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ASM #252 CGC 9.8 Record Sale - something fishy going on? - Holder Tampering Incident confirmed by CGC
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Started by spidermanbeyond,

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Iconic1s

Iconic1s

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Posted (edited)
On 12/27/2023 at 12:34 PM, MAR1979 said:

Photo images taken by CGC should be a preventative mechanism for swapping BUT they have only been adding them to public Certification's DB since this summer and with the near blinding brightness levels of the pics I feel they are essentially useless. Meaning the level of brightness obscures much detail and fine detail.

Just thought of something else too… now that images are in the DB with the cert, perhaps ALL images ever taken of a book should be retained there, instead of just the last.

For example, a book is graded and imaged. Later it is sent in for reholder/custom label/whatever and imaged again.  Instead of the new set of images overwriting the old, keep all historical images with the cert.  This may prevent this in a high percentage of books… the scammer would at least need a better exterior match, which may make the scam no longer profitable.  Buyers can judge for themselves if the book has had any funny business happen to it since first graded by comparing the chain of images each time CGC handled the book.

Can’t imagine this would cost CGC much either.

Edited by Iconic1s
Added buyer comment.
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FlyingDonut

FlyingDonut

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On 12/27/2023 at 12:49 PM, Steven Valdez said:

Joke as we may (and I do) but I don't see CGC recovering from this. They're done.

No they're not. This will go away, like every other CGC "scandal" over the last 25 years.

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drotto

drotto

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On 12/27/2023 at 2:21 PM, FlyingDonut said:

No they're not. This will go away, like every other CGC "scandal" over the last 25 years.

I agree CGC will come back.  They will make some changes to policies, and may add some tampering protections.  The current slab is also 6 or 7 years old, and is already Gen 3, so it could push a redesign.  That will not be fast, so do not count on it.

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Kripsys99

Kripsys99

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Speaking for myself, this latest CGC scandal hits different than previous ones (acetate gate, etc), and has really shaken my confidence in CGC as a brand (and I say that as someone who is enough of a fan of their products that I post on the company's own message boards).

If - as recent videos suggest - slabs can be opened, books switched out, then closed again seamlessly (to the point that even CGC cannot readily pick up on it), that's a game changer. It undercuts CGC'S entire business model, which to me at least is providing some guarantee to comic book buyers (primarily online) that they are in fact getting the book they paid for.

In the last few days, I came close to pulling the trigger on buying a number of books for my collection, but decided not to. The deciding factor in holding off? All CGC graded books are now suspect in my eyes, at least until I hear from CGC, and see how this latest scandal shakes out.

Frankly, I have more faith in Voldys at this point. I've never noticed a huge difference in the service provided by CGC vs Voldys, other than the difference in value the market imputes to the same books encapsulated by each company. And that difference in value makes me think that Voldys are less ripe fruit for fraudsters at present.

I hope CGC responds to this, and that they come up with a system to address the community's understandable concerns about the current integrity of their products. Until then, I'll be exercising extreme caution in purchasing CGC graded books, if I purchase them at all.

 

Edited by Kripsys99
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lostboys

lostboys

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On 12/27/2023 at 12:08 PM, Steven Valdez said:

So.... who's planning on submitting their books for grading or buying any slabbed books in 2024?

Not joking.

 

I planned on buying a ASM 129 in  the 9.0 - 9.2 range when my income tax refund came.

 

Not anymore.

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MatterEaterLad

MatterEaterLad

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On 12/27/2023 at 11:05 AM, Heronext said:

Could you clarify whether the CGC fan page on Facebook is actually administered/moderated by them or just some fans?

Unknown. I can't remember the name of the main mod, but he bans anyone who says anything even slightly negative about CGC.

The group is called CGC Comic Fans. 

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skybolt

skybolt

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On 12/27/2023 at 1:28 PM, Kripsys99 said:

Speaking for myself, this latest CGC scandal hits different than previous ones (acetate gate, etc), and has really shaken my confidence in CGC as a brand (and I say that as someone who is enough of a fan of their products that I post on the company's own message boards).

If - as recent videos suggest - slabs can be opened, books switched out, then closed again seamlessly (to the point that even CGC cannot readily pick up on it), that's a game changer. It undercuts CGC'S entire business model, which to me at least is providing some guarantee to comic book buyers (primarily online) that they are in fact getting the book they paid for.

In the last few days, I came close to pulling the trigger on buying a number of books for my collection, but decided not to. The deciding factor in holding off? All CGC graded books are now suspect in my eyes, at least until I hear from CGC, and see how this latest scandal shakes out.

Frankly, I have more faith in Voldys at this point. I've never noticed a huge difference in the service provided by CGC vs Voldys, other than the difference in value the market imputes to the same books encapsulated by each company. And that difference in value makes me think that Voldys are less ripe fruit for fraudsters at present.

I hope CGC responds to this, and that they come up with a system to address the community's understandable concerns about the current integrity of their products. Until then, I'll be exercising extreme caution in purchasing CGC graded books, if I purchase them at all.

 

If CGC takes ownership and implements the necessary changes, they can come out stronger from this situation, just like I do when my wife tells me to get off my lazy behind and fix stuff around the house!

Edited by skybolt
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Ron C.

Ron C.

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On 12/27/2023 at 2:49 PM, MatterEaterLad said:

Unknown. I can't remember the name of the main mod, but he bans anyone who says anything even slightly negative about CGC.

The group is called CGC Comic Fans. 

I disagree with the contention that no criticism of CGC is allowed on that FB site. You can't post Voldy books and you need to be civil in your interactions with others. 

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