After a few years a PCGS slab will be looked upon as any other old third tier slab company product.

Barry

Wouldn't happen. The PCGS name has value and would be sold in the event of a bankruptcy. There's always a chance that it could suffer the same fate as PCI, but then the new owner would lose that value of the name for which he paid.

jdimmick

I dont see it happening, but if so, and nobody wanted PCGS coins. I would break them all and send them to NGC!

Might even get some in higher grade holders?

GoYankees

PCGS slabs might be treated like old 10 digit green PCI.

A hot debate: NGC vs. ANACS.

Dorkkarl would be happy: one less slabber in the numismatic world.

Nysoto

Collectors Universe is on a roll. Earnings are up, stock is up. To keep wall street happy PCGS will have to increase earnings. Submissions will have to continually increase, this can be accomplished by continued subtle grade inflation, with incentives of upgrades for those who submit. It is inevitable that the ownership of Collector's Universe will change someday, but for those who collect coins and not plastic holders, it won't matter.

MadMonk

PCGS slabs might become desireable depending on the series. Hallmark is an example. They graded fairly conservatively, and in my areas of interest, I always seek them out, and normally purchase what I find.
A few years ago, my opinion was that PCGS was far superior to NGC as they apply to Franklins. I could get a PCGS 64 to get an NGC 65 fairly easily. They seem to be more on par these days.

ksteelheader

<< <i>What would happen to the coin business if PCGS went out of business? >>




What will happen to the coin business when PCGS goes out of business?

Sunnywood

Answer: moderns would become worth no more than face value.

Hehehehe

Best,
Sunnywood

cladking

<< <i>Answer: moderns would become worth no more than face value.

Hehehehe

Best,
Sunnywood >>



These were being collected before the grading services started. Rare moderns were
trading for high prices back when the grading services refused to grade them. Due to the
fact that surface conditions and originality is much less of a factor with moderns than
with classics they might actually do better.

Of course, it's highly improbable that this would come to pass and in all liklyhood a new
company would move in to fill the void.

topstuf

It would not go out of bizz until AFTER it changed hands.

Then the seller would open a NEW service that called stuff even tighter and begin a new rush to the tightest standards in the world.

An infinite number of times until the ultimate service would adopt a policy that if a coin has left the die it is circulated.

And should THAT happen, people would have to revert to collecting coins.

BowTieCoins

It would suck!

Katrina