The whole freakin' purpose of grading is so that you have a clear idea of condition of a book. Now that information is going to be hidden behind a paywall?! This is a horrible move.
Subscription based paywall to boot. Yeah, like I want to pay for a service to look up (by punching in a 12-14 digit code… not a QR scan and go code) each time I’m considering buying a graded book? Not likely. Don’t think sellers will get off easy either, I’m going to ask for the notes and if you don’t have readily available, I’ll just shop elsewhere. so, it’s going to cost you time and effort to produce/provide this info (i.e. print it out and attach) to every book you want to sell. Bad for the community all-around IMHO. Oh well, the rich get richer and the schmucks just get a sticker (and a plastic slab)… unless they pay $25 a year and hand over their identity to these f’rs.
@@tshew1I plan to add grader’s notes to my listing description for any book that is less than a 9.8 I am selling. As a seller, that is the right thing to do. A buyer should not have the burden of looking them up.
Why can’t all graders notes be printed on the back of the label for every book? When someone sends a book in they pay for this service. It’s pure greed to charge others to look at those notes that have already been paid for.
I 100% agree with that as well. It's already that way on the custom labels. Just put them on the back, thus preserving the presentation but still informing potential buyers of what they're looking at.
They were sick of having to reslab when they missed shit... Like they do all the time. Now all they have to do is update the grader notes and not have to pay for shipping and reslabbing the book
Once again another positive to CBCS, all i have to do is scan a QR code, and see the notes, I can do that write in the store or on the convention floor. It is a good step that CGC is offering access to the notes for members.
I don't deal with CDC but if I'm dealing with ANY VENDOR, I want to know if. ANY missing pages or cutouts affect the story, which is why I'm buying the darn thing in the first. place! A coverless older comic, I MIGHT pay 2 bucks for, if itwas otherwise complete from the Golden or Silver Ages...but cutouts, missing pages or bodily product damage, human or animal, should be disqualified for sale!
They have already started before this came out. I was watching automatic comics and he showed a book with the centerfold detached and it wasn't listed on the book.
Also, there are random occasions where CGC just doesn't list grader notes. I'd hope any 7.0 or lower would have them, but I've definitely had 8.0's that have no notes.
With this change, CGC will now need to provide accurate grader’s notes for any book under a 9.8. If they don’t, this will be a bigger issue for the collecting community.
@@timreierson26 that’s some wishful thinking. Every change they make is so they have less work to do and so they don’t have to take any responsibility for the mistakes they make. It started years ago when they changed their grading standards to vague one sentence descriptions.
I just got back my first ever submission from CGC and this is already happening. My ASM 50 has what looks like a tape pull on the cover (grader notes call it a scuff) but it's not mentioned on the label. If this was sold on a Whatnot auction, you'd never have the time to search for the notes and unless it was called out, I'm not sure you would see it at first glance.
my first thought was that it was tailored for sellers to be able to get more for a book by not noting defects on the label where the novice buyer may not even know about grader notes. and by sellers, probably big sellers who have influence on this ‘impartial’ grading company
No question that the big sellers are the “prominent members of the collecting community.” As for novice buyers, it will now be the responsibility of every buyer to be educated on how the market works.
I would think the defects are inherent to the grade. One collector may value a set of defects differently than another, but a CGC 4.5 is a CGC 4.5, and you can get an FMV on that 4.5 from GoCollect or GPA. I doubt novice buyers are looking to crack and upgrade, but if they are, anyone looking to do so should already be pulling up the graders notes. And, if as a collector there's certain defects you won't buy, then you should already be looking at graders notes, especially for books Fine + and below. I dont think this was about big sellers or really any member of the community outside of those with ownership interest in CGC. This was about putting more behind the pay wall to milk out more money from the crack and improve crowd and the fairly sizeable portion of the collector community that is picky regarding what they would and wouldn't buy.
$25 bucks a year for the lowest tier of membership on CGC. Then you could go the the "Resources" tab and go to the "Verify CGC certification," submit the number of the books and the low down will be shown. Not a high price to pay for information on a yearly basis if you only buy slabbed books from other owners. It is what it is folks. You can either go with it, ask the seller for all notes or choose another grader. Best to all.
All the grader notes should be listed on the back of the label! Now we have to study grader notes every time we buy a book what a pain in the butt. No more CGC for me.
Well I'm done with cgc if this is implemented and not reversed. I'm not taking a chance of getting a book with an affected story. I can handle missing pages or pieces that does not affect story but with story affected that's a huge difference. I'm not paying a yearly fee to see grader notes. This is nuts! Thanks for information 👍
If you are really done with CGC where are you going? Sorry but buyers will still prefer CGC over the other grading companies. Despite this change, I won’t buy a non-CGC slab.
@@timreierson26 Well to be fair. I have a 7000 issue personal collection with less than 100 slabs and not all are CGC. Most of those have been bought over the last 12 months though. I will go back to purchasing raw books or CBCS. CBCS at least will continue to document on label. So really I do not care what everyone else does or collects, there are many ways to collect in this hobby and none of them are necessarily wrong. I just think this is going to hurt the collection market more then help, More to the actual collectors much less to the investors and speculators( it may "help" the 2nd two groups). That is all fine. I am just saying how I will continue to collect from this point.
