PCGS new Honcho

I read somewhere (most likely here) PCGS got a new CEO. If so, I wonder what kind of shaking up is going on, New bosses LOVE to change things. Any other folks concerned on here? Good? Bad?

 

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For a small fee, they will start slabbing slabs.

 

Hopefully we don’t see a change in their quality but you never know. I’m less worried about a CEO change and more concerned with how Collectors Universe in general is making changes.

It sounds like PCGS is going to be sold by CU because it is not one of their more profitable ventures.

 

According to Numismatic News the CEO is stepping down and the selection was made for his replacement. Out with the old, in with the new!

 

just worried the "new" likes to change things and up the price of grading.

 

For a small fee...small fee & PCGS don't go together

 

PCGS not a profitable venture...? Can't imagine. The being sold part is anxiously interesting...and maybe tied to the CEO leaving.

 

Their sports memorabilia side is FAR more profitable. So CU wants to focus on that is my understanding.

 

None of them need to be micromanged. Yes cards are way more popular lately and they even had to stop submissions for a couple months because they were getting more in a week then they normally got in 3 months, but theres no indication anything is being sold. Its all just people starting rumors. There's many logical reasons for Brett leaving not the least of which is he can make more money elsewhere now given that the stock options are gone and/or got a huge payout with the sale and could retire if he wanted.

 

You don't even need send them a coin.

 

Just send them the cash with an estimated "value" of the cash they intend to take from you.
Cut out the whole pesky "coin grading" process all together!

 

They could put their True View pictures in the slabs, too, instead of the coins, and let the bidders bid on those. Those always look way better.

 

The concern is that CU has been purchased and that they are looking to maximize profitability. I have not heard anything official but lots of speculation that PCGS is going to become its own thing. My guess is the CEO is leaving due to the ownership change. New owners often want to bring in their own people.

As for cards being more popular “lately” well that’s not exactly accurate. PSA has been CUs money maker for a long time. There is simply a lot more product out there and with the extreme market volatility there are tons of people looking to flip to make money.

 

Please, do it!

 

Do it...I dare ya.

 

Forum comments aren’t speculation.

 

Who says they aren't. This is just a small venue for discussion...nothing more. There are lots of rumors that PCGS is going to be separated from CU. CU was recently sold (not speculation) and PCGS is one of its least profitable ventures (also not speculation). Management turnover is happening (not speculation) and it's not a reach to wonder if all these changes mean something else.

I didn't make up that I heard PCGS is like to be sold. That has been circulating for some time.

 

Name one legitimate source. I really don’t care but this forum always seems to want to speculate over nothing

 

I honestly don't remember where I saw it...it could have been from others posts here at CT. But, it also makes a lot of sense. Despite what we think of PCGS, it doesn't make much money for CU.