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<p>[QUOTE=&quot;Tom B, post: 1490689, member: 11854&quot;]<font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><span style="color: #222222">This is a fascinating topic and it is brought up on the various coin boards with pretty decent frequency. As a disclaimer, I like the idea of CAC, though I don&#039;t think it is needed for an enormous pool of coins, and I have done some work with John Albanese (JA; founder of CAC). However, if you think you can get an honest answer out of me (you can) then you may either learn something or look at a topic from a different perspective.</span></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><span style="color: #222222"><br /></span></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><span style="color: #222222"><br /></span></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><font face="Calibri"><span style="color: #000000">I&#039;ve written similar statements to what I am about to write on multiple occasions within the forum, but will repeat again my thoughts on the issue. CAC is a <i>tool </i> that is available to all and, as such, it is quite similar to knowing how to use a loupe; having the knowledge to spot counterfeit pieces; understanding what manipulated and original coinage should look like or how they will likely appear; being able to interpret printed guide prices and auction results; understanding how to grade according to the ANA standards and how this grading differs from the various TPG grading standards; and learning all the options for buying and selling within the market. </span></font><font face="Calibri"><span style="color: #000000">Sadly, the vast majority of collectors ignore their study of coinage and thus are not truly numismatists. However, some folks pursue this knowledge and will happily listen to other opinions, regardless of whether or not they agree with those opinions. CAC can help all, but will help those who are willing to accept their help the most.</span></font></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><font face="Calibri"><span style="color: #000000"><br /></span></font></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><font face="Calibri"><span style="color: #000000">The question of if CAC has value is inherently different from the question about if a coin that has a CAC sticker should cost more than a similar coin without the sticker.&nbsp; In my own business, I have a large percentage of clients who prefer the coins to have CAC stickers, though they are not required.&nbsp; In no instance have I charged <i>more </i> for a coin with a CAC sticker, but I can attest that those coins <i>with </i> CAC stickers on their slabs are, on average, more <i>liquid. </i>&nbsp; The liquidity of CAC evaluated coins is an advantage for me since it allows me to have my inventory change faster than otherwise might happen.&nbsp; This is especially important with thin margins.</span></font></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><font face="Calibri"><span style="color: #000000"><br /></span></font></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"><font size="2"><font face="Calibri"><span style="color: #000000">One last thing to keep in mind is that CAC is not simply telling someone that they believe the coin is solid for the grade.&nbsp; They also make a market in those coins that are stickered and will, at times, offer bid prices for those coins.&nbsp; Additionally, methods of surface alteration that were not recognized years ago and that allowed boinked coins to make it into legitimate holders can now at times be recognized and these coins generally fail the CAC process.&nbsp; All these factors add value to the hobby-industry even if they do not add value to individual coins on a coin-by-coin basis.</span></font></font></span></font></font></p><p><font face="Calibri"><font size="3"><span style="color: #000000"></span></font></font>[/QUOTE]</p><p><br /></p>

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