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<p>[QUOTE=&quot;Analyst, post: 2441922, member: 29854&quot;]<i>Mainebill: &lt;&lt;Because I&#039;m sure they&#039;re making money in the long run.&gt;&gt;</i></p><p><br /></p><p>CAC is profitable in the short run, too. There are occasional losses on a specific coins. There have not been annual losses.</p><p><br /></p><p><i>Mainebill: &lt;&lt;I bet they turn a profit. Tho not a big one.&gt;&gt;</i></p><p><br /></p><p>As a percentage of revenues, CAC profits are not large. In absolute terms, such profits would be thought of as &#039;a lot of money&#039; by most people, including by most coin dealers.</p><p><br /></p><p>Since CAC was founded in 2007, CAC has sold more than $400 million worth of coins, perhaps much more. Admittedly, I do not precisely recollect recent data at the moment. In the past, I had clear permission from JA to cite such data in my published articles.</p><p><br /></p><p><i>Mainebill: &lt;&lt;Tho that being said there&#039;s a LOT of nice coins that for one reason or another do not have a cac sticker. I just sold some freshly graded beauties that didn&#039;t have a sticker and most would have easily. They just never went &gt;&gt;</i></p><p><br /></p><p>I like Mainebill&#039;s informational points and perspectives.</p><p><br /></p><p>PCGS was founded in 1986; NGC was founded by JA in 1987; and CAC was founded by JA in 2007. So, of course, there are expensive coins that were certified in the past but have never been to CAC. Moreover, for inexpensive coins below a certain threshold, it might not be cost effective to send them to CAC. Would it make sense to send a PCGS or NGC &quot;MS-63&quot; 1881-S Morgan to CAC? Also, if most of the coins in an auction consignment from a collector would be likely to fail at CAC, the auction firm may not send any of them because bidders might wonder what is wrong with the coins without stickers and may not be excited about the whole collection that was consigned.</p><p><br /></p><p><b><a href="http://www.coinweek.com/education/coin-grading/how-will-coin-collectors-interpret-certified-coin-grades-in-the-future/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/education/coin-grading/how-will-coin-collectors-interpret-certified-coin-grades-in-the-future/" rel="nofollow">Please Click: How will Coin Collectors Interpret Certified Coin Grades in the Future?</a></b>[/QUOTE]</p><p><br /></p>

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