Certified Collectibles Group (CCG) Acquires Classics Incorporated 3 3

[Lunchbox-migration]

The Triumph of the Shill.

 

The Arseman Cometh in his pants with this deal

[mintcollector]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

 

Once again, NGC (owned by the Certified Collectibles Group who owns CGC) already owns NCS (a conservation company for coins). Coin collectors everywhere are probably wondering what all the 'fuss' is about as this company has been 'in house' (under the same company umbrella as NGC) for years.

 

Edited to add: If you look at how one submits to NCS and then NGC,. this may help answer the questions as to how this process will work between CGC and now Classics Incorporated.

 

 

Edited November 17, 2012 by mintcollector

[namisgr]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company.

 

 

So why has there never been a problem with CCG owning both NGC and NCS?

 

How's the health of that market fared?

[Lunchbox-migration]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company.

 

 

So why has there never been a problem with CCG owning both NGC and NCS?

 

Wow, talk about a Sleeper Shill. On the Boards for 10 years, but your first post was May of this year?

[Boozad]

The Triumph of the Shill.

 

The Arseman Cometh in his pants with this deal

 

[paperheart]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company.

 

 

So why has there never been a problem with CCG owning both NGC and NCS?

 

after i collect coins over the next 40 years, i'll give a rat's arse

[skypinkblu]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

 

Once again, NGC (owned by the Certified Collectibles Group who owns CGC) already owns NCS (a conservation company for coins). Coin collectors everywhere are probably wondering what all the 'fuss' is about as this company has been 'in house' (under the same company umbrella as NGC) for years.

 

Edited to add: If you look at how one submits to NCS and then NGC,. this may help answer the questions as to how this process will work between CGC and now Classics Incorporated.

 

 

Does NGS REMOVE restoration, so the item can be sold as completely unrestored?

[mintcollector]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company.

 

 

So why has there never been a problem with CCG owning both NGC and NCS?

 

How's the health of that market fared?

 

In my opinion, it is a necessary evil. One that is accepted and used. Think of it this way, if you have a wondeful coin collection and your house burns down, I guarantee you will call NCS. Any collector would. If you discover a 'rare' coin covered in 'grime' and horribly toned, you can use the services of NCS. It is accepted in the marketplace.

 

'mint'

[mintcollector]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

 

Once again, NGC (owned by the Certified Collectibles Group who owns CGC) already owns NCS (a conservation company for coins). Coin collectors everywhere are probably wondering what all the 'fuss' is about as this company has been 'in house' (under the same company umbrella as NGC) for years.

 

Edited to add: If you look at how one submits to NCS and then NGC,. this may help answer the questions as to how this process will work between CGC and now Classics Incorporated.

 

 

Does NGS REMOVE restoration, so the item can be sold as completely unrestored?

 

It is more done as 'conservation' (however, not every collector agrees with the use and definition of that word). That being said, have you checked out their website?

 

www.ncscoin.com

[ComicConnoisseur]

They have, they're just not replying to you.

Oh welcome back! I missed you since your second FDQ exit!

 

You'll have to point that one out to me. Good luck in finding it. (thumbs u

You really want me to go back and search for a thread from a few years ago when you where some upset at the board that you announced you were quitting? Please I think your first FDQ was in 2008 or 2009! I really don`t have the time to go search, plus this search function really sucks now.

 

 

Yep I got pissed once over something and decided to do one, I could probably find it for you. Second time? Naa, I just pissed off for personal reasons. No great announcement. It's good to know you pay so much interest in me to know what I was doing two years before you got here though. It's weird but gives me a warm, tingly feeling.

Because I like you,as you add to the board, and also you have the best board name Boozad.

How could I not be interested?

(thumbs u

 

 

[Ant-Man]

you avoid COI not by not having COI, but by not having the perception of the opportunity for COI.

 

This.

[Lunchbox-migration]

"This acquisition strengthens CCG’s commitment to promoting the comic collecting hobby and enhancing the collecting experience by offering a streamlined submission experience and a suite of services that is a win/win for both collectors and dealers. Customers who wish to send books to Classics Incorporated will be able to have them transfer directly to CGC for grading – creating a synergistic relationship similar to other CCG member companies. This efficient process saves customers time, shipping and insurance expenses".

