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<p>[QUOTE=&quot;Publius2, post: 4770598, member: 105571&quot;]Many of us enjoy playing the &quot;To CAC or Not to CAC&quot;&nbsp; game thread.&nbsp; It is fun and educational.&nbsp; We all know that CAC awards a green bean for a coin that they agree is an A or B coin for the TPG assigned grade. CAC also says that they do not grade coins, <i>per se</i>.&nbsp; All good to this point.</p><p><br /></p><p>We also all know that the TPGs indulge in market grading where the assigned grade is not a technical grade but rather a grade the reflects what the TPG thinks the coin should bring in the market.&nbsp; The classic example of this is the so-called AU-62 coin.</p><p><br /></p><p>So, let&#039;s posit that CAC receives a graded MS-62 coin that we all agree is actually a high-end AU that deserves a better price than the typical AU.&nbsp; What is CAC doing with this coin?&nbsp; Are there any other options than:</p><p><br /></p><p>1)&nbsp; Refuse to consider it at all because the coin is not accurately technically graded?</p><p>&nbsp;&nbsp; &nbsp;&nbsp; Under this option, it would seem that CAC is violating its public statements that it&nbsp; &nbsp; &nbsp; &nbsp; is not grading coins. </p><p>2)&nbsp; Consider it, but always give it a C and thus never award a bean?</p><p>&nbsp;&nbsp; &nbsp;&nbsp; Ditto comment under Option 1</p><p>3)&nbsp; Consider it like it would any other coin that is not grossly market-graded?</p><p>&nbsp;&nbsp; &nbsp; Under this option, CAC&#039;s business proposition is no different than that of the TPGs.&nbsp; &nbsp; &nbsp;&nbsp; CAC is certifying that the coin is accurately <b><u>MARKET-GRADED</u></b>.&nbsp; In effect, they&#039;re&nbsp; &nbsp; &nbsp;&nbsp; agreeing with the TPGs estimate of the value of the coin.</p><p><br /></p><p>I tend to gravitate toward Option 3 as being the only viable interpretation.&nbsp; Are there others and what is your opinion?</p><p><br /></p><p>If this is so obvious that a caveman would get it, then just call me a simpleton and I&#039;ll go back to my cave in the woods.[/QUOTE]</p><p><br /></p>

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