@@JR-si5tv Makes sense. I am a longer term investor so my perspective can be different. As you insinuate, there are different ways to collect. It isn’t a one size fits all. I get your perspective. Thanks for sharing it.
@@ComicBookInvestments you made all the key points...if something isn't readably noticeable it should be documented. Not all of us know how to grade so we rely on CGC to do that work for us so we can make good purchase decisions.
How people continue to patronize CGC is beyond me. So they won't list a missing panel or incomplete book on the label, but they'll continue to list "coverless" and stickers, both of which are usually obvious at first glance? So basically they hiked their prices, and are now scaling back what you get for those services on the final product-- which translates to another a non-monetary de facto price hike. Great business logic here... and yet people continue to support them. The biggest thing will be if you happen to buy a graded book on the secondary market, you can no longer be sure of what you're buying-- giving more leeway to an unscrupulous seller. When you support CGC, you are supporting BlackRock... food for thought.
CGC is selling its integrity to its major revenue sources! A terrible strategy. A label is there for one purpose - to provide information regarding the comic in the case. The credibility and trust of the broad comic collector community has been earned by CGC. That same award of trust can be withdrawn and replaced with skepticism and distrust. This initiative to eliminate important differentiating information about the sealed comic cheapens the value of their grading service and partnership with the collector base. A well run company with an interest in its customers preferences will admit its mistakes and withdraw this unwelcome initiative. CGC would demonstrate its role as a steward of comic grading integrity. This show of alignment and understanding with the community can actually further strengthen and deepen the same connection it would otherwise damage. What will CGC do?
Agree across the board. Bad move on CGC's part. Two price hikes in a year and now this? When corporations get involved, it's no longer about the product, it's all about the bottom line.
A grading company should list every and all defects on the back label. We should not have to go online and look up grader notes. And sometimes, they don’t even records any notes. I sent 40 books in and only received 5 graded notes. They are becoming lazy, cheap and unprofessional. I’m done with CGC!
You’re taking this SUPER well and are VERY understanding. Compared to everyone else, receiving this news. But part of me wonders...if it was any other grading company, would they be getting the same treatment????🤔 CGC gets business because of the services they provide. Start changing them or taking them away, regular people are gonna jump ship. Of course the diehards will stay regardless
The things is as I mentioned in this video. A few years ago it was way worse so two steps forward one step back. Also I am a member so I’m probably biased as I already use the free notes. I just think it’s dumb how some things aren’t on the label.
Hi Dave. Great work on this channel and I always look forward to each video. When it comes to the changes I look at it this way: When the book is graded the defects are reflected in the score. If I am showing a slabbed book to friends, family and others I do not want a label that lists everything wrong with the book. For example, the point to highlight is that I have that Key in a 2.5 and not to point out that it is missing a staple, etc. In a way it is reminiscent of the near mint, very fine, fine scoring system in that the grade provides the sense of the overall condition of the book. If I am buying or selling a book it is probably of enough value that I should do my due diligence and this does make that more difficult. But overall, the cleaner label works for me. Keep up the great work. Cheers.
If I ever consider buying a book with a missing page it would be nice to know what page is actually missing without having to read online graders notes. That should always be on the label. Sneaky way for cgc to get more collectors to pay for memberships to have access to graders notes.
In addition to making people pay for CGC memberships, they are also incentivizing people to send back their books with defect notes for reholder a that won’t have those notes. Total money grab.
Will auction houses and buyers now be responsible to disclose any defects? I would now expect Heritage e.g. to disclose grader notes or defects in their book description. If they don’t and I buy a defective book that is not transparent, I would not pay for it.
I just wish they put more graders notes in general. I just got a box of 25 back , I had no graders notes at all. Not all books were perfect. But no explanations is bizarre to me, i wish they would make more use of it so we know why we got a certain grade, I would like to learn from it.
It’s honestly a reason for me to get out of the comics altogether and just focus on cards again. I love comics, but I don’t submit for grading and I don’t like the idea of being forced into a lifelong membership just to be a buyer/seller/collector, if I’m understanding the changes correctly. Thanks as always sir. #peace ✌️👍
@@ComicBookInvestments thank you so much for the reply. I love the hobby and it blends well with cards, which I’ve collected since I was a kid. I just hope CGC eventually realizes their mistake here and corrects course. Not sure I’ll ever reach your level of knowledge in comics or be able to keep up with it all at my age now, so I definitely appreciate everything you take the time and energy to do for us in your videos. #respect ✌️
I think you nailed it... CBCS is owning this where it's free available for everyone with the QR code... I would prefer to have all the graders notes on the back as you mention as well, the entirety of it. Now the graders notes becomes something I would expect to be added to sales listings of higher value books...
There are so many people who love buying graded books that have never submitted a book to be graded. This is absolutely a money grab to force more people to buy memberships.