 

Can someone please make me understand why anyone on the boards is number one shocked by this decision and number two perceiving this as a conflict of interest?

 

If anything this should make the Matt haters (you know who you are ) happy that he now cannot sell anymore on eBay starting in February.

 

What has changed in the hobby besides CGC along with Classic Incorporated doing what every other corporation tries to accomplish which is finding new ways to make more money.

 

Now minor details later to come would be is Matt and his employees going to be working in the CGC office (assuming he might be) or a business suite near by for easy transport of his orders to CGC for grading.

 

CGC has streamlined this OPTIONAL service. Why are you guys so upset?

 

It is a convenient way for a customer to take care of their books with that optional service in one shot while only having to ship their books to one place rather then risk more book damage during multiple shipments. Yes of course the obvious CGC makes more money!

 

Matt (Classic Inc.) has been doing this for years now. It wasn't a conflict of interest before just as many of you have used Matt's services in the past so why would it be a conflict of interest now? Since Matt will no longer be allowed to sell comics then I would dare to say this is very much quite the opposite effect then, no?

 

Matt and the graders have zero conflict in this process just as they did when he was in Texas.

 

All the anti-pressers for years have been yearning for the comic community to educate and make pressing less secretive. Ironic still the man so many of you and moan about has been the BIGGEST educator about pressing in the hobby in the modern age.

 

Here are the only relevant questions I feel one might want to know as as dealer/colelctors:

 

Will collectors/dealers get 10/20% off Matt's pressing services now? (assuming restro will not be discounted)

 

Will Matt's pressing prices remain the same or go up now that he is linked CGC?

 

All that has changed is you now have the option (again option) to either submit your book status-quo or pay extra to have them pressed/restored prior to grading.

 

Holy mother of god....this hobby is over.

 

Hearing the word shocking as it pertains to this business joint venture is definitely not a word that makes sense to me.

 

I am still going to send Matt the same books I did before February 1st, and I will still send Joeypost the same books I always send to him.

 

Status Quo for me as per usual (Yes Bob/Foolkiller gym and the beach).

 

Besides congratulations to Matt Nelson there really isn't anything else I have an opinion on concerning this announcement. Good for you Matt and Good Luck!

 

Comics are a commodity, thank god!

[mintcollector]

you avoid COI not by not having COI, but by not having the perception of the opportunity for COI.

 

This.

 

By this same logic most auction companies, dealers, and even some collectors would also have to adhere to a very strict model of doing business. In theory this could be possible (note I said in theory). The problem is once someone crosses the 'line' someone else will cross it too.

 

Said a different way, the fundamentals that guide any antique or collecting field are usually not done out of ethics (sad to say). I can tell you horrid stories of downright fraud and abuse in most collecting fields. The fact of the matter is at the end of the day only a small percentage of collectors and entusiasts care. Another problem that should be examined is that of these individuals that do raise concerns, each one has their own set standard of what is considered ethical and possibly unethical.

[Old Fashion PB and J]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

BOOM

[buttock]

Just wow. It doesn't even matter if you think Matt is nice and honorable, which I do. This is a cluster of a decision. To me, CGC sells trust. This erodes trust just like it did the first time the move was proposed.

 

If one company owns a company selling a service meant to increase a grade and a company which grades, that's a conflict of interest. A conflict of interest means less trust. If there were a way to know which books go through CI first, I would trust that grade less.

 

 

CGC doesn't sell trust. They sell an evaluation, and they make the rules by which that evaluation happens. It's up to us to buy into their rules, and judging by their wait times, they've had plenty of buy in.

 

If they're not selling trust, what are they selling? Trust in their grading ability. Trust in the impartiality (not grading certain people's book more favorably). Trust they won't damage your book. So on and so on.

