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Posted 11/26/2022 01:38 am
the awful lot of collectors agree because they can get a premium on their coins and thus make more profit. grading is subjective. what if cac says one thing and PCGS says another? who wins?
actually, I thought I was pretty clear about why new collectors might not want cac and others like it. you are saying cac is another set of eyes, and implying that their graders are actually much better at their job then graders at other companies. true or not, this means that there is a significant, not trivial, upcharge for such coins. this inflates demand for these coins and deflates demand for all others, and I can say that it is artificial demand, because this is a concerted effort by cac, and I'm sure much of it paid for, to be the go-to company for every collector. then good luck getting anything near guide for the coins graded by PCGS, ngc or others. we are talking 30-50% higher premiums, which is ridiculous.
and of course they are starting a grading service now. this is pedictable. they are a business, and their goal is to make profits, no matter how altruistic your acquaintainces in that business claim to be. now think about a new collector who is thinking of buying a coin. he also hopes to someday sell that coin. what about if he already has coins in holders from the 3 or 4 major grading companies? what about if he wants to buy coins now? will they only be cac coins? Will he want to crack out coins from their non-cac holders to have them re-graded by the infallable cac? how much value will his PCGS, ngc and anacs coins lose over time as cac continues their marketing, and then after when the inevitable company that succeeds cac comes along? I think ive made this point already.
and lets go further. tell me what happens if cac checks your coin and determines that the grade is overgraded. they will not sticker it. so coins without cac stickers may eventually get to a point where people start to believe that cac rejected them, even if cac never laid eyes on then, for who would not want to send in their coin to cac to cofirm their grade with the help of their infalible eyes? welcome to a further decrease in value and punishment for not submitting your coins to them.
so yeah, theres a reason why a new collector might not want a cac around since most coins are still cac non-stickered. I'm sure they would prefer that their collections go up, rather than down in value or to watch their coin fetch half what the same coin in the same or even worse condition fetches at auction. thanks
actually, I thought I was pretty clear about why new collectors might not want cac and others like it. you are saying cac is another set of eyes, and implying that their graders are actually much better at their job then graders at other companies. true or not, this means that there is a significant, not trivial, upcharge for such coins. this inflates demand for these coins and deflates demand for all others, and I can say that it is artificial demand, because this is a concerted effort by cac, and I'm sure much of it paid for, to be the go-to company for every collector. then good luck getting anything near guide for the coins graded by PCGS, ngc or others. we are talking 30-50% higher premiums, which is ridiculous.
and of course they are starting a grading service now. this is pedictable. they are a business, and their goal is to make profits, no matter how altruistic your acquaintainces in that business claim to be. now think about a new collector who is thinking of buying a coin. he also hopes to someday sell that coin. what about if he already has coins in holders from the 3 or 4 major grading companies? what about if he wants to buy coins now? will they only be cac coins? Will he want to crack out coins from their non-cac holders to have them re-graded by the infallable cac? how much value will his PCGS, ngc and anacs coins lose over time as cac continues their marketing, and then after when the inevitable company that succeeds cac comes along? I think ive made this point already.
and lets go further. tell me what happens if cac checks your coin and determines that the grade is overgraded. they will not sticker it. so coins without cac stickers may eventually get to a point where people start to believe that cac rejected them, even if cac never laid eyes on then, for who would not want to send in their coin to cac to cofirm their grade with the help of their infalible eyes? welcome to a further decrease in value and punishment for not submitting your coins to them.
so yeah, theres a reason why a new collector might not want a cac around since most coins are still cac non-stickered. I'm sure they would prefer that their collections go up, rather than down in value or to watch their coin fetch half what the same coin in the same or even worse condition fetches at auction. thanks