I laughed a little when you said don't have the money for graders noted if you are buying an af15. But I get the point. Good content. Didn't see this news from cgc
I think that the use of “Affects Story” is very important and informative for a graded comic. What if that page missing is the key significance of that comic?
The fact they say a few times that this was input from "Prominent members of the community" a.k.a. people who have memberships and access to the graders notes is such bullshit. Most collectors don't have access to the graders notes. This is such a stupid self inflicted wound. Just gives everyone a reason to start moving over to CBCS more. They better either back track this or make graders notes free to everyone.
I think it’s a huge deal to say if the book is incomplete or not and whether it affects the story. I agree with you on the visual defects if they are there and you miss them then shame on you. However, the entire point of certification is to find out what is wrong with the book and how it impacts the grade. Why hide the most important pieces of that information? Who is asking for less critical information on a label? This is just another instance of a company putting their profit over the interests of the people they derive that profit from. It’s a shameless money grab. Thanks for getting this info out there!
hey cgc, i didnt get as much as i wanted for my book because your label alerted my potential buyers to a defect on the book. why do you put it on the label when they can see it in the grader notes, it’s redundant. and if they don’t know to look or where to look, then too bad, they didn’t do their due diligence. but at least i can maximize my profit when selling these books that i paid you to grade. that’s your feedback from prominant members. i don’t think they are after the memberships.
For sellers of slabbed comics: It is now incumbent upon you to include the grader notes with each sale. If you don't, one cannot possible know all the reasons why the comic was graded as it was. This is just a scam by Blackrock to make more money. It's obvious. Once Blackrock geniuses took a look at how to make greater efficiencies and more money from their new aquisition, it was an easy catch: "Hey let's make it so anyone who buys and sells graded comics, not just those who send comics to be graded, has to subscribe to CGC. That's a minimum of $25 for anyone who wants to really know why their comic has the grade it does." Response by management? "Make that guy a VP."
@@ComicBookInvestments Even more of a reason for them to take advantage. If they can promote their expertise and perhaps lower prices (espeically after their recent time guarantee), this would go a long way in getting market share. If my competitor thought they were too big to fail, I would be shouting this from the rooftops and commercially gutting them with big price decreases and investment in expertise. It's a zero sum game and the market wants more from their graders. Give the people what they want and they will love you for it.
Seems like a whack money-making scheme by CGC - if I owned an Amazing Fantasy 15 1.0 INCOMPLETE, then I'm now tempted to send it in AGAIN and receive the same label without "INCOMPLETE" and/or other negative words on the slab. CGC are going down hill IMO. All internal and spine defects SHOULD be noted on the slab.
They'll still say "missing pages" if it's missing pages... the incomplete mention is repetitive... I don't think your example holds up. 2nd: if you're rolling with an Amazing Fantasy 15 in any grade you definitely already have access to full notes on all slabs via membership...
@@Chris-es3wf I should say that it will no longer say "incomplete story" on it - which is where the temptation of resending books might come into it - so it loses aspects of it's negative wording and specific short-comings.
@@TheComicVault that's the 2020s business model. Make everyone pay for cloud storage in perpetuity, regrade your comics in perpetuity, have a comic membership in perpetuity
$25 a year is not bad IF you want to be a member. What is bad is trying to make people pay that just to see the graders notes... something that used to be on the label FOR FREE. I'm not a member and will not be paying the $25 dollars. I'll just request the seller include them with their sale or... NO SALE!
I agree with everything you said tbh, if they made grader notes actually free and accessible by a QR code i'd be down for that. BUT big deal things like MVS cut out etc have to be listed clearly IMO
This sucks, just a money grab for a steady flow of money....they want you to pay annually for the grader notes. This is cbcs chance to step it up, change label and speed up return dates.
can you image what this will do for their business: they'll be tens of thousands of books being re-slabbed with the truncated label. Will MVS be included....every Hulk #181 that's missing that 'coupon' will get redone - gets rid of the 'incomplete' off it too! There's a guy on IG who invented his own slab...and it has full grader notes on the back. awesome!
Good post. Three things. (1) Does CGC have data that more people want CGC to not include those items on the label than people who would like those descriptions to stay on the label? (2) Now that CGC is owned by Blackrock, it will only to continue to reduce aspects of the service while regularly raising costs. Why, there are many more "middle-men" now between the comic collector and the grading / slab service. Think what happened to healthcare costs after the creation of HMOs. We were told it would make healthcare cheaper. Stupid. No way adding more and more middle-men can make anything cheaper. (3) All this is designed to make more money because now EVERYONE will have to subscribe to CGC in order to get notes that are no longer on the label. In short: Greed. Dude, use your youtube to spread a call to insist that CGC retract this policy. As a general rule, the less information the worse for collectors.
As a consumer, the label (front or back) should contain ALL relevant information on the book. Anything that's missing should be noted. As well as writing on the interior. Feels like a step backwards for CGC.
I already don't buy CGC books graded between 3/2016 and 9/2016 because those cases damage the book. Now I won't buy any graded after they start this nonsense.
