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Must read! Yelp reviews of PCGS
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<p>[QUOTE="brg5658, post: 1967202, member: 29751"]Why can't they get it right the first time? They can grade a coin today, and 3 weeks later decide it should have been a grade higher. If they would have just graded it properly in the first place they would have made less money. Crossover statistics are one thing, but as far as I know, <b><u>reconsideration</u> </b>statistics are NOT made public. I mean, why would PCGS want to make public the percentage of coins that when regraded they didn't agree with their own previous assessment.</p><p><br /></p><p>It's not as if that $498,000 over the past 12 months was just an unexpected expense. PCGS grades thousands of coins a day, for probably $20-30 a pop on average. Some of that cost for the 10 seconds they spend looking at each coin must go toward warranty claims, right? I mean, in what other business do people happily pay a company to look at something for 5-10 seconds (30 seconds total if 3 graders are involved) and pay them $25-30. Which, again begs the question -- why are they paying out warranties in the first place? -- Likely because they screwed something up or missed something on a coin they called "problem free". After all, they are the "experts" -- they are paid to get it right (the first time!!).[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 1967202, member: 29751"]Why can't they get it right the first time? They can grade a coin today, and 3 weeks later decide it should have been a grade higher. If they would have just graded it properly in the first place they would have made less money. Crossover statistics are one thing, but as far as I know, [B][U]reconsideration[/U] [/B]statistics are NOT made public. I mean, why would PCGS want to make public the percentage of coins that when regraded they didn't agree with their own previous assessment. It's not as if that $498,000 over the past 12 months was just an unexpected expense. PCGS grades thousands of coins a day, for probably $20-30 a pop on average. Some of that cost for the 10 seconds they spend looking at each coin must go toward warranty claims, right? I mean, in what other business do people happily pay a company to look at something for 5-10 seconds (30 seconds total if 3 graders are involved) and pay them $25-30. Which, again begs the question -- why are they paying out warranties in the first place? -- Likely because they screwed something up or missed something on a coin they called "problem free". After all, they are the "experts" -- they are paid to get it right (the first time!!).[/QUOTE]
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Must read! Yelp reviews of PCGS
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