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Date: Mon, 25 Feb 2019 09:38:07 -0500 (EST)
To: Colonialcurrency group <colonialcurrency@yahoogroups.com>
Cc: "colonial-coins@yahoogroups.com colonial-coins@yahoogroups.com" <colonial-coins@yahoogroups.com>
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Subject: Re: [colonialcurrency] PCGS Currency
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From: Ray Williams <njraywms@optonline.net>
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=C2=A0Stu,
=C2=A0=C2=A0=C2=A0=C2=A0 I'm sorry to hear what you're going thru.=C2=A0 I =
hope you get your=20
bills back soon and I look forward to seeing them.=C2=A0 With the value of=
=20
such awesome bills, it might warrant a flight out there and showing up=20
at their business with the police.=C2=A0 Please let us know how it turns ou=
t.
Ray
=C2=A0
=C2=A0
On Mon, Feb 25, 2019 at 09:07 AM, Stuart Hanebuth hanebuths@yahoo.com=20
[colonialcurrency] wrote:
=C2=A0
=C2=A0
=C2=A0
Sorry for the rant, but this has become quite personal for me...
This whole thing is an ugly, scary, mess.=C2=A0 I have several bills that=20
were submitted more than 100 business days ago for grading.=C2=A0 My=20
assumption when I submitted them is that the turn around times were 40=20
to 60 business days.=C2=A0 Since that time=C2=A0I have found comments in se=
veral=20
online=C2=A0forums regarding the turnaround times at the former PCGS=20
Currency.=C2=A0 There are numerous comments about extraordinarily=C2=A0long=
=20
turnarounds, it appears that they have had problems from some time=20
managing lead times and backlogs.=C2=A0 To better framce my concern here, t=
he=20
submitted bills include a 1746 Ben Franklin printed New Jersey Bill, a=20
beautiful John Hart signed bill, a Francis Hopkinson signed bill, a 1734=20
Delaware bill (R-7) and an April 17, 1780 North
Carolina Bill (R-8).=C2=A0 In mid-January I made my first request to have=
=20
my bills returned ungraded, and was assured they would ship by February=20
1.=C2=A0 Despite their promises I still have not received my bills back.=C2=
=A0=C2=A0=C2=A0
To add to the drama, on February 1 the PCGS Currency website went=20
offline with no explanation of what was going on.=C2=A0 =C2=A0About 2 weeks=
ago=20
the owner, Jason Bradford made this=20
post:=C2=A0http://www.papermoneyforum.com/post/a-message-from-jason-w-bradf=
ord-10043674?pid=3D1307682144=20
<http://www.papermoneyforum.com/post/a-message-from-jason-w-bradford-100436=
74?pid=3D1307682144>=20
=C2=A0, in an overdue attempt to assure customers that everything was OK.=
=C2=A0 In=20
the middle of last week they announced that they are in the process of=20
re-organizing the business into Legacy Currency Grading (Legacy Currency=20
Grading <http://www.legacygrading.com/> ), but given the track record=20
over the last year or so, I am not sure when they will be up and=20
running.=C2=A0 It is also unclear if the major auction houses will accept=20
bills graded by Legacy Currency for auction.=C2=A0 In fact, Heritage Auctio=
ns=20
declined to comment on the matter last week according to a post on one=20
of the Paper Money Forums.
Over the last month I have made a total of three requests to have the=20
ungraded bills returned to me, and I still do not have them, despite=20
assurances that they are being returned.=C2=A0 It is very scary to consider=
=20
the scenario that a TPG could dissolve and your items could be in limbo=20
indefinitely.
On Monday, February 25, 2019, 8:34:39 AM EST, Ray=20
Williams njraywms@optonline.net [colonialcurrency]=20
<colonialcurrency@yahoogroups.com> wrote:
=C2=A0
Good Morning guys!
