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<p>[QUOTE=&quot;Hobo, post: 513323, member: 11521&quot;]John Albanese - the founder of CAC - will be speaking about CAC at ANA Summer Seminar this year. I have already reserved a seat for myself. After I learn just what CAC is (and what it is not) directly from the horse&#039;s mouth I will let you know. But I know there will always be confusion and consternation regarding CAC because some people just don&#039;t like slabs and especially don&#039;t like a slab with a sticker.</p><p>&nbsp;</p><p>My understanding of CAC today is: There is a range of quality across a particular grade. Some coins are low for the grade, some are high for the grade and some are in the middle. CAC will place their sticker on a slab if they agree the coin is either solid or premium for the grade. </p><p>&nbsp;</p><p>I took this quote directly from the <a href="http://www.caccoin.com/?page_id=7" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.caccoin.com/?page_id=7" rel="nofollow">CAC web site</a>:</p><p>&nbsp;</p><p><br /></p><p>&nbsp;</p><p>If you looked at 100 coins - same denomination, same date and mintmark - that are all graded the same (let&#039;s say they are PCGS MS-64 1888 Morgan Dollars) you would notice that they are not all identical. (Further, let&#039;s assume you agree with the grading for all of the coins - none of them should grade MS-65 or MS-63.) Some of these coins are better than others. You can separate these identically-graded coins into 3 groups - A for the higher end coins that are almost, but not quite, MS-65, B for the mid-range coins that are solid MS-64s and C for the lower end coins that are slightly better than MS-63. </p><p>&nbsp;</p><p>CAC places their sticker on those coins that they deem are A or B coins - in other words, solid for the grade or premium. They do not sticker the C coins. It is no more complicated than that. </p><p>&nbsp;</p><p>If CAC does not sticker a slab it does not mean they do not agree with the grade. CAC may agree a coin is graded correctly but if it is in the C group it won&#039;t get their sticker.</p><p>&nbsp;</p><p>(If you wanted to carry this exercize further you could break the coins down into 10 groups. The worst of the lot would grade MS-64.0 - ever so slightly better than MS-63.9. The next group would grade MS-64.1, and so on up to MS-64.9 which is just a hair&#039;s breath away from MS-65.0. The truth is most people have enough trouble distinguishing MS-64 from MS-65 much less MS-64.4 from MS-64.5.)[/QUOTE]</p><p><br /></p>

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