Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
US Coin Market Stagnant
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 3860895, member: 73489"]I am not an expert. I respect the experts. We have some vets here who have been doing this for decades, like GDJMSP, who I respect immensely and I've learned alot from them.</p><p><br /></p><p><b><i><span style="color: #b30000">And yet....when we have a "GTG" contest or thread or segment, many of the vets are off by 1-3 numerical grades and sometimes not even sure if a coin is MS or AU or even EF.</span></i></b></p><p><br /></p><p>Maybe if I had a coin that was high for the grade -- like those MS-66 1923-D Saints I highlighted in another thread here at CT (where the price varied almost 75% within the 66 grade !!<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" />) -- somebody like GDJMSP would agree with me on the grade and we'd have no problem agreeing on a grade and a price. But it's far more likely somebody else would say it's a plain-old 66 and maybe give me an extra 10%.</p><p><br /></p><p>As I said, check out the 1923-D Saints posts I did a few weeks back. Highly unlikely, unless it was 2 experts who saw things the same way, that you'd have agreement on the coins.</p><p><br /></p><p>I don't doubt it...but a CAC sticker to me CONFIRMS the underlying PCGS or NGC grade, that is all. It's a double-check to me.</p><p><br /></p><p>Maybe....OTOH everybody is sending in to CAC in the hopes that they will be able to justify a higher price if/when they sell, and they may have not been able to justify a "crack out" from the TPGs. CAC submission and grading is cheaper and if it fails, no harm no foul to the slab.</p><p><br /></p><p>Interesting theory, and it might pan out. OTOH, the "alleged" (?) (!) easing of TPG standards occured during the pre-Internet era when something like that today is much tougher to justify.</p><p><br /></p><p><u>CAC is confirming an EXISTING grade, which allows for much less leeway than a raw submission where there is greater leeway to establish the initial grade. If historically CAC gives a sticker to 15-20% of submissions, I think if in a few years suddenly they are giving out 50% that would set off alarm bells and not go unnoticed. If the value of a CAC sticker went down because everybody was getting one, the business model and professional repuration of the CAC folks would go down the tubes (I presume both mean something to JC).</u></p><p><br /></p><p>I think the CAC situation is somewhat related -- tangential, if that -- to the stagnating market so I think these posts have not been in vain. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3860895, member: 73489"]I am not an expert. I respect the experts. We have some vets here who have been doing this for decades, like GDJMSP, who I respect immensely and I've learned alot from them. [B][I][COLOR=#b30000]And yet....when we have a "GTG" contest or thread or segment, many of the vets are off by 1-3 numerical grades and sometimes not even sure if a coin is MS or AU or even EF.[/COLOR][/I][/B] Maybe if I had a coin that was high for the grade -- like those MS-66 1923-D Saints I highlighted in another thread here at CT (where the price varied almost 75% within the 66 grade !!:wideyed:) -- somebody like GDJMSP would agree with me on the grade and we'd have no problem agreeing on a grade and a price. But it's far more likely somebody else would say it's a plain-old 66 and maybe give me an extra 10%. As I said, check out the 1923-D Saints posts I did a few weeks back. Highly unlikely, unless it was 2 experts who saw things the same way, that you'd have agreement on the coins. I don't doubt it...but a CAC sticker to me CONFIRMS the underlying PCGS or NGC grade, that is all. It's a double-check to me. Maybe....OTOH everybody is sending in to CAC in the hopes that they will be able to justify a higher price if/when they sell, and they may have not been able to justify a "crack out" from the TPGs. CAC submission and grading is cheaper and if it fails, no harm no foul to the slab. Interesting theory, and it might pan out. OTOH, the "alleged" (?) (!) easing of TPG standards occured during the pre-Internet era when something like that today is much tougher to justify. [U]CAC is confirming an EXISTING grade, which allows for much less leeway than a raw submission where there is greater leeway to establish the initial grade. If historically CAC gives a sticker to 15-20% of submissions, I think if in a few years suddenly they are giving out 50% that would set off alarm bells and not go unnoticed. If the value of a CAC sticker went down because everybody was getting one, the business model and professional repuration of the CAC folks would go down the tubes (I presume both mean something to JC).[/U] I think the CAC situation is somewhat related -- tangential, if that -- to the stagnating market so I think these posts have not been in vain. :D[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
US Coin Market Stagnant
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...