When You Purchase A TPG Coin, Do You Report It To Them For Their Records?

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Author	Replies: 3 / Views: 1,001
chafemasterj Pillar of the Community United States 6514 Posts	Posted 02/15/2019 11:49 am I'm really new to slabbed coins. I've noticed that when you are on a TPG website sometimes they can tell you when it last changed hands and their estimated value of it. As a collector do you report a purchase to the respective TPG or do they get information straight from auction houses? Thanks in advance. Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Edited by chafemasterj 02/15/2019 11:57 am Report this Post to the Staff

thisistheshow Pillar of the Community United States 987 Posts	Posted 02/15/2019 12:29 pm As far as I know, you do not. Report this Post to the Staff
Alpha2814 Pillar of the Community United States 2023 Posts	Posted 02/15/2019 1:56 pm PCGS seems to get some of their information just by scraping the auction sites. For example, in this thread -- http://goccf.com/t/328661 -- PCGS CoinFacts had reported the sale price before I had the coin in my hand. I've also started organizing most of my collection in PCGS Registry Sets. In that case, I'm effectively letting them know that I have these coins by certification number and whatever photos I upload, but I haven't told them how much I paid for most of them. Even if I did, I'm not sure my numbers would go into their sales/value records because I wouldn't necessarily be providing them with reliable information. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 02/15/2019 3:49 pm You don't report anything. Their software picks up sales for them, but for whatever reason it only seems to be getting information from Legend/Heritage/Stacks/eBay for the most part. I'm not sure if there is a compatibility issue or if some of the other sources blocked the PCGS software from capturing sales Report this Post to the Staff
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