I'm surprised Heritage hasn't started their own grading service similar to how DLRC started DGS.

PerryHall · January 12, 2009 9:17PM

Lets face it. Hertage gets tens of thousands of raw coins every year to be sold at auction. Also, they have a major retail operation going. If they slabbed the raw coins that they sell, they would probably bring more money especially if they came with a guarantee similar to the major slabbers. Naturally, the really expensive coins would still go to PCGS or NGC but for the less expensive coins in the $50 to $1000 range, it would make more sense to slab them in-house. Also, being one of the largest coin firms, they would have the credibilty necessary for these slabs to be accepted by most collectors. If it made sense for DLRC to form DGS, why wouldn't it make sense for a much larger firm like Heritage? Your thoughts?

shorecoll · January 12, 2009 9:23PM

That could make them liable for the doctored coins they sell. Could be a significant potential liability. Now those problems can get blamed on somebody else.

Coxe · January 12, 2009 9:30PM

I think they have a full enough plate. They would hate to dilute their level of attention in their business. Better investment is aligned with what they have been doing, enhancing the quality of their website and maintain excellent customer relations. Considering the breadth of their offerings, it is a true credit that they don't have glitches with any regularity at all. I could see Stacks doing something like that though.

PerryHall · January 12, 2009 9:34PM

<< I think they have a full enough plate. >>

With the way the economy is tanking, their plate may not be as full as it once was.

Broadstruck · January 12, 2009 9:46PM

Would it be called HAGS... I feel that Heritage would loose a percentage of credibility as an auction house once they start grading and auctioning their own coins

PerryHall · January 12, 2009 10:02PM

<< Would it be called HAGS... I feel that Heritage would loose a percentage of credibility as an auction house once they start grading and auctioning their own coins

>>

These would be low value coins that would be otherwise sold raw.

Broadstruck · January 12, 2009 10:12PM

<< 

<< Would it be called HAGS... I feel that Heritage would loose a percentage of credibility as an auction house once they start grading and auctioning their own coins

>>

These would be low value coins that would be otherwise sold raw. >>

PerryHall, I've purchased raw from Heritage and always felt they where conservatively graded along with any problems such as cleaning in their descriptions... almost every raw purchase is in higher plastic today so why spoil a good thing!

Longacre · January 12, 2009 10:41PM

Slabbing is so passe. I think the current TPGs are going to have a very hard time surviving over the next 5 years or so. It is certainly not a growth industry and Heritage can use its capital in far better ways.

sinin1 · January 12, 2009 10:50PM

didn't they do that before

and have the FEDS after them 15-20 years ago?

ebaytrader · January 12, 2009 10:53PM

<< didn't they do that before
>>

Yes.

messydesk · January 12, 2009 10:58PM

They could call it something like "Numismatic Certification Institute."

PerryHall · January 12, 2009 11:01PM

<< Slabbing is so passe. I think the current TPGs are going to have a very hard time surviving over the next 5 years or so. It is certainly not a growth industry and Heritage can use its capital in far better ways. >>

A stickering service?

Coxe · January 12, 2009 11:03PM

<< 

<< Slabbing is so passe. I think the current TPGs are going to have a very hard time surviving over the next 5 years or so. It is certainly not a growth industry and Heritage can use its capital in far better ways. >>

A stickering service?

>>

Now, there you go! A lot cheaper and you don't waste catalogue space with lot descriptions. Just sticker the sucker as PQ.

Broadstruck · January 12, 2009 11:10PM

<< Heritage can use its capital in far better ways. >>

Maybe they could install a pole behind the podium and hire some dancers during the live auctions for entertainment when there's lots auctioned of no interest

Coxe · January 12, 2009 11:14PM

....or just better noshes to keep people in the room.

garsmith · January 12, 2009 11:48PM

<< 

<< Heritage can use its capital in far better ways. >>

Maybe they could install a pole behind the podium and hire some dancers during the live auctions for entertainment when there's lots auctioned of no interest

>>

BillJones · January 12, 2009 11:49PM

Heritage did have its own grading service years ago. I believe it was called NCI. It had lax, but consistent grading standards that were well below the generally accepted market standards of the time.

I don’t really see what benefit these in-house services provide. It’s almost impossible for a new service to compete against PCGS and NGC. That is the reason that CAC exists as it is and not as a true grading service. In fact it’s hard for NGC to compete sometimes because many of their better coins get crossed to PCGS. That would be the situation in spades for any new service, including anything that even the #1 sales volume dealer (Heritage) could provide.

RYK · January 12, 2009 11:49PM

Don't they already have an interest in NGC?

I think that having a DGS-ish service would cheapen Heritage's image, and they know it and won't do it.

PerryHall · January 13, 2009 12:03AM

<< Don't they already have an interest in NGC?

I think that having a DGS-ish service would cheapen Heritage's image, and they know it and won't do it. >>

Does DGS cheapen DLRC's image? From what I've heard, DGS is doing a good job with consistent accurate grading.

I'm surprised Heritage hasn't started their own grading service similar to how DLRC started DGS.

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