It’ll be a process but I think people will slowly migrate to other graders as time goes on . I mean how much money do they think that can charge for grading etc ? ,then take 8 mos. to a year to do the work then make you pay for a subscription on top of it to get all the details ? It’s called gouging the customer at this point .
but CBCS labels still disclose latent defects such as spine splits, replaced staples, interior tape, etc. CBCS narrowed the reputational gap it has with CGC today.
Just go Raw! it is cheaper and guess what you can enjoy the book as you can read it anytime you want. This is greed on CGC and the Big movers and shakers trying to sell their defect books for bigger dollars.
If I buy a CGC book from a dealer or online, how will I check the book for a internal defect like missing pages, coupon filled out, etc. w/o a means to do so like at a convention.
So now before we buy any CGC book, we'll have to pay membership and go to their site to learn all the 'minor' details about the book ... such as detached cover or centerfold.
This is going to make it harder to justify spur of the moment decisions for auction bids, like when you see a cool book sitting a bit low. In those cases I usually rely on expanding the photo, looking over the books, and seeing if there are any slab notes. It isn't ideal, but not as bad as the restored books with the fancy designer labels that were blue.
I am not a CGC member. I have never submitted a book to CGC as I prefer raw. Notwithstanding, I buy CGC books now and then and rely upon this type of disclosure in order to know exactly what I am buying. So as you say, it is nothing more than a money grab to force people like me to subscribe. Also, will there be a way for me to tell if a book was graded before or after this policy goes into effect? Will buyers like me now have to badger sellers to provide grading notes (partly because this a benefit to sellers?) It seems they are doing everything they can to help CBCS gain market share?
Will some sellers include a separate piece of paper including grader notes with each book when they sell them. If I’m buying a big time book I want those grader notes now.
Personally, I think this was a really bad idea. I buying mostly golden age books and knowing whether or not it is incomplete is important. This just makes the company look bad. What they should do is allow free members to see the notes too.
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The whole freakin' purpose of grading is so that you have a clear idea of condition of a book. Now that information is going to be hidden behind a paywall?! This is a horrible move.
That’s why I use PGX cheaper and quicker turnaround time
Subscription based paywall to boot. Yeah, like I want to pay for a service to look up (by punching in a 12-14 digit code… not a QR scan and go code) each time I’m considering buying a graded book? Not likely.
Don’t think sellers will get off easy either, I’m going to ask for the notes and if you don’t have readily available, I’ll just shop elsewhere. so, it’s going to cost you time and effort to produce/provide this info (i.e. print it out and attach) to every book you want to sell. Bad for the community all-around IMHO. Oh well, the rich get richer and the schmucks just get a sticker (and a plastic slab)… unless they pay $25 a year and hand over their identity to these f’rs.
It's super easy and actually a lot cheaper to tell the condition of a book when it's not slabbed. Read more comics.
@@tshew1I plan to add grader’s notes to my listing description for any book that is less than a 9.8 I am selling. As a seller, that is the right thing to do. A buyer should not have the burden of looking them up.
@@Mike_oliver1313 🤣
Why can’t all graders notes be printed on the back of the label for every book? When someone sends a book in they pay for this service. It’s pure greed to charge others to look at those notes that have already been paid for.
Pgx does puts them on the back of the book
@@Mike_oliver1313 unfortunately, many buyers including myself will never buy a PGX slabbed book.
@@timreierson26 that’s a shame I’ve sent many books to PGX and there turn around time is top notch and so is there Customer service and prices!
I agree, the grader notes should be on the back of the label.
I 100% agree with that as well. It's already that way on the custom labels. Just put them on the back, thus preserving the presentation but still informing potential buyers of what they're looking at.
Just got this response from a CGC admin: 'Centerfolds detached below 5.5 will no longer be listed on the label.'
“Prominent Members” must equal “Black Rock Investors!” 🤬
I'm making another guess. The big auction houses
I'd be interested to find one of the "prominent collectors" that wanted this...
Exactly. It was just the board to make more money
Likely places like Heritage, My Comic Shop and other auction houses. The ones they send promotional emails about every other day.
I'm glad many of us covering this issue in the community are saying the same things. I haven't heard one individual that thought this was a good idea.
This is very concerning. Now you HAVE to be a member in order to see what defects are present in the book.
Exactly. I didn’t like that part
They were sick of having to reslab when they missed shit... Like they do all the time. Now all they have to do is update the grader notes and not have to pay for shipping and reslabbing the book
@L Ron Cupboard I concur
If they wanted to make a change, I would have preferred to have seen MORE grader notes on the back.
What a boneheaded move. Unbelievable.
THEN PUT THE GRADERS NOTES ON THE BACK LABEL! THIS IS INSANE!
Also from the same CGC admin: 'detached covers will no longer be listed on the label.'
They say members asked for this but yet not one member that I’m aware of has came out and applauded this decision
Auction houses asked for this
No one's gonna look up grader notes on last minute bids
I like the idea of all major notes on the back. And if there are minor notes or too many, they can have a note that says “see database for more”.
Once again another positive to CBCS, all i have to do is scan a QR code, and see the notes, I can do that write in the store or on the convention floor. It is a good step that CGC is offering access to the notes for members.
