What Does CAC Mean? - Page 2 - Coin Community Forum

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Author	Replies: 20 / Views: 3,431	Page: of 2

basebal21 Bedrock of the Community 13014 Posts	Posted 03/04/2014 02:11 am Quote: Learned more about the business of coins in ten minutes than the rest of my life up to that point. Well said. I was also SHOCKED by some of the prices he quoted back when he was still in the grading room. Something about common 65 Morgans being just under a grand? I remember reading that part a few times to see if I was misreading it. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/04/2014 11:35 am This is the one, right, basebal21? http://www.caccoin.com/cac-in-the-n...urice-rosen/ Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/04/2014 5:02 pm Quote: Something about common 65 Morgans being just under a grand? I remember reading that part a few times to see if I was misreading it. It was an interesting time to live through believe me. Coins which a couple years earlier had been $20 to $30 were now $800. And then a couple years later were $20 to $30 again. Report this Post to the Staff
westcoin Pillar of the Community United States 9796 Posts	Posted 03/04/2014 5:14 pm Quote: I've read that article, basebal21. Learned more about the business of coins in ten minutes than the rest of my life up to that point. Back in the mid 1990's John Albanese put out a coin newsletter, that was a long shot better than any other I ever read, he has insight to the rare coin market most of can't even imagine. I remember how he touted Proof Gold back then as an above average way to invest (for those investing) and probably get a larger return than on any other coins, seems he was right, as many were in the $8-30K range then. Today top end proof gold is rarely seen outside of major coin auctions, and when it does appear in them they often bring crazy stupid prices. Back in those days he was constantly pushing collectors to hold out for exceptional coins and not to settle for a high grade example just because it was certified as such, he was the first dealer (to my knowledge) that really pushed collectors to strive for the top quality coins for their collection be it really rare stuff or even common coins. Well put words back then as they are today. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 03/04/2014 6:45 pm Superdave thats it, thanks for finding it. It was further back than I thought. Condor thats absolutely insane to have swings like that that quickly. Report this Post to the Staff
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