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<p>[QUOTE=&quot;GDJMSP, post: 1784744, member: 112&quot;]Your question is a lot more complicated than one might think. There are several possibilities with any given coin in any given grade. The coin can be - </p><p>1 - over-graded, meaning it really deserves the next lower grade</p><p>2 - under-graded, meaning it really deserves the next higher grade</p><p>3- low for the grade, meaning it just barely deserves the grade assigned</p><p>4- good for the grade, meaning it is graded accurately</p><p>5 - high for the grade, meaning it is exceptional for that grade and almost deserves the next grade</p><p>6 - it should never have been graded to begin with because it&#039;s a problem coin</p><p>&nbsp;</p><p>Once a buyer understands that and can recognize one from the other then that buyer should be willing to pay a premium for coins in the 2nd and 5th categories. But what do you base that premium on, and how much of a premium ? The premium should be based on the average price for coins in the 4th category - good for the grade. And coins in the 2nd category should be worthy of a higher premium than coins in the 5th category. That&#039;s common sense. How much more for either ? Well, that&#039;s up to the buyer to decide and that decision should be based on the buyers knowledge of the market. But if you don&#039;t know the market then you&#039;re going to have hard time figuring it out and you might just pay too much.</p><p>&nbsp;</p><p>By the same token coins that fall into the 1st and 3rd categories should be worth less than the base line 4th category. The same reasoning as used above applies here, but in reverse.</p><p>&nbsp;</p><p>Now we have the CAC coins. The coins with a green CAC sticker are those in the 4th &amp; 5th categories. That presents us with a bit of a problem for there is no distinction provided by CAC that separates # 4s from # 5s, and they are definitely not equal to each other, # 5s are worth more, and should be. But not all buyers know and recognize that, so many often end up paying the same premium for both. And quite often the premium they pay because the coin has the sticker is too much, it is often the same price paid for coins in the next higher grade. - all because of that green sticker.</p><p>&nbsp;</p><p>It&#039;s a problem that is very similar to buyers believing that slabbed coins are worth more than equal raw coins. Only here we have slabbed coins vs slabbed coins with stickers. And just as many buyers are not capable of determining on their own that a raw coin is every bit the equal of one in a slab and thus worth the same price, there are also many buyers that are not capable of determining on their own that the slabbed coin with no sticker is every bit the equal of the slabbed coin with the sticker.</p><p>&nbsp;</p><p>And it is that group of buyers, which is unfortunately made up of the majority of all buyers, who are not capable of recognizing any of those 3 coins (the raw coin, the slabbed coin, and the slabbed coin with sticker) that are all 3 equal. So they pay too much of a premium for the slabbed coin with sticker.</p><p>&nbsp;</p><p>So yes there is premium for nicer coins, but typically only educated and knowledgeable buyers will pay that premium, and it makes no difference to them if the coin is raw or in a slab.</p><p>&nbsp;</p><p>And yes there is a premium for CAC coins, but typically those buying the CAC coins have no idea if that coin is in the 4th category or the 5th category. And since it is logical that the number of CAC coins in the 4th category is much larger than the number of those in the 5th category, most of those buyers are paying too much for that green sticker. Meaning the premium they are paying is too big most of the time.</p><p>&nbsp;</p><p>I guess what I am trying to tell you is that not all premiums are equal, nor should they be.[/QUOTE]</p><p><br /></p>

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