This press release from Stack's Bowers Galleries announces a new player in the fourth-party grading business.
Stack's Bowers Galleries, the renowned numismatic auction house, and David Hall, the
esteemed founder of Professional Coin Grading Service (PCGS), have partnered to introduce Collectible Market
Qualified (CMQ), a new service offering that identifies the highest quality graded coins in the market.
Utilizing CMQ's services, collectors, dealers, and investors can submit qualifying coins to be evaluated by David
Hall and Stack's Bowers Galleries' CEO Greg Roberts, two of the most accomplished numismatists of all-time. Hall
and Roberts will assess each coin for its quality, eye appeal and grade. Coins that Hall and Roberts unanimously
agree meet CMQ's rigorous standards will be recognized as
qualified and granted a tamper-resistant hologram
sticker, symbolizing a mark of approval.
CMQ stickered coins are designed to instill confidence in a coin's quality and facilitate
sight unseen trading.
Stack's Bowers Galleries' and David Hall Rare Coins' trading departments, who collectively buy and sell more than
$500 million in rare coins annually, will be active market makers in all CMQ stickered coins, providing added
demand and liquidity. Collectors, dealers, and investors in rare coins can have a new level of confidence when
buying or selling CMQ stickered coins because they have unanimously met or exceeded Hall's and Robert's
Collectors and dealers can rest assured that no marginally graded or negative eye appeal coins will ever exhibit a
CMQ sticker, providing a new level of confidence when buying or selling CMQ qualified coins, commented Hall.
CMQ will offer two levels of stickers – CMQ and CMQ-X. Collectible Market Qualified Exceptional (CMQ-X)
stickers will be assigned to a small percentage of coins that,
make you shake your head in wonderment, added
Hall. Each coin submitted for CMQ review will be photographed by Stack's Bowers Galleries' award-winning
photography department and these images will be available in submitters' online accounts.
CMQ will begin accepting coin submissions on September 5, 2023. For information on what coins are eligible, how
to submit coins, pricing, and other inquiries, please visit
Additionally, Stack's Bowers Galleries will be making its proprietary and patented Coins In Motion (CIM) high
resolution collectible animation technology available to all collectors and dealers in the fourth quarter of 2023.
Utilizing the same submission process as CMQ, collectors and dealers will receive ultra-high resolution 4K MP4
video animations of their submitted coins, ideally formatted for sharing on social media, including in collection
management systems or to facilitate buying and selling.
About David Hall
David Hall, founder of Professional Coin Grading Service (PCGS), is widely recognized as one of the greatest and
most influential numismatists of all time. Under his leadership, PCGS revolutionized the coin collecting hobby by
introducing an objective and standardized grading system, which provided collectors and investors with a trusted
and consistent method for assessing the condition and authenticity of coins. Hall's visionary approach played a
pivotal role in establishing PCGS as the industry standard for coin grading and authentication.
About Greg Roberts
Greg Roberts is a highly accomplished figure in the numismatic world and one of a small handful recognized in the
Coin Dealer Hall of Fame by PCGS. Throughout his career, Roberts has held several notable positions, including his
current role as CEO of Stack's Bowers Galleries and A-Mark Precious Metals. Under his leadership, Stack's Bowers
Galleries has solidified its position as one of the most prestigious and trusted auction houses in the world,
specializing in rare coins, currency, and collectibles. With a career spanning several decades, Roberts has traded
well in excess of $1 billion of rare coins, handled every coin in the Guide Book of U.S. Coins and built some of the
greatest collections ever assembled.
To read the complete article, see:
Stack's Bowers Galleries Partners with Professional Coin Grading Service (PCGS) Founder David Hall to Launch Collectible Market Qualified (CMQ) Offering
The coin industry keeps getting more interesting. I'm at a loss for the right analogy. But with so many changes in quick succession, there's definitely something big going on. Technology change, generational change, market change, deep-pocketed collectors and financiers coming on the scene, old businesses reshuffling their ranks, new businesses starting up... Who knows where the industry will be in five or ten years? Lots of people have ideas though, and they're trying new things. Everyone is jockeying for position in the next iteration of the market. Not everyone will survive. New power players may emerge. Strap yourself in - it could be a bumpy ride.
To read the earlier E-Sylum articles, see:
HARVEY AND LAWRENCE STACK REJOIN STACKS-BOWERS
COLLECTORS UNIVERSE TERMINATES DAVID HALL
WHEN INSTITUTIONS FAIL: PART II
FEIGENBAUM: COINS ECLIPSED BY SPORTS CARDS
TYRANT COLLECTION OWNER DAN O'DOWD
THE STRATOSPHERE OF NUMISMATICS
CAC BECOMES A THIRD-PARTY GRADING COMPANY
HARRY LAIBSTAIN ON HOBBY'S PAST AND FUTURE
MYCOLLECT SOCIAL NETWORK LAUNCHED
THE COIN MARKET'S PULSE IN PITTSBURGH
Wayne Homren, Editor
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