It's there job to inform everyone condition...now there cutting corners
This benefits the big auction houses
No one has time to look up a label when bidding on heritage or comic link.
Maybe that is the “community” they were talking about that wanted these changes lol
@@ComicBookInvestmentsCorporate greed at it's it best, it's ruining my beloved hobby
I don't deal with CDC but if I'm dealing with ANY VENDOR, I want to know if. ANY missing pages or cutouts affect the story, which is why I'm buying the darn thing in the first. place! A coverless older comic, I MIGHT pay 2 bucks for, if itwas otherwise complete from the Golden or Silver Ages...but cutouts, missing pages or bodily product damage, human or animal, should be disqualified for sale!
Seems like one of the biggest complaints with their service was the lack of transparency in their process. This moves even more towards obscurity.
They have already started before this came out. I was watching automatic comics and he showed a book with the centerfold detached and it wasn't listed on the book.
R.I.P. CGC comics corporation.
Also, there are random occasions where CGC just doesn't list grader notes. I'd hope any 7.0 or lower would have them, but I've definitely had 8.0's that have no notes.
Anything under a 9.8 should have at least one note.
With this change, CGC will now need to provide accurate grader’s notes for any book under a 9.8. If they don’t, this will be a bigger issue for the collecting community.
@@timreierson26 that’s some wishful thinking. Every change they make is so they have less work to do and so they don’t have to take any responsibility for the mistakes they make. It started years ago when they changed their grading standards to vague one sentence descriptions.
I just got back my first ever submission from CGC and this is already happening. My ASM 50 has what looks like a tape pull on the cover (grader notes call it a scuff) but it's not mentioned on the label. If this was sold on a Whatnot auction, you'd never have the time to search for the notes and unless it was called out, I'm not sure you would see it at first glance.
So now when I buy a book,unless I look up the graders notes with a paid membership, I could be buying an incomplete book and not know it.
Kinda defeats the purpose of slabs. I'll stick with top loaders for my keys.
my first thought was that it was tailored for sellers to be able to get more for a book by not noting defects on the label where the novice buyer may not even know about grader notes. and by sellers, probably big sellers who have influence on this ‘impartial’ grading company
No question that the big sellers are the “prominent members of the collecting community.” As for novice buyers, it will now be the responsibility of every buyer to be educated on how the market works.
I would think the defects are inherent to the grade. One collector may value a set of defects differently than another, but a CGC 4.5 is a CGC 4.5, and you can get an FMV on that 4.5 from GoCollect or GPA. I doubt novice buyers are looking to crack and upgrade, but if they are, anyone looking to do so should already be pulling up the graders notes. And, if as a collector there's certain defects you won't buy, then you should already be looking at graders notes, especially for books Fine + and below.
I dont think this was about big sellers or really any member of the community outside of those with ownership interest in CGC. This was about putting more behind the pay wall to milk out more money from the crack and improve crowd and the fairly sizeable portion of the collector community that is picky regarding what they would and wouldn't buy.
And I just thought I was pissed when they stopped the coupon benefit
$25 bucks a year for the lowest tier of membership on CGC. Then you could go the the "Resources" tab and go to the "Verify CGC certification," submit the number of the books and the low down will be shown. Not a high price to pay for information on a yearly basis if you only buy slabbed books from other owners. It is what it is folks. You can either go with it, ask the seller for all notes or choose another grader. Best to all.
If anything, I'm voting for notes to be moved and elaborated on on the back of the label. Keep the front clean and simple.
All the grader notes should be listed on the back of the label! Now we have to study grader notes every time we buy a book what a pain in the butt. No more CGC for me.
It's kinda nuts that CGC doesn't have a mobile app just for checking grader notes/etc.
Well I'm done with cgc if this is implemented and not reversed.
I'm not taking a chance of getting a book with an affected story. I can handle missing pages or pieces that does not affect story but with story affected that's a huge difference. I'm not paying a yearly fee to see grader notes.
This is nuts!
Thanks for information 👍
They said that they will continue to note if pages or MVS are missing.
@@cwwheelz yes but they are not noting if it affects story or not that is the issue.
If you are really done with CGC where are you going? Sorry but buyers will still prefer CGC over the other grading companies. Despite this change, I won’t buy a non-CGC slab.
@@timreierson26 Well to be fair. I have a 7000 issue personal collection with less than 100 slabs and not all are CGC. Most of those have been bought over the last 12 months though. I will go back to purchasing raw books or CBCS. CBCS at least will continue to document on label. So really I do not care what everyone else does or collects, there are many ways to collect in this hobby and none of them are necessarily wrong. I just think this is going to hurt the collection market more then help, More to the actual collectors much less to the investors and speculators( it may "help" the 2nd two groups). That is all fine. I am just saying how I will continue to collect from this point.
@@JR-si5tv Makes sense. I am a longer term investor so my perspective can be different. As you insinuate, there are different ways to collect. It isn’t a one size fits all. I get your perspective. Thanks for sharing it.
So happy you covered this, very displeased!
