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Pillar of the Community
United States
1119 Posts |
Modern Approved Coin http://(150623) Not Allowed - Auto Removed/ I have seen them on ebay. Never bought from them. Are they legit? they market themselves like CAC but from what little I know of them I don't like them. I don't know if my perception is faulty. Can anyone change my mind? They don't seem like they are a true third party since they sell coins too. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Are they legit? Define "legit". They were a stickering company that applied stickers based on their OPINION of the coin in the slab. This is the same thing that CAC does. The people at CAC buy and sell CAC coins as well. The only thing is do you, and/or the marketplace, trust their opinion? Well the founder of CAC is well trusted, the founder of MAC is not as well respected/thought of in the numismatic community and from my understanding MAC has closed it's doors. Edited by Conder101
09/26/2016 4:15 pm
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Pillar of the Community
 United States
4593 Posts |
Your percept-o-tron is working fine. If it smells like a rotten fish and goes down the can like one, it is one.
FWIW, CAC also makes a market in CAC stickered coins. Both MAC and CAC seem to have possibly inflated ideas of value of said coins. And also very high standards for purchasing coins as in they seem to be very selective at buying stickered coins at the listed value.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
 United States
1119 Posts |
Define "legit". Not "Joe's Basement Slabs Co. Inc. LLC. corp"
The only thing is do you, and/or the marketplace, trust their opinion? I have only seen pictures of MAC stickered coins and I didn't agree with what the picture looked like but I have ben wrong about coin pictures before. I have never seen one of their stickered coins in person to be able to get an informed opinion. Thank you both for your answers.
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Bedrock of the Community
United States
17884 Posts |
Please forgive me for playing Devil's advocate but if "Joes's Basement Slabs Co Inc LLC" accepted outside submissions (wasn't just slabbing his own coins) and did his best to accurately grade the coins, why wouldn't he be "legit"? Even if the marketplace didn't agree with his grades he was still trying to honestly provide the service promised. I mention this because many of the third party services that have come and gone in the past were actually in that boat.
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Pillar of the Community
United States
4593 Posts |
Absolutely. In fact I'll go so far as to say that all of the true TPGs that have come and gone were started with the intention of doing it better, more accurately, etc. vs. the existing ones. Very few people have a business plan of /1/ start business /2/ spectacularly fail.
Too often legit is taken as a synonym for market acceptable.
It's not.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
1119 Posts |
Quote:
why wouldn't he be "legit"? Even if the marketplace didn't agree with his grades he was still trying to honestly provide the service promised. I will play along at devils advocate. We are swerving into a new topic here but if you are just picking a grade and that is not a 'market acceptable' grade that's not really a legitimate way of grading. Just because you are trying to do something doesn't mean you are actually accomplishing something. if I tried to build you a house and all I succeeded in doing was creating a pile of building materials capable of being put together into a house but because I do not have the required skills to build the house, am I a legit construction company? |
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Bedrock of the Community
United States
17884 Posts |
Yes, just not a good one, and you won't be in business long. Many of the third/fourth tier TPG's tried, but weren't good and they weren't in business long. Now if your construction company took the money, and delivered the materials (possibly even material that weren't up to spec) and didn't even try to build the house then I would say no you weren't a "legit" construction company |
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Pillar of the Community
United States
1119 Posts |
Even though I don't have the skills needed to build a house as long as I try I am a legitimate construction company? Do I get a trophy for just showing up too?  Edited by Steele
09/28/2016 9:57 pm
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Replies: 8 / Views: 2,277 |
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Posted 09/26/2016 4:29 pm
