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Acquired yesterday, seller's pics.

The database pretty much looks after itself. It's the cost of employing people to provide the service when on average they have slabbed 4,000 coins per year at a charge of around £15 per coin (on average) - annual revenue from slabbing therefore around £60k. The fee is a flawed attempt at turning a profit.

The difference with the other TPG's is that you would not have to pay to find out whether the coin is registered in their database. The whole reason for the existence of a TPG is to give the consumer comfort relating to authenticity, but not only would someone pay at the point of slabbing, but anyone who looks to buy the coin in the future would also have to pay to get the same verification...therefore the opinion is not as valid...unless someone is willing to pay twice. A fundamental flaw in my opinion

If someone wants to purchase a coin which has a history of being counterfeited, for example the 1934 wreath crown, with the other two TPG's you can input the number on their website and verify that the coin you are looking at is the coin in question, and that the data they hold matches. Do the same with CGS and you would now have to pay for that privilege, and whilst I suppose compared against the value of such a coin it may seem like a minor fee, it is nevertheless a fee that people would have to pay out before a purchase. It seems they have realised that administering the database is more of a burden than they anticipated, and whilst there may need to be adjustments to the way they operate due to this fact, which would be entirely reasonable, it seems that they have only considered their own perspective and not that of the people who use their services, or the dealers that have actively encouraged their services...it all seems very bizarre.

Surely getting it cross graded by NGC or PCGS is just throwing good money after bad, or if you are a believer in TPGs, just a waste of money? The grade assigned isn't going to change with a change of ownership. It is at the end of the day, a sunk cost, but the opinion is as valid as the day it was slabbed, whether in plastic or freed.

Have to say I am totally baffled by this. I have sent a reply to the email stating my shock and feelings about what I see as an insane move. The fee seems more like a ransom as without it surely the coin provenance is questionable. Also the whole point is to grow a business and make it something special. Surely London Coins actions here can only be to have shot themselves in the foot. I only have about 8 CGS Slabbed coins, 2 of which I recieved off Pete (PWA 1967) when I first started on the site and were he helped me getting back into the hobby. With over 200 slabbed coins and the overall uncertainty of what this will meen I am sure Pete along with many others from the forum have much more to worry about than the likes of me. I am hoping that something positive will happen soon and am waiting with bated breath to see the outcome. Fingers crossed for you guys.

Cant say i am over the moon and have over two hundred. They are still the same coin in a piece of plastic and just got to keep smiling. Pete.

I'm definately in, need a new dartboard ?

Just found out if you pay the subsciption you get a free package posted. You get a certificate,sticker and a signed photo of semra

At less than £25 each, I think the buyer will make more than that by selling them individually. There's no con involved here. The only sanity issue is how much the purchasers of the individual pieces pay looking in the future. You see single copies selling for a three figure sum on occasion - now that's worthy of a or a

And with one bid already 1933