Certified Acceptance Corporation

I did get some comfort from the CAC website as they put a price on my coin that gets the premium I paid to about 15%. the Ebay-seller has a bunch of coins listed and all are crazy over-priced and zero bids...except for mine of course. I think he's just trolling for sleepy, iPad shopping, TV watching suckers. Oh well!

 

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The part in bold has me curious; the CAC website does not list prices so how did you find a price?

 

I imagine that if you called a dealer who has access to the subscription-based CAC buy prices that they would at least attempt to buy the coins at a small discount to those prices since they know they can move them immediately. It is my understanding that CAC does not offer a bid on all the coins that come through, but that many coins have bids at or above Greysheet. I hope this helped.

 

I personally bet that you didn't overpay for the coin. To me, CAC coins are so often the cream of the crop, and the premiums for them are well warranted. I have colleagues on here that debate the veracity of that, but I really don't care---most CAC coins are very superior in grade, and have wonderful eye appeal.

 

Any more such posts will unleash a storm OK. Move away from such juvenile behavior.

Jim

 

Okay, no problem. I was merely indicating that the topic was causing controversy, and has been a repeated area of debate here. Sorry if I offended anyone.

 

Okay, here is a really pretty Morgan, CAC common date. It is asking $350 OBO. Is that out of line in relation to what a MS 65 1881s would normally cost? Perhaps, but look at the coin--it is "superior in grade" and "high in eye appeal?" I picked this at random from E-bay--it isn't one of my coins, but wanted to illustrate a point.

 

Excellent commentary Tom. Keep that up and some day you might even get me converted to accepting slabs and beans.