=C2=A0=C2=A0=C2=A0=C2=A0 I'm not exactly sure how the business works, but f=
rom what I=20
gather, Collector's Universe is a licensing agency that sells the rights=20
to the PCGS name, at least for grading colonial paper money.=C2=A0 The=20
company that was paying Collector's Universe no longer has the=20
contract.=C2=A0 If you have currency that was submitted for grading and you=
=20
haven't received=C2=A0 it back, check out this website:
https://www.pcgscurrency.com/ <https://www.pcgscurrency.com/>
=C2=A0
=C2=A0=C2=A0=C2=A0=C2=A0 In trying to find out more, I stumbled across this=
in google, I=20
never heard anything about this in the press.=C2=A0 Hopefully the currency=
=20
was found:
=C2=A0
<https://www.dailyherald.com/article/20140521/news/140529637/>=20
Historic currency stolen from Peoria business - Daily=20
Heraldhttps://www.dailyherald.com/article/20140521/news/140529637/May=20
21, 2014 - Peoria police say someone has stolen more than $200000 worth=20
of historic currency from a business that evaluates its condition for=20
collectors.
=C2=A0
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Content-Transfer-Encoding: quoted-printable
Content-Disposition: inline
<div style=3D"font-family: Verdana;"><div> Stu,</div><div> =
I'm sorry to hear what you're going thru. I hope you get=
your bills back soon and I look forward to seeing them. With the val=
ue of such awesome bills, it might warrant a flight out there and showing u=
p at their business with the police. Please let us know how it turns =
out.</div><div>Ray</div><div> </div><div> </div>On Mon, Feb 25, 2=
019 at 09:07 AM, Stuart Hanebuth hanebuths@yahoo.com [colonialcurrency] wro=
te:<div> </div><div> </div><blockquote style=3D"margin: 0pt 0pt 0=
pt 0.8ex; padding-left: 1ex; border-left-color: rgb(136, 136, 136); border-=
left-width: 2px; border-left-style: solid;">
<span style=3D"display: none;"> </span>
<div id=3D"ygrp-mlmsg" style=3D"position: relative;">
<div id=3D"ygrp-msg" style=3D"z-index: 1;">
<div id=3D"ygrp-text">
=20=20=20=20=20=20
=20=20=20=20=20=20
<p></p><div class=3D"ydp2c34549dyahoo-style-wrap"><div style=3D"font-=
family: Helvetica Neue, Helvetica, Arial, sans-serif; font-size: 13px;"></d=
iv>
<div>Sorry for the rant, but this has become quite personal for me.=
..</div><div><br></div><div>This whole thing is an ugly, scary, mess. =
I have several bills that were submitted more than 100 business days ago f=
or grading. My assumption when I submitted them is that the turn arou=
nd times were 40 to 60 business days. Since that time <span><spa=
n style=3D"color: rgb(0, 0, 0); font-family: Helvetica Neue, Helvetica, Ari=
al, sans-serif;">I have found comments in several online </span>forums=
regarding the turnaround times at the former PCGS Currency. There ar=
e numerous comments about extraordinarily long turnarounds, it appears=
that they have had problems from some time managing lead times and backlog=
s. To better framce my concern here, t</span>he submitted bills inclu=
de a 1746 Ben Franklin printed New Jersey Bill, a beautiful John Hart signe=
d bill, a Francis Hopkinson signed bill, a 1734 Delaware bill (R-7) and an =
April 17, 1780 North
Carolina Bill (R-8). In mid-January I made my first request to have =
my bills returned ungraded, and was assured they would ship by February 1.&=
nbsp; Despite their promises I still have not received my bills back. =
</div><div><br></div><div>To add to the drama, on February 1 th=
e PCGS Currency website went offline with no explanation of what was going =
on. About 2 weeks ago the owner, Jason Bradford made this post:=
<a href=3D"http://www.papermoneyforum.com/post/a-message-from-jason-w=
-bradford-10043674?pid=3D1307682144" target=3D"_blank" rel=3D"nofollow">htt=
p://www.papermoneyforum.com/post/a-message-from-jason-w-bradford-10043674?p=
id=3D1307682144</a> , in an overdue attempt to assure customers that e=
verything was OK. In the middle of last week they announced that they=
