Why doesn't CAC make its own grading service

Perhaps you should read up on CAC and how they put their money where their mouth is, sir.

 

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Ahem, that's "Adhesive hydration specialist"

 

You will go far in life.

 

sort of like how theres only like 2 food companies that, half the time, end up making their own competition...

 

I was not knocking them. I think you misunderstood my statement. What I was referring to was the guarantee of authenticity and grade. It's already been discussed that they will purchase any coin they put a sticker on. That is not what I was referring to.

 

Sometimes i spell it one way, somtimes I spell it the other way. And because I'm using an lg tablet and I have big hands. You're lucky I don't type like some of the girls I know lol, or laugh out loud, or lots of laughs, or whatever

 

First, JA was ONE OF the founders of PCGS. I doubt he had any plans at all to start NGC; however, differences inside the company lead JA to head back to NJ and start NGC. Mark Salzberg was a PCGS grader. He joined NGC and eventually took the major stake.

BTW, there is a lot of "connectivity" in the business with regards to shareholders in different organizations.

 

This had NOTHING TO DO WITH A MONOPOLY!

ANACS was a "monopoly" until other authentication services joined in the fun. The ANACS director was pleased to have this happen as he believed people were entitled to another independent opinion about their coins.

Actually the "Feds" were pleased to have ANACS around when it was the only game in town as it cut down the workload of counterfeit testing at the Mint Lab in DC.

 

I didn't mean to imply you were, and perhaps I did misunderstand, but what you said, as written, was questionable. CAC, for the lack of a better term, indeed does "guarantee" their "grade" (opinion) and does so to an equal or even greater extent than the TPGs. Ask PCGS if they'll buy any dog residing in their holder. As for guaranteeing authenticity, if a counterfeit happened to pass either NGC or PCGS, made it to CAC, and was passed, there's absolutely no doubt in my mind that they'd do what was necessary and without the slightest hesitation. The fact is that in this respect CAC, regardless of of you're a fan or not, takes every bit (and then some) the financial responsibility the TPGs do.

It's been a while since I've read this, but approximately 40% down the page Mr. Albanese addresses their buy back policy. A guarantee by any other name is still a guarantee.

http://www.caccoin.com/cac-in-the-news/an-interview-with-john-albanese-by-maurice-rosen/

 

Did someone come up with that name so applicants wouldn't feel so bad to learn that the glue typically used for stamps and envelopes contained a high amount of roach and rat feces?

Chris

 

Yes, that and they can give their mom a fancy business card.

 

You know I had too

 

I believe we are both on the same page, we may not know exactly where on the page we both are, but we are there. I appreciate CAC and love the service they provide. What you said about PCGS and NGC not buying any dog residing in their holders is true. So is that fact that CAC will not buy any of those dogs either, they simply would not put a sticker on it. Seeing that they will only stand behind coins that they sticker eliminates all the dogs. Now occasionally they may sticker a dog, and as John mentioned, if that dog is presented to them, they will buy it, remove the sticker and sell it at a loss. I'm confident that if a counterfeit coin was presented to them, they may take it off the market and hand it over to either PCGS or NGC to honor their guarantee, but CAC is not taking on the responsibility of the coin being in a holder to begin with.

 

Now, who is going to sticker the sticker/

Hey a gold re-sticker.

 

Who do you think - it will cost $10 and you will probably never see a coin with one of these on it.

 

I don,t think I will ever need a third party to tell me the second party did honest work for me, the party of the first party. Maybe I should start a forth party business to judge the party of the third party. Well maybe I should just grade my own stuff as I see fit, and throw a party when I,m done.

 

I saw them on Ebay like 10 for $30.00 (plus shipping...)

 

And one is traded on the Nasdaq...CLCT...so you don't have to buy the coin or the slab...just buy the stock.

 

which btw, has under performed the S&P500 by 62% over past 5 years.

 

An interesting statement. Question is, would you pay extra for a coin that was of CAC quality that you liked - a coin that would likely have better re-sale or collector value because it's a nice coin? When I pay a little more for a CAC coin, or one that I think is of CAC quality - it's because I like it and I appreciate some characteristic that is often related to why it is or may be stickered - e.g., original surfaces, good for the grade, etc. It seems like coins with stickers, with some exceptions, are among the better coins in their grade. What's the objection to paying a little more for that - stickered or not?