What a load of Horse Manure

I don't follow this stuff much but 1) CACG is already stooping to doing this special label gunk? "First delivery"? 2) Pre-emptive grading doesn't instill confidence - how does anybody know there will be MS70 coins in those "first" deliveries? 3) Sistine Chapel scene on the label? Like, Adam was God's magnum opus and these coins are too? Seems a bit sacrilegious. I guess maybe I read too much into things, but that image was chosen on purpose.

 

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CAC has overhead, gotta pay the bills.

 

True, they's gots to keep the lights on, but CAC ain't the culprit. Bullion Shark is the instigator. Keep the hype of otherwise common coins (bullion?) deserving premium status because they achieve a '70? In a few years these coins are going to be worth 'melt', and all of the idiots who bought the hype will have been separated from their hard earned dollars. Fool and his money........

 

And in a few years "melt" may or may not be more than the current selling price for these widgets, but you'll still come out ahead buying just about any form of silver that doesn't have bogus premiums.

If silver falls back to $25, I don't see these maintaining their $50 premium. If silver goes to $100, I certainly don't see them maintaining their $50 premium.

Oh, and for completeness, if silver stays right around 450... yep, still don't see them maintaining the $50 premium.

But, to be fair, I don't see the value in CAC beans or slabs anyhow. And there's a large and robust market that does, so in that sense, I'm already proven wrong.

 

While the 'Beanie Bo' is nice and comforting, I refuse to pay a premium for it.....

 

I first read “free delivery” on the label and thought that’s not too bad considering I live across the big pond… by the way, *all* CACG graded coins have the bean, even details coins. So there really isn’t any added value anymore, it’s just part of the label. Doesn’t make any sense to me.