Does the # of ultra modern & bullion threads here reflect on PCGS's business model?

JRocco

I do not really care enough to dig into the major TPG's financials, but are they really moving away from coin graders to market makers. Is their future business model going to be forever directly linked to the mints new seemingly un-endless stream of .....new stuff???

The unending stream of threads that are related to ultra modern and bullion based mint product slabbing appears to be increasing (not saying that is a bad thing at all) and it appears to be fueled by new members. Is this where PCGS and NGC for that matter are and want to be going? Or maybe forced to be going????

ksteelheader

Yes.

ziggy29

Yes, I think so. The TPGs have "matured" past grading, authentication and protection of higher-end coins that need them, and into the realm of market-making with their marketing machine. Don't get me wrong -- I have a lot of respect for how good their marketing machine is to make sure many collectors "have to have" new things they have always done without before -- whether encapsulation of new issues, registry sets, "low ball" registries or whatever else.

I don't like how their marketing machine has changed the hobby, but I do tip my cap to them for how successful they have been in changing how collectors think and how they can create new products and designations that are invariably met with strong collector demand. Most businesses would kill for this kind of nearly "automatic acceptance" of their new products.

FatMan

Yes

jmski52

If they have any sort of business model (and I am sure that they do), I'd be surprised if it didn't include a "growth" objective. But how can a business grow if there is a only a finite number of units that can be processed? Sure, they can be "reprocessed" a few times, but eventually the market for that finite number will remain constant at best, but more likely it would decrease if continual "reprocessing" is ultimately seen as futile.

Happily, the Mint is willing to accommodate.

JRocco

Thanks guys.
I guess that in order to grow and not stagnate this has to be the business model.

I guess it does explain a lot.

FatMan

<< <i>I guess it does explain a lot. >>

Yes, it does.

MrEureka

Does the # of ultra modern & bullion threads here reflect on PCGS's business model?


The number of threads on moderns and bullion is not a function of anyone's business model, but of widespread interest in the material.

I also think that the widespread interest in the material is a more a function of greed than of numismatic interest.

JRocco

<< <i> more a function of greed than of numismatic interest. >>




I do believe that this also explains a lot.

COINB0Y

Greed?

Is making a profit now equated with "greed"?

Hmmm...

The you all are guilty slime if you sell a coin?

You greedy 'ba*tards'!

I think ziggy had it right. The market has matured. No 'greed' label needed.

cladking

Businesses are market driven or they don't last.

No trend lasts forever.

Gemineye

<< <i>Does the # of ultra modern & bullion threads here reflect on PCGS's business model? >>


Certainly...Was the TPG business around 50 years ago..?? Were there coin collectors then..??
At the inception of the TPG their main production schedule was to get major key coins into slabs.The TPGs have succeeded into establishing a footprint into numismatics.Once into the mainstay of the field the only way for collectors to stay on top of things is to slab their moderns and keep their newer issues up-to-date.It is the collector that is keeping pace with the times.