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The NGC Registry Will Recognize CAC coins
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<p>[QUOTE="johnmilton, post: 7557153, member: 101855"]I think that this is NGC's effort to catch up with PCGS. The PCGS-CAC certification has long been "the gold standard" for the CAC minions. The NGC-CAC combination has had little impact on the market.</p><p><br /></p><p>I guess the NGC management thinks that this will boost the demand for the NGC-CAC coins, but it could backfire. With all of the people who think that PCGS is the superior service, with or without the CAC sticker, where does that leave the NGC coins with not CAC sticker? For them it's one step ahead of the "third world" grading services.</p><p><br /></p><p>CAC has WAY TOO MUCH power in the U.S. coin market now. That's why I can't buy expensive U.S. coins any more. As I wrote on the PCGS blog, the U.S. coin market as become like Ayn Rand's "The Fountainhead" with Elllisworth Toohey running the show.</p><p><br /></p><p>For those who have never read the book, here is a short quote from "Cliff's Notes:"</p><p><br /></p><p><i>"Toohey is a power-seeker. In various ways, he attempts to gain control over the lives of other men. At the personal level, he acquires a legion of followers who blindly obey his every command." </i>[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7557153, member: 101855"]I think that this is NGC's effort to catch up with PCGS. The PCGS-CAC certification has long been "the gold standard" for the CAC minions. The NGC-CAC combination has had little impact on the market. I guess the NGC management thinks that this will boost the demand for the NGC-CAC coins, but it could backfire. With all of the people who think that PCGS is the superior service, with or without the CAC sticker, where does that leave the NGC coins with not CAC sticker? For them it's one step ahead of the "third world" grading services. CAC has WAY TOO MUCH power in the U.S. coin market now. That's why I can't buy expensive U.S. coins any more. As I wrote on the PCGS blog, the U.S. coin market as become like Ayn Rand's "The Fountainhead" with Elllisworth Toohey running the show. For those who have never read the book, here is a short quote from "Cliff's Notes:" [I]"Toohey is a power-seeker. In various ways, he attempts to gain control over the lives of other men. At the personal level, he acquires a legion of followers who blindly obey his every command." [/I][/QUOTE]
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The NGC Registry Will Recognize CAC coins
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