Ya not a fan of this. Some of it I agree. Like the 3 hole punch. But not all of it
@@ComicBookInvestments you made all the key points...if something isn't readably noticeable it should be documented. Not all of us know how to grade so we rely on CGC to do that work for us so we can make good purchase decisions.
The real problem is that you have to buy a membership to get the graders notes.
CGC has us by the balls! Can we do anything about it.? Probably not since cgc books fetch more money than the others..
How people continue to patronize CGC is beyond me. So they won't list a missing panel or incomplete book on the label, but they'll continue to list "coverless" and stickers, both of which are usually obvious at first glance? So basically they hiked their prices, and are now scaling back what you get for those services on the final product-- which translates to another a non-monetary de facto price hike. Great business logic here... and yet people continue to support them. The biggest thing will be if you happen to buy a graded book on the secondary market, you can no longer be sure of what you're buying-- giving more leeway to an unscrupulous seller. When you support CGC, you are supporting BlackRock... food for thought.
They can't even get through submissions. I'm waiting on 19 books I submitted through my lcs over a year ago.
Been flaming the CGC forum all day...suggest all do
CGC is selling its integrity to its major revenue sources! A terrible strategy. A label is there for one purpose - to provide information regarding the comic in the case. The credibility and trust of the broad comic collector community has been earned by CGC. That same award of trust can be withdrawn and replaced with skepticism and distrust. This initiative to eliminate important differentiating information about the sealed comic cheapens the value of their grading service and partnership with the collector base. A well run company with an interest in its customers preferences will admit its mistakes and withdraw this unwelcome initiative. CGC would demonstrate its role as a steward of comic grading integrity. This show of alignment and understanding with the community can actually further strengthen and deepen the same connection it would otherwise damage. What will CGC do?
Immediately makes me think of MVS and that hobgoblin book with the tattoos ….. not psyched about this at all
Why have they not still not listed print errors on labels? And do print errors on the covers of non key issues increase their value?
Agree across the board. Bad move on CGC's part. Two price hikes in a year and now this? When corporations get involved, it's no longer about the product, it's all about the bottom line.
But the comic community begged for this. ;P
A grading company should list every and all defects on the back label. We should not have to go online and look up grader notes. And sometimes, they don’t even records any notes. I sent 40 books in and only received 5 graded notes. They are becoming lazy, cheap and unprofessional. I’m done with CGC!
I agree with most of your comments expect that the reason why houses are so expensive because of Blackstone...not the reason at all 🤣
Grading notes are free, as long as you pay.
You’re taking this SUPER well and are VERY understanding. Compared to everyone else, receiving this news. But part of me wonders...if it was any other grading company, would they be getting the same treatment????🤔 CGC gets business because of the services they provide. Start changing them or taking them away, regular people are gonna jump ship. Of course the diehards will stay regardless
The things is as I mentioned in this video. A few years ago it was way worse so two steps forward one step back. Also I am a member so I’m probably biased as I already use the free notes. I just think it’s dumb how some things aren’t on the label.
Hi Dave. Great work on this channel and I always look forward to each video. When it comes to the changes I look at it this way: When the book is graded the defects are reflected in the score. If I am showing a slabbed book to friends, family and others I do not want a label that lists everything wrong with the book. For example, the point to highlight is that I have that Key in a 2.5 and not to point out that it is missing a staple, etc. In a way it is reminiscent of the near mint, very fine, fine scoring system in that the grade provides the sense of the overall condition of the book. If I am buying or selling a book it is probably of enough value that I should do my due diligence and this does make that more difficult. But overall, the cleaner label works for me. Keep up the great work. Cheers.
If I ever consider buying a book with a missing page it would be nice to know what page is actually missing
without having to read online graders notes. That should always be on the label.
Sneaky way for cgc to get more collectors to pay for memberships to have access to graders notes.
They are following the Netflix model - increase membership numbers and then manage revenues by increasing membership fees.
In addition to making people pay for CGC memberships, they are also incentivizing people to send back their books with defect notes for reholder a that won’t have those notes. Total money grab.
Will auction houses and buyers now be responsible to disclose any defects? I would now expect Heritage e.g. to disclose grader notes or defects in their book description. If they don’t and I buy a defective book that is not transparent, I would not pay for it.
Especially on expensive books! What if they were ever to go out of business. What happens then?
I rather have as much information as possible. It’s a grading service for God sake! And yes put it on the label!
Use CBCS. The slabs are much more sturdy with more clarity. Also, the grading notes are free.
EGS is looking better everyday
Sounds like they are trying to mystify the grading process.
I just wish they put more graders notes in general. I just got a box of 25 back , I had no graders notes at all. Not all books were perfect. But no explanations is bizarre to me, i wish they would make more use of it so we know why we got a certain grade, I would like to learn from it.
Yeah, this coming from a company that doesn't give graders notes on my 9.2 and above books.....
I very much don't like this especially since most sales are by people who don't have a membership and are buying online.
What are the odds that you see every dealer in every seller run to Fasttrack all of their deficient books now so that they won’t show on the label?
