Collectors Corner

WinPitcher · May 17, 2008 7:17AM

Is this new? I have never noticed it before.

Steve

Ironmanfan · May 17, 2008 7:40AM

Steve, where do you see this?

Bosox1976 · May 17, 2008 7:46AM

Quick Links in top right hand corner of the screen. It's a mini marketplace.

goye · May 17, 2008 7:48AM

At the top by quick links......

I saw it the other day for the first time.......surprised by the low #'s of item.....I guess unless it's "new".....

VitoCo1972 · May 17, 2008 7:54AM

I saw this earlier today. Who owns it???

storm888 · May 17, 2008 8:15AM

Interesting.

One thing I noticed:

ALOT of the raw-currency appears to be over-graded.

RipublicaninMass · May 17, 2008 8:34AM

those are from PSA's short term loan department defaults.

maybe

storm888 · May 17, 2008 8:36AM

"those are from PSA's short term loan department defaults."

///////////////////////////////////////////

That was my first thought, but I think it is largely incorrect.

VitoCo1972 · May 17, 2008 9:12AM

What is the short term loan sept? Do they allow big submitters to pay later after the cards have been sold?!

RipublicaninMass · May 17, 2008 9:13AM

There used to be tons of ads saying PSA would hold your cards, and loan you a percentage of SMR based on those cards.

storm888 · May 17, 2008 9:15AM

"What is the short term loan sept? Do they allow big submitters to pay later after the cards have been sold?! "

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Money is borrowed from PSA/CLCT by owners of graded-cards; the cards
make for a security-interest.

Kinda like a Pawn Shop.

RawPlusSlabbed · May 17, 2008 9:23AM

<< I saw this earlier today. Who owns it??? >>

Owned by CU.

VitoCo1972 · May 17, 2008 9:25AM

<< 

<< I saw this earlier today. Who owns it??? >>

Owned by CU. >>

Ummm, isn't this a conflict of interest? I know Beckett does auctions but they're all on consignment. If CU owns the cards and is selling them, that's a major red flag for me.

RawPlusSlabbed · May 17, 2008 9:36AM

<< 

<< 

<< I saw this earlier today. Who owns it??? >>

Owned by CU. >>

Ummm, isn't this a conflict of interest? I know Beckett does auctions but they're all on consignment. If CU owns the cards and is selling them, that's a major red flag for me. >>

They did the same thing a few years ago, but stopped due to conflict of interest issues. Since then, with coins, David Hall sells his coins graded by CU and it has been accepted. As with many PSA ideas, they are Dave Hall roll outs from the coin side. The business can not be stopped. It can withstand a weak SMR, half-grades, Wagner talk, inconsistency talk, employees leaving to start a new company etc. Conflicts of interest will be a tiny blip that goes away with time, like so many other events.

storm888 · May 17, 2008 10:00AM

There seems to be no conflict, IF the graders do not know who the
submitters are.

"Appearance of a conflict," is often an abused concept. I have no
problem with CLCT providing a venue to move their stuff - or the stuff of their employees.

It seems that many of the listings have ZERO to do with CLCT.

I might have a problem with listing raw-stuff. Especially, if the folks grade
like some of the currency sellers on the site have done.

Maybe raw-stuff should be sent to the BST, or EBAY. CLCT, being grading-based,
might ought to keep the raw stuff outside of any sanction their name implies.

RipublicaninMass · May 17, 2008 10:27AM

maybe one of them could be reviewed for a "bump". I DO NOT know if these are those cards, just making light of it

WinPitcher · May 17, 2008 10:30AM

>

<<<<<<<<<<<Owned by CU.>>>>>>>>>>>>>

I don't think so, the site may be owned by CU, but the items for sale are not, or they do not appear to be.

Did you bother cliking on any links?

I did and many different people seem to own these items.

The first link I clicked on was not a CU owned link.

Steve

WinPitcher · May 17, 2008 10:32AM

1952 Bowman 229 Hank Arft PSA EX-MT 6

Price: $44.00
Grade: 6
Quantity: 1
Last Update: 5/6/2008
Dealer: R. Howard Rare Coin Gallery

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CCE Collectors CornerSM is THE premier market place for serious rare coin, currency and card collectors. At Collectors CornerSM, buyers deal directly with the world's top dealers. Everyday, tens of millions of dollars worth of top quality coins are available to purchase. Coins, currency and cards are posted for sale on the Collectors CornerSM by dealers registered on the Certified Coin Exchange, PCGS Authorized Dealers, PCGS Currency Authorized Dealers and PSA Authorized Dealers.

Steve

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