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Big One = PCGS Secure Plus
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<p>[QUOTE="Breakdown, post: 845821, member: 19532"]I find the SecurePlus announcement interesting and unlike many, I am willing to wait to see how it plays out before I make up my mind about it. I suspect few collectors will use the service for their existing coins but it may be an attractive option for dealers that are looking for new ways to market some of their coins. </p><p> </p><p>I am sympathetic to persons who think this is unnecessarily complicating things or otherwise taking the fun out of the hobby. But I think the simple answer is that no one is being forced to use the new service -- they are keeping the old service in place as well. And most collectors don't submit coins anyway.</p><p> </p><p>Finally, anyone that thinks CAC is going away is in my opinion uninformed about CAC's business model. It's founded on the fact that John Albanese is a highly respected grader who was also willing to guarantee against coin doctoring and to make a market in the coins CAC stickers. The only way PCGS could truly begin to "compete" with CAC would be to hire a single grader to handle the plus grading who is on the same reputation level as Albanese. Not sure that is possible and in any event that is not what PCGS is doing.[/QUOTE]</p><p><br /></p>
[QUOTE="Breakdown, post: 845821, member: 19532"]I find the SecurePlus announcement interesting and unlike many, I am willing to wait to see how it plays out before I make up my mind about it. I suspect few collectors will use the service for their existing coins but it may be an attractive option for dealers that are looking for new ways to market some of their coins. I am sympathetic to persons who think this is unnecessarily complicating things or otherwise taking the fun out of the hobby. But I think the simple answer is that no one is being forced to use the new service -- they are keeping the old service in place as well. And most collectors don't submit coins anyway. Finally, anyone that thinks CAC is going away is in my opinion uninformed about CAC's business model. It's founded on the fact that John Albanese is a highly respected grader who was also willing to guarantee against coin doctoring and to make a market in the coins CAC stickers. The only way PCGS could truly begin to "compete" with CAC would be to hire a single grader to handle the plus grading who is on the same reputation level as Albanese. Not sure that is possible and in any event that is not what PCGS is doing.[/QUOTE]
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