What is the purpose of CAC?

Discussion in 'Coin Chat' started by TylerH, Sep 4, 2018.

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  1. daveydempsey

    daveydempsey Well-Known Member

    Yeah so what.
    The thread is about CAC, look at the OP he says its an overkill, I agreed and so do many others.
    There are only 4-5 on here that are defending the CAC. some with personal attacks.

    Its purely for greed, these companies are taking you for a ride.

    That was my opinion, it does not bother me, you carry on paying these scammers.
     
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  3. Lehigh96

    Lehigh96 Toning Enthusiast

    So what would you say to the person who purchased a $10K rare coin 20 years ago, and due to gradeflation and rising populations, his once rare coin is now worth only $6K? Should he just accept the $4K loss or spend $20 to have CAC restore some of the value of his coin by separating it from the dreck that snuck into the assigned grade through gradeflation?

    In essence, you are advocating for the days prior to the TPGs when coin dealers could pay dirt cheap prices for coins from collectors and then sell those same coins for over 100% profits, because the coin dealers were the "experts". The TPG's leveled the playing field ensuring that every collector can expect reasonably fair prices at both time of purchase and sale.

    Then you go on to divulge that you have a financial stake in keeping the archaic system without third party grading in place so that you can do exactly what I described in the paragraph above. The fact that you try to take the moral high ground on this issue is absolutely despicable and indicative of incredibly low character.
     
    baseball21 likes this.
  4. daveydempsey

    daveydempsey Well-Known Member


    Where did I say that ?

    You are suggesting I`m ripping people off as a dealer.
    I`m not in the US.

    despicable and indicative of incredibly low character, Is this a personal attack ?
     
  5. Lehigh96

    Lehigh96 Toning Enthusiast

    I don't know, is calling very experienced numismatists gullible, repeatedly, a personal attack? (see below) If you can't take it, don't dish it out.

    Now lets examine what you did say.

    You claim that you collect coins for the beauty and the history and not for the cash, and then in the very next post you say that you buy collections in bulk, which everyone here understands means at wholesale prices or below, then you sell what you don't want. What if you buy a collection that contains nothing that you need, do you sell it for your purchase price? Or do you sell it for a profit? Don't worry, we know the answer, though I am interested in your profit margin on your coin sales.

    Then you go on to say this:

    So the TPGs and CAC are scammers from profiting within the numismatic industry, but its perfectly okay for you to generate a profit? So yes, I find it despicable that you are using your antiques business to profit on the sale of coins and then accuse the companies like PCGS, NGC, and CAC of being evil profiteers who are pulling a scam on collectors.

    Lastly, I have never seen you post any thread on this forum that I would consider informative or even interesting. You have not demonstrated any expertise in world of numismatics and until you do so, I will not take your opinions seriously, rather I will view them as the angry rantings of a numismatic neophyte.
     
    Last edited: Sep 20, 2018
  6. daveydempsey

    daveydempsey Well-Known Member

    Have you finished ?
     
  7. Lehigh96

    Lehigh96 Toning Enthusiast

    Not a chance, I will finish when the inexperienced collectors in this world stop attempting to lecture the knowledgeable numismatists about things they know nothing about and don’t understand.
     
    baseball21 and ldhair like this.
  8. daveydempsey

    daveydempsey Well-Known Member

    High opinion of yourself I guess,
    Many of your posts are very rude and against the rules.
     
  9. Lehigh96

    Lehigh96 Toning Enthusiast

    Only if you equate disagreeing with you and exposing your inexperience as against the rules.
     
    ldhair likes this.
  10. ldhair

    ldhair Clean Supporter

    I'm not finished. Who are you to be telling collectors in the US, what and how they should collect? I find much of what you have posted to be insulting. It's clear that you do not understand anything about the US market or coin collectors in the US.

    I don't understand how those in the UK collect and because of that, I keep my mouth shut on the topic. I will say that there have been many from the UK on this and other coin forums. None of them have come across as you have.
     
  11. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    What the hell is that supposed to mean?

    Perhaps I've misunderstood, but one doesn't need to be in the US to rip off others.
     
    Numismat likes this.
  12. daveydempsey

    daveydempsey Well-Known Member

    I`m not telling anyone how they should collect.
    I gave my opinion on CAC`s and many US collectors on here agree with me, a few don`t, a few are rude with personal attacks.
    So why don`t you call out the US collectors who agree with me, do you find there opinions insulting, including the head moderator.
    Just for the record I`ve been collecting coins for 57 years, I have hundreds of US coins.
     
  13. daveydempsey

    daveydempsey Well-Known Member

    You misunderstood.
     
  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    This rehashed topic fatigues me . . .
     
    Numismat and ldhair like this.
  15. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    You’ve spent the majority of your time in the thread judging others for how they collect.
     
    ldhair likes this.
  16. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    To be fair, anyone who places blind faith into TPG labels is doing themselves no favors. Simply compare the collections of those genuinely able to do for themselves to plastic buyers.

    The TPGs nor CAC exist as the solve-all suggested. Both are nothing more than tools most useful in the hands of those who genuinely understand them.
     
    Numismat, Santinidollar and ldhair like this.
  17. daveydempsey

    daveydempsey Well-Known Member

    In your opinion.
     
  18. ldhair

    ldhair Clean Supporter

    Maybe it's the way they communicate in a friendly way.


    Doug enjoy us giving him a hard time. :D
     
    Numismat likes this.
  19. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    Of course. Without digging myself deeper into this thread I’ll just say I agree and I think you mistook the main point of that paragraph: that TPGs help non-experts not get continuously burned (in other words they are tools).
     
  20. IBetASilverDollar

    IBetASilverDollar Well-Known Member

    Oh right you haven’t been judgmental at all. There I go being gullible again!
     
    Lehigh96 likes this.
  21. daveydempsey

    daveydempsey Well-Known Member

    If you say gullible 3 times really fast, it sounds like Orange.
     
    Gregg likes this.
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