Dominion shuts down
This article was originally printed in the latest issue of Numismatic News.
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Dominion Grading Service announced Aug. 5 that, effective immediately, all grading and certification operations at the firm have been discontinued.
In a statement posted on the David Lawrence Rare Coins Blog page, the following explanation was given:
The Instant Coin Collector |
“In the time since we started DGS, both PCGS and NGC have made great strides and improvements to their grading technologies and practices and we no longer feel that our services are needed. Additionally, CAC is doing a fantastic job of assessing the quality in PCGS and NGC holders.
“As for DGS, we simply do not feel that there is enough demand for collector coins at this time to merit our further investment. We have discontinued grading at DGS at this time. If you have DGS-graded coins to sell, please offer them to us for sale. We remain committed to the quality and standards of our grading at DGS and we still make two-way markets in DGS-graded coins. ”
In April 2008, DLRC launched Dominion Grading Service using the assets of the old PCI grading services they had purchased as a base. At the time John Feigenbaum said, “We had initially planned to keep the PCI brand name, but we quickly realized that it would be impossible to overcome the confusion that would ensue as we endeavor to recalibrate the [PCI] grading standards.
Therefore, we have decided to discontinue the PCI brand in favor of an all-new grading company named Dominion Grading Service.“
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