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CAC article- Nov.08 Coinage
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<p>[QUOTE="Vess1, post: 468964, member: 13650"]According to this article, the intent of the CAC stickers is actually good for the hobbyist. It seems reasonable to me. Here's where the guy is coming from. A short piece from the article:</p><p><br /></p><p> "The concept for the kind of service rendered by CAC grew out of Albanese's (the founder) concern that low-end coins were dominating the marketplace. For grading purposes, Albanese, like a number of other market makers, divides coins into three groups- A, B, and C- with "B" coins being average for their grade, "C" coins below average (or low-end) and "A" coins above average. "For way too long," he said, "C" coins have been dragging the market down. Nicer coins have traded for a premium over C coins, but it hasn't been nearly enough. The tail has been wagging the dog: Price guide values have been based on the lowest one-third, or even the lowest 10 percent, of the coins in a given population. </p><p><br /></p><p> "To me, that doesn't seem fair- and it's also misleading to consumers. When they buy a coin from a dealer based on the price-list value, they almost always get a C coin. But when they try to sell an A coin to a dealer, they're almost always offered a C-coin price."</p><p><br /></p><p><span style="color: Red">edited - sorry Vess, but forum rules prohibit this.</span>[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 468964, member: 13650"]According to this article, the intent of the CAC stickers is actually good for the hobbyist. It seems reasonable to me. Here's where the guy is coming from. A short piece from the article: "The concept for the kind of service rendered by CAC grew out of Albanese's (the founder) concern that low-end coins were dominating the marketplace. For grading purposes, Albanese, like a number of other market makers, divides coins into three groups- A, B, and C- with "B" coins being average for their grade, "C" coins below average (or low-end) and "A" coins above average. "For way too long," he said, "C" coins have been dragging the market down. Nicer coins have traded for a premium over C coins, but it hasn't been nearly enough. The tail has been wagging the dog: Price guide values have been based on the lowest one-third, or even the lowest 10 percent, of the coins in a given population. "To me, that doesn't seem fair- and it's also misleading to consumers. When they buy a coin from a dealer based on the price-list value, they almost always get a C coin. But when they try to sell an A coin to a dealer, they're almost always offered a C-coin price." [COLOR="Red"]edited - sorry Vess, but forum rules prohibit this.[/COLOR][/QUOTE]
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CAC article- Nov.08 Coinage
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