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<p>[QUOTE="Coinchemistry 2012, post: 2043547, member: 28107"]That's because CAC has a lot of volume. You could argue that it is contrary to his goal, but he can only work but so fast. It doesn't change the thrust of the liquidity argument.</p><p><br /></p><p><br /></p><p><br /></p><p>I am not suggesting that one automatically buy only CAC coins or pay a substantially higher price merely because the coin was CAC verified. I will buy a coin I like regardless of whether it has a sticker and regardless of whether PCGS and NGC have slabbed it. I have even bought raw coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /> (And that isn't sarcasm directed at you).</p><p><br /></p><p>With regards to liquidity, liquidity refers to the ability to quickly turn coins into cash at fair prices. As such, CAC verified coins are highly liquid as I am one phone call away from a cash offer. And in every dealing I have had with them, I was treated very fairly and made more than I would have netted after an auction and there is no delay. Thus, yes, the coins are highly liquid and can be quickly converted to cash without a lot of time or expense. And for that reason, I submit coins. I think of it as a cheap insurance policy - I can get the money out when I need it if I have an emergency or if I need to raise capital for another project/acquisition.</p><p><br /></p><p>Edited: With regards to acquiring CAC coins, the sticker does not materially affect the price I will pay. I will pay a price that is proportional to the quality of the coin whether the exceptional quality has been recognized by CAC or not.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinchemistry 2012, post: 2043547, member: 28107"]That's because CAC has a lot of volume. You could argue that it is contrary to his goal, but he can only work but so fast. It doesn't change the thrust of the liquidity argument. I am not suggesting that one automatically buy only CAC coins or pay a substantially higher price merely because the coin was CAC verified. I will buy a coin I like regardless of whether it has a sticker and regardless of whether PCGS and NGC have slabbed it. I have even bought raw coins. :eek: (And that isn't sarcasm directed at you). With regards to liquidity, liquidity refers to the ability to quickly turn coins into cash at fair prices. As such, CAC verified coins are highly liquid as I am one phone call away from a cash offer. And in every dealing I have had with them, I was treated very fairly and made more than I would have netted after an auction and there is no delay. Thus, yes, the coins are highly liquid and can be quickly converted to cash without a lot of time or expense. And for that reason, I submit coins. I think of it as a cheap insurance policy - I can get the money out when I need it if I have an emergency or if I need to raise capital for another project/acquisition. Edited: With regards to acquiring CAC coins, the sticker does not materially affect the price I will pay. I will pay a price that is proportional to the quality of the coin whether the exceptional quality has been recognized by CAC or not.[/QUOTE]
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