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<p>[QUOTE=&quot;Lehigh96, post: 465180, member: 15309&quot;]We are at post number 15 in this thread and not one person has posted in support of the CAC.&nbsp; Well here it is.&nbsp; I like TPG&#039;s and I like the CAC even more.&nbsp; Will I ever submit my coins to the CAC? Only if they are expensive and I am looking to sell them.&nbsp; Now I know what everyone is thinking; you want the CAC sticker so you can get a higher sale price.&nbsp; No, that is not the reason, and not the reason the CAC was created.&nbsp; The CAC was founded in order to accomplish what the TPG&#039;s tried to accomplish when they were founded:&nbsp; to create a sight unseen market for rare coins.&nbsp; </p><p><br /></p><p>I hear members of this forum say all the time, buy the coin not the slab.&nbsp; But what if you can&#039;t see the coin.&nbsp; There are many collectors like myself that don&#039;t have the time or ability to attend the major coin shows in order to personally view their coin purchases.&nbsp; I have to judge my potential purchases using only a photo.&nbsp; My guess is that most members of cointalk would agree that you can&#039;t properly grade a coin from a photo, which would make the coin sight unseen.&nbsp; If the TPG assigns the grade, and then the CAC confirms that the assigned grade is good for the grade, it all but eliminates the possibility that the coin is over-graded and allows a buyer to purchase an expensive coin sight unseen.&nbsp; </p><p><br /></p><p>If you want an example, I will give you one.&nbsp; I have posted a photo of this coin several times including once earlier this week.&nbsp; The coin is a 1942-P Silver Jefferson Nickel NGC PF66 CAMEO.&nbsp; However, I never posted the Heritage photo that I had to use to grade the coin.&nbsp; Well here it is on the right.&nbsp; The value of this coin rests solely on the validity of the CAMEO designation in the amount of over $2,000.&nbsp; There is no way to tell from the Heritage photo if this coin is an actual cameo or not, and I am not about to gamble over $2,000 on that photo.&nbsp; This coin was in a Heritage Signature auction about one month after the inception of the CAC and was one of the first coins to get a CAC sticker.&nbsp; The CAC sticker reduced the odds that the coin was not a CAMEO significantly so that I could gamble on the results.&nbsp; I was pleased when I got the coin in the mail and saw the beautiful cameo shown in the left hand photo.&nbsp; If this coin had not been CAC stickered, there would have been no way for me to even place a bid on a coin that I have desperately wanted for years.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JeffersonNickel1942-PSilverNGCPF-9.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>When I look at making a bid on an expensive coin that I am at all unsure about the assigned grade, I look for the CAC sticker as insurance.&nbsp; Doug has astutely pointed out that he has never submitted a coin to a TPG for grading.&nbsp; I say the same thing about the CAC.&nbsp; You don&#039;t have to send your coins to the CAC and spend the money to get them stickered.&nbsp; As far as the sticker driving up the prices of coins, I don&#039;t mind that either.&nbsp; If you pay a premium for a CAC stickered coin, chances are good that you will recoup that premium when you sell it (assuming CAC doesn&#039;t collapse).&nbsp; If you pay normal price for a coin without a CAC sticker, what are the chances that you will lose a significant amount of money at sale time because you purchased a coin that was low end for the assigned grade?&nbsp; I think of the CAC as an insurance policy for the grade of your coin and don&#039;t mind paying a little more for the peace of mind. </p><p><br /></p><p>OK, flame away![/QUOTE]</p><p><br /></p>

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