Certified Collectibles Group (CCG) Acquires Classics Incorporated 3 3

[AnkurJ]

Attention

 

I spoke to Kenny aka Zeman via PM. He will continue to do restoration for Classics Inc but WILL NOT be moving to Florida. Matt wil move to Florida where he will do the pressing. Kenny never did the pressing for Classics Inc.

 

 

Thanks,

Ankur

[paperheart]

I'll bet dollars to donuts that the employees at CGC specifically dropped this bombshell on their way out the door on Friday, and they have a pool going on how many posts are in this thread as of a specific time on Monday morning.

They'll all pile in on Monday with cups of coffee to see which one of them wins.

 

Good job, everyone. You're being played.

 

No pool, but I'm sure it was released late on a Friday for a reason.

 

and they paid someone overtime to come on here and pass around the Kool-aid.

[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.

 

 

[Moondog]

Congrats to Matt on the deal...look forward to getting everything done on one ticket!!

 

Matt called me this evening and he is, understandably, very excited. I'm excited for him. He has worked his tail off for many years to build his business up, and this will be a huge step for him.

 

Congrats Matt!!!!!!!!!!

 

I'll never forget that feeling when I sold Moondog's to CIE. At the time it was an incredible opportunity for me, my family and my employees.

 

Matt's going to knock 'em dead down in Florida. He's earned this.

 

(thumbs u

 

[MagnusX]

 

[font:Book Antiqua]Wow... Just wow

I just came back from work and find this... this... thread.

 

I have 30 + pages to read

but I want to save some time.

 

At any point anyone mention how this movement will affect other pressing companies?

Fair market for everyone or Monopoly?

 

I really care for certain board member who do pressing service.[/font]

 

[Doohickamabob]

So CGC is expanding into providing a restoration service. Will they also be expanding into speeding up the wait times of their existing business?

[Transplant]

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.

[MrBedrock]

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.

How does adding Matt change any of that?

[lemonman5]

I'm alittle confused with all these pages. How will all this work?

 

When I submit a book, will CGC have an extra box to check off for pressing for an X amount more? Will Matt be setup with CGC at shows? Will CGC advertise Matt's pressing service at shows and their website?

 

Or is this something completely different?

Edited November 17, 2012 by lemonman5

[Tony S]

or I wonder if we could now buy a bunch of Walking Dead #1 9.6`s and New Mutants #98 9.6`s, then send them off to CGC to get pressed as 9.8`s ?

 

 

CGC won't be pressing anything. It'll still be Matt's separate company.

 

 

The same way NGC won't conserve your coins. But their sister company NCS will.

 

they acquired his co, how is that separate?

 

I'm not of the opinion this is a wise move - but trying to be fair it would be possible to have them be separate divisions. And if the graders and resto checker do not know the books came from the pressing division, then they would not get preferential treatment.

 

Problem is they have to sell that concept. How do we (the customers) know the graders and the pressers don't have lunch together? Or sit in the same meetings. Or even have a common manager?

 

I work for a goverment agency. There are Administrative Law Judges that hear appeals. They work for a completely different agency, their managers report to people outside the "chain of command" I work for. And they are instructed not to get to chummy with staff in the office.

 

So maybe it could be done that way.

[Tony S]

Will CGC now refuse to accept books from other pressing companies?

 

I am certain that CGC will NOT refuse to take books that have been pressed by other companies. For one thing it's too hard to tell if a book has been pressed - especially on high grade books pressed correctly.

 

More than likely CGC only seeks to make it very convienient to have them press and grade the books at one shot. Substantial savings on shipping costs if nothing else.

[Tony S]

[font:Book Antiqua]Wow... Just wow

I just came back from work and find this... this... thread.

 

I have 30 + pages to read

but I want to save some time.

 

At any point anyone mention how this movement will affect other pressing companies?

Fair market for everyone or Monopoly?

 

I really care for certain board member who do pressing service.[/font]

 

 

I doubt it will have an adverse affect on other pressing services. It will increase the overall awareness of pressing and what it can do.

