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<p>[QUOTE="The_Cave_Troll, post: 329775, member: 1674"]I strongly disagree.</p><p><br /></p><p>CAC has its detractors, but it is starting to take hold and a number of entities are very pleased. </p><p><br /></p><p>In particular it is very good for NGC, since NGC CAC coins sell on par with PCGS CAC coins of the same date and grade, so coins where there is a spread between the 2 services, the CAC sticker eliminates the spread and they trade on an equal basis. That means that the quality of NGC slabbed coins is improving, as all there best work (i.e. their accurately graded coins) will be left in NGC slabs instead of being crossed into PCGS plastic.</p><p><br /></p><p>This is better for dealers too because CAC submissions are cheaper than PCGS submissions, so it saves us money that used to go to PCGS.</p><p><br /></p><p>I guess this is only really bad for PCGS.</p><p><br /></p><p>Anyway, this is an endeavor that has already begun to catch hold in some circles and based on John Albanese's past record involving starting grading services this is going to succeed.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 329775, member: 1674"]I strongly disagree. CAC has its detractors, but it is starting to take hold and a number of entities are very pleased. In particular it is very good for NGC, since NGC CAC coins sell on par with PCGS CAC coins of the same date and grade, so coins where there is a spread between the 2 services, the CAC sticker eliminates the spread and they trade on an equal basis. That means that the quality of NGC slabbed coins is improving, as all there best work (i.e. their accurately graded coins) will be left in NGC slabs instead of being crossed into PCGS plastic. This is better for dealers too because CAC submissions are cheaper than PCGS submissions, so it saves us money that used to go to PCGS. I guess this is only really bad for PCGS. Anyway, this is an endeavor that has already begun to catch hold in some circles and based on John Albanese's past record involving starting grading services this is going to succeed.[/QUOTE]
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