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Bio/Story of CGC
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28 posts in this topic

1 hour ago, shadroch said:

Pay no attention to the men behind the curtains. Be assured they love our hobby and comic books and would never, ever, do anything not in the best interest of the hobby and their customer base.

Right. I have no problem with the concept as it was presented originally. It was understood by collectors (or it was supposed to be) that there is no governing body with absolute authority over grading standards, so the assigned grade on a slab isn't guaranteed. Regardless of how many years someone has been involved with grading comics using Overstreet's as a grading guide, they aren't any more of an expert than a long-time collector or dealer who is every bit as versed in grading as them. Their job is grading comics following the company standards. There is no universal training program to assure consistency throughout the industry. There are no consequences for mistakes, even big ones that add or subtract thousands of dollars to the value of a comic. The quality control for these grading companies is also in-house only, and that raises the probability that standards can become too relaxed, and then over-corrected. But somewhere along the way, CGC has become the ultimate authority. The grade on the slab is the grade...period. And new collectors that come into the hobby are indoctrinated by their peers. CGC doesn't even have to advertise anymore. The collecting community does it for them. Regardless of how the company started off, as a useful tool in valuing a comic and protecting it, and a nice way to present, they currently control the back issue market. Because they are always right and will tell you that if you dispute a grade.  Because they said so.

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21 minutes ago, namisgr said:

I'm pretty sure it's Jeff Bezos.

I though he was just one of the investors, but head one of the real money men behind the curtains was rumored to be Satoshi Nakamoto. 

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