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<p>[QUOTE=&quot;mrbrklyn, post: 471115, member: 4381&quot;]Its a fair question, but a different question from the validity of CAC as a ethical business standard.&nbsp; How well ANYONE grades coins is irrelevant to whether CAC is a scam or not.&nbsp; CAC is a scam because its profitability is completely dependent and a function of the degree of FUD it generates in the market.&nbsp; If it generates no fear of TPG&#039;s, it will make ZERO profit.&nbsp; If it generates too much fear uncertainty and doubt, it can destoy the entire market, for themselves and the&nbsp; TPGs it depends on.&nbsp; There is a specific amount of FUD they are dependent on to maximize their profits.&nbsp;&nbsp; ... and that is the scam...</p><p><br /></p><p><br /></p><p>I can&#039;t describe either market theory or how to validate and update the grading process do&nbsp; in one post. And what I would say about speficis of upgrading the process of grading would be theoretical and not necessarily the outcome of business experts in creating a grading system based on their collected data of the market and the best practices.&nbsp; Regardless, we need to really first look at basic market theory and I&#039;m willing to put out that basic information but it will take a day to at least write up.&nbsp; And I did post previously what it would likely&nbsp; take to create a validated grading service that can be mass produced with skilled labor.&nbsp; Do a search on validation and mrbrklyn.&nbsp; </p><p><br /></p><p>Quickly, In a pure market, a perfect market, you might have a classroom of equally educated people buying at auction 100 known raw coin.&nbsp; Under these conditions, coins are brought and sold in that market based soley on the financial wherewithal of the bidders and their personnel desire for the individual coin.&nbsp; Coin prices are determined by strict supply and demand and a function of the money supply.&nbsp; All market and business theory derives from this ideal condition and the exceptions from the ideal need to be rationally explained and mathematically described.&nbsp; </p><p><br /></p><p>Obviously, with coins, there is a big problem with market information.&nbsp; TPGs provide a service to grade coins.&nbsp; They sell that.&nbsp; People want that.&nbsp; It also happens to affect market behavior.&nbsp; But if TPGs are going their jobs, that shouldn&#039;t affect the grading process, deficiencies and all. (this sets aside for the moment Dougs discussion on recent market grading changes).&nbsp; What CAC is selling is a grade of the graders that is specifically designed to affect market outcomes.&nbsp; They can talk about A B and C grades all they want but it is economic BS.&nbsp; They are putting a sticker on a graded coin, not slabbing a coin.&nbsp; It is by definition Heresay information who&#039;s profitability depends on creating and exploiting fear in the market place about the quality of grades.&nbsp; No matter how tight or perfect NCG ever becomes at grading coins, CAC will still exploit the grades, instilling fear on into the market in order to drive their profits.</p><p><br /></p><p>There is no ethics here.&nbsp; NONE.&nbsp; </p><p><br /></p><p><br /></p><p>Ruben</p><p><br /></p><p>PS - BTW - Bosky was a nice guy and Milken poured a ton of money into charity.&nbsp; And Andrew Carnige claimed that new steel that was cheap and stronger was defective and told his customers that.&nbsp; Does that sound familiar?&nbsp; Of course his customers had no independent means to make that assessment themselves.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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