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<p>[QUOTE="Player11, post: 1131659, member: 26725"]Yes it sure seems that way. Many of them seem to be reaching for pie in the sky. If they are able to find bidders / buyers someone is making a killing. These guys really don't have to be crackout artists any more - just pick out a nice coin off the bourse, get it CACed for $10, then ramp up your markup. Many sellers of this material mine data from the CAC website (selling the service) and incorporate it into their ads, etc. in selling the coin.</p><p> </p><p>A guy in my coin club who sets up about once a month told me "As much as I despise CAC and especially some of its principals, I love pimping them out to sell my CAC coins I have a big markup on."</p><p> </p><p>While I would want to recover my costs of CAC for a coin I really have no interest in trying to get a huge premium on them as I like to move my material quickly not be waiting to hose the end user. I price the coin based on its own merits and where it falls in the grade range (my opinion of it) irregardless of some sticker. Also, I have repeat customers so building a good relationship and providing a decent deal is important.</p><p> </p><p>I just hope the CAC situation does not create a situation like when common MS 65 Morgans went for $1000. So many of those people who got hosed then never really came back to numismatics.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1131659, member: 26725"]Yes it sure seems that way. Many of them seem to be reaching for pie in the sky. If they are able to find bidders / buyers someone is making a killing. These guys really don't have to be crackout artists any more - just pick out a nice coin off the bourse, get it CACed for $10, then ramp up your markup. Many sellers of this material mine data from the CAC website (selling the service) and incorporate it into their ads, etc. in selling the coin. A guy in my coin club who sets up about once a month told me "As much as I despise CAC and especially some of its principals, I love pimping them out to sell my CAC coins I have a big markup on." While I would want to recover my costs of CAC for a coin I really have no interest in trying to get a huge premium on them as I like to move my material quickly not be waiting to hose the end user. I price the coin based on its own merits and where it falls in the grade range (my opinion of it) irregardless of some sticker. Also, I have repeat customers so building a good relationship and providing a decent deal is important. I just hope the CAC situation does not create a situation like when common MS 65 Morgans went for $1000. So many of those people who got hosed then never really came back to numismatics.[/QUOTE]
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