Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
ReCall of Statement I made a while ago!!
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 457441, member: 5629"]One thing that I believe many people forget is a very simple truth: Every TPG is an incorporated State entity. As such, they are required to look after the desires and expectations of their investors - that is, their stock holders. Now, as most know, the purpose of purchasing stock is to bring value to a company in the hopes of returning on the investment. Now, if the company does not profit, the investors will see a loss (stock prices drop). If the TPG makes a profit, then when their quarterly reports are submitted, the public will see such profits, placing a greater trust in the company's ability to make money, and the stocks should rise, thus making the expected profit.</p><p><br /></p><p>If the corporation does not meet the investor expectations for profit, then they have failed and could face legal consequences from the stockholders. Customers are simply a necessary evil/burden to accomplish the corporation's intended purpose - to make a profit. Thus, you will have internal (some official, some not) policies and procedures that will maximize these chances to profit.</p><p><br /></p><p>Some customers have to be on the opposite end of the stick. Those are usually the ones with the minimal/smaller amount of business. In the case of the TPGs, we're talking the occasional submitter. The mass submitters, such as nationwide dealers, however, will be catered to and given "special" treatment. It's all a part of business. These are corporations we're talking about, not privately owned companies. Morals, ethics, and a desire for the customer and the industry have absolutely no sway in a corporation beyond how it could possibly raise the profit margin.</p><p><br /></p><p>It's unfortunate, but it's the way business works.</p><p><br /></p><p>Now, when dealing with a non-State entity such as a partnership or individual proprietor, the rules change drastically. The most obvious example of this that many of us see are like the difference between eBay and, let's say, Coinbug. In the same way, there is a vast difference between dealing with a TPG and your local coin shop. You can more easily gain a relationship of trust and mutual benefit with your local coin dealer buying RAW coins, than you could ever hope to hae with a TPG.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Unfortunately, I believe you will find similar favoritisms elsewhere.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Of course you should always buy what appeals to you! Whether it's raw or graded. And like I said before, TPGs do have their place in the industry, just not for collectors. If you intend to use any of your collection at some later date, then a TPG may be a good answer before selling, but only if it will truly maximize the return. There are many aspects to consider when doing so, but when collecting, only collect what you like, not what plastic it's in.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 457441, member: 5629"]One thing that I believe many people forget is a very simple truth: Every TPG is an incorporated State entity. As such, they are required to look after the desires and expectations of their investors - that is, their stock holders. Now, as most know, the purpose of purchasing stock is to bring value to a company in the hopes of returning on the investment. Now, if the company does not profit, the investors will see a loss (stock prices drop). If the TPG makes a profit, then when their quarterly reports are submitted, the public will see such profits, placing a greater trust in the company's ability to make money, and the stocks should rise, thus making the expected profit. If the corporation does not meet the investor expectations for profit, then they have failed and could face legal consequences from the stockholders. Customers are simply a necessary evil/burden to accomplish the corporation's intended purpose - to make a profit. Thus, you will have internal (some official, some not) policies and procedures that will maximize these chances to profit. Some customers have to be on the opposite end of the stick. Those are usually the ones with the minimal/smaller amount of business. In the case of the TPGs, we're talking the occasional submitter. The mass submitters, such as nationwide dealers, however, will be catered to and given "special" treatment. It's all a part of business. These are corporations we're talking about, not privately owned companies. Morals, ethics, and a desire for the customer and the industry have absolutely no sway in a corporation beyond how it could possibly raise the profit margin. It's unfortunate, but it's the way business works. Now, when dealing with a non-State entity such as a partnership or individual proprietor, the rules change drastically. The most obvious example of this that many of us see are like the difference between eBay and, let's say, Coinbug. In the same way, there is a vast difference between dealing with a TPG and your local coin shop. You can more easily gain a relationship of trust and mutual benefit with your local coin dealer buying RAW coins, than you could ever hope to hae with a TPG. Unfortunately, I believe you will find similar favoritisms elsewhere. Of course you should always buy what appeals to you! Whether it's raw or graded. And like I said before, TPGs do have their place in the industry, just not for collectors. If you intend to use any of your collection at some later date, then a TPG may be a good answer before selling, but only if it will truly maximize the return. There are many aspects to consider when doing so, but when collecting, only collect what you like, not what plastic it's in.[/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
>
Paper Money
>
ReCall of Statement I made a while ago!!
>
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...