This video is a WARNING and a testament to why comic collectors must NOT use PGX as a third-party comic book grader. On Oct 1st 2008, I discovered that PGX (www.pgxcomics.com) had returned to me an encapsulated third printing in the place of the first print TMNT #1 I had submitted to their grading service.
Those of you who sent books of multiple prints to PGX should be interested in this. Needless to say I’ve lost nights of rest over this.
I’ve been cracking a few PGX cases open to get them regraded at CGC because of auction price differences on particular issues. I always document cracking slabs open…*
Anyways, I finally get around to this very special issue: Teenage Mutant Ninja Turtles #1 First Print. There were only 3000 printed and only half of those survive. I bought it in 1987 for $60 and PGX graded at 7.0 in September 2005. I had meant to open the slab months ago. Fortunately, I didn’t wait a day longer. The book I sent them was a first printing and is very scarce. What I discovered in the slab case, which read “First Print” under it’s lable, was a worthless 3rd printing.
As furious as I was, I video documented the time and date using my phone. That was at 10pm. No sleep later and in the morning, I called PGX and the business owner Daniel Patterson answered. I’ll skip to the chase. In my calmest tone, I told him that I had just opened my PGX slabbed book to find IT WAS NOT MY BOOK INSIDE. He asked, “Are you sure you sent a first printing?” I answered, “Yes. Wouldn’t PGX actually check the book to be sure it was, even if I stated it was or would PGX simply take the customer’s word for it.” I have to think he was in shock to say something so unintelligent. “Of course”, he said, “it’s just I’ve never heard of this happening before.” As with all my slab related activities I documented the speaker phone conversation on my digital recorder. He requested I send him the book, the slab, and the video. Which I did.
At first, not really knowing Mr. Patterson, he sounded genuinely concerned. They even use the encapsulated book in their gallery to demonstrate what a 7.0 looks like (http://www.pgxcomics.com/gallery.cfm?id=107). However, it’s not my book. The book I originally submitted to PGX is missing; the owner Daniel Patterson refuses to believe that an internal theft could have occurred. To my frustration, a check hasn’t been cut. Forgive me but I have got to vent!
It’s been a month solid of me calling PGX asking what’s next and them replying “We’ll call you in a week.” Last Friday Daniel failed to call (again), so this afternoon, once again, I had to put in the call. He reacts like he’s hearing my voice for the first time.(”oh,oh yeah Dan ah…you had the…ah” Ever see the Office with Steve Carrell?) Anyway, he told me his insurance company would not cover them on this so PGX would cut a check out of their pocket. I asked how they plan to come to an amount to compensate me. Daniel said, “Oh, we’ll look at what you put down on the invoice.” WHAAAA!?!??!!!
The book isn’t bent, torn, squished or damaged….it’s GONE! And by all account STOLEN! What PGX passed off as my 1st print could have sold to a collector and, sh*t, what a surprise that’d be! I kept my cool, though.
I told him to seriously consider the current market value of the book compared to what I estimate it’s value at over 3 years ago. I reinterated the quotes to be had by browsing eBay, Comiclink, Heritage Auctions and the GPAnalysis. He said that he’d have to discuss this with the PGX …board? In short, Daniel’s trying to “wear me down,” “take me for a ride” and “nickle n’ dime me.”
Exasparated, I asked, is this going to carry on for another week. He answered, “Ahhhh…no. I think we can finish on Wednesday.”
Duration : 0:8:51
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