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Grade Inflation or Why is midrange UNC gold all junk?
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<p>[QUOTE="Burton Strauss III, post: 26701852, member: 59677"]I think CACG PO'd a bunch of dealers.</p><p><br /></p><p>These were people who thought they had a good relationship with the stickering operation. Thought they knew what was being looked for. And submitted a bunch of coins early on to cross over and reap the benefits of a "better" grading service.</p><p><br /></p><p>And they got absolutely slaughtered in their first submissions.</p><p><br /></p><p>One dealer took his lumps... took three shows to sell what he could and he wholesaled a bunch of it at a loss. Now he's back submitting only to PCGS. If he can buy it for fair money he will certainly buy a CACG coin and resell it but across his four cases at the shows there's only a tiny handful. 90% is PCGS.</p><p><br /></p><p>What's also interesting (but he won't discuss it) is it used to be 50/50 PCGS/NGC...[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 26701852, member: 59677"]I think CACG PO'd a bunch of dealers. These were people who thought they had a good relationship with the stickering operation. Thought they knew what was being looked for. And submitted a bunch of coins early on to cross over and reap the benefits of a "better" grading service. And they got absolutely slaughtered in their first submissions. One dealer took his lumps... took three shows to sell what he could and he wholesaled a bunch of it at a loss. Now he's back submitting only to PCGS. If he can buy it for fair money he will certainly buy a CACG coin and resell it but across his four cases at the shows there's only a tiny handful. 90% is PCGS. What's also interesting (but he won't discuss it) is it used to be 50/50 PCGS/NGC...[/QUOTE]
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Grade Inflation or Why is midrange UNC gold all junk?
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