remove you CAC sticker Month

Ruben,

Would you be happy if the CAC had a process in place that made the TPG grade unavailable to the CAC grader?

 

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LOL - t$ when did logic ever play into the premise of this thread. This is all opinions on somebodies opinion on someone elses opinion. You do not need to be logical to just say - because.

 

Simply claiming that your point is valid does not make it so.

 

Simply pointing out that it was just covered about 10 posts ago does. What doesn't work is repeating something over and over in the hopes that was written before can be better learned by writing it again and again and again.

 

This site is an amusement park.
This thread reminds me of a carousel.

My question is how many we can fit into the mini-car...

 

You would have to know the size of each person to figure that out.

 

A volkswagon... get with it

 

Are they approved by CAC? Good House Keeping? The Comic Book Authority?

 

The more that approve them the better.

 

Ruben, I have reread this entire thread and I can't seem to find the evidence that you posted. Please point it out to me.

 

Yes - it is an explanation. You have to reread it now until you understand it. ANd no, it is completely different then what the TPGers do. They grade coins. The impact on the market is either up or down, it doesn't matter. They get PAID to grade coins. CAC gets paid to because they create uncertainty in the TPGs results and benefit from that uncertainty.

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Yes they do create the uncertainty. And someone can come along and cast doubt on CAC as we have here, and exploit THAT uncertainty and so on, which is why it is called perpetual fear, because there is no bottom to it. Prior to a coin being grade, the consumer is uncertain completely and at the mercy, historically speaking, of the primary sell, in this case the coin dealer. Th deal exploits the uncertainty to funge grading and increase profits. The third party grader evaluates a coin (or a stock or a car) without being directly involved with the transaction thereby ALWAYs decreasing uncertainty. Any affect it has on the market (which has largely been to suppress prices) is inadvertent.

CAC reduces the certainty by casting a shadow on the TPGs opinion without giving their own grade. That reduces certainty in the demand part of the market, and drives it's own profitability based on exploiting that fear. It is pertetual because CAC is does not have primary responsibility for the grade. The are grading and exploiting fear in the graders. then the next party can exploit CAC uncertainty, creating a new market for themselves and so on. The result is a market bubble, not based on coin grade or soundness of a stock, but on the fear of the graders errors, which EVERYONE makes.

That drives the market up in costs ONLY becuase CAC has no business model otherwise. It the coin doesn't become more valuable with the sticker, nobody would do it. It is that simple. All of this is expressly illegal in Stocks.

You can't come out and say that Standard and Poors misgraded a stock or bond! You can make your own analysis and put it in writing. But you can't say, SP did a bad job judging this stock and the Stock has more value or less value. You can say, based on our assement we think the stock is able to move in the market up or down.

Now I know this is not the first time I explained this. You can accept it or not but this is straight up foundation and proven market behaviors.

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Click here to enlarge Originally Posted by mrbrklyn Click here to enlarge
show me ONE CAC coin graded a 63.
You wanted a CAC coin graded MS63...not a coin graded MS63 by CAC. So, I found coins that had been graded MS63 that CAC had agreed with. Those are CAC coins graded MS63. I gave you several examples of exactly what you asked for.

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You can grade an item. You can not grade a grade.

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et al.

Now - just to jog you memory

it is implied here that they don't give an opinion on the coin. They have an opinion on the grade.

 

That would require them to give a grade to the coin and to record a grade. If they do that, they are in the clear. There is nothing wrong with them giving a grade and NCG give a grade and ANACs fgive a grade.

CAC can even give a grade and say, we disagree with NCG because of reason XYZ and therefor believe that the grade is XYZ.

That is all good. Before doug said he wrote a financial news letter and criticized SP. He didn't take any money and he for SURE didn't just say, on this stock SP did a ++ job. There is NO WAY he did that.

Its not like CAC is so brilent that they are first people to have ever thought about this scheme. Its been tried since the 1400's.

 

No I'm buying the coin that I want to buy. I don't buy any old coin just to avoid having to buy a slabbed one.

 

There is no law against anyone questioning any of the credit rating agencies. That's a fact. You cannot present any evidence otherwise, their opinions are not held as Holy and Unquestionable by anyone. There are multiple CRAs, investment firms often require multiple opinions, people are paid all the time for giving investment advice and recommending stocks regardless of what the CRAs say. This shouldn't even be part of the discussion in the first place, coins are not securities.

Saying that CAC is grading a grade (and yet somehow not giving an opinion) is so ridiculous I think you're literally insane.

PLEASE EXPLAIN how CAC can decide that a grade is good for a coin without grading the coin. Please, explain. You can't.

The TPGs themselves are the ones that leave uncertainty. Raw coins have the most uncertainty, a slabbed coin has a little less and a CAC sticker on a slab has even less uncertainty. You cannot and will not try to actually explain how a CAC sticker adds uncertainty. You say that someone can question the CAC opinion, well, what stopped someone from questioning a seller's totally baseless opinion on a raw coin? What stopped someone from questioning the TPG grade (in fact, look at the crack-out game, look at re-grading over and over and over - THAT IS UNCERTAINTY). A CAC sticker is an extra opinion that helps REDUCE uncertainty.

 

His hypothetical question ranked the coins in terms of desirability to you, with the raw coin being the least and the CAC stickered coin being the most. You chose the most undesirable coin simply because it was cheaper. That's a perfectly valid reason also/

 

It is not a credit agency, it is a market evaluation company.

 

Actually, I choose the, what would be least desirable to you and other, not because of the price, but appearance and strike. They were much better than slabbed, and one of the slabbed steelies had some rust color spots on both sides.

The raw steelies looked 10 times better than the slabbed.

 

CAC? S&P? What are you talking about?

What is a "market evaluation company"? S&P, Moodys, etc are credit rating agencies. CAC is a collectible coin evaluation company.

 

I had the same thought. I think I'm out of this one folks.