Looks like about 1700 successful Long Beach Show Crossovers

dbcoin

Here is the statistics from yesterday:





and today. Not sure if the success/attempted counters are correct. It looks like they only entered ones that crossed which screws up their stats:

AnkurJ

Your sigline makes me understand why you're so interested.

AngryTurtle

An interesting statistic. It would be nice to know out of how many tries. The promotion would have drawn out NGC coins the submitter wasnt confident enough in to pay for a try, so I would expect the success ration to be lower than typical.

Flash

The line in front of the PCGS table was steadily long when I was there on Thursday, with most people submitting crossovers.

dbcoin

at $110 each + 1% of the coin value, I get roughly $250,000+ in revenue for this show promotion

illini420

As a shareholder, I'm glad the "no-risk" crossover special appears to have been widely used and likely generated quite a bit of revenue for the company.

That said, I do not like any of the grading companies taking in coins and then getting paid only if coins grade or cross... the graders should always be paid up front, and should be paid the same amount, regardless of the result of their evaluation...

illini420

<< <i>at $110 each + 1% of the coin value, I get roughly $250,000+ in revenue for this show promotion >>



Show economy is only $65 per coin
Show gold is only $55 per coin

I'd imagine quite a few coins were submitted at those levels as well.

dbcoin

<< <i>

<< <i>at $110 each + 1% of the coin value, I get roughly $250,000+ in revenue for this show promotion >>



Show economy is only $65 per coin
Show gold is only $55 per coin

I'd imagine quite a few coins were submitted at those levels as well. >>



You are correct there.

Re being paid upfront, I think they have to make their judgement looking through the holder so they have a higher risk on crossovers. Can't see edge, can't use the sniffer, looking through plastic. The risk is much greater.

TommyType

<< <i>As a shareholder, I'm glad the "no-risk" crossover special appears to have been widely used and likely generated quite a bit of revenue for the company.

That said, I do not like any of the grading companies taking in coins and then getting paid only if coins grade or cross... the graders should always be paid up front, and should be paid the same amount, regardless of the result of their evaluation... >>




I am wary of the practice too....and my reason may be related to yours.

Perception. (And, no, I'm not accusing anyone of anything).

The PERCEPTION is that the grading services MIGHT be thinking, "if we only get paid if we cross them over, we better cross over a fair amount, or we're losing money!"

"Cross" or "Don't Cross" are the two paths available. In a truely independent process, there shouldn't be any hint of a benefit to the company to follow one of the two paths over the other.

Again, I have no reason to accuse PCGS of doing anything of the sort. They've built a good reputation and business on "independent grading". But I'm speaking as a guy who works in a completely unrelated "independent analysis" business, and this really is something we think about on a daily basis. The perception really is important in the long run.

Just food for thought....(And I know I may ruffle a few feathers even mentioning it).

WTCG

The pay later policy gave PCGS access to some quality coins but most dealers including myself were not completely happy with the entire process, especially in the aspects of organization. Policies were inconsistent, orders were coming back late and there was simply too much disorganization. This was a good promotion idea and if PCGS ever does it again I'm certain they'll be better prepared next time. It wasn't a bad deal but there is room for improvement.