 

A substantial portion of books pressed are returned to customers, not sent to CGC. While CGC's own pressing service will no doubt get a substantial percentage of the pressed books that come in their door, they won't get it all. And they are likely going to grow interest and awareness in pressing. Creating opportunities for those other pressing services.

[DiceX]

This whole situation demands the infamous cocklebur reference as it's the perfect fit.

 

 

[Beige]

No - no, it doesn't.

 

 

Actually - what is the cocklebur reference.

It must be rude and silly as it has the letters o c k c in it.

[nearmint]

I don't remember CGC saying that pressing was not resto, it just could not be detected, so it wasn't noted on the purple label. Asking other companies to disclose if a book being submitted was pressed? Those companies have no responsability to do so. But if CGC (or a CGC-owned entity) is providing that service & it is known, I would think it must be disclosed. If not on the purple label (highest level of disclosure), then at minimum in the graders notes (hidden from view, but available for a fee).

 

Would that put CGC at a possible disadvantage? Sure. The books they pressed would be disclosed as such, but if the book was pressed by Company X, it goes through undetected. It would give CGC a leg up in the integrity column, but there's not a whole lot of $ rolling in from being honest. I can't imagine that they would buy a service and then put books that went through it at a disadvantage within the hobby.

 

Looking for a silver lining, do you think that the census numbers will come back to reality? If books are given to Matt still in slabs, the old # could be removed (not sure if he currently submits labels with pressed books).

 

No offense, but you haven't been here long enough to remember Steve Borock, while president of CGC, posting on the boards that CGC does not consider pressing to be resto.

[nearmint]

I'm alittle confused with all these pages. How will all this work?

 

When I submit a book, will CGC have an extra box to check off for pressing for an X amount more? Will Matt be setup with CGC at shows? Will CGC advertise Matt's pressing service at shows and their website?

 

Or is this something completely different?

 

I would say yes to all, except that there won't just be a box for pressing, but boxes for all the services that CI offers.

[B3AST]

↑ checks the date at the far right

Nope not April 1st

 

 

 

 

[Tony S]

I don't remember CGC saying that pressing was not resto, it just could not be detected, so it wasn't noted on the purple label. Asking other companies to disclose if a book being submitted was pressed? Those companies have no responsability to do so. But if CGC (or a CGC-owned entity) is providing that service & it is known, I would think it must be disclosed. If not on the purple label (highest level of disclosure), then at minimum in the graders notes (hidden from view, but available for a fee).

 

Would that put CGC at a possible disadvantage? Sure. The books they pressed would be disclosed as such, but if the book was pressed by Company X, it goes through undetected. It would give CGC a leg up in the integrity column, but there's not a whole lot of $ rolling in from being honest. I can't imagine that they would buy a service and then put books that went through it at a disadvantage within the hobby.

 

Looking for a silver lining, do you think that the census numbers will come back to reality? If books are given to Matt still in slabs, the old # could be removed (not sure if he currently submits labels with pressed books).

 

No offense, but you haven't been here long enough to remember Steve Borock, while president of CGC, posting on the boards that CGC does not consider pressing to be resto.

 

It's also listed on their website here:

http://www.cgccomics.com/resources/restoration.asp

 

The pertinent quote:

Non-additive processes such as dry cleaning (non-aqueous removal of dirt, soot, or other non-original surface material), pressing (removal or reduction of bends and creases), and tape removal, are not considered restoration by CGC

[NewWorldOrder]

I know one thing, if I had been buying comic books for investment, I'd start selling 'em as quick as I can. Today's population figures are going to go out the window with the institutionalized pressing that's about to enter our hobby.

 

2002 just called and wants your post back in the thread.

Edited November 17, 2012 by Spiderman-on-Tilt

[NewWorldOrder]

CGC just paid to outsource resto check.

 

So it did not buy the pressing services?

 

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

 

So basically now instead of sending your comic books first to TX for Matt to press/restore then get mailed to CGC (FL) for grading you now just have to send them to FL only.

 

Totally new model implemented.

Edited November 17, 2012 by Spiderman-on-Tilt