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<p>[QUOTE=&quot;Coinchemistry 2012, post: 2443690, member: 28107&quot;]You are correct about my assumptions and that the piercing of a corporate veil requires a high bar and very specific requirements. Obviously, I would investigate the facts surrounding the underlying change in corporate structure before taking more aggressive measures.</p><p><br /></p><p>With this said, if this is simply a case of Briggs buying an insolvent company and using the equipment and name to start his own separate grading service through the LLC, then it would seem that Briggs would have stated as much.&nbsp; When Briggs simply cites a change in corporate structure, it creates the appearance that he has done so to avoid liability.&nbsp; This is further reinforced when he tries to use PCGS&#039;s retroactive amendment of its guarantee (claiming that even copper coins are no longer covered for authenticity or grade with PCGS and this was <i>not</i> a copper color dispute) to support his position that he has no liability, it creates the impression that he is merely trying to avoid liability all together. If there are relevant facts, then I would welcome him to provide documentation to support his claim.&nbsp; This is why I said that I intended to communicate with him first.</p><p><br /></p><p>With this said, I cannot necessarily agree that the LLC is completely absolved of liability when it actually cracks open the pre-existing slab with knowledge that it will not honor a guarantee.&nbsp; The old SEGS slab (and all that entails for slab collectors and there are a small dedicated group of die hard SEGS fans) was my property and by removing it from its original holder to downgrade it without permission, he arguably changed it and caused a possible loss of value.&nbsp;&nbsp; I haven&#039;t thought through all of the logical implications yet, but it is also interesting that the SEGS guarantee on its website is silent about pre-2007 coins without qualification, and if someone purchased a coin relying on his statements that it applies to all SEGS coins if this&nbsp; might impute some liability.&nbsp; In case you are wondering, I think it was in the same style holder and label as the alleged pre-2007 coin.</p><p><br /></p><p>Edited to add:&nbsp; This really isn&#039;t about money, and it was not my intention to profit from him - this was more of an issue of principle.&nbsp; It irks me when I see a TPG seek to evade guarantee without providing enough facts to provide a sound basis for doing so.&nbsp; As this happens more and more, it will only lead to greater abuses.&nbsp; If there is a simple explanation as you state, Briggs should come forward and state as much.&nbsp; It should also be listed on his site.[/QUOTE]</p><p><br /></p>

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