remove you CAC sticker Month

No, but what we have learned the hard way about markets and fraud, is that this, grading the grade, must be the exclusive domain of the ultimate consumer.

The last time we discussed this we also got into a whole side discussion of Validation adn Quality control.

FWIW, did you read that little articulate in Numismatics (I wish they would ditch this word) Magazine about the fear of misattributing a coin as real or not. It is very interesting from the perspective that author admits that hundreds of coins are attribued as real and slabbed which later they have determined to be fakes as their knowledge progresses and new good fakes turn up on the market.

 

Log in or Sign up to hide this ad.

Agreed. I believe Albanese has addressed this, and while I can see his point from a business perspective, this does not take away from the fact that three stickers would be ideal. As long as the cert numbers for coins that did not pass/exceed were available in the database, it would not matter if someone removed a "failed" sticker and leave only costly options for getting around it. Hope springs eternal.

 

Did he address that this is ILLEGAL in any other market that is regulated. He comes from New Jersey. You would think he knows that. This guy is so full of fraud i can't believe you guys follow him. His website sounds like a spam from Nigeria from a long lost Uncle.

 

Anyway, we are off topic. We are celebrating "Rip Off Your CAC sticker Month". You don't have to participate, although we would welcome you with open arms. I have about 15,ooo middle aged women with pamphlets explaining the word of the second coming without CAC to everyone in order to be saved. Join us in Freedom Brother!

 

Well then, you'd think at least one of them would be in Montana, but I haven't seen any yet! Don't neglect us just because we have 1/10th the population of NYC. :yes:

 

It is not enough that you have two Senators, one for each of you.

 

Regulated......

Oy vey! I'm leaving, Brooklyn!

 

Apparently you didn't understand when I told you the word "LIBERTY".

 

Lets take this whole thing one step further. Along with tearing off the 'green bean' I propose liberating all coins entombed in slabs. After all, what the devil do those wankers know? I say 'lose it all'........



[Spoken in a fit of madness fueled by Evan Williams]

 

Be glad. All markets are regulated

 

Even the fruit market?

 

BTW - I never said it was a pyramid scheme. I said

That is a metafor or a simerlie or something

 

Are you kidding me. Fruit are regulated end to end.

 

What would Ben Franklin say about the CAC sticker and grading, that's what I want to know?

The reason I send to CAC is because they will actually pay me more than others for coins that are high-end. Tom Payne at National Gold Ex. used to say no one is going to pay much more for a high end MS63 over a low-end one. Then CAC came along. I realize there are issues, but a Nutmeg state dealer I know, with all his criticism of CAC does not buy collectible coins much above the metal or base price. CAC will and Harry Laibstein and others are paying more. Exit strategies are hard in many collectible areas.

 

If the Chinese can make PCGS holograms, I imagine they could make CAC stickers as well and sell them by the rolls.
I'll stick with the "Buy the coin, not the holder" thinking.

 

But that defeats the whole point...I don't understand how you don't get that. The coin is graded and attributed by one professional group (PCGS or NGC). Then a second group (CAC) says if they agree or disagree with the first group. These two groups are completely independent from one another and thus have no reason to ally. The fact that two separate independent groups have evaluated the coin and come to the same conclusion is the key. If CAC was to reslab the coin, then the original grading (PCGS/NGC) would no longer exist. The evidence for that would no longer be present. If you were going to have something evaluated (not a coin...but anything)...what is better, one group or two independent groups? Of course the answer is two.

Would it be nice if somehow the coins that did not sticker were known. Sure...unfortunately that is hard/impossible to do. No body would keep a "red sticker" on a slab that lowers the value of the coin when they are trying to sell it. CAC could create a database with serial numbers but I wonder how often a buyer would reference it when making a purchase.

 

Read more: http://www.cointalk.com/t208016-2/#ixzz1yLvFQZEu

That is not what they do. Thats what your saying they do. What they actually do is grade the grade of the slab as either a good grade, and bad grade or a great grade.

 

No, that's not what they do. They grade the COIN in the slab...and then compare it to the grade on the slab. If they determine the coin is appropriately grade, it gets a green sticker. If the coin is under graded or exceptional for the grade it gets a gold sticker. If the grade on the slab is a stretch...it gets no sticker. Essentially, it's a second opinion about the coins grade. The first thing they must do is grade the coin...just like anyone who is buying the coin should do and then decide if the slabbed grade is correct.

 

no they grade the grade. They don't take coins that are not ungraded.

 

I didn't read all the posts about the merit/problems with CAC stickers, grading, slabs.... so maybe I missed it.
Did mrbrklyn ever purchase a coin with a sticker and remove it? The end of the month is getting closer and I wanted to make sure that he took part like he is suggesting that others do.