Random thought; Does PCGS have contingency plans in place if "The Big One" hits?
FadeToBlack
Posts: 7,847 ✭✭✭✭✭
Just a random thought that occurred to me today while watching a doomsday documentary on Netflix while working.
I certainly wouldn't be happy if my coins were out for grading for 3 months or something with no idea as to if they were safe or not.
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That is your biggest worry?
Probably the Bean Burrito for lunch.
ejection tables!
get those coins in the air under a parachute!
Coins would be the least of your worries. Reality is not some clever film production.
Insurance. Not sure if it covers all disasters.
LOL! Those thousand dollar half's would serve you well at 50 cents a piece buying a loaf of bread!
Edit to add...that thought has crossed my mind!
The funniest part is watching a documentary while working!
I was told they had the Sharknado contingency plan in place.
To the OP's credit he seems very well prepared. Probably has a "bosses" buttton installed on the ole desk top
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Earthquake .. would PCGS coins ,at company site awaiting grading, get devoured by it . can't do nothing about it ?
Maybe this explains the slow turnaround times.
I imagine everyone who works there would take care of themselves, see to the needs of their families, take care of their property, and then sort out the business issues. It would probably fall to the security folks to see to the security of the inventory.
An earthquake big enough to SERIOUSLY trash the PCGS building (although I am not talking about a potential fire after the quake due to broken gas lines), most likely would trash So. Cal. The stock market would most likely react in a very negative manner to that (as would the US economy), and you would probably lose a lot more in your stock portfolio (at least if you sold) than you would via your loss of coins.
Almost every area in the US has some sort of natural hazard that can erupt at any given time, be it earthquakes, volcanoes, sinkholes, hurricanes, tornadoes, flooding and blizzards. All you can do is prepare for the hazard to the best of your abilities, and live life. Along those lines, the main tank in the Monterey aquarium is designed to survive a 9.0 earthquake. The reasoning behind stopping there is that nothing else in the surrounding area would survive a 9.0 earthquake.
U.S. Type Set
Perhaps renowned numismatist and tenor Enrico Caruso could be a correspondent from the affected zone as he did after the 1906 SF earthquake.
You gotta come over to the Precious Metals Board. We like thinking like this.
Here's a warning parable for coin collectors...
what is 'the big one'? tsunami, N Korean ICB missile, volcano?
They'll start slabbing zombucks
Someone told me they have inflatable life vest under every chair.
bob
Green or gold bean?
Insurance.
.
Depending on the disaster (i.e. earthquake, storm, nuclear attack) the situation would vary. If a truly major disaster, affecting the entire country occurs, coins will be the last of our worries....survival will be the focus. Cheers, RickO
@SkyMan
Thanks for the aquarium design info....you know I like engineering and structural design
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my first thought was what Coinstartled posted --- if "the big one" hits I doubt I would even think of my collection as a third-fourth-fifth or whatever consideration.
Whether the 'big one' is an earthquake or an atomic bomb, I wouldn't place the safety of my coins at PCGS very high on my priority list, so basically I don't care if they have a 'plan' or not.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Escape to Mexico ?
Thanks D.Carr, I needed a good, deep chuckle just now!
This forum has been a bit entertaining as of late.
So, If Fred G. Sanford was a coin collector, what do you think he would be collecting, besides Medicare.
Redd Cents!!
and definitely not Susan B. Anthony dollars (because they're as ugly as Aunt Ester!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Junk silver
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
You never met Glicker before?
So we're not talking about Secure Plus™ 2.0?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Actually an interesting question even apart from the physical issues. After 9-11 I recall one major auction being cancelled. Also some rare coins became much less expensive in the short run.
Just to see if I understood your question correctly: if apocalypse strikes, and people have no food, water, shelter and access to medical supplies, you would be worried about coin grading turnaround times exceeding 3 months?