Message:

<p>[QUOTE=&quot;GDJMSP, post: 7844572, member: 112&quot;]As for the question you asked in your post - </p><p><br /></p><p><br /></p><p><br /></p><p>I&#039;d say CAC itself is who benefitted by the creation of the company (CAC). Them, and nobody else. And ya can&#039;t blame &#039;em, it&#039;s a great business model. They get dealers to send them their coins and pay them to put a sticker on an existing slab - or not put a sticker on it. But they pay either way of course.</p><p><br /></p><p>And by the way, back in the beginning it wasn&#039;t just dealers who could submit coins to CAC, collectors could submit them as well. But they did away with that part of it once the money started rolling in and limited submissions to dealers only. Doing that allowed to keep overhead down by limiting the number of staff needed to keep up with things. Again, a good business model.</p><p><br /></p><p>They will still however buy coins, that have CAC stickers on them, from collectors. They&#039;re all too willing to do that. But have ya ever tried to sell coins to them Charley ? Or has anybody else ? I know of a few who did, and yeah they offered to buy &#039;em alright, at steeply discounted prices. Some of which were only about 40% of what current realized auction prices were at the time. A few others were higher than that, but all were well below current realized auctions prices. And yeah, I know, dealer buy prices are always lower, but typically only about 10-20% lower, depending on the coin of course. But of all the offers CAC made, only 1 was in that range.</p><p><br /></p><p>But when it comes time to sell, oh CAC sells &#039;em at a premium alright. Again, a good business model. It&#039;s like picking money off trees. Get paid to put stickers on slabs, get paid to buy coins that have stickers, and get paid again to sell coins that have stickers on them. Ya make money 3 different times on 1 coin ! It doesn&#039;t get much better than that !</p><p><br /></p><p>Those are my thoughts Charley.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in