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Rebuttal to PNG Survey - How interesting!
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<p>[QUOTE="The_Cave_Troll, post: 138092, member: 1674"]look at the date there too Airedale. 1990 was one of the low points for collectors because in the late 80's a number of Wall Street firms had formed coin investment "stocks" and a lot of money entered the hobby (especially for high end stuff) and the prices rose to astronimical highs, then in 1989 something happened and the value of those cons soffened and the investors left, many of them losing huge sums of money. The coin market collapsed and the FTC stepped in to try to figure out what went wrong. the fact that mr Hall was in trouble is being used as a ploy by the Hagers to direct attention away from themselves, but the bottom line remains that ACG and the Hagers are what they are and the PNG actions were justified. PNG is a very well respected group of dealers and they hold their membership to a very high standard. If they had failed to act then membership in PNG would have become meaningless. I appreciate their actions.</p><p><br /></p><p>Conder-Peter Davis (our forum Administrator was named in the original filing and in the one listed in the OP of this thread, so i'd say some of them (those mentioned in the lawsuit) are still around.</p><p><br /></p><p>Airedale-You have said that you are on a mission to distinguish the different grading services, could you please tell us what you are doing to meet your goal in 3 years? thanks![/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 138092, member: 1674"]look at the date there too Airedale. 1990 was one of the low points for collectors because in the late 80's a number of Wall Street firms had formed coin investment "stocks" and a lot of money entered the hobby (especially for high end stuff) and the prices rose to astronimical highs, then in 1989 something happened and the value of those cons soffened and the investors left, many of them losing huge sums of money. The coin market collapsed and the FTC stepped in to try to figure out what went wrong. the fact that mr Hall was in trouble is being used as a ploy by the Hagers to direct attention away from themselves, but the bottom line remains that ACG and the Hagers are what they are and the PNG actions were justified. PNG is a very well respected group of dealers and they hold their membership to a very high standard. If they had failed to act then membership in PNG would have become meaningless. I appreciate their actions. Conder-Peter Davis (our forum Administrator was named in the original filing and in the one listed in the OP of this thread, so i'd say some of them (those mentioned in the lawsuit) are still around. Airedale-You have said that you are on a mission to distinguish the different grading services, could you please tell us what you are doing to meet your goal in 3 years? thanks![/QUOTE]
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Rebuttal to PNG Survey - How interesting!
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