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CAC no longer accepts Colonial coinage for stickering
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<p>[QUOTE="brg5658, post: 2035724, member: 29751"]They already have changed their policy from their beginnings...they started to sticker Ike dollars (in just the past couple years). </p><p><br /></p><p>I personally don't think CAC cares about where the volume is -- they don't make any money on the review/stickering process. They make their big bucks by "making" the secondary market in coins with their <i><b>magic</b></i> bean. The review/sticker process is a loss leader... </p><p><br /></p><p>If the volume of the colonials really is very low, then I don't understand removing them from the list of things that they will review. It's not as if CAC has to actually grade the coins -- they just have to "agree" or "disagree" with the grade that's already on the slab. </p><p><br /></p><p>Then again, I don't really understand the whole business model of CAC to begin with. They cater to those who can't think for themselves or who want a <b>crutch</b> on which to build an investment. As a collector (not an investor), I collect what I like, not what John Albanese likes. So, I won't ignore a coin with a bean, but I don't give it an added boost. Either I like a coin or I don't -- regardless of the holographic sparkly magical entrancing green bean. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 2035724, member: 29751"]They already have changed their policy from their beginnings...they started to sticker Ike dollars (in just the past couple years). I personally don't think CAC cares about where the volume is -- they don't make any money on the review/stickering process. They make their big bucks by "making" the secondary market in coins with their [I][B]magic[/B][/I] bean. The review/sticker process is a loss leader... If the volume of the colonials really is very low, then I don't understand removing them from the list of things that they will review. It's not as if CAC has to actually grade the coins -- they just have to "agree" or "disagree" with the grade that's already on the slab. Then again, I don't really understand the whole business model of CAC to begin with. They cater to those who can't think for themselves or who want a [B]crutch[/B] on which to build an investment. As a collector (not an investor), I collect what I like, not what John Albanese likes. So, I won't ignore a coin with a bean, but I don't give it an added boost. Either I like a coin or I don't -- regardless of the holographic sparkly magical entrancing green bean. :D[/QUOTE]
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CAC no longer accepts Colonial coinage for stickering
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