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<p>[QUOTE="charley, post: 6443198, member: 5372"]I don't encounter any hobbyist that does not concur with buy the coin, not the holder.</p><p><br /></p><p>I do think generalizing the CAC designation is no more and no less in quality and value than a non-CAC coin is a correct evaluation.</p><p><br /></p><p>If CAC was a me too 3PG, maybe that would hold as an objective evaluation.</p><p><br /></p><p>A person passes on a coin with a CAC because a non-CAC was a better strike, or did not have fingerprints, the toning color was on a personal level of acceptance., etc. Sure. My thought would be that the non-CAC coin was not submitted yet, or submitted and was considered a D , and/or the person buying the non-CAC coin was not as familiar with the series to the level of CAC evaluation, and assumes the reason for the non-CAC coin must be correct, because the CAC "equal" coin that was viewed is "superior". Is it? Or, was it less than accurately graded by the 3PG to start with. Maybe it is a Proof, and incorrectly identified (in certain series that happens a lot with 3PGs). Or, it was a very early strike and is superior and exceeds the average curve.</p><p>CAC is not indicating superiority. It is stating the coin that received a CAC designation is, in opinion, a fair and agreed to designation. No more, no less.</p><p><br /></p><p>Do mistakes happen?of course. Always. When I encounter a person that has a coin with such problems as listed....fingerprints, less than acceptable strike, ugly toning, etc., I always always ask if the person discussed the coin with CAC. the majority reply is no. Why not? CAC does in fact make a market and buys back coins that it evaluated as meeting the criteria for green or gold. Mistakes....actual mistakes and not I think you think evaluation....are corrected by CAC, and the person would be made whole.</p><p><br /></p><p>Do the 3PGs make a market for their own evaluations by buying their graded coins back? I do not mean mistake coins. I mean coins that meet the criteria of the hobby between a 50 and 63, or a 40 and a 50. </p><p><br /></p><p>I would also mention that a finger print is not always a fingerprint, and a non-CAC coin that appears superior to the CAC coin may not be....because it was tooled, or it was cleaned (not as easy to detect as many opine that it is), or was doctored.</p><p><br /></p><p>Read the book, know the series, view a 1,000 examples of the coin, know the good and the bad...toning, cleaning methods, subtle enhancements and how to detect.</p><p><br /></p><p>Then compare the difference between the non-CAC 3PG coins and the CAC coins.</p><p><br /></p><p>I do not know the point of the 1794 or 1804 CAC designation, but assume the intent is how can anybody know, because of the age.</p><p><br /></p><p>Fair point. My reply would be....how well versed is the person declaring the opinion to be able to detect enhancement, tooling, counterfeit, expert color tinkering, etc., before dismissing any 3PG or 4PG evaluation, and how many of the coin/series has the person personally evaluated?</p><p><br /></p><p>My opinion, yes, but I am comfortable with my opinion. If I don't know, I don' know. I then ask the person(s) that have a heck of a lot more experience than me. Personal like and dislike is what makes any market function. But, I always remind myself in such pursuits, information is King. Good information is God.[/QUOTE]</p><p><br /></p>
[QUOTE="charley, post: 6443198, member: 5372"]I don't encounter any hobbyist that does not concur with buy the coin, not the holder. I do think generalizing the CAC designation is no more and no less in quality and value than a non-CAC coin is a correct evaluation. If CAC was a me too 3PG, maybe that would hold as an objective evaluation. A person passes on a coin with a CAC because a non-CAC was a better strike, or did not have fingerprints, the toning color was on a personal level of acceptance., etc. Sure. My thought would be that the non-CAC coin was not submitted yet, or submitted and was considered a D , and/or the person buying the non-CAC coin was not as familiar with the series to the level of CAC evaluation, and assumes the reason for the non-CAC coin must be correct, because the CAC "equal" coin that was viewed is "superior". Is it? Or, was it less than accurately graded by the 3PG to start with. Maybe it is a Proof, and incorrectly identified (in certain series that happens a lot with 3PGs). Or, it was a very early strike and is superior and exceeds the average curve. CAC is not indicating superiority. It is stating the coin that received a CAC designation is, in opinion, a fair and agreed to designation. No more, no less. Do mistakes happen?of course. Always. When I encounter a person that has a coin with such problems as listed....fingerprints, less than acceptable strike, ugly toning, etc., I always always ask if the person discussed the coin with CAC. the majority reply is no. Why not? CAC does in fact make a market and buys back coins that it evaluated as meeting the criteria for green or gold. Mistakes....actual mistakes and not I think you think evaluation....are corrected by CAC, and the person would be made whole. Do the 3PGs make a market for their own evaluations by buying their graded coins back? I do not mean mistake coins. I mean coins that meet the criteria of the hobby between a 50 and 63, or a 40 and a 50. I would also mention that a finger print is not always a fingerprint, and a non-CAC coin that appears superior to the CAC coin may not be....because it was tooled, or it was cleaned (not as easy to detect as many opine that it is), or was doctored. Read the book, know the series, view a 1,000 examples of the coin, know the good and the bad...toning, cleaning methods, subtle enhancements and how to detect. Then compare the difference between the non-CAC 3PG coins and the CAC coins. I do not know the point of the 1794 or 1804 CAC designation, but assume the intent is how can anybody know, because of the age. Fair point. My reply would be....how well versed is the person declaring the opinion to be able to detect enhancement, tooling, counterfeit, expert color tinkering, etc., before dismissing any 3PG or 4PG evaluation, and how many of the coin/series has the person personally evaluated? My opinion, yes, but I am comfortable with my opinion. If I don't know, I don' know. I then ask the person(s) that have a heck of a lot more experience than me. Personal like and dislike is what makes any market function. But, I always remind myself in such pursuits, information is King. Good information is God.[/QUOTE]
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