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CGC Bumped Up a Tier
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28 posts in this topic

Hi,

I received an email regarding my submission of Amazing Spider-Man 300 Newsstand Edition. I originally submitted it to the high value tier with a fee of $85 USD, but CGC bumped it to Unlimited Value with an additional charge of $123.50 USD. The customer service representative said this was based on the grade the book received. That's a total of $208.50. It's still in the grading/encapsulation stage, so I haven't seen the grade yet. If CGC does indeed charge 4% of fmv, then that means they deemed it worth roughly $5,200. I havent found any pricing guide that has a fmv of a 9.8 that low, but also none with a 9.6 remotely that close. (I'm not sure where CGC gets their fmv data)  Do you guys think I may have gotten that elusive and prized 9.8? Am I overlooking anything? I'm just looking for some objective opinions/comments before I go jumping up and down for joy. Thanks, and any guidance is much appreciated. (Unfortunately, I have no photos to share)

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From experience, none of their pricing formulas for "bump-ups" make any sense, so it's impossible to reverse engineer how they get the figure. 

And if it seems mathematically too low, no one wants to ask and find out that they made a mistake - it was wrong so they'll correct it and charge even more. They aren't good at math, but good at charging more.

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You likely did get the grade bump.  I’ve had this exact thing happen multiple times.

 

They seem to like to take the highest sell price in the last 6-12 months and use that as what to charge you.

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If it’s not a 9.8 they’ve got some explaining to do… a 9.6 newsstand has never sold for over 5k according to GPA data. Record was in April of 2021 for $4,750. GPA doesn’t have any recent 9.8 newsstand sales, the last one to sell sold in December for $9,750, but most books (including the non-newsstand version of 300) have dropped quite a bit since then, so maybe they’re doing some extrapolating.

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Posted (edited)
On 7/1/2024 at 1:05 PM, davidking623 said:

Interesting, a grading company with no interest in the book other then the grade they give the book . I am sure they are still a impartial grading company ! Money is not the goal only getting the grade right , interesting !

If you have a great book that gets an exceptional grade, CGC believes it is entitled to share in the bonanza.  They did the same amount of work, it's just that the book was stellar.  So they get to charge (a lot) more.

And on top of that, it's under-insured the entire time at CGC, because you or CGC did not know its actual worth.  And also under-insured when they send it back, as it will be for the Declared Value.

They tell you high value books cost more to grade because they have to pay more to insure it.  So not having to insure the "surprise" high value books for a high value, why do they cost more again???

Edited by Lightning55
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On 7/1/2024 at 10:12 AM, Lightning55 said:

If you have a great book that gets an exceptional grade, CGC believes it is entitled to share in the bonanza.  They did the same amount of work, it's just that the book was stellar.  So they get to charge (a lot) more.

And on top of that, it's under-insured the entire time at CGC, because you or CGC did not know its actual worth.  And also under-insured when they send it back, as it will be for the Declared Value.

They tell you high value books cost more to grade because they have to pay more to insure it.  So having not had to insure the "surprise" high value books for a high value, why do they cost more again???

The big clown show !

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On 7/1/2024 at 10:05 AM, davidking623 said:

Interesting, a grading company with no interest in the book other then the grade they give the book . I am sure they are still a impartial grading company ! Money is not the goal only getting the grade right , interesting !

:whatthe:

:eek:

8vlbwu.jpg

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On 7/1/2024 at 10:12 AM, Lightning55 said:

If you have a great book that gets an exceptional grade, CGC believes it is entitled to share in the bonanza.  They did the same amount of work, it's just that the book was stellar.  So they get to charge (a lot) more.

And on top of that, it's under-insured the entire time at CGC, because you or CGC did not know its actual worth.  And also under-insured when they send it back, as it will be for the Declared Value.

They tell you high value books cost more to grade because they have to pay more to insure it.  So not having to insure the "surprise" high value books for a high value, why do they cost more again???

cgcasm300gradedbehindcurtain.thumb.png.d75f9245fad003488365b2175e2a007f.png

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People need to loosen the hell up. There was nothing wrong here. The book ended up being a bigger book aka more value, they changed the tier correctly. Bunch of snow flakes in this forum sometimes. Booohooo, I hate CGC, booohooo, CGC makes me mad. Jesus, people just love to complain about everything.

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