It’s honestly a reason for me to get out of the comics altogether and just focus on cards again. I love comics, but I don’t submit for grading and I don’t like the idea of being forced into a lifelong membership just to be a buyer/seller/collector, if I’m understanding the changes correctly. Thanks as always sir. #peace ✌️👍
I wouldn’t give up on comics. But if you generally don’t like the hobby. No reason to force it
@@ComicBookInvestments thank you so much for the reply. I love the hobby and it blends well with cards, which I’ve collected since I was a kid. I just hope CGC eventually realizes their mistake here and corrects course.
Not sure I’ll ever reach your level of knowledge in comics or be able to keep up with it all at my age now, so I definitely appreciate everything you take the time and energy to do for us in your videos. #respect ✌️
I think you nailed it...
CBCS is owning this where it's free available for everyone with the QR code...
I would prefer to have all the graders notes on the back as you mention as well, the entirety of it. Now the graders notes becomes something I would expect to be added to sales listings of higher value books...
Soooo CGC wants to be lazy….. 😂
There are so many people who love buying graded books that have never submitted a book to be graded. This is absolutely a money grab to force more people to buy memberships.
The 2 month wait for reholder is about to get much longer! "cover deteched" no longer on label?! Wow
I laughed a little when you said don't have the money for graders noted if you are buying an af15. But I get the point. Good content. Didn't see this news from cgc
“I just bought a 9.0 Action Comics #1 but I don’t have $25 for graders notes :(“
I think that the use of “Affects Story” is very important and informative for a graded comic. What if that page missing is the key significance of that comic?
Exactly!
I second the Exactly!
not the 1st time they have changed what they put on the labels. I have a book the has Pre-Marvel Chipping and another that says Eastern Press
Next move CGC might do is get rid of the color coded lables and just make them all blue
The fact they say a few times that this was input from "Prominent members of the community" a.k.a. people who have memberships and access to the graders notes is such bullshit. Most collectors don't have access to the graders notes. This is such a stupid self inflicted wound. Just gives everyone a reason to start moving over to CBCS more. They better either back track this or make graders notes free to everyone.
If the community response is very bad, then will retract this most likely.
I think it’s a huge deal to say if the book is incomplete or not and whether it affects the story. I agree with you on the visual defects if they are there and you miss them then shame on you. However, the entire point of certification is to find out what is wrong with the book and how it impacts the grade. Why hide the most important pieces of that information? Who is asking for less critical information on a label? This is just another instance of a company putting their profit over the interests of the people they derive that profit from. It’s a shameless money grab.
Thanks for getting this info out there!
Ya it’s defiantly just a way to make more money
hey cgc, i didnt get as much as i wanted for my book because your label alerted my potential buyers to a defect on the book. why do you put it on the label when they can see it in the grader notes, it’s redundant. and if they don’t know to look or where to look, then too bad, they didn’t do their due diligence. but at least i can maximize my profit when selling these books that i paid you to grade. that’s your feedback from prominant members. i don’t think they are after the memberships.
A tiny portion of people who buy CGC graded comics are CGC members. This is such a trashy, unprofessional move.
Automatic comics said the same thing.
For sellers of slabbed comics: It is now incumbent upon you to include the grader notes with each sale. If you don't, one cannot possible know all the reasons why the comic was graded as it was. This is just a scam by Blackrock to make more money. It's obvious. Once Blackrock geniuses took a look at how to make greater efficiencies and more money from their new aquisition, it was an easy catch: "Hey let's make it so anyone who buys and sells graded comics, not just those who send comics to be graded, has to subscribe to CGC. That's a minimum of $25 for anyone who wants to really know why their comic has the grade it does." Response by management? "Make that guy a VP."
Advantage CBCS. Get out there and take advantage. This is a golden time for them to be a 'trusted' grader. CGC could not have been more silly.
Cbcs just lost their President. Steve Borrock. So something is going on with them now
@@ComicBookInvestments Even more of a reason for them to take advantage. If they can promote their expertise and perhaps lower prices (espeically after their recent time guarantee), this would go a long way in getting market share.
If my competitor thought they were too big to fail, I would be shouting this from the rooftops and commercially gutting them with big price decreases and investment in expertise. It's a zero sum game and the market wants more from their graders. Give the people what they want and they will love you for it.
@@ComicBookInvestments My books have been there for 41 weeks at this point. All of which Steve was present for. It’s can’t get any worse!
@@ComicBookInvestments Thank you for this info. Another reason why I follow you. Me and most other casual collectors did not know this.
Seems like a whack money-making scheme by CGC - if I owned an Amazing Fantasy 15 1.0 INCOMPLETE, then I'm now tempted to send it in AGAIN and receive the same label without "INCOMPLETE" and/or other negative words on the slab.
CGC are going down hill IMO.
All internal and spine defects SHOULD be noted on the slab.
They'll still say "missing pages" if it's missing pages... the incomplete mention is repetitive... I don't think your example holds up.
2nd: if you're rolling with an Amazing Fantasy 15 in any grade you definitely already have access to full notes on all slabs via membership...
