Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Must read! Yelp reviews of PCGS
>
Reply to Thread
Message:
<p>[QUOTE="19Lyds, post: 1967196, member: 15929"]Say no more.</p><p><br /></p><p><a href="http://www.pcgs.com/Statistics/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/Statistics/" rel="nofollow">http://www.pcgs.com/Statistics/</a></p><p><br /></p><p>PCGS Crossover Statistics are a matter of public record and 37% just doesn't seem all that high to produce a "conflict of interest" argument.</p><p><br /></p><p>I too perceived this "surcharge" as a more or less "paying the piper" or a "Grades for Sale" type of scenario but then, I have no idea what process the "reconsideration" service involves. I also have no idea whom PCGS might "insure" with or what the premiums are for insuring their "opinions".</p><p><br /></p><p>Warranty claims amounted to $498,864 over the past 12 months. That's a fairly hefty "conflict of interest" loss if you're actually going to play that card and lets not forget, this is their business and they are in it to make money. Regardless of how their grades and slabs are perceived, if they were not making money, they simply would not be around.</p><p><br /></p><p>Whine all you want, its a free country but the facts speak for themselves and I simply do not see any overall conspiracy theory involved with PCGS's published practices. I may not agree with their "opinions" but then I am not financially "responsible" for my opinions.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1967196, member: 15929"]Say no more. [url]http://www.pcgs.com/Statistics/[/url] PCGS Crossover Statistics are a matter of public record and 37% just doesn't seem all that high to produce a "conflict of interest" argument. I too perceived this "surcharge" as a more or less "paying the piper" or a "Grades for Sale" type of scenario but then, I have no idea what process the "reconsideration" service involves. I also have no idea whom PCGS might "insure" with or what the premiums are for insuring their "opinions". Warranty claims amounted to $498,864 over the past 12 months. That's a fairly hefty "conflict of interest" loss if you're actually going to play that card and lets not forget, this is their business and they are in it to make money. Regardless of how their grades and slabs are perceived, if they were not making money, they simply would not be around. Whine all you want, its a free country but the facts speak for themselves and I simply do not see any overall conspiracy theory involved with PCGS's published practices. I may not agree with their "opinions" but then I am not financially "responsible" for my opinions.[/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
>
Must read! Yelp reviews of PCGS
>
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...