CAC is good for internet sales. Problem is that I see these average coins being offered at sky high twice the auction averages.
Yes it sure seems that way. Many of them seem to be reaching for pie in the sky. If they are able to find bidders / buyers someone is making a killing. These guys really don't have to be crackout artists any more - just pick out a nice coin off the bourse, get it CACed for $10, then ramp up your markup. Many sellers of this material mine data from the CAC website (selling the service) and incorporate it into their ads, etc. in selling the coin. A guy in my coin club who sets up about once a month told me "As much as I despise CAC and especially some of its principals, I love pimping them out to sell my CAC coins I have a big markup on." While I would want to recover my costs of CAC for a coin I really have no interest in trying to get a huge premium on them as I like to move my material quickly not be waiting to hose the end user. I price the coin based on its own merits and where it falls in the grade range (my opinion of it) irregardless of some sticker. Also, I have repeat customers so building a good relationship and providing a decent deal is important. I just hope the CAC situation does not create a situation like when common MS 65 Morgans went for $1000. So many of those people who got hosed then never really came back to numismatics.
Just to remind you all, most people in this thread aren't going to reply if you quote them because this thread is two years old!
