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<p>[QUOTE="Player11, post: 1131211, member: 26725"]IMO CAC may be a sales gimmick financed by some big money people in the business. This enables them to get big markups (just compare their asking prices from their ads to the CDN) on their big ticket material (over $1000) from their wealthy customers. At a recent show over coffee a dealer from NJ set up near me told me he got a few of his nicer US Gold Type coins CAC'ed and was able to move them quicker then normal even after adding 25% to the price bc of the green bean. He said "I would not dare put all my coins in the mail to get them CACed but some of the big ticket stuff I can markup into the stratosphere ya bet." We both agreed CAC was not for coins under $1000. It can be an ego thing for collectors as its like a validation to them they can pick out nice coins. An Indiana dealer told me "Walkup stuff brought to my table, I offer them just a tad over sheet to take it if I think it will CAC then if it comes back with the bean I mark it up at least 50% over bid. Its sorta like the MS / PF 70 craze on mods (laughing)" I found his opinion the most impressive. Example (Same Denom / Date / mint/ both PCGS 65): Would you pay 28,000 for a CAC coin when the non CAC coin was $25,000 wanting peace of mind it had not been doctored? Can't say I would blame you if you did but $3000 is not a bad return on a $10 investment for that seller is it? </p><p> </p><p>I really have no use for CAC myself (but great business concept) and would not pay a premium for a coin just bc it had a green bean. However, with the opinions expressed in the first paragraph, perhaps I may reconsider this. If CAC coins are your thing then enjoy your coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1131211, member: 26725"]IMO CAC may be a sales gimmick financed by some big money people in the business. This enables them to get big markups (just compare their asking prices from their ads to the CDN) on their big ticket material (over $1000) from their wealthy customers. At a recent show over coffee a dealer from NJ set up near me told me he got a few of his nicer US Gold Type coins CAC'ed and was able to move them quicker then normal even after adding 25% to the price bc of the green bean. He said "I would not dare put all my coins in the mail to get them CACed but some of the big ticket stuff I can markup into the stratosphere ya bet." We both agreed CAC was not for coins under $1000. It can be an ego thing for collectors as its like a validation to them they can pick out nice coins. An Indiana dealer told me "Walkup stuff brought to my table, I offer them just a tad over sheet to take it if I think it will CAC then if it comes back with the bean I mark it up at least 50% over bid. Its sorta like the MS / PF 70 craze on mods (laughing)" I found his opinion the most impressive. Example (Same Denom / Date / mint/ both PCGS 65): Would you pay 28,000 for a CAC coin when the non CAC coin was $25,000 wanting peace of mind it had not been doctored? Can't say I would blame you if you did but $3000 is not a bad return on a $10 investment for that seller is it? I really have no use for CAC myself (but great business concept) and would not pay a premium for a coin just bc it had a green bean. However, with the opinions expressed in the first paragraph, perhaps I may reconsider this. If CAC coins are your thing then enjoy your coins.[/QUOTE]
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