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Everything posted by Stefan_W
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CGC posted it on their page, on their IG, and on their FB pages. I am sure You Tubers are shooting videos on it as we speak. Considering it is the holiday season it may take longer than usual for word to get around. For now, I suspect the ones who are unaware are those who like a social media-free holiday season (bless them), and those who opt not to see CGC announcements in general.
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Depends on what the changes are. If they find a retrofit solution using the current slabs and inner sleeves they can implement it quickly even as a stop-gap solution. If they do something like encasing the label in the sleeve it would involve a redesign of cases and sleeves followed by the manufacturing time to make the new product. That is not a short process. It will definitely be interesting to watch moving forward.
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They have a complete list of every book the individual has directly submitted, and can use the earliest known example of a forgery as a starting point and then count from there. They can also check to see if other known examples of forged books were submitted under different names. I am pretty sure that a big part of the time spent the past few days has involved pouring through all of their records and matching them up with tampered slabs. If your statement is meant to imply that more books may surface that broaden things outward I would agree with you. If you are saying it is an intentional "downplay" I would not agree at all.
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Thanks, Mike, I think the statement was excellent. The big question in my mind was whether there would be compensation for those affected and it looks as though there will be. I think this is wonderful news - I felt really bad from the start about people spending thousands of dollars on false books. Ideally the person responsible for the fraudulent slabs will get prison time but that is a much longer process so we will have to wait and let the legal end play out.
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I disagree but everyone has the right to their opinion. The one thing I 100% believe, and I think others will agree with, is that if we were all sitting around a table having a beer and maybe some wings while discussing this none of the differences in opinion we are seeing would seem quite so significant.
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Yeah. It seems that in the 164 pages and counting of discussion in this thread there is a divide between people who do not believe that work is being done behind the scenes and those who are aware of it, are helping a bit, or assume there is a beehive of activity at CGC right now. Having worked in an area where very public things hit the fan I totally understand the high pressure on the staff dealing with this current scam, and I am pretty positive people are not only working their collective butts off trying to piece everything together but that some of them may have even worked through the holidays (this last part is a guess). Others continue to argue that just because a statement has not come out yet that things are being swept under the rug and this situation is being ignored until it blows over. I don't see this division ending for a while.
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If you honestly believe that digging up and comparing photos (which is important) was "all of the work" that needs to be done as CGC sorts through all of this ..... I have no words. There is a reason why this is taking a while. I only hope that people there investigating were allowed at least some break for Christmas to be with their families.
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Yeah, for sure. What I am seeing is a big mix of people responding. Some people saying they wont buy slabs even though they weren't buying slabs prior to all of this, a few are saying that they will not buy slabs but knowing them I am sure they will if they find a good deal (human nature trumps scams), a few people who legit wont be buying, and a few people who dont care outside of the books that are directly involved. It takes all kinds to fill a freeway. I dont think we will know the impact for a while, and even then it may be hard to piece together given the scope of comic collecting. For example, is someone going to avoid buying a CGC 5.0 pre-code horror book because of all of this? I dunno but I doubt we will see that and with so few sales it would be almost impossible to tell the difference if they do.
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The interesting part will be to watch where these books land at auction early in the new year. I am guessing a bit below normal but maybe not as much as people may think unless there is a very good reason to suspect tampering (e.g., a bunch of ticks showing on the CGC image for a 9.8 book). This is what I will be specifically watching in terms of impact.
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Probably too big a generalization given that only a few books are known to have been compromised. I think people will be cautious with Hulk 181, NM 98 newsy in 9.8, ASM 234 (edit: should read 238) in 9.8, ASM 300 in 9.8, and maybe a generalized caution with 9.8 books that have MJ inserts. There are also a couple of low print run 9.8 variants that were targets. That seems like a pretty tiny portion of the graded comic marketplace.
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He is a smart guy and the best benefit of the doubt I can give him is that he probably believes that taking this course of action will force CGC to change up their holders (rather than believing he is just another You Tubers trying to use this type of video to grow his channel more). I agree with what you are saying 100% and I don't appreciate his recklessness.
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I'm jealous! My 12/1/23 shipment of moderns is still SFG. Congrats on the grades!