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An example of "grade-flation" lowering specific grade market values
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<p>[QUOTE="C-B-D, post: 3585202, member: 43130"]Interesting thread for sure. I'd like to add a couple things:</p><p>1. The <i><u>entire</u></i> coin market has dropped off, not just PCGS coins or bullion. I've been a vest-pocket dealer since 2011, dealing mostly in raw U.S. type coins. The market was hotter than Hell back then. I could auction anything from 99 cents and I'd be <i>shocked</i> at the hammer price. I felt the slow drop off between 2012 and 2015. By 2016, it was bad. Then I experienced a bump in the positive in early 2017 through late 2018... so for nearly 2 years. People were spending again. There has been another dip in 2019, but thus far, it hasn't been terrible by any means.</p><p><br /></p><p>2. CAC is becoming more popular as of late, especially for common coins. I try to sell my NGC and PCGS coins to no avail, but I send them to CAC and they sticker? BOOM! Sold for a premium. Just yesterday I sold a Capped Bust Half 1836/1336 XF40 CAC for $350. It sat there without a sticker for nearly 2 months at $275. Crickets.</p><p><br /></p><p>3. CAC is sort of in bed with PCGS. The lines are blurring. Some of the owners of CAC are on the PCGS board of experts, right? And when Mark Salzberg of NGC sent out a critical letters naming examples of PCGS gradeflation, PCGS not only issued a counter-response, but they also created an advertisement stating that more of their coins were CAC stickered than NGC! That's a straight up endorsement![/QUOTE]</p><p><br /></p>
[QUOTE="C-B-D, post: 3585202, member: 43130"]Interesting thread for sure. I'd like to add a couple things: 1. The [I][U]entire[/U][/I] coin market has dropped off, not just PCGS coins or bullion. I've been a vest-pocket dealer since 2011, dealing mostly in raw U.S. type coins. The market was hotter than Hell back then. I could auction anything from 99 cents and I'd be [I]shocked[/I] at the hammer price. I felt the slow drop off between 2012 and 2015. By 2016, it was bad. Then I experienced a bump in the positive in early 2017 through late 2018... so for nearly 2 years. People were spending again. There has been another dip in 2019, but thus far, it hasn't been terrible by any means. 2. CAC is becoming more popular as of late, especially for common coins. I try to sell my NGC and PCGS coins to no avail, but I send them to CAC and they sticker? BOOM! Sold for a premium. Just yesterday I sold a Capped Bust Half 1836/1336 XF40 CAC for $350. It sat there without a sticker for nearly 2 months at $275. Crickets. 3. CAC is sort of in bed with PCGS. The lines are blurring. Some of the owners of CAC are on the PCGS board of experts, right? And when Mark Salzberg of NGC sent out a critical letters naming examples of PCGS gradeflation, PCGS not only issued a counter-response, but they also created an advertisement stating that more of their coins were CAC stickered than NGC! That's a straight up endorsement![/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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