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Does CAC hurt prices of non stickered coins?
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<p>[QUOTE="eddiespin, post: 1506292, member: 4920"]Well, Paul, first of all, anybody "buying high value conditionally rare coins in a diversified group to help ensure growth" isn't "investing-collecting," they're investing. As they're investing, I'll make an exception, they shouldn't be committed. People invest in stocks. If they were deceiving themselves into thinking they were collecting, then they should be committed. People don't collect stocks.</p><p><br /></p><p>On your question, what do you think we did before "market grading" and the TPGs and CAC dropped in on us like out of the clear blue sky? The only coins around, then, were "raw." I wouldn't advise that, today, however, no way. We knew what we were doing, then. We knew how to condition-grade the coins, and, for two reasons, principally. One, so we wouldn't get "burned" when we bought or sold. The other, because we understood that was the reason we were in the hobby, in the first place, i.e., to admire the conditions of the coins. If we didn't know how to condition-grade the coins, how were we supposed to do that? Knowing the former is of course integral to doing the latter.</p><p><br /></p><p><br /></p><p>Yeah, well, you make a compelling case. It goes back to what I said, earlier, on that indicia of marketability thing. When the market is the Internet, you want to buy under a trusted label. Chalk one up for the evil empire, there.[/QUOTE]</p><p><br /></p>
[QUOTE="eddiespin, post: 1506292, member: 4920"]Well, Paul, first of all, anybody "buying high value conditionally rare coins in a diversified group to help ensure growth" isn't "investing-collecting," they're investing. As they're investing, I'll make an exception, they shouldn't be committed. People invest in stocks. If they were deceiving themselves into thinking they were collecting, then they should be committed. People don't collect stocks. On your question, what do you think we did before "market grading" and the TPGs and CAC dropped in on us like out of the clear blue sky? The only coins around, then, were "raw." I wouldn't advise that, today, however, no way. We knew what we were doing, then. We knew how to condition-grade the coins, and, for two reasons, principally. One, so we wouldn't get "burned" when we bought or sold. The other, because we understood that was the reason we were in the hobby, in the first place, i.e., to admire the conditions of the coins. If we didn't know how to condition-grade the coins, how were we supposed to do that? Knowing the former is of course integral to doing the latter. Yeah, well, you make a compelling case. It goes back to what I said, earlier, on that indicia of marketability thing. When the market is the Internet, you want to buy under a trusted label. Chalk one up for the evil empire, there.[/QUOTE]
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