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<p>[QUOTE=&quot;NPCoin, post: 627272, member: 5629&quot;]A misconception some have, especially those very new to the industry, is to confuse the use of &quot;TPG&quot; with &quot;grader&quot;.&nbsp; If the grader is worth their salt, they would be fairly consistent in their grading of coins, straight across.&nbsp; As an example in its simplest form, a &quot;TPG&quot; may grade the coin based on a quorum of graders. Not all graders must agree, but simply a majority must agree on an opinion of the coin.</p><p><br /></p><p>Now, the same graders may not always be involved in the same quorum. Because of this fact, coins of the same date, type, and grade may vary quite differently. Not only that, but within the standard itself, coins may have exceptional traits but a major detracting trait such as a large bag mark in a focal area to discount it from being in a higher grade.&nbsp; There are a number of different reasons a coin may receive the same grade, yet be drastically different...especially when it comes to &quot;eye appeal&quot;.</p><p><br /></p><p><br /></p><p>I must agree and disagree at the same time. We must realize that the auction prices have both collector and investor/speculator intrusion.&nbsp; The market is hybrid and thus you will see such a drastic oscillation in many &quot;investment quality&quot; series. In pure investment and speculation, within the same TPG, yes, the coin should be &quot;worth&quot; the same amount if investment resell is the determination of &quot;worth&quot;. If that were not the case, then, in the eyes of investment and speculation, the third party grading and &quot;sight-unseen&quot; market have failed miserably.&nbsp; However, said market is flourishing well.</p><p><br /></p><p><br /></p><p>As a collector, I would pay more for the coin if I desire it in my collection, <b>and</b> I am not able to find a similar coin that has not had its price skewed by sensationalism somewhere else for less.</p><p><br /></p><p>However, as an investor, I most definitely would not pay more for the CAC coin unless it was gold. The reason for this is that CAC is truly within a specific niche to itself. I desire a flourishing portfolio as an investor. I need something stable with a proven track record. If I know I can buy a TPG coin for a nominal price and be able to likely turn it around in the future for a sizable profit, I will do it. But to speculate is not the investor&#039;s game. CAC is a speculator&#039;s tool. As an investor, I will not spend more money to acquire my investment than is needed.</p><p><br /></p><p>Which, as a speculator, that CAC sticker, whether green or gold, is worth money. As a speculator, I will not be holding the coin for long, if at all. It will be a quick grab and unload. If I cannot unload it quickly, then it would be off to the TPG for upgrade consideration. Failing that, it drops quickly out of portfolio at a loss. And the cycle continues.</p><p><br /></p><p><br /></p><p>Depending on the way you read these words, it says, &quot;CAC is useless&quot;.</p><p><br /></p><p><br /></p><p>Your speaking with two tongues here!&nbsp; if the coin is CAC stickered, you are most definitely paying more for the nicer coin, because the speculator, investor, or dealer selling the coin raises the price to cover costs. If the coin was never sent to CAC to begin with, then that higher price would not necessarily be sought by the seller.</p><p><br /></p><p>Sure, a collector will pay more for a nicer coin, but not if they do not <b>have</b> to.[/QUOTE]</p><p><br /></p>

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