Reply to Thread

Message:: [QUOTE="imrich, post: 3028450, member: 22331"]I'm an authorized CAC submitter. Although I've never discussed the matter with Mr. Albanese, I believe their business model for investment is based on acquiring Quality coins at a "Fair Market" price. Believe me, they are very selective about which coins they accept. I located one of the most experienced professional graders to initially submit my coins to CAC before eventually calling Mr. Albanese for a personal discussion of my "collection". He immediately allowed my direct submissions. I had allowed the grader to select up to 8 coins (based on total shipping value costs) from an assortment of my scarce condition/type/date/grade coins. I then would add one-two coins of my choice, of which the grader normally disagreed. I generally had an equivalent "score" of acceptance, as I believed that CAC was more concerned about quality than scarcity/quantity. This was verified when my lustrous better-date less than Gem $20 coins received a bean rather then nice "key" coins. I believe that you're correct that CAC "beans" coins based on the current grading standards of the TPG. The past is irrelevant, and future unknown, so who would normally use either as a basis for grading? LOL I'm laughing because I still use the illustrated Copyright 1977 OFFICIAL A.N.A. GRADING STANDARDS FOR UNITED STATES COINS as a basis for my selections. It was the verbal "standard" for the first 28 years of my collecting. JMHO[/QUOTE]