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<p>[QUOTE=&quot;calcol, post: 2459111, member: 77639&quot;]Let&#039;s say you&#039;re a dealer who is a customer of PCGS.&nbsp; Among the last few coins sent in, you think some very valuable ones were under-graded.&nbsp; So you break them out of the slabs, and before you can send them for re-grading, another dealer makes a good offer.&nbsp; You need cash at the moment, so you sell the coins.&nbsp; A couple of months later, you see some of the same coins in PCGS slabs but at higher grades than you received.&nbsp; You recognize the coins because they are quite rare and have characteristic marks, toning, etc.&nbsp; Further, they&#039;re being offered by David Hall Rare Coins.&nbsp; Time to call regulators and consult a lawyer. Regulators and courts take a dim view of corporate insiders gaining an unfair advantage over customers.&nbsp; Could turn out to be a nothing: Mr. Hall may have acquired the coins after they were graded.&nbsp; On the other hand, he may have submitted them, and there may be a good case.</p><p><br /></p><p>The above scenario can be cast in endless variations.&nbsp; I don&#039;t think David Hall grades his own coins or is allowed to influence their grading.&nbsp; Not only would it be unethical, but probably illegal (PCGS is part of a NASDAQ-listed corporation).&nbsp; For him to do so, would fly in the face of one of the chief reasons TPG services evolved:&nbsp; put an end to dealers over-grading their stock.</p><p><br /></p><p>I would guess there is a company policy on employees, relatives of employees, and businesses owned by employees submitting coins for grading.&nbsp; Hopefully, it would be forbidden to all, but if allowed, it should be double blind: graders should not know whose coin it is; the employee should not know who graded their coin.&nbsp; Yes, I&#039;ve heard graders can&#039;t submit, but what about other employees?&nbsp; I&#039;ve done a bit of searching, but haven&#039;t found the black and white on it.</p><p><br /></p><p>Finally, Mr. Hall has said repeatedly that DHRC does not submit coins for grading.&nbsp; There was a long thread on this topic at <a href="https://forums.collectors.com/messageview.aspx?catid=26&amp;threadid=631484&amp;FTVAR_STKEYWORDFRM=&amp;STARTPAGE=1&amp;FTVAR_FORUMVIEWTMP=Linear" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://forums.collectors.com/messageview.aspx?catid=26&amp;threadid=631484&amp;FTVAR_STKEYWORDFRM=&amp;STARTPAGE=1&amp;FTVAR_FORUMVIEWTMP=Linear" rel="nofollow">https://forums.collectors.com/messageview.aspx?catid=26&amp;threadid=631484&amp;FTVAR_STKEYWORDFRM=&amp;STARTPAGE=1&amp;FTVAR_FORUMVIEWTMP=Linear</a>&nbsp; eight years ago.</p><p><br /></p><p>Apparently at one time, DHRC or its predecessor was a submission center for PCGS, but company-owned coins were never submitted, and today, it is not even a submission center. </p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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