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<p>[QUOTE=&quot;jtlee321, post: 2496879, member: 73983&quot;]Are you trying to create an argument?&nbsp; The link you gave on page 2 lists this direct quote from John in the interview, I&#039;m showing the question so others can understand the context.</p><p><br /></p><p><i>&quot;<b>MR:</b> Besides the “A,” “B,” and “C” coins, we’ve seen what I describe as “D” and “F” coins, mistakes and horrible mistakes which lead us to wonder “What were they smoking when they holdered that coin.” I ask you, how did those coins get holdered in the first place?</i></p><p><i><br /></i></p><p><i><b>JA:</b> I wish I knew. I’ve already taken about 15 CAC labeled coins off the market that made me wonder how this happens. I think it’s just that graders are human. Try as we all do we’re not perfect. Clearly, you want to keep that to a minimum. We offer a buy-back guarantee. If I agree that the coin shouldn’t be labeled, I take it off the market, remove the label and sell it for a loss.&quot;</i></p><p><br /></p><p>That is exactly what I said in my post.&nbsp; As far as the guarantee you talk about, it&#039;s not sight-unseen.&nbsp; They will buy any coin that <b>ALREADY</b> has a CAC sticker sight-unseen.&nbsp; But believe me, if it has a sticker, they have seen the coin.&nbsp; So it&#039;s not truly sight-unseen.</p><p><br /></p><p><br /></p><p><br /></p><p>Did you actually read what I typed?&nbsp; I said: <i>&quot;I&#039;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.&quot;</i>&nbsp; What I meant and implied was that CAC will take the coin off the market.&nbsp; They will then pass the responsibility on the TPG that graded it in the first place.&nbsp; There is no business incentive for them to eat a mistake by a TPG when those TPG&#039;s offer their own guarantee on authenticity.</p><p><br /></p><p>In what manner have I been wrong?&nbsp; You seem to be singling me out of the crowd and applying assumptions that I am anti-CAC.&nbsp; I am not.&nbsp; I simply was replying to the OP about why they won&#039;t start up their own slabbing company.&nbsp; Which incidentally was brought up in the article you posted.</p><p><br /></p><p><i>&quot;<b>MR:</b> Do you have any desire to one day start your own coin grading service?</i></p><p><i><br /></i></p><p><i><b>JA:</b> I really don’t, and even if I did, as I mentioned earlier, if a “C” coin came in it would have to be identified as being in its full numerical grade, not a point lower. I think the present services have established a nice baseline. Let’s remember also that most of the rare coins in existence have already been graded, so what would be the point? There would just be a lot of wasted plastic as people crack coins out of their holders. It would be very confusing. PCGS and NGC are already embedded in the market. Introducing CAC is confusing enough.&quot;</i></p><p><i><br /></i></p><p>I&#039;m confused with the argument that you are trying to drag me into.&nbsp; Why did you attack what I had to say?&nbsp; What I originally said may have been overly simple, but it was on target for the question presented by the OP.&nbsp; I have no wish to continue this circular argument, that amounts to essentially someone arguing with themselves.[/QUOTE]</p><p><br /></p>

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