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CAC stickers don't bring premiums ?
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<p>[QUOTE="Lehigh96, post: 1503752, member: 15309"]On the contrary, you are not alone on the mountain. Almost every advanced collector that I have interacted with demands that their coins be certified by either PCGS or NGC and many prefer that high value coins have CAC certification. Chris is the one who is alone on the mountain. He spends up to $10K per month on coins and considers it completely disposable money. He has no intention of selling his coins and is a self proclaimed hoarder. It is nice to be wealthy enough to have a hundreds of thousands of dollars spent on coins that is viewed as a hobby expense but I promise you that is not the norm. </p><p><br /></p><p>The decision to demand TPG certification and prefer CAC certification for coins is born of financial prudence. Anyone who has ever tried to sell a raw coin collection has probably learned this lesson the hard way. However, TPG certification is not enough on it's own. Those "lazy" collectors that don't learn how to grade are indeed plastic collectors. They are destined to purchase the dreck, or as CAC would call them, "C" coins for the grade. Since they don't know any better, they will buy the coin at what they think is a decent price only to find that they have to take a significant loss at the time of sale because they are told the coin is not good for the grade. I can't tell you how many times someone posts a NEWP with a purchase price below wholesale with a photo that shows a very optimistically graded coin. Most of the best coins in my collection were purchased at a significant premium to the price guides and I am not just talking about the rainbow toned coins. </p><p><br /></p><p>Some people on this forum associate anyone who supports the TPG's or CAC as plastic collectors. I guess they just can't fathom that a collector with decent grading skills would still demand the security and liquidity provided by the TPG's and CAC.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1503752, member: 15309"]On the contrary, you are not alone on the mountain. Almost every advanced collector that I have interacted with demands that their coins be certified by either PCGS or NGC and many prefer that high value coins have CAC certification. Chris is the one who is alone on the mountain. He spends up to $10K per month on coins and considers it completely disposable money. He has no intention of selling his coins and is a self proclaimed hoarder. It is nice to be wealthy enough to have a hundreds of thousands of dollars spent on coins that is viewed as a hobby expense but I promise you that is not the norm. The decision to demand TPG certification and prefer CAC certification for coins is born of financial prudence. Anyone who has ever tried to sell a raw coin collection has probably learned this lesson the hard way. However, TPG certification is not enough on it's own. Those "lazy" collectors that don't learn how to grade are indeed plastic collectors. They are destined to purchase the dreck, or as CAC would call them, "C" coins for the grade. Since they don't know any better, they will buy the coin at what they think is a decent price only to find that they have to take a significant loss at the time of sale because they are told the coin is not good for the grade. I can't tell you how many times someone posts a NEWP with a purchase price below wholesale with a photo that shows a very optimistically graded coin. Most of the best coins in my collection were purchased at a significant premium to the price guides and I am not just talking about the rainbow toned coins. Some people on this forum associate anyone who supports the TPG's or CAC as plastic collectors. I guess they just can't fathom that a collector with decent grading skills would still demand the security and liquidity provided by the TPG's and CAC.[/QUOTE]
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