Ruben, I see where you are coming from up to a point. I think CAC is almost thought of as an insurance for the "uppercrust" of coins. You can't have insurance without paying a premium and that premium is the higher cost. I'm sure some buyers feel what, "safer" or "protected" when laying out big bucks for coins. I will never have this problem, but sellers will always provide these coins to buyers that want this security. I would also imagine to a certain point the owner of a CAC coin has bragging rights over the owner of the same coin and grade without it. As I type this I have come to the conclusion there are egos also involved here. This hobby can be something else. We go from people collecting their pocket change, to raw, to slabbed, to slabbed by whom, and slabber being certified that the correct grade is given by the slabber. Is there another level remaining we can add?
You betcha ! We can get the UL seal of approval, Good Housekeeping seal of approval, heck I even bet we can get Consumer Reports to sign off on 'em That is, after all, all the TPG's and CAC are - only they do it for coins.
I can't remember the gentleman's name that founded CAC because it is not important enough for me to care. But, I do admire his carving out a niche for himself like this. And either he did an excellent job of marketing or the market forces did his marketing for him. Apparently many must feel there is a need for this. So if you've got deep pockets let some company grade your future coin, let another company evaluate the grade the grading company gave it, and all is left is to write the check. I'm not sure if I see much coin "collecting" taking place in this scenario, just check writing. I think there is a market for coin trading cards. Then start selling "offical" albums to put your coin cards in. HSN says coin collecting is now the number one hobby in the Us.
That is a good point except.... The UL is a non-profit institution, empowered under the law like the USP, which has fiduciary responsibility for any errors they make when designating a produce with a UL trademark. The UL will pay for if your house is burned down due to a fault in their standard or the procedure of testing that standard, not to mention fined and possibly face criminal prosecution. The good housekeeping seal is more similar, .but that is also a scam. But your not paying to have your cereal box sent to Good House Keeping to make sure that the quality of your cereal is greater than the stated guarantees by General Mills. And if you were it would be a bigger scam. Ruben
Consumer reports takes no advertising, refuses to make any endorsements and is a non-profit. A consumer reports investigation into TPGs might be a good idea, but it is not what CAC does. Ruben
I think all the shopping networks on TV should grade their coins themselves and have their own slabs. Send them to CAC, but due to the volume sent they get a reduced price and are passing those savings on to us.
It will be a whole new revenue source for them and we will made to think they are doing to protect us, the consumer public.
If the coin shows graded thier own coins it would be like sgs and none of the coin would ever be stickered. Unless that is, they made stickers for massivly overgraded coins.
they would if they thought that was the direction which would make for them the most amount of money. They probably don't believe that since it would interrupt their ability to create FUD which feeds their market. Ruben
I'd have to ask my kid , I went in his room to look for it and found a new scanner , now I'm mad , he's either going to hook it up to my computer or let me use his when I want to post a coin . But I heard scanners aren't as good as cameras . rzage:kewl:
How do you do it correctly with a scanner? I have always had a ton of trouble photographing coins. I have a pretty nice scanner...if I can do just as good of a job with that it would probably be easier.
