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<p>[QUOTE=&quot;mrbrklyn, post: 1470570, member: 4381&quot;]Yes - it is an explanation. You have to reread it now until you understand it. ANd no, it is completely different then what the TPGers do. They grade coins. The impact on the market is either up or down, it doesn&#039;t matter. They get PAID to grade coins. CAC gets paid to because they create uncertainty in the TPGs results and benefit from that uncertainty. </p><p><br /></p><p>~~~~~~~~~~~~</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; Yes they do create the uncertainty. And someone can come along and cast doubt on CAC as we have here, and exploit THAT uncertainty and so on, which is why it is called perpetual fear, because there is no bottom to it. Prior to a coin being grade, the consumer is uncertain completely and at the mercy, historically speaking, of the primary sell, in this case the coin dealer. Th deal exploits the uncertainty to funge grading and increase profits. The third party grader evaluates a coin (or a stock or a car) without being directly involved with the transaction thereby ALWAYs decreasing uncertainty. Any affect it has on the market (which has largely been to suppress prices) is inadvertent.</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; CAC reduces the certainty by casting a shadow on the TPGs opinion without giving their own grade. That reduces certainty in the demand part of the market, and drives it&#039;s own profitability based on exploiting that fear. It is pertetual because CAC is does not have primary responsibility for the grade. The are grading and exploiting fear in the graders. then the next party can exploit CAC uncertainty, creating a new market for themselves and so on. The result is a market bubble, not based on coin grade or soundness of a stock, but on the fear of the graders errors, which EVERYONE makes.</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; That drives the market up in costs ONLY becuase CAC has no business model otherwise. It the coin doesn&#039;t become more valuable with the sticker, nobody would do it. It is that simple. All of this is expressly illegal in Stocks.</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; You can&#039;t come out and say that Standard and Poors misgraded a stock or bond! You can make your own analysis and put it in writing. But you can&#039;t say, SP did a bad job judging this stock and the Stock has more value or less value. You can say, based on our assement we think the stock is able to move in the market up or down.</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; Now I know this is not the first time I explained this. You can accept it or not but this is straight up foundation and proven market behaviors. </p><p><br /></p><p>~~~~~~~~~~~~~~~~</p><p><br /></p><p>Click here to enlarge Originally Posted by mrbrklyn Click here to enlarge</p><p>show me ONE CAC coin graded a 63.</p><p>You wanted a CAC coin graded MS63...not a coin graded MS63 by CAC. So, I found coins that had been graded MS63 that CAC had agreed with. Those are CAC coins graded MS63. I gave you several examples of exactly what you asked for. </p><p><br /></p><p>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</p><p>You can grade an item. You can not grade a grade.</p><p><br /></p><p>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</p><p><br /></p><p><br /></p><p>et al.</p><p><br /></p><p>Now - just to jog you memory <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>it is implied here that they don&#039;t give an opinion on the coin.&nbsp; They have an opinion on the grade.[/QUOTE]</p><p><br /></p>

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