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PCGS to no longer guarantee RD/RB for copper
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<p>[QUOTE="Breakdown, post: 753965, member: 19532"]I wonder how expected/unexpected this was for the big-time players in copper. I don't collect copper and have generally found it all a bit of a mystery. I will also say I suspect PCGS felt they had to make this change and probably considered numerous alternatives, like the NGC 10-year guarantee.</p><p> </p><p>I have always generally liked PCGS and don't assume the sinister motives that some do. I am sure they carefully considered this (despite the rushed nature of the spelling in the e-mail, but that almost seems market-acceptable -- see Laura Legend's reports) and made a decision they thought necessary.</p><p> </p><p>I would like to hear what Mark, Charmy, Leadfoot Mike, Illini, Doug and others knowledgeable about copper think about possible consequences.</p><p> </p><p>1. I am not sure of the effect on CAC and the red copper it stickers. I am sure they have been careful about what red coins they sticker but their guarantee may now be the most important one on PCGS red coins they have stickered (I may have this wrong).</p><p> </p><p>2. I would think this would help NGC as long as they don't follow suit.</p><p> </p><p>3. I would think a lot of people will be interested in the price PCGS red copper coins bring at FUN 2010.[/QUOTE]</p><p><br /></p>
[QUOTE="Breakdown, post: 753965, member: 19532"]I wonder how expected/unexpected this was for the big-time players in copper. I don't collect copper and have generally found it all a bit of a mystery. I will also say I suspect PCGS felt they had to make this change and probably considered numerous alternatives, like the NGC 10-year guarantee. I have always generally liked PCGS and don't assume the sinister motives that some do. I am sure they carefully considered this (despite the rushed nature of the spelling in the e-mail, but that almost seems market-acceptable -- see Laura Legend's reports) and made a decision they thought necessary. I would like to hear what Mark, Charmy, Leadfoot Mike, Illini, Doug and others knowledgeable about copper think about possible consequences. 1. I am not sure of the effect on CAC and the red copper it stickers. I am sure they have been careful about what red coins they sticker but their guarantee may now be the most important one on PCGS red coins they have stickered (I may have this wrong). 2. I would think this would help NGC as long as they don't follow suit. 3. I would think a lot of people will be interested in the price PCGS red copper coins bring at FUN 2010.[/QUOTE]
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