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<p>[QUOTE="Lehigh96, post: 6438102, member: 15309"]But that is the whole point. That next grade represents the conditional rarity, and it is exactly that price jump that causes people to submit/resubmit coins trying to get that grade with the big price tag. The result is an artificially inflated population at the lower grade with a suppressed price tag. A CAC sticker for the lower grade helps restore some of the value for coins that are actually good for the grade. So while rampant resubmissions chasing the conditional rarity caused the decline in price of the lower grade, the price jump created by the conditional rarity means a bigger spread in price between a CAC coin and a coin without at the lower grade. </p><p><br /></p><p>The next time you talk to one of these guys who have an "issue", ask them if they like gradeflation. From my perspective, if one dislikes gradeflation and its effect on coin prices, then that person can't object to the effect that CAC has on prices.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 6438102, member: 15309"]But that is the whole point. That next grade represents the conditional rarity, and it is exactly that price jump that causes people to submit/resubmit coins trying to get that grade with the big price tag. The result is an artificially inflated population at the lower grade with a suppressed price tag. A CAC sticker for the lower grade helps restore some of the value for coins that are actually good for the grade. So while rampant resubmissions chasing the conditional rarity caused the decline in price of the lower grade, the price jump created by the conditional rarity means a bigger spread in price between a CAC coin and a coin without at the lower grade. The next time you talk to one of these guys who have an "issue", ask them if they like gradeflation. From my perspective, if one dislikes gradeflation and its effect on coin prices, then that person can't object to the effect that CAC has on prices.[/QUOTE]
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