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<p>[QUOTE="mrbrklyn, post: 469829, member: 4381"]There is something more insidious that this though. It doesn't matter if they are accurate with their evaluations or not. Market economics dictate that the standard can not be maintained over time because the response of the market to the fear their stickers will generate will erode the economic need for tight evaluation because it supersedes the normal interpretation and flow of information in the market.</p><p><br /></p><p>The purpose of their service is to distort the market by establishing themselves as a gatekeeper in the evaluation of market necessary information. Where the TPG is saying this coin IS a MS62 an we slab it as such in such a way as to evaluate the coin and protect it from tampering. The service is grading coins which are otherwise ungraded.</p><p><br /></p><p>The purpose of CAC is to fix the market. By establishing their sticker as proof that a grade, no matter how it was acquired, is either above or below market expectations within the grade level of the TPG they are intervening in the market value of a product by causing irrational fear.</p><p><br /></p><p>An MS68 Morgan which can be expertly evaluated as a above average coin without a sticker will soon be discounted for lack of validation. The market would demand this behavior assuming that CAC has a successful operation. And CAC is SAYING they expect this result to its clients through its advertising and press and saying it in plain English.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>
[QUOTE="mrbrklyn, post: 469829, member: 4381"]There is something more insidious that this though. It doesn't matter if they are accurate with their evaluations or not. Market economics dictate that the standard can not be maintained over time because the response of the market to the fear their stickers will generate will erode the economic need for tight evaluation because it supersedes the normal interpretation and flow of information in the market. The purpose of their service is to distort the market by establishing themselves as a gatekeeper in the evaluation of market necessary information. Where the TPG is saying this coin IS a MS62 an we slab it as such in such a way as to evaluate the coin and protect it from tampering. The service is grading coins which are otherwise ungraded. The purpose of CAC is to fix the market. By establishing their sticker as proof that a grade, no matter how it was acquired, is either above or below market expectations within the grade level of the TPG they are intervening in the market value of a product by causing irrational fear. An MS68 Morgan which can be expertly evaluated as a above average coin without a sticker will soon be discounted for lack of validation. The market would demand this behavior assuming that CAC has a successful operation. And CAC is SAYING they expect this result to its clients through its advertising and press and saying it in plain English. Ruben[/QUOTE]
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