remove you CAC sticker Month

Walk into any brokerage place and ask for a recommendation. They will give you plenty, even in writing.

LOL! Investment positions have nothing to do with any of the discussion here. Anyone anywhere is free to say they agree to disagree (even in writing!!!!!!!!!!) with not only a brokerage's recommendation, but also Jim Cramer and also any credit rating agency. Why do investment firms often want more than one CRA opinion on an issuance?

This is insane. Do you say the same thing about comic books? Collectible knives? Cars? Toothpaste? Printer paper?

 

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Yeah that makes it more rational and safer for the investor.

 

Umm... a buyer accepting a price is setting the market. That's how markets work. If no buyers buy at a given price, the price is lowered until the item sells, reaching the market price. The seller is free to set whatever price they want, but if it's sky high and no one buys it, it will never sell at that price. It is completely up to the buyer to accept the asking price or not.

If the buyer accepts the price, then what's your problem? They could have walked away or haggled the price lower, but they found the price acceptable. So what's the problem?

 

The raw coin.

I can negotiate a more reasonable price from the seller, 9 times out of 10; if I agree with the seller's grade opinion.

That 10th time, I move on and search for something more reasonable.

FYI, I'm not hung up, nor do I go out of my way to buy slabbed coins, certainly would never buy a slabbed and stickered coin, and also do not stress over potential future value of the coins in my collection either.

Interesting you should ask this.

The recent coin expo a dealer had the 43 steelies. P,D, & S. 3 were slabbed MS65 and three were raw, seller's opinion was 65 on all three.

I bought the raw ones.

Reason: The slabbed ones had prices starting at $17.50 and ended with $25.

The raw ones, one was $5, one was $6, and the other was $6.75.

 

What investor? These are coins.

 

I'd say if somebody was so opposed to CAC, it would make far more sense NOT to buy those coins in the first place, and let the folks who appreciate them purchase them. Why devalue one's own purchase?

 

Again, you're comparing apples to oranges. Setting the market and setting the price are two different parts to the equation.

I have no problem with what OTHER buyers pay for their coins. It's what makes THEM satisfied. It has no effect on my whatsoever. I pay what I am willing to pay for a coin. If the seller doesn't want to haggle or negotiate, I move on. No biggie.

Again, I have no problem with that.

 

Like I said, if no one buys it, then the seller will have to drop the price if he wants to sell the item. This is how the market works. The seller is free to ask whatever they want whether the coin is raw, slabbed or slabbed and CAC stickered. The buyer is free to accept the asking price or not.

It takes two parties to set the market. An item is only worth what someone is willing to pay for it.

 

Took a while, but you finally understand what I and others have been saying right along.

 

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I've NEVER said anything to the contrary.

I've said from the beginning that TPG grades have uncertainty built into them, something even the TPGs acknowledge. A second opinion helps reduce that uncertainty. Many people are willing to buy a coin because of that reduced uncertainty, or even pay a little more than they would have for a raw coin, especially risky for an internet or remote purchase. I've repeated that over and over.

A CAC sticker changes what some people are willing to pay for a coin because they are more confident about the quality versus a raw coin or a slabbed coin of the same grade even.

 

So basically...you're not buying the coin so you can avoid buying the slab?

 

They don't give an opinion and it doesn't decrease uncertainty. It increases confusion and distorts market information. Do you have any CAC coins to pull the stick off of? You too can join the revolution. Freedom for Coin Collectors.

 

United States

In a securities offering in the United States, a prospectus is required to be filed with the Securities and Exchange Commission (SEC) as part of a registration statement. The issuer may not use the prospectus to finalize sales until the registration statement has been declared effective by the SEC, meaning it appears to comply on its face with the various rules governing disclosure.

If a company has been filing Form 10-K with the SEC for a certain period of time, has a market capitalization above a certain threshold and takes certain procedural steps, it is permitted to offer securities using a simplified prospectus that incorporates information by reference to its SEC filings. In certain situations, such as when the offering is not required to be registered with the SEC, a prospectus is instead referred to as an "offering memorandum" or "offering circular." In the case of municipal securities offerings, which are generally exempt from most of the federal securities laws, municipal issuers typically prepare an analogous form of disclosure document known as an "official statement." Prospectuses are generally prepared with the assistance of the underwriter acting as issue manager (also called a bookrunning manager or "bookrunner").

 

They don't give an opinion?

Some people don't find that opinion useful?

 

1. The requirement of a prospectus has to do with a company or entity offering a security for sale, nothing to do with a credit rating. With Dodd Frank, most prospectuses no longer even have the credit rating included anymore.
2. What does offering a security, something entirely unrelated to a collectible item, have to do with coins or coin grading?

 

What are you talking about? Nobody said anything about credit ratings.

 

Correct. Some are defrauded to believe it is useful.

 

I'd love to hear how you defend that statement.

First, you have stated in the past that all grading is subjective...which means there is a certain level of opinion in the grade. When a coin is sent to a TPG and graded...that grade is an opinion.

Now, lets for the moment use your argument that CAC grades grades...not coins. As we both know, I completely disagree with that statement...but for the moment lets go with it. If CAC is grading a grade (which is an opinion)...aren't they simply giving you their take on an opinion...which is also an opinion?

 

I already did