Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
My First CAC Certified Coin (Morgan $)
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 2888040, member: 5233"]It's simply a matter of removing some of the subjectivity from the coin for the buyer (read - removing much of the "skill" required in purchasing high quality pieces). If a given coin grades MS65 with PCGS...that means they believe that it's MS65. That being said, there's a significant amount of wiggle room within that grade. There are high end MS65 coins and low end MS65 coins and everything in between. CAC attempts to distinguish the quality. A coin that receives a green bean sticker is at least a solid for its grade...not low end. This is what justifies the higher greysheet price.</p><p><br /></p><p>These coins always carried a higher price before CAC came along, the dealer would recognize the higher quality and price accordingly. The problem was, you needed an educated buyer to come along and see that too and agree with the higher price tag. CAC takes that education factor out of it. It gives less educated buyers a tangible reason why one coin is more expensive than the other. It makes the coin easier to sell. Often that is worth the extra fee in getting the sticker for the seller.</p><p><br /></p><p>Not saying this is a good thing...but that's how it is.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 2888040, member: 5233"]It's simply a matter of removing some of the subjectivity from the coin for the buyer (read - removing much of the "skill" required in purchasing high quality pieces). If a given coin grades MS65 with PCGS...that means they believe that it's MS65. That being said, there's a significant amount of wiggle room within that grade. There are high end MS65 coins and low end MS65 coins and everything in between. CAC attempts to distinguish the quality. A coin that receives a green bean sticker is at least a solid for its grade...not low end. This is what justifies the higher greysheet price. These coins always carried a higher price before CAC came along, the dealer would recognize the higher quality and price accordingly. The problem was, you needed an educated buyer to come along and see that too and agree with the higher price tag. CAC takes that education factor out of it. It gives less educated buyers a tangible reason why one coin is more expensive than the other. It makes the coin easier to sell. Often that is worth the extra fee in getting the sticker for the seller. Not saying this is a good thing...but that's how it is.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
My First CAC Certified Coin (Morgan $)
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...