Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Big One = PCGS Secure Plus
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 844622, member: 5629"]The above was my first and only impression of the laser tagging. I personally do not believe that PCGS sees the tagging as a deterrent to resubmissions. Rather, I believe they may see this laser tagging as quite the money maker.</p><p><br /></p><p>One thing that very many in the numismatic community seem to overlook or forget is the fact that PCGS is a publicly traded corporation. As such, their only (and legal) responsibility is to the interests of their stock holders. A publicly traded corporation must hold the stock holders' interests first. And profits are amongst those interests. As a corporate institute, PCGS could care less about the collector community. If the numismatic community benefits from their endeavor to generate profits for its stock holders, then all the better.</p><p><br /></p><p>That said, imagine the profits that could be made if you can receive a coin re-submission. Scan it through a laser scanning unit, have the coin's footprint validated through their database, and return the coin to the submitter in a new slab with the grade assigned in the database. No grader needed, just a quality control agent to compare the original grading session's photograph to the coin in hand.</p><p><br /></p><p>Now, as a quick note, for those that seem to not fully comprehend the technology we have today, for the price of a brand new SUV, you can purchase five <a href="http://www.nvidia.com/object/personal_supercomputing.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.nvidia.com/object/personal_supercomputing.html" rel="nofollow">Tesla Personal Supercomputers</a>, each of which is more than powerful enough to accomplish the footprint comparison in a large database.</p><p><br /></p><p>In my opinion, this laser tagging has little to nothing to do with security, or finding stolen coins, or any of the such. Being the "good" corporate entity they are, PCGS is enabling yet another "service" implementation ensuring higher profits for its stock holders.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 844622, member: 5629"]The above was my first and only impression of the laser tagging. I personally do not believe that PCGS sees the tagging as a deterrent to resubmissions. Rather, I believe they may see this laser tagging as quite the money maker. One thing that very many in the numismatic community seem to overlook or forget is the fact that PCGS is a publicly traded corporation. As such, their only (and legal) responsibility is to the interests of their stock holders. A publicly traded corporation must hold the stock holders' interests first. And profits are amongst those interests. As a corporate institute, PCGS could care less about the collector community. If the numismatic community benefits from their endeavor to generate profits for its stock holders, then all the better. That said, imagine the profits that could be made if you can receive a coin re-submission. Scan it through a laser scanning unit, have the coin's footprint validated through their database, and return the coin to the submitter in a new slab with the grade assigned in the database. No grader needed, just a quality control agent to compare the original grading session's photograph to the coin in hand. Now, as a quick note, for those that seem to not fully comprehend the technology we have today, for the price of a brand new SUV, you can purchase five [URL="http://www.nvidia.com/object/personal_supercomputing.html"]Tesla Personal Supercomputers[/URL], each of which is more than powerful enough to accomplish the footprint comparison in a large database. In my opinion, this laser tagging has little to nothing to do with security, or finding stolen coins, or any of the such. Being the "good" corporate entity they are, PCGS is enabling yet another "service" implementation ensuring higher profits for its stock holders.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Big One = PCGS Secure Plus
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...