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CGC & Conflict of Interest

Started by Hedge Collector,

42 posts in this topic

Hedge Collector

Hedge Collector

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Basing slabbing fees on the grade of the book is absolutely a conflict of interest and I have never been happy with that policy.

 

However, as Dice and others have said here, there is NO evidence that CGC exploits this by giving higher grades to undeserving books. I think they are smart enough to know that their reputation and well-earned goodwill in the hobby is worth more than the difference between a 9.4 and a 9.6.

 

You beat me to it. (thumbs u

 

Tying the grading fee to the FMV when the FMV is dependent on your grade is absolutely a conflict of interest. Period.

 

Fortunately, CGC has proven their integrity over the years, but the structure of the high value fee is by definition, a conflict of interest.

 

Exactly what I meant. Yay! I'm glad CGC has proven their integrity over the years, and hope that they continue.

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