J.T. Stanton has left PCI

Frankcoins

Just talked to him last week, and he was really upset about the ebay policy lumping his company's slabs alongside "Star Grading Service" and "new-Mistrust"

Link

commoncents05

Wow. I'll bet that's bad for PCI.

-Paul

cmerlo1

That's a shame. They really needed him to help their image. On the other hand, maybe he'll have time for CPG vol. 5!!

--Christian

Rampage

I am sorry to hear that. I think JT Stanton being there was a good thing for the company. I agree, they should not have been lumped in with SGS and NTC and them others. They are many steps beyond the others.

bidask

They should have educated ebay about their company.

Barry

It's odd that they advertise on there web site that a key employee has left. How many companies do something like that?

While they might be a step above SGS, that one step means they have a long way to go to climb out of the basement. Personally, I believe once a company's reputation is shot, for good reason, it's virtually impossible to recover.

Bochiman

It's not like their reputation has suddenly taken a turn for the worst. Their reputation has been the same for at least 5 years (since I got back into the hobby) and he should have known it unless the salary was more than enough to turn him deaf, dumb, and blind.

He may be good at what he does, and others may like him, but I have no sympathy for him, nor respect for his decision to be at PCI then leave and use Ebay's new policy as the reason. Maybe he should have worked at correcting PCI before the decision...or leaving before the decision if he wasn't happy that nothing was changing.

lathmach

So who's running the show there now?

Ray

fc

pci consistently overgrades half eagles. i have not seen enough
of the old slabs to even have a slightly positive attitude towards
them. the only thing i apprecaite about them is the red slab that
warns people of really bad coins... but boy, it has to be a turd
to get into one of those.

bushmaster8

Wise move. He shoulda pushed for a name change when the other guy croaked.

Connecticoin

<< <i>pci consistently overgrades half eagles. . >>



PCI consistently overgrades everything. Instead of crabbing about Ebay, he should have taken this as an opportunity to tighten standards to what the old "Green Label" PCI was. Of course, this could run them out of business, as they would lose all their customers expecting their coins to be overgraded.

Manorcourtman

Bummer.

Unknown

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mrearlygold

Essentially raw coins in a plastic holder that means nothing .

TomB

Was he somehow surprised that PCI might not be trusted?

Longacre

Buy the coin, not the grader.

Cameonut

Let me get this right. A guy with what used to be decent integrity joins/buys a TPG with fluctuating integrity - but is consistently in a downward spiral. No surprise to me that an exit was in the mix once he figured it out. The new PCI is NOT the old PCI.

And this is the same guy that forced us to wait for years for the CPG.

He might be a nice guy and have gone thru some medical issues, but sheesh.

messydesk

<< <i>Was he somehow surprised that PCI might not be trusted? >>


Probably not, but now he doesn't have a chance to set the company right, since eBay's policy will kill their business.

NumisOxide

That was quick!

EagleEye

That is too bad. JT is a stand-up guy and his signature series idea was solid. I know the 60 or so coins that got my signature were correctly graded. Now they are rare holders.

Russ

<< <i>he was really upset about the ebay policy lumping his company's slabs alongside "Star Grading Service" and "new-Mistrust" >>



Well, boo hoo.

Russ, NCNE

pharmer

He must have seen that Simpson's episode where Homer tells Bart, when the going gets tough, give up.

coppercoins

<< <i>That is too bad. JT is a stand-up guy and his signature series idea was solid. I know the 60 or so coins that got my signature were correctly graded. Now they are rare holders. >>



Ditto with the 125 or so Lincoln cents I attributed and graded.

Unknown

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Newcomp103

I got to meet him in Charlotte earlier in the year and he personally atttributed a 5-Leg Buffalo for me. Considering that he was working with some respected folks on this forum(like Mr. Daughtrey and Mr. Snow), he obviously was trying to turn PCI back to being at least acceptable in the market. I wish him the best in whatever he does. Anyone know who is going to replace him at PCI or what he is going to do?

RBinTex

Maybe now he can FINALLY update the 1/2c-5c CPG!

Cameonut

<< <i>Maybe now he can FINALLY update the 1/2c-5c CPG! >>



I just choked on my donut!!!

