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How can they CAC a coin with no eye appeal?
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<p>[QUOTE="SuperDave, post: 2238233, member: 1892"]Imagine how the dealers felt, trying to trade untrustworthy dogs in slabs between them. They do commerce sight-unseen, and not being able to trust the grade on a slab infuriated them. And dealer-dealer sales, if what I've read is correct, exceed retail coin sales. They need to be able to hit the network and find stuff they can trust, on a short turnaround. Or maybe take a 1000-coin position in MS66 Morgans for a big show. Without bagloads of overgraded coins only marginal collectors would buy. The system the TPG's created, which dealers embraced as their chance to truly do accurate business sight unseen - the system that changed the industry - was failing them.</p><p><br /></p><p>Then imagine yourself one of the really big-fish dealers, a man of such entrepreneurial drive that he was not only involved with the founding of PCGS and NGC, but was also NGC's first President, in addition to building a class-leading high-end coin business. You think you're irritated at TPG grading, imagine John Albanese.</p><p><br /></p><p>So he started CAC to fix what his earlier creations had lost.[/QUOTE]</p><p><br /></p>
[QUOTE="SuperDave, post: 2238233, member: 1892"]Imagine how the dealers felt, trying to trade untrustworthy dogs in slabs between them. They do commerce sight-unseen, and not being able to trust the grade on a slab infuriated them. And dealer-dealer sales, if what I've read is correct, exceed retail coin sales. They need to be able to hit the network and find stuff they can trust, on a short turnaround. Or maybe take a 1000-coin position in MS66 Morgans for a big show. Without bagloads of overgraded coins only marginal collectors would buy. The system the TPG's created, which dealers embraced as their chance to truly do accurate business sight unseen - the system that changed the industry - was failing them. Then imagine yourself one of the really big-fish dealers, a man of such entrepreneurial drive that he was not only involved with the founding of PCGS and NGC, but was also NGC's first President, in addition to building a class-leading high-end coin business. You think you're irritated at TPG grading, imagine John Albanese. So he started CAC to fix what his earlier creations had lost.[/QUOTE]
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