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Who is keeping PGX in business?

Started by Mr 9.8,

53 posts in this topic

Bosco685

Bosco685

Posted
Posted
they are not graded based on perceived value, there is a higher cost, we have been told, for the insurance costs associated with the higher value book ...not sure if that is a valid explaination or not, but I believe that is what i was told (shrug)

I've been told the same thing when I called CGC before to ask about their rates.

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G.A.tor

G.A.tor

Posted
Posted
they are not graded based on perceived value, there is a higher cost, we have been told, for the insurance costs associated with the higher value book ...not sure if that is a valid explaination or not, but I believe that is what i was told (shrug)

I've been told the same thing when I called CGC before to ask about their rates.

I believe it also has to do with type of storage and handling costs, etc... naturally, you don't leave an Action 1 sitting in a grading room, it needs "special" storage and attention (safes (shrug) ) relative to last week's modern, and I am sure there are costs associated with that hm
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Mio

Mio

Posted
Posted

PGX is a B-list competitor; but they are much faster and less expensive. Their grading is more volatile than CGC (one grader vs 3 will do that) and everyone knows their resto check has flaws, but you get what you pay for, and many people like cheap.

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DR.X

DR.X

Posted
Posted
I think both need to be kept in bussiness, CGC for all pooks is not a good Idea..

They grade pooks now? I'm getting mine out now. :baiting:

 

I never heard of POOKS. How many issues were there? hm

 

 

DRX

 

 

 

 

 

 

 

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Sal

Sal

Posted
Posted

of course pgx is cheaper and faster.

 

one grader vs. three.

 

half-arsed resto check.

 

no worry about buying back a book when the inevitable mistakes are made.

 

no security on-site outside of perhaps a safe or two.

 

 

 

i just don't understand the cheap angle. you get what you pay for, right?

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Pirate

Pirate

Posted
Posted
I could see PGX having value as a cheaper, better slab simply to protect a book, assuming you were confident in your own grading/resto detectiveness and not overly worried about resale.

 

then just put it in a mylar and save yourself $9.80

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slym2none

slym2none

Posted
Posted
I could see PGX having value as a cheaper, better slab simply to protect a book, assuming you were confident in your own grading/resto detectiveness and not overly worried about resale.

 

then just put it in a mylar and save yourself $9.80

 

:applause:

 

 

 

-slym

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Stronguy

Stronguy

Posted
Posted
I was at a little Tysons show last weekend, and there was a guy with a bunch of PGX slabs. He said they're cheaper and faster than CGC, and he likes working with them. (shrug)

 

For a lot of sellers it's all about convenience and profit (duh!)

 

Several years ago, when they were CGG, I sent in about 40 cheap moderns on a prescreen (since they only required 30). It was stuff like GI Joe and X-Men (150 - 200)... books I paid about $1 or less for.

 

As I recall I got back 27 of them in 9.6 or 9.8. It cost me less than $325 and I had them in about 2 weeks. The 9.6s all brought at least $10 (covered the cost) and the 9.8s all brought $20 (GI Joes) to $30 (some X-Men). After all was said and done I made about $600... or about $200 profit after eBay fees and book cost.

 

Had I done it through CGC and gotten similar grades I probably could have grossed $650 - $700 or so. However I would have had to wait 4 months for my books and paid closer to $550. So, you see... on some things it's all about turnaround and the bottom line.

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Mister_Comics

Mister_Comics

Posted
Posted

I use both PGX and CGC for my books. And in all honesty I make a bigger profit when I sell a PGX graded one. A lot has to do with the cost of grading. Much less money to have grading done by PGX. The only bad thing I see using PGX is that there are a lot less collectors willing to buy a PGX book. But that has not stopped me from selling any. I still have people buying them anyway. And like I said before, I make a profit. Since all my comics are originally bought by me I don't worry about the "restoration check". Seems kind of pointless when you know you have un-touched comics. For a lot of my key issues I use CGC mostly because I know collectors are gonna jump on them no matter what and I'll see a much bigger profit. But as far as regular old comics I use PGX. So for me both companies are fine.

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musicmeta

musicmeta

Posted
Posted

Sounds like you just need to get a book in a plastic "nice" looking case and it will sell regardless of the reputation of the grading company("who's grading it"), who's backing the grading company..etc...I mean "it's in a plastic case...so I want it".

 

I get the feeling it's like.....

"I don't know "joe schmo" the grader(credientials), but it's a grading company and the book is in a plactic case with a label" so let's buy it" mentality.

 

I guess convenience "CAN" overule "who is this person(s) that is actually grading my book". Interesting.

 

 

 

 

 

 

 

 

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Stronguy

Stronguy

Posted
Posted
Sounds like you just need to get a book in a plastic "nice" looking case and it will sell regardless of the reputation of the grading company("who's grading it"), who's backing the grading company..etc...I mean "it's in a plastic case...so I want it".

 

It's the iPhone mentality... "If it's shinny and from Apple, I need it."

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