What would happen to the coin business if PCGS went out of business? Opinions please!
cary1952
Posts: 312
Let me know what you think!
Member ANA
0
Comments
Their might be a change is grading standards
as well as pricing calculations. The loss of industry
stability is never a good thing.
Camelot
Cameron Kiefer
NTC will be king and Saddam will be our president.
Dorkkarl
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
name is too valuable, not to mention the cash flow and profit.
As Cameron suggested, a gradual decline is always possible, but it
would take years of neglect for that to happen.
Greg The Great
<< <i>Some entity would buy PCGS before it just simply shut the doors. The
name is too valuable, not to mention the cash flow and profit. >>
Yeah, there's still room in Florida for another grading firm.
MrEureka
Master Collector
Posts: 5152
Joined: Jan 2003
Tuesday November 30, 2004 9:47 AM
Nothing would happen to the coin business. The plastic business would suck, though.
Dorkkarl
-------------------------
Andy Lustig
EurekaTrading.com
R.M. Smythe
USPatterns.com
Looking for PCGS AU58 Washington's, 32-63.
“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
Newmismatist
1) The same thing that happened to the airline business after 1901.
2) The same thing that happened to the IRS after 1862.
3) The same thing that happened to commercially sold art after 11,000 B.C.
4) The same thing that happened to stop signs after 1928.
5) The same thing that happened to birth control after Adam and Eve.
The Universe is expanding.....with or without Collector's Universe.
"Always tell the truth; then you don't have to remember anything." - Mark Twain
<< <i>NGC would raise its fees!
That's the most likely. And people would just migrate to NGC. And NGC would hire a couple of the PCGS graders and the other graders would simply be dealers again. No biggie.
Might even get some in higher grade holders?
A hot debate: NGC vs. ANACS.
Dorkkarl would be happy: one less slabber in the numismatic world.
Photos of the 2006 Boston Massacre
A few years ago, my opinion was that PCGS was far superior to NGC as they apply to Franklins. I could get a PCGS 64 to get an NGC 65 fairly easily. They seem to be more on par these days.
<< <i>What would happen to the coin business if PCGS went out of business? >>
What will happen to the coin business when PCGS goes out of business?
Answer: moderns would become worth no more than face value.
Hehehehe
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
<< <i>Answer: moderns would become worth no more than face value.
Hehehehe
Best,
Sunnywood >>
These were being collected before the grading services started. Rare moderns were
trading for high prices back when the grading services refused to grade them. Due to the
fact that surface conditions and originality is much less of a factor with moderns than
with classics they might actually do better.
Of course, it's highly improbable that this would come to pass and in all liklyhood a new
company would move in to fill the void.
Then the seller would open a NEW service that called stuff even tighter and begin a new rush to the tightest standards in the world.
An infinite number of times until the ultimate service would adopt a policy that if a coin has left the die it is circulated.
And should THAT happen, people would have to revert to collecting coins.
Katrina