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California Coin Dealer Hires Actors to Stand in Line
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<p>[QUOTE="19Lyds, post: 1965277, member: 15929"]I do not know that the Board of Experts meets on a regular basis. I don't even know if the members of that board even get "paid" anything as much as they act as "consultants" for opinions on this or that.</p><p><br /></p><p>I DO know that this Board of Experts consists of mostly active Coin Dealers and that having your name on that list can be a Plus for business.</p><p><br /></p><p>As for the actions of this particular Dealer, if I were PCGS, I would want to distance myself from him since this gives PCGS a black eye just out of association.</p><p>PCGS's primary business model is based upon a "public perception" of being a guiding influence in the coin grading industry. As such, they can make of break certain coins.</p><p><br /></p><p>Coin Grading is all about "opinions" but if folks don't care for your "opinion" for whatever reason, it could hurt you.</p><p><br /></p><p>IF the public "perception" changes, then their business could possibly be affected which in turn could affect the value of certain coins. I'd really hate this since my collection is not all that diversified in the slab arena.</p><p><br /></p><p>Of course, this isn't the first time that PCGS had what appeared to be a bad apple in their midst as one of the "Coin Doctor's" which they filed suit against was a founding member of PCGS which was surprising.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1965277, member: 15929"]I do not know that the Board of Experts meets on a regular basis. I don't even know if the members of that board even get "paid" anything as much as they act as "consultants" for opinions on this or that. I DO know that this Board of Experts consists of mostly active Coin Dealers and that having your name on that list can be a Plus for business. As for the actions of this particular Dealer, if I were PCGS, I would want to distance myself from him since this gives PCGS a black eye just out of association. PCGS's primary business model is based upon a "public perception" of being a guiding influence in the coin grading industry. As such, they can make of break certain coins. Coin Grading is all about "opinions" but if folks don't care for your "opinion" for whatever reason, it could hurt you. IF the public "perception" changes, then their business could possibly be affected which in turn could affect the value of certain coins. I'd really hate this since my collection is not all that diversified in the slab arena. Of course, this isn't the first time that PCGS had what appeared to be a bad apple in their midst as one of the "Coin Doctor's" which they filed suit against was a founding member of PCGS which was surprising.[/QUOTE]
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