 

They're selling an evaluation that most of their customers rely (wish?) on to make money. It isn't about trust. If it was trust, then they'd grade strictly, not loose enough to get max value out of a book. CGC isn't in business to give collectors trust. You'd like that to be the case, but it's just not their business model. Just look at their advertising (Your book is worth 10X more in a CGC slab!!!) They are in business to make money, and the best way to do that for this market is to tantalize others with the opportunity to make money.

 

Actually, you just gave me an idea, Dan...99.8 percent of my collection is not slabbed/pressed etc...maybe I should start selling more books...they will all have POTENTIAL:) :

 

Sadly, this is what the most publicly visible portion of the market has become.

[Lunchbox-migration]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

 

Once again, NGC (owned by the Certified Collectibles Group who owns CGC) already owns NCS (a conservation company for coins). Coin collectors everywhere are probably wondering what all the 'fuss' is about as this company has been 'in house' (under the same company umbrella as NGC) for years.

 

Edited to add: If you look at how one submits to NCS and then NGC,. this may help answer the questions as to how this process will work between CGC and now Classics Incorporated.

 

 

Does NGS REMOVE restoration, so the item can be sold as completely unrestored?

 

It is more done as 'conservation' (however, not every collector agrees with the use and definition of that word). That being said, have you checked out their website?

 

www.ncscoin.com

 

So comic collectors want their slabbing company to more ethical than coin slabbing companies. Is that so wrong?

[Old Fashion PB and J]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

 

Once again, NGC (owned by the Certified Collectibles Group who owns CGC) already owns NCS (a conservation company for coins). Coin collectors everywhere are probably wondering what all the 'fuss' is about as this company has been 'in house' (under the same company umbrella as NGC) for years.

 

Edited to add: If you look at how one submits to NCS and then NGC,. this may help answer the questions as to how this process will work between CGC and now Classics Incorporated.

 

 

Does NGS REMOVE restoration, so the item can be sold as completely unrestored?

 

It is more done as 'conservation' (however, not every collector agrees with the use and definition of that word). That being said, have you checked out their website?

 

www.ncscoin.com

 

So comic collectors want their slabbing company to more ethical than coin slabbing companies. Is that so wrong?

Yes. Ethics are way overrated (thumbs u

[Beige]

What will happen when CGC owns the company?

 

 

CGC will not own the company. They will be sister companies.

 

 

It is CCG that is buying Matt's company.

 

Classics only works on comics, unless they spread out to coins and cards, the issue is only relevant with CGC items...so the relationship is there, between the two parts of the umbrella company. You can try and spin it as if it's not...but they didn't "acquire" classics because they would help the coin/card business.

BOOM

 

That was the first word I wrote in the first reply.

 

[xsmr2-migration]

You guys this is a non-issue.

 

 

This parent company of CCG knows what the hell they are doing.

 

CGC and Classics Inc will be under one umbrella company but come on use some common sense. They are not going to destroy the reputation they have created for themselves by doing something shady now with the grading going forward.

 

They will keep the resto/pressing under one area and when books move from that side of the company over to the CGC side for grading they will be handled fairly. If they do this in any other manner they will kill the company and they are smarter than this.

 

If you have a problem with resto or pressing that is another subject, but this is a non-issue and nothing shady is going to happen unless they are out to destroy the company from within.

 

Love me a good Friday thread!!

 

 

This.

[gaz973]

For those who genuinely can't see how there can be a conflict of interest in the move, let me run through a couple of scenarios which should be obvious to most.

 

CGC are grading a high value book and would give it an 8.5 but grade it particularly harshly for some non colour breaking creases so give it an 8.0 or maybe 7.5. BINGO, it can be passed straight over to Matt Nelson to iron out those creases and then straight back for another submission and end up where it should've been at anyway.

 

A book is passed onto Matt Nelson for pressing before submission and he estimates the grade it will get after as a 9.2. The book is pressed and submitted and only comes back as an 8.5 which brings much dissatisfaction from the owner of the comic. This dissatisfaction can be avoided by CGC not going to hard on this book when grading.

 

Now I'm not saying that this is going to happen but the only guarantee that it won't happen is....... um, actually there isn't one. It's all down to trust which is why conflicts of interest shouldn't be allowed to happen.