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THE NEW PCGS PRESIDENT-BRETT CHARVILLE

specialistspecialist Posts: 956 ✭✭✭✭✭
in U.S. Coin Forum

Welcome to the other side Brett!

To all collectors I would like to say I think Brett has the right attitude, has the energy, and is smart. Even more important, he happens to be one of the top coin graders in the biz. He should be able to create real change with that pedigree.

I have spoken to him several times and he knows the difficult task he has. His eyes were only recently jarred wide open by learning what collectors have to deal with and are upset by. His main priority is to clean up the real swamp and restore full collector confidence. He will not ignore collectors.

All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes. I know the CEO Joe Orlando feels the same way. First time I met Joe was a t a Long Beach Show where he did not pound his chest who he was-he sat down and listened to my yapping for about an hour and he asked questions. I see him working on things already. So Brett and Joe will make a great combo.

Give Brett time. He has an incredibly difficult job ahead and a plate that is grossly overloaded. I am optimistic things will change for the better.

I'm sure everyone here has suggestions for him. Might as well let them rip!

«1

Comments

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    Welcome Brett! Wish you the best at the helm. Please continue to work on stopping the counterfeits.

  • BuffaloIronTailBuffaloIronTail Posts: 7,507 ✭✭✭✭✭

    @Hemispherical said:
    Welcome Brett! Wish you the best at the helm. Please continue to work on stopping the counterfeits.

    This plague, I believe, is ruining the Hobby.

    Good Luck! I for sure have your back.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • sparky64sparky64 Posts: 7,041 ✭✭✭✭✭

    Thanks to the OP for giving her take and insight.
    I can usually tell more from a couple of paragraphs like that rather than reading the resume in the announcement.

    Best wishes to Brett.

    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

  • Aspie_RoccoAspie_Rocco Posts: 3,259 ✭✭✭✭✭

    Congratulations Mr Brett Charville.

    As for suggestions, respectfully request an overhaul/ update/ to VARIETY ATTRIBUTION. Many inconsistent determinations, oversights, and mistakes.

    I volunteer to help in any way possible that I am able. Online or in person.

    Rocco

    http://www.pcgs.com/SetRegistry/publishedset.aspx?s=142753

    https://www.autismforums.com/media/albums/acrylic-colors-by-rocco.291/

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @specialist... Thank you for your post. I hold your opinion in very high regard and look forward to seeing what will transpire in the next few years. Cheers, RickO

  • DMWJRDMWJR Posts: 6,012 ✭✭✭✭✭

    I'm currently being ignored by customer service regarding anomalies in submission processing on a current pending submission. A tight lipped desk clerk and two unreturned messages left on David Talk's voice mail. Maybe he will improve this? I thought a quick discussion might avert a potential problem. I guess I will wait and see what the results are since preventative actions were not possible.

    Doug
  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭
    edited December 12, 2018 11:09AM

    @specialist said:
    All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes.

    As long as it is a for-profit, publicly traded company you are being overly optimistic IMHO.

  • MrEurekaMrEureka Posts: 24,339 ✭✭✭✭✭

    @cameonut2011 said:

    @specialist said:
    All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes.

    As long as it is a for-profit, publicly traded company you are being overly optimistic IMHO.

    Why do you think being a public company makes such a difference?

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BryceMBryceM Posts: 11,838 ✭✭✭✭✭

    Well, I think anyone in that capacity would have their plate full. Best of luck to those who are now at the helm of the premiere authentication & grading company.

  • BoosibriBoosibri Posts: 12,286 ✭✭✭✭✭
    edited December 12, 2018 4:52PM

    Being a successful business president and being a collector advocate, grader and numistmatist are very different roles. As president time is often consumed operationally or financially. I hope PCGS has the operational infrastructure in place to support Brett.

    Latin American Collection

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭
    edited December 12, 2018 2:16PM

    @MrEureka said:

    @cameonut2011 said:

    @specialist said:
    All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes.

    As long as it is a for-profit, publicly traded company you are being overly optimistic IMHO.

    Why do you think being a public company makes such a difference?

    Obligation to shareholders + Need to pay dividend + Need to Keep stock prices up = Significant Income Stream Needed

    I think we all know some practices generate more revenue than others.

    I think they would have more flexibility if it is a private company with a limited number of shareholders.

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭
    edited December 12, 2018 2:17PM

    .

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    Keep BJ Searls around as long as you can until you find someone
    to take over the day to day of the Set Registry .
    Respect her as I doubt anyone
    Can do a better job and without
    BJ Searls, there would not be a Set Registry

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    @STEWARTBLAYNUMIS said:
    Keep BJ Searls around as long as you can until you find someone
    to take over the day to day of the Set Registry .
    Respect her as I doubt anyone
    Can do a better job and without
    BJ Searls, there would not be a Set Registry

    I thought she was already gone.

  • STEWARTBLAYNUMISSTEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

    PCGS has not found anyone to take over for her as yet

  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    edited December 12, 2018 2:53PM

    @asheland said:
    I hope they keep the current holder for a while, I think it's the best one yet!

    Absolutely.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • MrEurekaMrEureka Posts: 24,339 ✭✭✭✭✭
    edited December 12, 2018 3:18PM

    @cameonut2011 said:

    @MrEureka said:

    @cameonut2011 said:

    @specialist said:
    All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes.

    As long as it is a for-profit, publicly traded company you are being overly optimistic IMHO.

    Why do you think being a public company makes such a difference?

    Obligation to shareholders + Need to pay dividend + Need to Keep stock prices up = Significant Income Stream Needed

    I think we all know some practices generate more revenue than others.

    I think they would have more flexibility if it is a private company with a limited number of shareholders.

    Executives running public companies do those things to keep their jobs and collect on bonus packages. The owners of private companies are more focused on actual profits, short term and long term. That said, I'm open to hearing a good explanation as to why a private TPG (like NGC) would be more likely to fight coin docs and gradeflation.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • BoosibriBoosibri Posts: 12,286 ✭✭✭✭✭

    @MrEureka said:

    @cameonut2011 said:

    @MrEureka said:

    @cameonut2011 said:

    @specialist said:
    All the years I fought coin docs and gradeflation with no help I fully believe are over. My guess is it will take a year or two to make needed changes.

    As long as it is a for-profit, publicly traded company you are being overly optimistic IMHO.

    Why do you think being a public company makes such a difference?

    Obligation to shareholders + Need to pay dividend + Need to Keep stock prices up = Significant Income Stream Needed

    I think we all know some practices generate more revenue than others.

    I think they would have more flexibility if it is a private company with a limited number of shareholders.

    Executives running public companies do those things to keep their jobs and collect on bonus packages. The owners of private companies are more focused on actual profits, short term and long term. That said, I'm open to hearing a good explanation as to why a private TPG (like NGC) would be more likely to fight coin docs and gradeflation.

    True

    Latin American Collection

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    A public company has the motivation and obligation to make its market strong-so a public company vs a private one has more reason to fight gradeflation and the docs. A non public company has no rules to live by.

  • bobsrbobsr Posts: 392 ✭✭✭✭

    Coin grading is like 3 people at a church social. The only thing 2 will agree on is the third one is wrong. Welcome aboard Mr Charville. I have a lot of coins in older holders. I see many " toned " coins in PCGS holders many obviously not graded that way but toned after encapsulation. I would like to see reholdering from older holders at a greatly reduced charge to minimize future toning and keep those coins as original as possible.
    Bob Sr CEO Fieldtechs

  • MarkMark Posts: 3,560 ✭✭✭✭✭

    @STEWARTBLAYNUMIS I thought your post was supposed to be a limerick but it obviously doesn't rhyme... :)

    Mark


  • ms70ms70 Posts: 13,956 ✭✭✭✭✭

    @bobsr said:
    Coin grading is like 3 people at a church social. The only thing 2 will agree on is the third one is wrong. Welcome aboard Mr Charville. I have a lot of coins in older holders. I see many " toned " coins in PCGS holders many obviously not graded that way but toned after encapsulation. I would like to see reholdering from older holders at a greatly reduced charge to minimize future toning and keep those coins as original as possible.
    Bob Sr CEO Fieldtechs

    Grading is a TPG's primary responsibility, not preservation. Preservation is our problem. :)

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • fiftysevenerfiftysevener Posts: 921 ✭✭✭✭

    @bobsr said:
    Coin grading is like 3 people at a church social. The only thing 2 will agree on is the third one is wrong. Welcome aboard Mr Charville. I have a lot of coins in older holders. I see many " toned " coins in PCGS holders many obviously not graded that way but toned after encapsulation. I would like to see reholdering from older holders at a greatly reduced charge to minimize future toning and keep those coins as original as possible.
    Bob Sr CEO Fieldtechs
    So true some holders are not airtight. I just opened a PCGS holder that wasn't sealed at the top. This should cause anyone with proof coppers to respond before damage is done.

  • fiftysevenerfiftysevener Posts: 921 ✭✭✭✭

    Holders could be tested like car windshields are repaired. Draw a vacuum on the holder and allow an inert colored gas or liquid to enter Ha ! There is likely quite a few out there I'll bet.

  • BGBG Posts: 1,762 ✭✭✭✭✭
    edited December 12, 2018 6:59PM

    Thanks for that. But, who are you?
    I mean that I don't know who "specialist" is. Same as "ColonelJessup."
    Myself and I'm sure many others think you're just another name on a message board.

