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<p>[QUOTE=&quot;Lehigh96, post: 839264, member: 15309&quot;]To clarify my intitial post, I do not believe that every CAC coin that fetches a premium would have done so without the sticker. I also don&#039;t think that the CAC sticker will automatically drive a premium. From my experience with higher level coins in an auction format, the cream rises to the top. The coins are evaluated by the bidders on their merits, not solely on the TPG grade or CAC sticker. Many of the bidders are dealers and have excellent grading skills of their own. The coins that drive premiums are coins with outstaning eye appeal and quality for the assigned grade. Without both, you can expect the coin to perform near the wholesale level.</p><p>&nbsp;</p><p>While I have not conducted a statistical analysis of previous auction prices, I would bet that most of the CAC coins drove a premium over wholesale. I would also bet that a large majority of these CAC coins that realized a premium had above average eye appeal. On the other hand, the CAC will sticker coins that have excellent surfaces and strike but are lacking in luster and eye appeal. While technically, these coins are good for the grade and deserving of a sticker, they usually under perform in an auction setting. </p><p>&nbsp;</p><p>If you are seeing these coins sell for 30-60% premiums, then I submit that there are foolish collectors blindly paying a premium without a full understanding of coin grading. The other scenario is that you have dealers who are buying CAC coins exclusively at a premium and using marketing gimmicks to sell them at even higher premiums in a retail setting. They will sell these coins to the same foolish collector base that will blindly pay premiums without fully understanding grading. Unfortunately, we must accept that there are some in the business that will jump at the opportunity to exploit others for financial gain.</p><p>&nbsp;</p><p>My problem is that I am not in a position to refute your claim that 30-60% of the unappealing CAC coins still sell for significant premiums. My collection revolves around eye appeal and those are the only coins that I track and watch. Maybe if we could work out an interesting wager, I would be motivated to research the issue.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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