Should be done about 2011.

sTONER

IT,S A NEW DAY AT PCI,,

goose3

<< <i>Maybe now he can FINALLY update the 1/2c-5c CPG! >>

Connecticoin

<< <i>He must have seen that Simpson's episode where Homer tells Bart, when the going gets tough, give up. >>

Connecticoin

Frankcoins

<< <i>JT may be a stand up guy but PCI was a low end grading company period ! >>



PCI and SEGS both are listed in Bluesheet, both trade on the exchanges, and both trade at just a bit below ANACS on average. I bought two Arkansas-Robinsons from Coleman Foster at the TNA. One was a PCGS MS64, the other PCI gold MS64. Both were priced at $120. I bought both. There was no difference in quality. To put PCI and SEGS coins in the same class as RAW FROM CHINA is nuts.

notwilight

PCI, the current company, lost a lot of respect in my eyes when they slabbed those accidently-early-released Jeffersons and returned them to the submitter to sell before the mint release date. Rules? what rules? I'm sure the submitter would rather have had PCGS or NGC but they declined. There was a thread on this but I can't find it. Maybe it went south and got nuked.

COINB0Y

"Never give up!"

.........my daughter Madeline, when at age 4, she informed me that Barney, the Purple Dinosaur says so.......she caught me yelling expletives at a half-assembled Wooden Swing Set with missing bolts..

RichieURich

<< <i>

<< <i>Maybe now he can FINALLY update the 1/2c-5c CPG! >>



I just choked on my donut!!!

Should be done about 2011. >>



I will be happy to take the "OVER" on that one!

slabfab

If there were obvious integrity issues between JT and the company, maybe this wasn't his decision. Sometimes companies have a funny way of assigning blame when things get public...Just saying...

coppercoins

Just to clear things up a little...I'm not going to say everything I know because I am not at liberty to do so. I can say that I have been on the phone with JT today, and with PCI today.

JT left the company, they didn't push him out. And yes, the difference between them is that JT wanted to "do what is right" in his opinion, and the company disagreed with his new policies. The company pushed to keep old policies, and JT continually disagreed until it became unbearable to stay.

PCI told me that signature series submissions will still be accepted, and those involved have not indicated disinterest due to JTs absence. Basically, as far as the company is concerned, nothing has changed.

I don't know all the sig. series people, but I do know Rick Snow, and I know that he and I do things the same way. We grade the coins honestly and conservatively, and we properly attribute die varieties to the series we specialize in. Every single slab containing a label bearing our signatures has received this treatment. We do not let slabs go out with our signatures that are overgraded or misattributed. They have gotten labels wrong in my case, and I made PCI correct them before I would sign them.

As for unsigned slabs, older or newer, I cannot speak for PCI and their grading opinions. I only answer for my signature, which is original and in purple pen on every single label for which I have seen and graded a coin...no exceptions.

slabfab

Thanks for clearing that up, I probably should not have speculated. I left a company last year for which I had worked for nearly 25 years for similar reasons, so I completely understand.



<< <i> Basically, as far as the company is concerned, nothing has changed.
>>



...and that is indeed unfortunate.

coppercoins

<< <i>Thanks for clearing that up, I probably should not have speculated. I left a company last year for which I had worked for nearly 25 years for similar reasons, so I completely understand.



<< <i> Basically, as far as the company is concerned, nothing has changed.
>>



...and that is indeed unfortunate. >>



Clarification: Nothing has changed regarding the signature series program and its existence into the future.

Smittys

Coppercoin, just out of curiousity. Why did you go with PCI, with their track record and
considering the past Non-error and varieties they have certified as such?

coppercoins

You should also note that ANACS will slab using the system I authored, but do not have signature requirement nor do I personally attribute the coins in many cases.

In addition it should be noted that I do not work for PCI - I am a consultant. The coins graded with my signature are personally graded by me.

The reason I am doing the signature series for PCI is because I was personally approached. No other grading service has approached me for assistance.

PCGS nor NGC have any interest in my services to my knowledge, and ICG said using my system would be over the top with the other systems that are already out there. I received basically the same response from SEGS. I have never approached any other service to get my system recognized.

Connecticoin

Coppercoins, thanks for the clarification.

I did not know that PCI contracted with outside attributers, as well as using JT. If the attributed coins were indeed properly graded, it is too bad they did not apply these standards across the board.

coppercoins

<< <i>Coppercoins, thanks for the clarification.

I did not know that PCI contracted with outside attributers, as well as using JT. If the attributed coins were indeed properly graded, it is too bad they did not apply these standards across the board. >>



Costs too much money to ship coins back and forth across the country for expert grading and attribution - which is the primary reason why the signature series price is $25, while their regular coin price is $15 or less, I believe. The original idea, I believe, was to eventually have experts in all series represented and grading all the coins - but the program didn't have enough of a chance to become widespread.

EagleEye

Thanks Chuck, for checking on this. I am in total agreement with what you said.

AskRaq

Um... so... what happens with the "Signature Series" that they are still offering?? (September special included)

coppercoins

If you are asking about JT's signature? Not sure. I don't know for sure whether he is still participating.

As for the remainder of the signature series people - you should be fine. As I stated earlier, PCI is continuing the program.