    Sorry

  • OnastoneOnastone Posts: 4,042 ✭✭✭✭✭
    edited December 13, 2018 6:26AM

    @Mark said:
    @STEWARTBLAYNUMIS I thought your post was supposed to be a limerick but it obviously doesn't rhyme... :)

    This gives me an idea...I'm going to start a LIMERICK string! I saw some posted back in 2011, time for some more!

  • jonrunsjonruns Posts: 1,197 ✭✭✭✭✭

    "If mama ain't happy, then ain't nobody happy"...conversely if @specialist is happy with the choice for new PCGS President then it must be a great move...congratulations and good luck!!!

  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭

    Putting an aggressive squeeze on doctored coins and counterfeit coins in PCGS plastic would be awesome to see.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • JBatDavidLawrenceJBatDavidLawrence Posts: 504 ✭✭✭✭✭

    I think that this is fantastic news. Brett is a very sharp grader and knows where improvements can be made at PCGS, not only for dealers but for collectors as well. I wish him the best of luck and look forward to seeing this new version of PCGS!

    John Brush
    President of David Lawrence Rare Coins www.davidlawrence.com
    email: John@davidlawrence.com
    2022 ANA Dealer of the Year, Past Chair of NCBA (formerly ICTA), PNG Treasurer, Instructor at Witter Coin University, former Instructor/YN Chaperone ANA Summer Seminar, Coin World Most Influential, Curator of the D.L. Hansen Collection
  • ConnecticoinConnecticoin Posts: 13,023 ✭✭✭✭✭

    @specialist said:
    Me, I'm just a little wannbe dealer struggling to make a name

    Still, I am glad this wannabe dealer has confidence in the new PCGS president!

    *For Sale on Numismy* *For Sale on Ebay*
  • UnknownUnknown
    This content has been removed.
  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited December 13, 2018 9:19AM

    Congrats and welcome! Many of us here love PCGS and would love it to be even more successful!

    Regarding revenue, one way to make more revenue is to become more dominant where other TPGs are currently on top and getting more revenue share. Areas that are opportunities include exonumia where PCGS already has a start and where it hasn't started yet:

    • So Called Dollars and Civil War Tokens are areas where PCGS grades but many collectors still prefer other TPGs (from when PCGS wasn't in this area) and will cross PCGS to those others. While PCGS has a presence now, it can be more competitive. Until recently, PCGS had a leg up due to TrueView but now ATS is improving it's Photo Vision service to close that gap. Creating PCGS CoinFacts entries would be great. Right now the PCGS# links on the Pop Report go to the PCGS CoinFacts homepage, not an individual page for the coin number. See here - https://www.pcgs.com/pop/detail/civil-war-tokens-1863-1864/6274
    • Other exonumia is slabbed by other TPGs but not currently covered by PCGS.

    This other idea is a bit more out of the box, but focuses on moderns, an area important for increasing revenues due to the quantity of newly minted product every year. Many people gift these coins and I was wondering if PCGS could become the preferred holder for these types of gifts. Think about all the Mint OGP and Littleton holders that are used to give coins at Christmas. Right now, Mint OGP holders and others don't indicate content or weight. Slabs indicate metal, but not weight, just the nominal NCLT denomination which isn't very impressive. Imagine what a kid would want as a holder for a gift coin. I'm thinking that something that looks great with the precious metals weight on it may be useful so a kid can look and say, wow, I have an ounce of silver or an ounce of gold! Imagine if kids became stackers in PCGS holders, asking for coins for the holidays and their birthdays? Many parents are more cost conscious now so educating their kids to save more may be an interesting opportunity.

    Private Mint News | 2010 Lincoln Reverse Finalists
  • jerseycat101jerseycat101 Posts: 1,357 ✭✭✭✭✭

    It's only natural that PCGS's revenue stagnates as there is a finite amount of collectible coins to be graded.

    The moderns help, but there needs to be an incentive to regrade previously graded coins (not gradeflation).

    1) New designations (star?)
    2) New grading scale (1-100)
    3) Bring back the regency holder?

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited December 13, 2018 9:16AM

    @jerseycat101 said:
    It's only natural that PCGS's revenue stagnates as there is a finite amount of collectible coins to be graded.

    The moderns help, but there needs to be an incentive to regrade previously graded coins (not gradeflation).

    1) New designations (star?)
    2) New grading scale (1-100)
    3) Bring back the regency holder?

    For the 100 point scale, it might be interesting to see how it is doing in markets where it is the official standard, like China. Anyone know?

    Private Mint News | 2010 Lincoln Reverse Finalists
  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited December 13, 2018 9:32AM

    @BrettPCGS Congrats and glad you have you here! Looking forward to the Q&A!

    Private Mint News | 2010 Lincoln Reverse Finalists
  • Namvet69Namvet69 Posts: 9,148 ✭✭✭✭✭

    I think keeping the current slab design is important. Security, preservation and integrity features should be incorporated into the current slab. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

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