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<p>[QUOTE=&quot;GDJMSP, post: 1825090, member: 112&quot;]That&#039;s the problem I see with the CAC concept - way too many people <u>think</u> that is what CAC is doing. But it isn&#039;t.</p><p><br /></p><p>The CAC concept is based on the idea that there are 3 categories within each grade.</p><p><br /></p><p>1 - below average for the grade</p><p>2 - average for the grade</p><p>3 - above average for the grade</p><p><br /></p><p>Coins that are below average for the grade do not get the CAC sticker. And there&#039;s a lot of coins that don&#039;t get it.</p><p><br /></p><p>Coins that are average for the grade do get the CAC sticker. And the majority of the coins with the CAC sticker fall into this category.</p><p><br /></p><p>Coins that are above average for the grade also get the CAC sticker of course, but there are a lot less of them than there are coins in the 2nd category.</p><p><br /></p><p>So only a few coins are being declared as premium for the grade by CAC - not all of them, just a few !</p><p><br /></p><p>Are some of them worth more money ? Yeah, sure they are. But they always have been. People who know coins have always been able to look at a coin tell if it is worth a premium over other coins graded the same. That&#039;s why coins have a price range and not a set value.</p><p><br /></p><p>CAC came along because they recognized this and because they know that most collectors are not capable of recognizing what category of a grade that a given coin falls into. CAC is for those people, and since there are so many of those people CAC is successful. And yeah I&#039;ll even agree it is a good idea for those people.</p><p><br /></p><p>But people have gotten carried away because they seem think that ALL coins with the CAC sticker are premium for the grade, above average for the grade, but that is simply not true. And they are paying too much money for them. <u>Only a small percentage</u> of the coins with the CAC sticker are premium for the grade !</p><p><br /></p><p>It kind of reminds me of what happened with coins that get the 70 grade. Ten to fifteen years ago there were very few coins that got the 70 grade and people paid outrageous prices for them, ridiculous prices. But then things changed almost overnight and the number of coins that got the 70 grade increased exponentially. And the prices for the 70 coins began dropping rapidly. Many of them dropped by a factor of 10, some even more. And that was because people eventually realized that the coins were NOT worth that much after all. But it took a while for that to happen, and a whole lot of people lost a whole lot of money. And it was all because people did not understand what was going on.</p><p><br /></p><p>I&#039;d hate to see that happen again. So before you pony up premium money for that CAC sticker - THINK PEOPLE ! Is the coin you&#039;re buying one of the few that is actually premium for the grade ? If it is, fine, pay a premium price, I would too.</p><p><br /></p><p>Or is it one of the many that is just average for the grade ? That&#039;s what will get you.[/QUOTE]</p><p><br /></p>

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