What is the purpose of CAC?

redicilous ????

My opening post which was the 2nd on this thread has more "Likes" from US coin collectors that agree with me than any of yours that state people don`t know what they are talking about.

On any other eBay platform throughout the world coin sellers can put the grade of the coin in the title of the auction because the seller can be trusted, if the buyer disagrees then they don`t have to buy coin.

In the US on eBay.com US sellers are not allowed to state the grade in the title unless it has been graded and slabbed by a TPG that has the backing of eBay.com,.
Proof that eBay are in the pockets of the 3 main TPG`s

As for the CAC sticker being put on a slab for which you have already paid for to graded well that is Ridiculous.

 

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Oh okay so if something gets likes it must be true.

LOL what a strong argument wow.

Yes you''re right every seller in the world can be trusted except in the USA.....

You can't possibly be serious at this point with this rubbish. Whether or not a seller can be trusted has NOTHING to do with eBay policies.

You must really hate that grading is catching on the UK and that NGC now even has an office there that it's getting so popular.

This is just getting comical how delusional you are.

PS there aren't 3. Might want get simple facts like that right before these nonsense rants.

 

Agreement is the word , not the views of someone who has been brainwashed.

Approved TPG`s by eBay.com PCGS, NGC, ANACS,
I`m not aware of any others that have jumped on the scamming band wagon perhaps you can enlighten us.

 

Which just shows you have very little knowledge of what you are trying to lecture about

 

They have added one more company since I last looked.

Taken from eBay.com rules.

• Coin and paper currency listings can only mention a grade in the title or listing when that grade has been given by an approved grading company
• Coin and paper currency listings over a certain value must be graded by an approved grading company

Make sure your listing follows these guidelines. If it doesn't, it may be removed, and you may be subject to a range of other actions, including limits of your buying and selling privileges and suspension of your account.

What are the guidelines?
General guidelines for coins and paper money
Replica paper money
Graded coins and approved grading companies
A graded coin is one that has received a numeric grade (MS-65, for example) from a coin grading company. This numeric grade can be included in the title, description, or item specifics of the listing only if the coin has been graded by a company that has been found by us to meet certain minimum objective criteria.

Single coins listed in the Coins & Paper Money > Coins: US category with a starting bid price, reserve price, or Buy It Now price of $2,500 or more must receive a numeric grade from an approved grading company, and the numeric grade must be included in the listing. This requirement doesn't apply to bullion listings or collections, lots, or sets listed within the Coins & Paper Money > Coins: US category.

Approved grading companies:

• Numismatic Guaranty Corporation (NGC) - opens in new window or tab
• Professional Coin Grading Service (PCGS) - opens in new window or tab
• American Numismatic Association Certification Service (ANACS) - opens in new window or tab
• Independent Coin Graders (ICG)

 

ICG has been approved by eBay for years.

CAC is also a searchable feature and has been for years.

 

Great, I only missed one off, and issued no personal insults or argued with the head moderator.

How did you survive before the TPG`s and CAC came along.

 

Tried to avoid the thread cause I know how these go but this drives me nuts.

The whole "learn to grade!" mantra from the arrogant anti-TPGs and anti-CAC (note: you can be against both without being arrogant not trying to paint with a broad brush but many express their belief in an incredibly arrogant way) crowd drives me nuts. Easily higher than 99% of collectors aren't good at grading let alone counterfeit detection but hey lets eliminate the products out there that helps these collectors safely buy and sell their coins and enjoy the hobby without being an expert.

Also an extreme percentage of sales are online from pictures. But yeah of course you experts have no problem nailing grades every time from images too. Or maybe your solution there is to stop online sales too - lets go back to only brick and mortar for coins. Problem solved. Now every collector is an expert grader who buys all their coins raw in person like the good old days and we have no need for anything!

 

When CAC opened I sent a bunch of my graded coins in. They only charged me for the coins that stickered, back then I think it was $8 per. Guess what, when I sold them that little old green sticker bought in lots more than that $8 investment.

Ya like to make $$$ Dave? So do I.

Sooooo, it doesn't have anything to do with not knowing how to grade, but all to do with making $$$, at least in my case.

 

By believing everything my local dealer told me because I had no options at the time.
The internet and the TPGs have really opened things up, IMHO.

When I was a kid the coin shop near me was the 'go to' place for coins.
I no longer visit that shop because the vast amount of information available squarely places that shop clearly into the 'over priced as hell' category.

I've gotten uncirculated Peace Dollars on eBay for what they want to charge for cull.

The TPGs are just another resource - not a perfect resource - but just another way to check local dealers and keep them in line. If you're such a good grader then ignore the slab entirely and buy your coins. Nothing stops you from taking advantage of under graded coins (either buying, or selling).

For an experienced grader the slab should be nearly meaningless.

 

So its not about collecting coins for the beauty and history, its about making cash.

I make my cash from working and selling antiques, collecting coins is my hobby

 

LOL...When I sold them I bought better coins with beauty and history which I still have. Here's one of my beauties and it has a ton of history.

 

Did you ever think that some collectors sell parts of their collections to raise funds to work on other parts of the collection? That's part of the hobby.

 

Plan 9 from outer space ...what a great movie, it's so bad it's actually good.

 

Why is it okay for antiques to be about making cash, and not beauty and history; yet you condemn people for doing that with coins?

I'm so confused right now.

 

Antiques is my job.
I`m an antique dealer.
They are not examined by a third party and smothered in plastic and then examined by another third party and have stickers put on them.
No one else describes the goods.
They are sold as found.

I buy coin collections in bulk, I keep what I want and sell the remainder.
Non are slabbed before or after purchase.

 

So it’s only okay for you to make money off coins but no one else got it.
Makes sense why you’re so against grading now.

It’s much harder to under pay for collections when they’re graded and people know what they actually have

 

So now you say you do make money selling coins.

 

Okay so this is the way you collect, so what?

Are you advocating that others should do things the same way you do? Or if not what exactly is your main point in the thread?

 

I never see any graded coins here, it has not caught on, people are not as gullible.

I don`t know anyone that buys slabbed coins, I go to auctions and sales and buy from the public and never see them,
its an American thing.

You might have a larger market for coin collecting but that is only for US coins.

There are far more collectors throughout the world than in the US, the majority of which survive and trade without slabs and stickers.