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<p>[QUOTE="Player11, post: 1111069, member: 26725"]CAC attempts to take on the concept of PQ (or solid for the grade) and this can be very subjective. It is a closely held group of owners (Legend Numismatics among one and some wealthy backers) who appear successful in marketing expensive coins over $1000 with big markups vs the CDN. The CAC greenbean is their vehicle to do this. I believe it is mainly a fad (like some of the huge prices on mods in 70), a sort of Numismatic Boutique. After seeing many of their coins on the bourse (and at auction), I disagree with a number of them I have seen (especially those with dark toning). I have over 20 years of bourse room experience as a dealer and operate a shop. The PCGS AND NGC + designations essentially render CAC obsolete. On average CAC coins are priced about 15% above NON CAC coins or even higher (Dealer ads in Coin World). I have found it hard to get this kind of a premium on CAC coins and consequently have no interest in them if it means a significant premium or getting in a bid war. CAC coins make up a very small portion of certified coins.</p><p> </p><p>Take a look at what their dealers (like Legend) are asking for their coins relative to the the CDN. If your game is to be the high buyer / end user well go for it. As a dealer, I don't have much use for CAC coins. It is a fad, like the Registry Craze and the people I know who have large numbers of CAC coins have really paid thru the nose for them.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1111069, member: 26725"]CAC attempts to take on the concept of PQ (or solid for the grade) and this can be very subjective. It is a closely held group of owners (Legend Numismatics among one and some wealthy backers) who appear successful in marketing expensive coins over $1000 with big markups vs the CDN. The CAC greenbean is their vehicle to do this. I believe it is mainly a fad (like some of the huge prices on mods in 70), a sort of Numismatic Boutique. After seeing many of their coins on the bourse (and at auction), I disagree with a number of them I have seen (especially those with dark toning). I have over 20 years of bourse room experience as a dealer and operate a shop. The PCGS AND NGC + designations essentially render CAC obsolete. On average CAC coins are priced about 15% above NON CAC coins or even higher (Dealer ads in Coin World). I have found it hard to get this kind of a premium on CAC coins and consequently have no interest in them if it means a significant premium or getting in a bid war. CAC coins make up a very small portion of certified coins. Take a look at what their dealers (like Legend) are asking for their coins relative to the the CDN. If your game is to be the high buyer / end user well go for it. As a dealer, I don't have much use for CAC coins. It is a fad, like the Registry Craze and the people I know who have large numbers of CAC coins have really paid thru the nose for them.[/QUOTE]
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