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<p>[QUOTE="mikem2000, post: 1503482, member: 30574"]That is just too cute for words. You suggest I take a logic class, yet you use your logic and come up with a totally wrong conclusion. The green sticker does not have it's own value as you suggest, it only represents value. </p><p><br /></p><p>Here is where you went wrong. The fact that we have seen substandard CAC coins has nothing to do with the price of tea in China. The system is not perfect, but the fact is CAC does a great job in identifying superior coins and a few exceptions does not make the system invalid. If you believe that CAC cannot identify good coins on a consistent basis, that is your choice, but a few bad examples does not do anything to prove your point. No one ever said CAC gets it right every time. If you still choose to believe CAC cannot select solid and premium coins on a consistent basis, I would just like to point out that most of serious folks in the coin world disagree. I would also point out in previous posts that you yourself stated, you do not know how to grade coins, so I don't understand how you have the ability to rate CAC.</p><p><br /></p><p>Now your point about inclusive set theory. This is just not a mathematical proof where all conditions must be met. A large enough sub set is all we need to draw very valid conclusions. I really hope you can see the difference here, because from a strict scientific point of view, my point cannot be proven, but that sword cuts both ways. Your conclusion cannot be proven either. In fact, you logic seems to be the green sticker must have its own value since we do not have an inclusive set to prove otherwise. Like it or not, that is what you said. Its all there in black and white.</p><p><br /></p><p>Now your assumption that there are very few coins of correct or superior grade that are stickered may even be correct, but it is very, very misleading. If you read the article, the CAC sticker sees to hold more value in the higher priced coins, and that is what we are really concerned about. I am sure there are very few $10 - $100 dollars coins with CAC stickers. Why, well the reason should be obvious. I mean why pay $15 plus shipping both ways to sticker a cheap coin. Now as we move up the scale, more and more coins start being submitted to CAC. This is obvious. If you have a $1500 dollar coin and you want to sell it. You think it is premium for the grade, why on Earth would you not submit it to CAC first, before selling. Ruben article tells you that stickered coins command a premium. So you see, as we get into coins of more value, this subset of CAC submitted coins gets much, much larger. While the subset will never be 100% inclusive, almost all would have to agree, it is large enough to draw very valid conclusions. If there is any doubt that the subset is not large enough, go out and look at only 4 digit coins and see the large quantity of CAC stickered coins in that neighborhood. Now from this subset, when you start to look at the coins, and I mean many, many of the coins, it does become obvious that the stickered coins are in fact a higher quality. So now we are back to the original point. For the same money, why would you buy a non-stickered coin, if you could get a stickered counterpart for the same price. </p><p><br /></p><p>So just a question to sum it up. You have $2000 to spend on a coin. You see coin A with a sticker and coin B which is the same Grade/Date/MM, but no sticker. It really takes an expert to discern levels within a grade and you are looking at these coins on-line. You admit that you do not know how to grade coins. Which one do you pick?</p><p><br /></p><p>I am looking forward to your sharp tongued response.</p><p><br /></p><p>BTW if there are mistakes with my grammar, spelling etc., that is because I am practically illiterate, my logic on the other hand is flawless</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1503482, member: 30574"]That is just too cute for words. You suggest I take a logic class, yet you use your logic and come up with a totally wrong conclusion. The green sticker does not have it's own value as you suggest, it only represents value. Here is where you went wrong. The fact that we have seen substandard CAC coins has nothing to do with the price of tea in China. The system is not perfect, but the fact is CAC does a great job in identifying superior coins and a few exceptions does not make the system invalid. If you believe that CAC cannot identify good coins on a consistent basis, that is your choice, but a few bad examples does not do anything to prove your point. No one ever said CAC gets it right every time. If you still choose to believe CAC cannot select solid and premium coins on a consistent basis, I would just like to point out that most of serious folks in the coin world disagree. I would also point out in previous posts that you yourself stated, you do not know how to grade coins, so I don't understand how you have the ability to rate CAC. Now your point about inclusive set theory. This is just not a mathematical proof where all conditions must be met. A large enough sub set is all we need to draw very valid conclusions. I really hope you can see the difference here, because from a strict scientific point of view, my point cannot be proven, but that sword cuts both ways. Your conclusion cannot be proven either. In fact, you logic seems to be the green sticker must have its own value since we do not have an inclusive set to prove otherwise. Like it or not, that is what you said. Its all there in black and white. Now your assumption that there are very few coins of correct or superior grade that are stickered may even be correct, but it is very, very misleading. If you read the article, the CAC sticker sees to hold more value in the higher priced coins, and that is what we are really concerned about. I am sure there are very few $10 - $100 dollars coins with CAC stickers. Why, well the reason should be obvious. I mean why pay $15 plus shipping both ways to sticker a cheap coin. Now as we move up the scale, more and more coins start being submitted to CAC. This is obvious. If you have a $1500 dollar coin and you want to sell it. You think it is premium for the grade, why on Earth would you not submit it to CAC first, before selling. Ruben article tells you that stickered coins command a premium. So you see, as we get into coins of more value, this subset of CAC submitted coins gets much, much larger. While the subset will never be 100% inclusive, almost all would have to agree, it is large enough to draw very valid conclusions. If there is any doubt that the subset is not large enough, go out and look at only 4 digit coins and see the large quantity of CAC stickered coins in that neighborhood. Now from this subset, when you start to look at the coins, and I mean many, many of the coins, it does become obvious that the stickered coins are in fact a higher quality. So now we are back to the original point. For the same money, why would you buy a non-stickered coin, if you could get a stickered counterpart for the same price. So just a question to sum it up. You have $2000 to spend on a coin. You see coin A with a sticker and coin B which is the same Grade/Date/MM, but no sticker. It really takes an expert to discern levels within a grade and you are looking at these coins on-line. You admit that you do not know how to grade coins. Which one do you pick? I am looking forward to your sharp tongued response. BTW if there are mistakes with my grammar, spelling etc., that is because I am practically illiterate, my logic on the other hand is flawless Mike[/QUOTE]
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