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<p>[QUOTE=&quot;Mark Feld, post: 678341, member: 11467&quot;]It&#039;s not because I&#039;m on the inside - in fact, some of what I&#039;m about to state was presented on a coin forum. </p><p><br /></p><p>PCGS and NGC can&#039;t afford to objectively review their own coins the way CAC does, because if they did, they would be bombarded with coins under their grade guarantees. Can you imagine owners of PCGS and NGC coins being told by the very companies that graded them, that many of their coins are over-graded and/or have problems such as doctoring?</p><p><br /></p><p>If CAC makes a mistake by stickering and over-graded coin, they can take it off the market, remove the sticker and sell it as a non CAC coin. They will presumably lose some money on it, based on the difference between a CAC price and a non-CAC price. But in the case of PCGS or NGC admitting the same mistake, they are on the hook for the difference in value between the assigned grade and the lower grade that they admit to. That is often a much larger difference in value/loss to them than what CAC would incur. In addition to that, the universe of PCGS and NGC coins that would present potential liabilities to those two companies is huge compared to the universe of CAC coins that could present potential liabilities to CAC.[/QUOTE]</p><p><br /></p>

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