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What is CAC Actually Saying with the Award of a Bean?
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<p>[QUOTE="medoraman, post: 4771465, member: 26302"]But what is CAC doing to the market by not releasing this information? I would say the owner of every coin without a CAC sticker on the slab has lost money versus what is would have been worth if there was not any CAC. Its ok for all collectors to lose money, but heaven forbid don't make a TPG or CAC lose any?</p><p><br /></p><p>This is why such labeling is nefarious, planned or not. Consumers always react to this. This exact topic is the subject of my PhD dissertation I am writing right now. Whether they meant to or not, how CAC operates costs all collectors who have non-CAC slabs money due to consumer preference tendencies regarding such labeling. CAC labeling will generate extra money for those selling CAC slabs, but hobby money is not infinite, so definitionally non-CAC slab owners LOSE money. If you like I will give you 30 citations of major papers on the subject.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4771465, member: 26302"]But what is CAC doing to the market by not releasing this information? I would say the owner of every coin without a CAC sticker on the slab has lost money versus what is would have been worth if there was not any CAC. Its ok for all collectors to lose money, but heaven forbid don't make a TPG or CAC lose any? This is why such labeling is nefarious, planned or not. Consumers always react to this. This exact topic is the subject of my PhD dissertation I am writing right now. Whether they meant to or not, how CAC operates costs all collectors who have non-CAC slabs money due to consumer preference tendencies regarding such labeling. CAC labeling will generate extra money for those selling CAC slabs, but hobby money is not infinite, so definitionally non-CAC slab owners LOSE money. If you like I will give you 30 citations of major papers on the subject.[/QUOTE]
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