vampicker wrote: ↑Fri May 03, 2019 10:42 pm
I'll agree but only to a certain point. The same information is available to my competitors as I have access to, other than my own experience. If a company is going to offer a professional service, they should be able to actually provide it. Numerous authors and researchers can jump thru hoops to provide up to date work, but will my peers actually take the time to read it?
Some will, some won't. We can cite numerous examples on stuff on holders that demonstrate a lackadaisical attitude. I have a condition census Columbus Civil War store card token with the merchant's name misspelled. The correct spelling is on the token less than an inch away.
Expecting competence and professionalism may have become old-fashioned ideas.
I was just told you are the main guy at ANACS... So please boss, i mean no disrespect by any of this, this is coming simply from a collector/investor view and not as a VAM'er... (and it's well known i don't know how to keep my thoughts to myself)
...clueless buyers value NGC and PCGS more than any other holders. If we really want the money to flow into VAMs, we have to get the information into the hands of the companies the most money flows through, if that makes sense?
We need the companies that draw the biggest money to be fully involved if we want the biggest money being put into our market.
Case in point: *We* know my coin is a 1A1. *You* know my coin is a 1A1. *Everyone* on this forum can tell it's a 1A1 (forehead clash et al). To the layman... what PCGS/NGC says trumps all. There's people that will even buy a bad coin just for the registry points for the holder designation... The coin itself is irrelevant to some buyers. It's what the company says...
...and we need the companies to be saying the same things. It's for the benefit of the market as a whole. No layman is going to buy a $1,500 1B if they think the next company won't honor it. The differences in some of these VAMs is hard for even this communuty to agree upon in some threads. And differences mean dollars. We need everyone reading from the same book...
...even if it is their fault they are failing the test. This market passes or fails as a class. We're all boots together in this so to say.
I'm tempted to take pedigreed pictures, cross this thing to PCGS for a second 1A2 designation under my pcgs collection with their own pictures, and write a detailed letter to the editor of CoinWeek detailing how behind-the-times the research is from NGC/PCGS... But I'm afraid it would do more harm to the VAM market than good... Even though it would force their hand...
I don't envy your position boss. You are in a weird situation that i can see both sides of. As a business, you are 100% correct in making sure you have the information the others don't. As a collector, I'm not sure how much it helps. Perhaps PCGS/NGC need to outsource their designations to ANACS and then grade the coin separately. Something needs to be done to make the coins consistent though, or the VAM industry never will be.
With the utmost respect boss...
-
