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This whole episode made me upset. It leaves a sour taste in the mouth. For those people who were savvy enough to grade their coins with CGS have had a smack in the teeth. I think the relatively small customer base are being bullied.

My guess is that the relatively small customer base is about to become incredibly small if not non-existent. I only have one GCGS slabbed coin (not by me I hasten to add) and I'm inclined to crack it out anyway, so for me the problem isn't an issue. However, for those with large numbers of such coins the problem might be that the new LCGS fails fairly quickly, and if so, where does that leave all those with their slabbed coins? Not only would the coins not be checkable, but even the company that slabbed them wouldn't exist, probably meaning that the value of the slab (if any in the case of CGS) would be lost, on top of the slabbing fees themselves. If this scenario comes about, it won't be long before a CGS slab becomes a historical curiosity and quickly leaves the collective consciousness of UK collectors. That probably doesn't matter as there doesn't appear to be any premium for CGS slabbed coins anyway, but it would be a very poor deal for anyone with a large collection of coins slabbed by CGS. My advice would be if you want slabbed coins, as of now go to NGS or PCGS and forget LCGS.

A few interesting comments but what people seem to be forgetting is apart from a small number of UK buyers, CGS isn't a recognised authority on grading. T Perhaps i'm being a little presumptuous but i cant recall a buyer paying a large fee for a CGS graded coin outside of LCA.