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<p>[QUOTE="Lehigh96, post: 405836, member: 15309"]NPCoin,</p><p><br /></p><p>Your post is very prophetic, but I doubt that the CAC will cause the complete collapse of the numismatic market. I don't think that the CAC has an ulterior motive. I think John Albanese sincerely wants to create a sight unseen market and wants to be compensated for creating it. It appears that most collectors/dealers have allowed their own cynicism to convince them that the CAC is simply a scam perpetrated with only one purpose in mind, to take their money. With this closed minded approach, the CAC will most likely not survive.</p><p><br /></p><p>I personally have already benefited by the creation of the CAC. Shortly after the CAC's inception, I bid on a 1942-P NGC PF66 CAMEO Jefferson War Nickel in a Heritage signature sale. If you are not aware, CAMEO proofs from 1936-1942 are exceedingly rare for all denominations and the 1942-P Jefferson Nickel is no exception. There are currently only 9 such graded examples in existence in all grades. However, the price difference between the CAMEO and non-cameo coin is over $2,000. That meant if NGC mistakenly awarded the coin a CAMEO designation, the buyer of the coin was basically SOL. Furthermore, the photo provided by Heritage was terrible and called the CAMEO designation into question. If this coin did not have a CAC sticker, I would not have been able to even place a bid on a coin that I have wanted for years. Since the coin had the CAC sticker, I felt comfortable enough to endure the risk and place a strong bid. I ended up winning the lot and upon receipt, discovered that the CAMEO designation was well deserved and that Heritage's photo was basically garbage. In this case, the CAC did what it was designed to do. It created the ability for the consumer (me) to buy a coin sight unseen.</p><p><br /></p><p>With regards to your fear of counterfeit CAC stickers, the CAC provides and online database that you can check to see if the coin actually has been stickered. It is very easy to use, all you need is the certification # on the TPG slab.</p><p><br /></p><p>I have now divulged my personal reason for supporting the CAC. What I would like to hear from the opponents of the CAC is a specific case in which the CAC had a negative impact on their numismatic collecting experience, rather than broad philosophical objections.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 405836, member: 15309"]NPCoin, Your post is very prophetic, but I doubt that the CAC will cause the complete collapse of the numismatic market. I don't think that the CAC has an ulterior motive. I think John Albanese sincerely wants to create a sight unseen market and wants to be compensated for creating it. It appears that most collectors/dealers have allowed their own cynicism to convince them that the CAC is simply a scam perpetrated with only one purpose in mind, to take their money. With this closed minded approach, the CAC will most likely not survive. I personally have already benefited by the creation of the CAC. Shortly after the CAC's inception, I bid on a 1942-P NGC PF66 CAMEO Jefferson War Nickel in a Heritage signature sale. If you are not aware, CAMEO proofs from 1936-1942 are exceedingly rare for all denominations and the 1942-P Jefferson Nickel is no exception. There are currently only 9 such graded examples in existence in all grades. However, the price difference between the CAMEO and non-cameo coin is over $2,000. That meant if NGC mistakenly awarded the coin a CAMEO designation, the buyer of the coin was basically SOL. Furthermore, the photo provided by Heritage was terrible and called the CAMEO designation into question. If this coin did not have a CAC sticker, I would not have been able to even place a bid on a coin that I have wanted for years. Since the coin had the CAC sticker, I felt comfortable enough to endure the risk and place a strong bid. I ended up winning the lot and upon receipt, discovered that the CAMEO designation was well deserved and that Heritage's photo was basically garbage. In this case, the CAC did what it was designed to do. It created the ability for the consumer (me) to buy a coin sight unseen. With regards to your fear of counterfeit CAC stickers, the CAC provides and online database that you can check to see if the coin actually has been stickered. It is very easy to use, all you need is the certification # on the TPG slab. I have now divulged my personal reason for supporting the CAC. What I would like to hear from the opponents of the CAC is a specific case in which the CAC had a negative impact on their numismatic collecting experience, rather than broad philosophical objections.[/QUOTE]
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