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<p>[QUOTE="ToughCOINS, post: 24874160, member: 20480"]Don't ascribe to the pricing nonsense with CAC coins. The paid advertising you see for CAC coins setting record prices at auction are invariably accurate because one is unlikely to make such a claim without the results to point to. It's what is not said that is more important to consider:</p><p><br /></p><ol> <li>That, just like in the stock market, there are winners which outperform and receive all of the attention, and losers which no one talks about. I can't recall anyone telling me stories about stocks for which they paid too much that subsequently lost them money, or about CAC coins doing the same. Do not buy the label . . . buy the coin.</li> <li>According to CAC, their stated mission is to identify and green-sticker coins in the B and A bands for the assigned grade, and to not sticker coins in the C band. I also understand that the same criteria apply to CAC Graded coins. As far as I know, that mission has never changed. <br /> </li> <li>CAC Gold-stickered coins are an entirely different animal. Pricing for such coins is a bit out-of-control. The reason is because CAC Gold-stickered coins in AU58 holders can justifiably hop several grades and bring much higher prices. Naturally, this created quite a following and drove much higher prices for them. The issue is that in other grades, the Gold-stickered coins are not likely to jump more than a single grade, yet the mindset of buyers apparently stuck because ridicuous premiums are often seen attached to Gold-stickered coins which might jump only a little in the next grade or two. </li> </ol><p><br /></p><p>Again, do not buy the label . . . buy the coin.</p><p><br /></p><p>Finally, there are lots of coins which have not been submitted for CAC stickers or CAC grading, so don't feel like a coin you're buying is some sort of misfit. If you spend the time studying grading standards, and learning what quality is, you'll do just fine leaning on your own skills, and not someone else's.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 24874160, member: 20480"]Don't ascribe to the pricing nonsense with CAC coins. The paid advertising you see for CAC coins setting record prices at auction are invariably accurate because one is unlikely to make such a claim without the results to point to. It's what is not said that is more important to consider: [LIST=1] [*]That, just like in the stock market, there are winners which outperform and receive all of the attention, and losers which no one talks about. I can't recall anyone telling me stories about stocks for which they paid too much that subsequently lost them money, or about CAC coins doing the same. Do not buy the label . . . buy the coin. [*]According to CAC, their stated mission is to identify and green-sticker coins in the B and A bands for the assigned grade, and to not sticker coins in the C band. I also understand that the same criteria apply to CAC Graded coins. As far as I know, that mission has never changed. [*]CAC Gold-stickered coins are an entirely different animal. Pricing for such coins is a bit out-of-control. The reason is because CAC Gold-stickered coins in AU58 holders can justifiably hop several grades and bring much higher prices. Naturally, this created quite a following and drove much higher prices for them. The issue is that in other grades, the Gold-stickered coins are not likely to jump more than a single grade, yet the mindset of buyers apparently stuck because ridicuous premiums are often seen attached to Gold-stickered coins which might jump only a little in the next grade or two. [/LIST] Again, do not buy the label . . . buy the coin. Finally, there are lots of coins which have not been submitted for CAC stickers or CAC grading, so don't feel like a coin you're buying is some sort of misfit. If you spend the time studying grading standards, and learning what quality is, you'll do just fine leaning on your own skills, and not someone else's.[/QUOTE]
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