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<p>[QUOTE=&quot;SuperDave, post: 2614116, member: 1892&quot;]Call them a &quot;verifyer.&quot; Like I said, they were started by a guy who helped begin the TPG revolution in the first place, so - as a bigtime dealer back then and still now - he could more easily convince his customers to trust his coins, and more easily buy/sell back and forth between dealers. &quot;Sight-unseen&quot; dealing was problematic, since no universal standard existed, despite the ANA grading standards. Everyone interpreted those differently. TPG&#039;s theoretically evened that playing ground, so if John Albanese had a customer who wanted an MS66 St. Gaudens and he didn&#039;t have one, he could call his friend across the continent and have one in a slab shipped, knowing his customer would be OK with it. Nothing worse than getting a whale customer a promised coin that they hate....</p><p><br /></p><p>Except, it got so he couldn&#039;t trust the TPG&#039;s he helped bring about. Enter CAC, who only (theoretically) sticker slabs which meet that &quot;sight unseen&quot; standard. It&#039;s not to make him rich - nobody who sells six-figure coins really wants to waste their time earning $15 evaluation fees - but to make him better able to sell those six-figure coins. And the consortium of dealers which make up CAC make the market for those stickered coins, by willingly and widely buying them at fair prices. </p><p><br /></p><p>When CAC was founded, Albanese expressed the opinion that many issues in many grades had become undervalued due to the preponderance of dogs in inflated slabs dragging the market down. I don&#039;t know if/to what extent that&#039;s true - I don&#039;t swim in those waters - but the way CAC coins play in the market one might be led to think he&#039;s correct. Then again, maybe it&#039;s just people paying for the sticker and not the coin.[/QUOTE]</p><p><br /></p>

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