What is the Single Biggest Asset That PCGS Has?
Coinosaurus
Posts: 9,645 ✭✭✭✭✭
Collective knowledge in the coin grading room?
Lots of equipment to slab coins?
An upscale Newport Beach location?
The ability to attract otherwise bored collectors to their chat board
Or, could it be, that they know where more cool coins are than anyone else in history?
Lots of equipment to slab coins?
An upscale Newport Beach location?
The ability to attract otherwise bored collectors to their chat board
Or, could it be, that they know where more cool coins are than anyone else in history?
0
Comments
To support LordM's European Trip, click here!
<< <i>I'd say their biggest asset is nearly hobby-wide acceptance. >>
Here's a warning parable for coin collectors...
On a side note, I don't necessarily know if I agree with your last option, they may know who last submitted them, but that doesn't mean they know the coins current location/owners. Unless if the coin are in the registry, I don't know how they could know the current locations for certain. I'd think Heritage (with MyHeritage) or a large dealer would know the locations of as many coins (lets assume rarities here...) as PCGS, especially in their expertise.
... but I've been known to be wrong.
``https://ebay.us/m/KxolR5
<< <i>I'd say their biggest asset is nearly hobby-wide acceptance. >>
Absolutely. Reputation and widespread faith in their product counts the most.
The collective knowledge the company personnel possess as a collective unit is a strong asset as well. Slabbing equipment, like all commercial equipment, has very little actual monetary value once aquired and installed.
Collectors Universe/ PCGS is physically located near the 55 Freeway in the city of Santa Ana. Only their postal address is located in Newport Beach.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
PCGS 's biggest asset is US .
We are the collectors , we buy & sell thier product ( most of the time just buy ) ,
We the public decide what we want & who we want to buy it from .
No decisions at PCGS are made without US in mind .
Never sell yourself short , no matter if you collect circulated lincolns or proof classics ............
Dan
<< <i>I think alot of you are missing the boat .
PCGS 's biggest asset is US .
We are the collectors , we buy & sell thier product ( most of the time just buy ) ,
We the public decide what we want & who we want to buy it from .
No decisions at PCGS are made without US in mind .
Never sell yourself short , no matter if you collect circulated lincolns or proof classics ............ >>
Excellent point!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
i would take this with a grain of salt.
PCGS has tended to demonstrate over the years that decisions they make are based on their bottom line. the way i interpret "our" influence on things is that "we" simply let PCGS know what "we'd" like and then if it suits them and will be profitable for them "we" get another choice, option or service. the fact that they lagged behind ANACS with many aspects of grading for so long and the fact that they tend to follow NGC's lead on many others shows me that they aren't as interested in being a leader as they are in being the top money maker and holding onto their market share.
as the pre-emminent grading company for over two decades, PCGS should be the leader in terms of what they offer the collecting community. in reality there are far, far too many times when they are the follower.
-Bob
what would they have?
<< <i>Confidence. You can buy a PCGS graded coin and know the grade and authenticity of the coin is guaranteed. >>
What about those times the authenticity is non-authentic?
Example: Say you have a PCGS coin that you know for a fact is AT. You send it in for review, and PCGS says, "Tone looks legit to us."
The guarantee in such a case is obviously of no worth. Because it is only OPINION.
and they're cold.
I don't want nobody to shoot me in the foxhole."
Mary
Best Franklin Website
<< <i>
<< <i>Confidence. You can buy a PCGS graded coin and know the grade and authenticity of the coin is guaranteed. >>
What about those times the authenticity is non-authentic?
Example: Say you have a PCGS coin that you know for a fact is AT. You send it in for review, and PCGS says, "Tone looks legit to us."
The guarantee in such a case is obviously of no worth. Because it is only OPINION. >>
Unfortunately, there will always be exceptions (of course, the other side of the coin is usually only an opinion also).
The overall good far outweighs the exceptions IMO.
Joe.
a nice thought but i've heard the words "irritating" and "naive" used to describe their custumers by top brass as recently as today (referencing a certain locked thread)
www.brunkauctions.com
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
if you are talking numbers they put on their asset sheet, you might need to buy some of their stock and then get their annual report
A good question as to whether its their reputation or what asset creates that reputation. Assets, aside the obvious physical one include such things as reputation and goodwill etc, can and do have a value which can be translated into a cash value upon sale of the company.
As much as PCGS needs end buyers, not just customers that submit, it is the end buyer that creates demand for their services, customers in this case really can not be considered a true asset. There would be limited book value to the submitter base, which would most likely have a value less than the companies good name.
The direct submitters are a reflection of the market's desire for PCGS coins.How much demand would the market place have for their services if there was a clear and undesireable drop in the quality of their product? Why do so many buyers perceive PCGS holdered coins more desireable? In many cases the buyer selects a PCGS holdered coin as they have confidence in the opinion of PCGS's grading standards or the quality of their graders.
Perhaps then it is the graders that are their greatest asset as the market place appears to have confidence more often in their opinion of grade than other third party graders.
It is easy to envision the sale of such a company, a premium being paid due to it reputation, then the new management making the mistake of losing the grading staff resulting in a great downturn in the quality fo the grading, the company then losing its reputation and resulting market share.
Maintain or improve the grading standards results in retention of reputation and hence customer demand. Lower the quality of the grading would result in loss of both reputation and customers.
My vote is for the graders being the most valued asset.
What is their annual raise or bonus?
<<Some of these posts could get irritating if they weren't so naive.
Don't you realize that when we publish an opinion about a coin what we say (or can't say) is guided by legal advice.
Generally speaking, haven't you noticed that virtually no large company speaks in superlatives or absolutes. Haven't you ever wondered why?
Do you really think we don't know what an AT coin looks like?
PS - we have boxes of both NT and AT coins that our graders use as a reference. >>
That's gotta be right up there with their biggest assets............
The name is LEE!
Susp...oooops. That is movies.
Eric
<< <i>Reputation has a lot of value. >>
How's that working for Toyota??
So for me PCGS' greatest asset is not just one thing, but a combination of the graders, the executives, the broader marketplace outside of their control, and the customers who together make the Registry Sets such an amazing idea.
<< <i>I agree its David Hall or its reputation its not its customer service >>
Are you saying that PCGS customer service is less than stellar?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And yes , HRH is PCGS
<< <i>Their people.
While reading this thread, that answer was going thru my head. All of the things that were mentioned would not be possible
without quality people in the PCGS organization. The reputation, service, market acceptability. It all goes away when you
you put low performing people in place of those that are there. Same goes for any successful business. Shag
Camelot
We won't know until March 25 because it is "THE BIG ONE"