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Must read! Yelp reviews of PCGS
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<p>[QUOTE="brg5658, post: 1967032, member: 29751"]PCGS has had a customer service problem for years. They are elitist and far more worried about their shareholders than their customers.</p><p><br /></p><p>In the past 2-3 years, PCGS has started to have quite a "business ethics" problem, in my opinion. When they introduced their recent grading fees schedule that said that any coin upgraded upon reconsideration, or simply crossed (even at same grade) upon crossover submission, will be charged a 1% final value of the coin "guarantee premium". So, it is to PCGS' benefit to upgrade and crossover coins to generate more grading fees. </p><p><br /></p><p>And, even worse, it is to their benefit to upgrade or crossover very high dollar coins -- as it would lead to an even higher percentage-based fee. Buy a $400,000 coin in an NGC holder, submit it to PCGS for "crossover" (which cannot be blinded because the coin is still in the slab), and PCGS makes an easy $4,000 if it crosses to the same grade. <i>That's one expensive change of clothes! </i> This business practice is a textbook example of conflict-of-interest.</p><p><br /></p><p><img src="http://i1202.photobucket.com/albums/bb364/brg5658/Research/PCGS_Crossover_and_Reconsideration_zps19d0a63d.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>More recently, the "egg on the face" episode with one of their "Board of Experts" personnel (Kevin Lipton and the gold JFK fiasco), left a lot of people wanting to distance themselves from such shady business associations. </p><p><br /></p><p>Disclaimer: I own a good number of PCGS graded coins that I think are properly graded. In general, I think their grading skills are tied for #1 with NGC. But, with regard to customer service and being "collector-oriented", PCGS probably doesn't even make the top 5 TPG list. PCGS is shareholder-centric, not collector-centric.[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 1967032, member: 29751"]PCGS has had a customer service problem for years. They are elitist and far more worried about their shareholders than their customers. In the past 2-3 years, PCGS has started to have quite a "business ethics" problem, in my opinion. When they introduced their recent grading fees schedule that said that any coin upgraded upon reconsideration, or simply crossed (even at same grade) upon crossover submission, will be charged a 1% final value of the coin "guarantee premium". So, it is to PCGS' benefit to upgrade and crossover coins to generate more grading fees. And, even worse, it is to their benefit to upgrade or crossover very high dollar coins -- as it would lead to an even higher percentage-based fee. Buy a $400,000 coin in an NGC holder, submit it to PCGS for "crossover" (which cannot be blinded because the coin is still in the slab), and PCGS makes an easy $4,000 if it crosses to the same grade. [I]That's one expensive change of clothes! [/I] This business practice is a textbook example of conflict-of-interest. [IMG]http://i1202.photobucket.com/albums/bb364/brg5658/Research/PCGS_Crossover_and_Reconsideration_zps19d0a63d.jpg[/IMG] More recently, the "egg on the face" episode with one of their "Board of Experts" personnel (Kevin Lipton and the gold JFK fiasco), left a lot of people wanting to distance themselves from such shady business associations. Disclaimer: I own a good number of PCGS graded coins that I think are properly graded. In general, I think their grading skills are tied for #1 with NGC. But, with regard to customer service and being "collector-oriented", PCGS probably doesn't even make the top 5 TPG list. PCGS is shareholder-centric, not collector-centric.[/QUOTE]
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Must read! Yelp reviews of PCGS
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