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<p>[QUOTE=&quot;USS656, post: 263238, member: 6641&quot;]<span style="color: black"><font face="Arial">“To me, it seems like the place that this would be most used would be on high end coins, like six figure coins offered at major auctions. The individuals buying these coins often are not present, and it is already common practice in the hobby to pay a trusted a small fee to examine the coin and bid on your behalf.”</font></span></p><p>&nbsp;</p><p><span style="color: black"><font face="Arial">I don’t think that the buyers will be paying for this service. I think this is for the sellers or auction house, at least as it was described.</font></span></p><p>&nbsp;</p><p><span style="color: black"><font face="Arial">The way it was described the CAC will: </font></span></p><ul> <li><span style="color: black"><font face="Arial">Put a sticker on the slab to validate the grade </font></span></li> <li><span style="color: black"><font face="Arial">or provide some assessment of what they think the grade is or if it’s even authentic</font></span></li> </ul><p><span style="color: black"><font face="Arial">The sellers or auction house wants the buyers confidence.</font></span></p><p>&nbsp;</p><p><span style="color: black"><font face="Arial">A buyer does not want to pay so that everyone understands the actual grade/value</font></span></p><p>&nbsp;</p><p><font face="Arial">IMO - People spending six figures will have their own representative to validate coins, someone who cannot be influenced and will not have potential conflicting interests. People with this kind of money do not have the same cost concerns that normal people have. I cannot see any way that someone will trust the CAC to bid on their behalf for a coin in the six figures. What would happen if multiple clients were using the CAC for the same auction?</font></p><p>&nbsp;</p><p><font face="Arial">Lets not kid ourselves, CAC is probably an effort to carve out a niche in the high-end TPG market. Call it what you want. As a seller, I would not pay to have my coin graded twice. How the the CAC really verify the grade / authenticity of a coin without removing it from the slab to determine correct weight or make accurate measurements?</font></p><p>&nbsp;</p><p><font face="Arial">If sellers see that the grades are good for PCGS or NGC based on the CAC then why will they continue to use the CAC? That already represents a potential for abuse as the CAC will have to show that these other companies are not grading properly (currently subjective) in a significant enough manner to invalidate them.</font></p><p>&nbsp;</p><p><font face="Arial">Too many issues...</font>[/QUOTE]</p><p><br /></p>

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