are in the process of re-organizing the business into Legacy Currency Grad=
ing (<a class=3D"enhancr_card_1208932143" href=3D"http://www.legacygrading.=
com/" target=3D"_blank" rel=3D"nofollow">Legacy Currency Grading</a>), but =
given the track record over the last year or so, I am not sure when they wi=
ll be up and running. It is also unclear if the major auction houses =
will accept bills graded by Legacy Currency for auction. In fact, Her=
itage Auctions declined to comment on the matter last week according to a p=
ost on one of the Paper Money Forums.</div><div><br></div><div>Over the las=
t month I have made a total of three requests to have the ungraded bills re=
turned to me, and I still do not have them, despite assurances that they ar=
e being returned. It is very scary to consider the scenario that a TP=
G could dissolve and your items could be in limbo indefinitely.<br></div><d=
iv style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif; font=
-size: 13px;"><br></div>
=20=20=20=20=20=20=20=20
</div><div class=3D"ydpd865a3a5yahoo_quoted" id=3D"ydpd865a3a5yahoo=
_quoted_1188288926">
<div style=3D'color: rgb(38, 40, 42); font-family: "Helvetica N=
eue", Helvetica, Arial, sans-serif; font-size: 13px;'>
=20=20=20=20=20=20=20=20=20=20=20=20=20=20=20=20
<div>
On Monday, February 25, 2019, 8:34:39 AM EST, Ray Willi=
ams njraywms@optonline.net [colonialcurrency] <colonialcurrency@yahoogro=
ups.com> wrote:
</div>
<div><br></div>
<div><br></div>
<div><div id=3D"ydpd865a3a5yiv4056386441"><div>
<span> </span>
<div id=3D"ydpd865a3a5yiv4056386441ygrp-mlmsg">
<div id=3D"ydpd865a3a5yiv4056386441ygrp-msg">
<div id=3D"ydpd865a3a5yiv4056386441ygrp-text">
=20=20=20=20=20=20
=20=20=20=20=20=20
<p>Good Morning guys!<br clear=3D"none"> I'm =
not exactly sure how the business works, but from what I gather, Collector'=
s Universe is a licensing agency that sells the rights to the PCGS name, at=
least for grading colonial paper money. The company that was paying =
Collector's Universe no longer has the contract. If you have currency=
that was submitted for grading and you haven't received it back, che=
ck out this website:</p><div><br clear=3D"none"><a href=3D"https://www.pcgs=
currency.com/" target=3D"_blank" rel=3D"nofollow" shape=3D"rect">https://ww=
w.pcgscurrency.com/</a></div><div> </div><div> =
In trying to find out more, I stumbled across this in google, I never hear=
d anything about this in the press. Hopefully the currency was found:=
</div><div> </div><div><div class=3D"ydpd865a3a5yiv4056386441r"><a hre=
f=3D"https://www.dailyherald.com/article/20140521/news/140529637/" target=
=3D"_blank" rel=3D"nofollow" shape=3D"rect"></a><h3 class=3D"ydpd865a3a5yiv=
4056386441LC20lb">Historic currency stolen from Peoria business - Daily Her=
ald<cite class=3D"ydpd865a3a5yiv4056386441iUh30">https://www.dailyherald.co=
m/article/20140521/news/140529637/</cite></h3><h3 class=3D"ydpd865a3a5yiv40=
56386441LC20lb"><cite class=3D"ydpd865a3a5yiv4056386441iUh30"><span class=
=3D"ydpd865a3a5yiv4056386441st"><span class=3D"ydpd865a3a5yiv4056386441f"><=
font color=3D"#777777">May 21, 2014 - </font></span><em><strong><font color=
=3D"#6a6a6a">Peoria</font></strong></em> police say someone has <em><strong=
><font color=3D"#6a6a6a">stolen</font></strong></em> more than $200000 wort=
h of <em><strong><font color=3D"#6a6a6a">historic currency</font></strong><=
/em> from a <em><strong><font color=3D"#6a6a6a">business</font></strong></e=
m> that evaluates its condition for collectors.</span></cite></h3><h3 class=
=3D"ydpd865a3a5yiv4056386441LC20lb"><cite class=3D"ydpd865a3a5yiv4056386441=
iUh30"><span class=3D"ydpd865a3a5yiv4056386441st"></span></cite></h3><div>&=
nbsp;</div></div></div>
</div>
=20=20=20=20=20
=20=20=20=20
<div style=3D"color: rgb(255, 255, 255); min-height: 0px;"></div></div>
</div></div></div>
</div>
</div></div>
</div>
=20=20=20=20=20
=20=20=20=20
<div style=3D"height: 0px; color: rgb(255, 255, 255);"></div>
</blockquote></div>
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