CAC no longer accepts Colonial coinage for stickering

Discussion in 'Coin Chat' started by geekpryde, Dec 10, 2014.

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  1. Tom B

    Tom B TomB Everywhere Else


    That's a pretty dangerous and irresponsible conjecture.
     
    Tom B, Dec 11, 2014
    #21 + Quote Reply
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Recognized . . . I was a little moody after work.

    Thanks for the beratement . . . I needed it.
     
    ToughCOINS, Dec 11, 2014
    #22 + Quote Reply
  4. geekpryde

    geekpryde Husband and Father Moderator

    Agreed, it shows intent. But also, I think @brg5658 and I know where each other stands on CAC, so it's all good in the hood.

    :D
     
    geekpryde, Dec 11, 2014
    #23 + Quote Reply
  5. geekpryde

    geekpryde Husband and Father Moderator

    Also, if you are looking for bid info, besides Coinplex (the site I was telling you about), CAC also posts in the Bluesheet. But that's something I've only read, not something I have checked myself.
     
    geekpryde, Dec 11, 2014
    #24 + Quote Reply
  6. brg5658

    brg5658 Well-Known Member

    I still think there must be some ulterior motive for stopping the sticker of colonials. I mean, CAC still stickers patterns, which must be as small or smaller a portion of their business than colonials. I think some of the hypotheses may include that colonials (particularly copper) offer a higher risk arena of "guarantee" for CAC, and so they are pulling out. Just a conjecture.

    If CAC pulled out of all of the areas where they sticker almost no coins, then they'd also likely be pulling out of patterns, Hawaiian, Confederate, and Territorial Gold (which must be lower throughput than colonials). Also, if colonials are such a small portion of their business, then of what benefit is it to stop stickering them besides to create an artificial market of "superior" colonials that already have the silly green bean.

    Just thinking out loud here...but something doesn't add up... :cigar:
     
    brg5658, Dec 11, 2014
    #25 + Quote Reply
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