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<p>[QUOTE=&quot;physics-fan3.14, post: 2111339, member: 19165&quot;]It doesn&#039;t necessarily mean they overgrade coins. CAC also rejects coins with surface problems, dipped coins, ugly coins, or coins they just don&#039;t like. These coins may all be perfectly acceptable in the market at the grade on the slab, they just don&#039;t meet CAC&#039;s highly variable and unknown standard (that is, &quot;If JA likes it, he puts a sticker on it,&quot; to paraphrase Beyonce). </p><p><br /></p><p>I&#039;m also kind of surprised by the 40% ratio. Admittedly, I have not and probably will not submit anything to CAC. But I would assume that those who do would pre-screen their coins. This suggests three things to me: </p><p><br /></p><p>1. People are overconfident in their coins. Ownership bias is real. </p><p><br /></p><p>2. People are uneducated about their coins. They don&#039;t see the problems on the coins, and they don&#039;t know how to grade. </p><p><br /></p><p>3. People don&#039;t know what JA is looking for. With the number of years and the number of coins out there, I would think this would be a little more clear, but its still a crapshoot.[/QUOTE]</p><p><br /></p>

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