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Message:: [QUOTE="brg5658, post: 1928981, member: 29751"]CAC is first and foremost a company that gets to identify coins that they themselves are willing to make a market in on one of their coin exchanges.  The fees paid by submitters to CAC for their little sticker don't even cover CAC's cost to handle the coins.  CAC makes their money by buying and selling coins, like any other dealer -- not by "grading" coins.  Don't forget that little tidbit -- CAC is a dealer and market maker. They are not a TPG -- and they don't grade coins, per se.  CAC either passes or fails a coin based on their opinion that it is strong for the numerical grade on the slab (or not).  The application of a little green "approval" sticker to someone else's product is NOT the same as assigning a grade to a raw coin in the first place.  And, there are numerous examples of CAC applying their little green sticker, a coin being cracked out and resubmitted -- upgrading even by 1-2 points at NGC or PCGS, and then CAC applies their little green sticker again.  So, they agree that the coin was strong (but properly graded) as an MS63, and then they agree that it was strong (but properly graded) as an MS64.  This is inconsistent. TPGs and CAC are not infallible, and they are prone to change their subjective opinions of a coin from one view to the next.  In effect, the good-ole-days of simply grading coins as either MS60, MS63, MS65, and MS67 would probably suffice today -- as the consistency and ability of TPGs to truly differentiage between an MS64 and MS65 for a lot of coins is just random.  Add in the TPGs new "+" (plus) system, and it's almost laughable. Cheers.[/QUOTE]

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