@@Chris-es3wf I should say that it will no longer say "incomplete story" on it - which is where the temptation of resending books might come into it - so it loses aspects of it's negative wording and specific short-comings.
@@TheComicVault that's the 2020s business model. Make everyone pay for cloud storage in perpetuity, regrade your comics in perpetuity, have a comic membership in perpetuity
@@benjackson1506 Pretty much, hey!
Bad move Cgc information missing will not be good for anyone like l said less for your money 95% of my books are upgraded I'll keep it that way
Terrible change! I hope CGC retracks this. If not, it's a chore now to buy CGC books. ugh
$25 a year is not bad IF you want to be a member. What is bad is trying to make people pay that just to see the graders notes... something that used to be on the label FOR FREE. I'm not a member and will not be paying the $25 dollars. I'll just request the seller include them with their sale or... NO SALE!
I agree with everything you said tbh, if they made grader notes actually free and accessible by a QR code i'd be down for that. BUT big deal things like MVS cut out etc have to be listed clearly IMO
This sucks, just a money grab for a steady flow of money....they want you to pay annually for the grader notes. This is cbcs chance to step it up, change label and speed up return dates.
can you image what this will do for their business: they'll be tens of thousands of books being re-slabbed with the truncated label. Will MVS be included....every Hulk #181 that's missing that 'coupon' will get redone - gets rid of the 'incomplete' off it too!
There's a guy on IG who invented his own slab...and it has full grader notes on the back. awesome!
Well that book gets a green qualified label for that defect so it wouldn't change but I'm totally with you and against this change
Good post. Three things. (1) Does CGC have data that more people want CGC to not include those items on the label than people who would like those descriptions to stay on the label? (2) Now that CGC is owned by Blackrock, it will only to continue to reduce aspects of the service while regularly raising costs. Why, there are many more "middle-men" now between the comic collector and the grading / slab service. Think what happened to healthcare costs after the creation of HMOs. We were told it would make healthcare cheaper. Stupid. No way adding more and more middle-men can make anything cheaper. (3) All this is designed to make more money because now EVERYONE will have to subscribe to CGC in order to get notes that are no longer on the label. In short: Greed. Dude, use your youtube to spread a call to insist that CGC retract this policy. As a general rule, the less information the worse for collectors.
As a consumer, the label (front or back) should contain ALL relevant information on the book. Anything that's missing should be noted. As well as writing on the interior. Feels like a step backwards for CGC.
I like the idea of grader notes on back of label. Don’t like this cash grab.
I already don't buy CGC books graded between 3/2016 and 9/2016 because those cases damage the book. Now I won't buy any graded after they start this nonsense.
It’ll be a process but I think people will slowly migrate to other graders as time goes on . I mean how much money do they think that can charge for grading etc ? ,then take 8 mos. to a year to do the work then make you pay for a subscription on top of it to get all the details ? It’s called gouging the customer at this point .
Cgc needs to adopt the qr code like cbcs has
but CBCS labels still disclose latent defects such as spine splits, replaced staples, interior tape, etc. CBCS narrowed the reputational gap it has with CGC today.
Just go Raw! it is cheaper and guess what you can enjoy the book as you can read it anytime you want. This is greed on CGC and the Big movers and shakers trying to sell their defect books for bigger dollars.
If I buy a CGC book from a dealer or online, how will I check the book for a internal defect like missing pages, coupon filled out, etc. w/o a means to do so like at a convention.
this is CGC being lazy...I think all grader notes should be listed on the slab, for free.
So now before we buy any CGC book, we'll have to pay membership and go to their site to learn all the 'minor' details about the book ... such as detached cover or centerfold.
This is going to make it harder to justify spur of the moment decisions for auction bids, like when you see a cool book sitting a bit low. In those cases I usually rely on expanding the photo, looking over the books, and seeing if there are any slab notes.
It isn't ideal, but not as bad as the restored books with the fancy designer labels that were blue.
I believe that any auction will now be required to include grader’s notes in the book description.
I am not a CGC member. I have never submitted a book to CGC as I prefer raw. Notwithstanding, I buy CGC books now and then and rely upon this type of disclosure in order to know exactly what I am buying. So as you say, it is nothing more than a money grab to force people like me to subscribe. Also, will there be a way for me to tell if a book was graded before or after this policy goes into effect? Will buyers like me now have to badger sellers to provide grading notes (partly because this a benefit to sellers?) It seems they are doing everything they can to help CBCS gain market share?
Wall Street Wolves Afoot
Will some sellers include a separate piece of paper including grader notes with each book when they sell them. If I’m buying a big time book I want those grader notes now.
When I sell my books, I’ll list the grader notes.
If there's a way to distinguish old slabbed books from new slabbed books, I'll just start buying old slabbed books with notes on label
Stick with cbcs, seems that's the more obvious choice at this point. What in the world is cgc doing????
Personally, I think this was a really bad idea. I buying mostly golden age books and knowing whether or not it is incomplete is important. This just makes the company look bad. What they should do is allow free members to see the notes too.
It’s a money grab to get people to sign up for the notes bullshit