Jon;
This issue has been discussed in detail on the General Forum through various pressing threads. The key thread being the one where Steve B. confirms that CGC's parent company is holding talks with Chris F. in setting up a separate company under their umbrella to provide this exact (dis)service to the marketplace.
Anybody good at providing some links for Jon to review this topic so that we can get his insight on this very critical issue. Thanks!
What i also find troubling is that for books over a certain value, CGC charges a percentage of WHAT THEY THINK THE MARKET VALUE IS. Excuse me are they a "grading service" or a "valuation service". Also how do you spell c-o-n-f-l-i-c-t o-f i-n-t-e-r-e-s-t. My gosh, what is going on out there? Jon
Jon-
How about finding out for yourself FIRST HAND. As a lawyer you must know that hearing something and experiencing it are two different things. When CGC helps value a comic we DO NOT use even near top of the market. Ask people who have been "bumped up". We have had very little complaints by people who actually USE our service about how CGC decides what a book is worth, we are ALWAYS under the market. We do not want to dictate the market but, just like some lawyer fees , we want to get paid for the work we do and the value our customers say our service adds for them.
Also, in many cases, people send in books all the time through Walkthru thinking their books are worth a fortune, we also determine that the books should not be valued that high and correct it for them by crediting their account. This happens AT LEAST once a week. Someone sends a book in valued at $20,000 and after grading it turns out the book is missing a centerfold. Recieving finds out the real value is $3000, we credit the submitter $322 ou7t of their $400.
Hmm, maybe we should not do that since that means CGC is "making" the market. Hmm, lets keep that money the uninformed collector and the ones who get ripped off by the over graders and/or con men like Dupcek give us
I think I would rather do it the way we are and let the people who do not use or service complain.
BTW- I am sorry about this. Let's get back on the topic of great comic books, which is what this hobby is really about. Bring "politics" into it is a sure way to stagnate this hobby. Hell, look at 6 years ago, politics were rampant and the hobby was stagnant.
BACK TO COMICS AND ENOUGH