Have You Ever Read The "PCGS Collectors Club Agreement"?

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Author	Replies: 4 / Views: 2,773
oih82w8 Pillar of the Community United States 7840 Posts	Posted 02/01/2012 1:44 pm I am debating on joining PCGS or NGC and was reading their agreements for joining their service. I seriously doubt that "anyone" abides by this ; "6. PCGS Coin Holders. (a) If Customer breaks open any PCGS coin Holder, it shall immediately return to PCGS the PCGS certification label and shall destroy such coin Holder. Each PCGS certification label at all times shall remain the property of PCGS. If Customer comes into possession of any Holder which is not completely sealed, Customer shall immediately return such Holder to PCGS." http://www.pcgs.com/PCGSCollectorsC...greement.pdf I seem to remember that one of the TPG was offering money (a dime?) for each return slab label. Is this still on practice? Edited by oih82w8 02/01/2012 3:15 pm Report this Post to the Staff

mitchhailey Pillar of the Community United States 1150 Posts	Posted 02/01/2012 3:32 pm I know a lot of people who PCGS would be upset with. "MY LIPS ARE SEALED, PCGS! YOU'LL NEVER GET ME TO TALK! WAIT... WAIT! NOOOOOOO! PLEASE DON'T UNDERGRADE MY '09-S VDB! Ok. Ok. I'll talk. Geez..." Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/01/2012 3:39 pm In the early years they offered a 50 cent bounty on the labels but they eventually stopped. From time to time they have paid the bounty to dealers returning a LOT of labels but in general the program has ended. Report this Post to the Staff
jbuck Moderator United States 188183 Posts	Posted 02/01/2012 5:21 pm If I buy a slabbed coin, you bet its getting cracked and I am keeping the label. I do not have to follow the rules of a club that I do not belong to. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 02/09/2012 5:29 pm Apparently, they had a three-way purpose: Any dealer doing crackouts would be exposed when sending in a batch of labels which matched the coins he sent in "raw" They could remove the crackouts from their pop reports There wouldn't be genuine labels to put in fake slabs As others pointed out, it would only apply to the submitter, much like the mattress tag your mom insisted on not removing. Report this Post to the Staff
	Replies: 4 / Views: 2,773

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