We'll I never.........

http://www.caccoin.com/

http://www.usrarecoininvestments.com/coin_articles/cac_coin_grading.htm

 

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In my opinion (popular or not here) Laura is one cool lady.
She calls it as she sees it with little regard to opinions of many.
Her report is filled with many important topics that folks should be thinking about. That's what she does with her reports. Agree with it all or not she knows this market.

As far as CAC, I'm a big fan. I pay for opinions every day and use that to make my own decisions. I see CAC as no more than one more opinion. Folks that do large deals are wise to get all opinions possible.

Something makes me think Laura didn't say all she wanted to say about the cent and nickel part. It didn't come across right and there must be more to this.

 

CAC is worthless.

 

Im a marketing guy not a finance guy. If you are a finance guy then your biggest mission in life is to minimize risk. With a top tier and CAC grading your coins there is less risk. You can never get rid of risk but you can minimize it. With that said I sure am glad I'm a marketing guy so I don't get freaked out by the hype. PCGS, NGC, and to a lesser extent ANACS and ICG are good enough for me.

 

AJ - Do you think the Lincoln cent collector will stop buying from you because of what she says? If the answer is no, I would take a deep breath, have a sip of bourbon, and relax like a Buddha.

 

I agree. I think she wants to tick off folks at times. It sure gets them reading her reports.

 

I agree with her that the market is going to bomb out after the FUN sale, because the economy is tanking in the toilet. Where I diverse in opin is that CAC, PCGS, NGC etc are all going to be fairly meaningless in the next few months to several years. Wanna know why so much choice materiel has entered the market lately?

It is because the people in the know are unloading this stuff off on sops while the getting out is good. Pretty soon a lot of this choice materiel is going to make some dramatic and gut wrenching price drops.

Face it, when you have $600K a year guys going around with placards on their necks looking for work, and half a million people losing their jobs in one month - the fun is only beginning.

Coins are excess for a lot of people, and if you have too much tied up into them - it is time to get rid of them - quickly - if you think in the near future that you might have to draw on the funds tied up in them.

For the more fortunate collectors with dosh to let, this is a fantastic time to buy in the next years. Prices will be ridiculously low for a lot of stuff being sold off on fire sale prices by people having to unload it to make mortgage, taxes, cost of living etc.

 

Funny how the opinion of one can influence the minds of so many.

 

It is a blatant plug for CAC but then again, what else did you expect?

She makes some good points, and one thing that everyone seems to be blatantly ignoring... what's happened the last 2 times coin prices spiked like they have in the past few years?

 

LOL . Thank you I needed that. Great minds think alike as I like your approach to this topic - half full not half empty - and may your glass of bourbon always be half full! Let's face it, if you have a monster toned lincon vdb that is graded authentic by the top two I would bet Larry would pay you a VERY fair premium for. Laura's comments are not going to change the way the majority of the buyers buy and this seems more like a self serving ad than an objective article.

Be the budda

 

She should have somebody proofread her writing before posting it in such a professional location.

 

My other thought is that Ms. Sperber is playing on a whole different field and playing a whole different game than most of us. Very few of us here, less than 1% I would expect, are buying coins with the kinds of values she's mentioning ($10,000, $25,000, etc.). Most of us buy coins that are below the junk of the junk that she's talking about. For "junk" coins, she's still talking about coins that are valuable enough to have certified and still worth at least hundreds of dollars...Many of us are digging through the bargin bins, roll searching, and buying nice coins that we enjoy that are far under $100 each. So I guess what I'm saying is, it's all a matter of perspective.

 

And there are always us plebeian sorts that can afford the coins she aspires such for, but having started out as the junk box collectors still feel a sundry notion to ameliorate our collecting passions with sundry cent box searches on a weekly basis. Finding the 1909 VDB in a cent box search can be just as thrilling as buying a $12K coin - actually more so when you consider how unlikely it is that you will find a 99 year old coin in circulating coinage still. And I have found two in the last four months.

 

ever heard the term dogs bark and elephants pass. i dont know why you get worked up about stray people making foolish comments. now if I or GD said that get your hammer out. the big one for GD relax pal its not worth blowing your fuse over. there is only one life so ignore the ignorant

 

I agree it may be a matter of perspective but may lack a little class or be a little pompous.

 

Yep. Go back to the website and check out the inventory. Big $$$.

Lots of CAC coins ! Who knew ?

 

The way I read that paragragh about cac, is that we shouldn't even trust PCGS/NGC because people crack open the slabs, then doctor the coins and resubmit them. So the way she talks, the Big tpg,s can't tell a doctored coin from an original one. I find that a little hard to believe considering how quick they are to BB a coin that they think might have been cleaned.
She has a small point about resale values (because people are falling for it), but she is questioning our intelligence and calling us idiots for not falling for the cac sales pitch.

 

Well , If you want my personal opinion you will have to PM me .

Since the company I work for is a CAC dealer & what I say publically is a reflection on them for certain things I dont feel comfortable commenting.

But..... Sensationalism sells.