BTW - As lovely as it is, that picture doesn't do the coin justice either. It flattens its devices. I need to get a better pic before I sell it.
Sorry but thats hardly a PL strike on the obverse..... Look at the top of the letters "LIBERTY". Its flat......
So, since I am a coin elitist, I expect those stickers in the mail. Please send USPS, with signature required, as I don't want to lose valuable merchandise.
Out of curiosity: how? They charge $10-$12.50 for those that sticker and $0 for those that don't. They don't make any more money past that. The buyer is free to pay or not pay whatever the seller is willing to charge, or bid over others in an open auction.
I'm not Doug. I don't explain things over and over and over again. Do a search and go read it. I just wrote again in short form 2 weeks ago. You ignored it, refused to address any of the points that prove it is a scheme, and just parrot the same thing over and over again. If you don't take the time to read it, why should I write the entire 10.000 word position paper again for you? I don't mean to be tart, but you just gonna have to do better than ignore what I wrote and then demand again and again for an explanation.
No, you don't explain anything. You state your opinions without explanation like it's a known fact...and when someone comes along and challenges it you simply restate your opinion without explanation again.
I read the posts, but I didn't see any explanation. Not wanting to argue, I just don't see where the "pyramid scheme" is.
Ok - nor do i want you to feel alienated. It is true, it is not a pyramid scheme. It is a different scheme because it sets up a market condition that creates a perpetual fear which is profited off of. You can grade an item. You can not grade a grade.
Since it's possible for 3 coins of the same, accurate grade to be ordered in terms of quality, all CAC does is say that the coin is in the top 2/3rds of coins for that grade. In-hand, knowledgeable graders are able to do that anyway. Even the TPGs acknowledge that with the "+" designations.
Without getting back into our multi page debate from a few years ago, did they set up the market condition that creates perpetual fear or did they simply take advantage of fear in the market caused by gradeflation? My problem with your position Ruben is that you act like JA couldn't create a new TPG. Since he founded both PCGS & NGC, I think he has shown that to be false. What is more valuable, a new TPG grade that eliminates the old grade opinion, or a sticker that allows for a second opinion while keeping the original opinion of the TPG intact? Personally, when buying high value coins, I like to have two concurring opinions of the coins grade. As for not being able to grade a grade. That would indicate that all coins of a particular grade are created equal which they are not. The only area that I agree with you Ruben is that they do hide from their responsibility somewhat. Instead of a green sticker for solid, gold sticker for coins that exceed expectations, and no sticker for C coins, I would like to see 3 stickers, one for each incremental grade A, B, C.
You make a good point, but either way it is the same problem. Realize it is not just creating fear. When SP rates greek bond as BCC, that creates fear as well. But it is exploitation of perpetual fear that is the problem. CAC judges the Grade. Someone can now exploit the Market and grade CAC, and so on. THAT is the market distortion. If CAC wants to break the coin out of the SLAB, give the COIN a grade, and return it in a sealed plastic baggie...that would be fine.