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<p>[QUOTE="Vess1, post: 469816, member: 13650"]So NGC grades a coin as a MS-64. It's now worth 500 bucks. Regardless of CAC. They haven't seen it yet. </p><p><br /></p><p>It gets submitted to them. They agree that this coin that has already been bought and sold at 500 several times is at least a B grade MS-64. They affix their approval for a small, one time fee. The coin now gets sold 10 times at 525.00. The extra 250.00 that the coin brings over 10 separate sales does not funnel back to CAC. </p><p> Eventually, maybe the market goes down for that coin. Now people are only willing to pay 400.00 for it. So what does it really matter? The market changed and now you can get it for 125 less than you would have paid at another time?</p><p><br /></p><p> The one time fee is paying for their time to verify a grade. This is a service. </p><p><br /></p><p> Thus, not a pyramid scheme in any aspect. In your mind it's a scam. If you really do think it's such a bad scam, you should call the authorities. Alert the FBI and have them look into it. Since it's a true scam like you say. Give them all your valid points.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 469816, member: 13650"]So NGC grades a coin as a MS-64. It's now worth 500 bucks. Regardless of CAC. They haven't seen it yet. It gets submitted to them. They agree that this coin that has already been bought and sold at 500 several times is at least a B grade MS-64. They affix their approval for a small, one time fee. The coin now gets sold 10 times at 525.00. The extra 250.00 that the coin brings over 10 separate sales does not funnel back to CAC. Eventually, maybe the market goes down for that coin. Now people are only willing to pay 400.00 for it. So what does it really matter? The market changed and now you can get it for 125 less than you would have paid at another time? The one time fee is paying for their time to verify a grade. This is a service. Thus, not a pyramid scheme in any aspect. In your mind it's a scam. If you really do think it's such a bad scam, you should call the authorities. Alert the FBI and have them look into it. Since it's a true scam like you say. Give them all your valid points.[/QUOTE]
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