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<p>[QUOTE=&quot;calcol, post: 2457023, member: 77639&quot;]Of course CAC grades coins!&nbsp; They look at a slabbed coin and decide if it meets the grade on the slab.&nbsp; Then they go a step further and decide whether it&#039;s in the upper echelon of the grade. So not only are they grading, but their measuring stick has twice as many notches as those of the primary grading services.</p><p><br /></p><p>If they are going to buy an un-stickered coin, but only if they know it will sticker, then they have gone through the process above, i.e. graded the coin.&nbsp; Un-stickered slabs that will receive a sticker don&#039;t come with a green halo around them. Someone at some point had to evaluate the coin to make the go/no-go decision on a sticker.&nbsp; This scenario does not remove the possibility of bias in grading company-owned (or about-to-own) coins versus coins submitted for grading by outsiders.</p><p><br /></p><p>It would be like Moody&#039;s deciding to establish a trading section within their rating department, but saying it&#039;s OK because they&#039;ll only purchase unrated bonds that they know will receive a AAA.&nbsp; After SEC officials stopped rolling on the floor, they would try to decide how many millions the fine would be.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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