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<p>[QUOTE=&quot;SuperDave, post: 2733171, member: 1892&quot;]Just understand what CAC actually is - a consortium of high-level dealers and bigtime collectors who have been burned too many times by crap coins in TPG holders. They got so tired of being burned by those slabbed dogs that they started a (non-profitable by their standards) labor-intensive effort to acknowledge the coins which actually deserved the grade assigned. They<b> buy and sell coins for a living,</b> unlike the TPG&#039;s, and all they want is for what they trade to be worth what they ask.</p><p><br /></p><p>The CAC dealers don&#039;t get to live in some theoretical world of &quot;perfect&quot; grading, because they&#039;re betting dinner in the outcome. And they back their word by buying those coins, to the tune of a whole_bunch_of_money.</p><p><br /></p><p>Sure, higher coin prices are in their favor. I personally believe they&#039;re right to an extent because of dilution of grading, and the truly good coins should be worth more than a market where roadkill can make MS65 (from people whose vested interest is in offering high grades so their customers make money on the submission). </p><p><br /></p><p>ANACS doesn&#039;t make the grade simply because the market doesn&#039;t think ANACS makes the grade. If ANACS stuff sold for as much as PCGS and NGC, CAC would handle them. </p><p><br /></p><p>Everybody makes mistakes. I&#039;ve seen mistakes with a Bean (but not many). The difference is, CAC bets their own money on it - they buy and prefer to buy and sell CAC coins. They&#039;re betting their living on it, and backing it with their own cash.</p><p><br /></p><p>Yeah, they&#039;re deliberately moving the market into their favor on this, with a high degree of success. But the question you should be asking yourself is not &quot;why are they doing this?&quot; but &quot;why <b>can</b> they do this?&quot;</p><p><br /></p><p>Answer: because they&#039;re filling a hole that needed filled, before someone breaks an ankle.[/QUOTE]</p><p><br /></p>

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