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Why ICGS or NGC etc. when CAC can overrule there grading.
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<p>[QUOTE="brg5658, post: 2121832, member: 29751"]<span style="color: #ff0000">I have seen you post this on multiple forums and in multiple threads, but I have heard quite the contrary</span>. I mostly collect world coins, but I am good friends with a high-end US coin collector. He has asked for offers on dozens of stickered coins -- PQ lovely toned and original coins -- and has received time and time again low-ball generic and near-insulting offers from CAC. He has subsequently sold many coins on online coin forum BST boards and to dealers of high end material at shows for sometimes <i>multiples </i>of the CAC sight-unseen offers.</p><p><br /></p><p>Sure, CAC might offer to buy your beaned coins at higher than you paid if you're talking generic middle-range so-so eye appealing coins, but for coins that are truly special, they will offer you generic "sight unseen CAC price-guide" amounts that are pretty low-ball.</p><p><br /></p><p>The point being, because CAC has offered you more than you paid for a coin, doesn't mean that's more than you could have received for a truly special coin from a dealer or by selling it yourself. Sure, if you want to offload so-so coins quickly, there's a <i>liquidity </i>component to selling to CAC, but no one is making money that way hand over fist. I wonder what their "sight unseen" buy offer for the recent 1882-S PCGS MS65 CAC Morgan would be (the one that sold for $14k!). <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 2121832, member: 29751"][COLOR=#ff0000]I have seen you post this on multiple forums and in multiple threads, but I have heard quite the contrary[/COLOR]. I mostly collect world coins, but I am good friends with a high-end US coin collector. He has asked for offers on dozens of stickered coins -- PQ lovely toned and original coins -- and has received time and time again low-ball generic and near-insulting offers from CAC. He has subsequently sold many coins on online coin forum BST boards and to dealers of high end material at shows for sometimes [I]multiples [/I]of the CAC sight-unseen offers. Sure, CAC might offer to buy your beaned coins at higher than you paid if you're talking generic middle-range so-so eye appealing coins, but for coins that are truly special, they will offer you generic "sight unseen CAC price-guide" amounts that are pretty low-ball. The point being, because CAC has offered you more than you paid for a coin, doesn't mean that's more than you could have received for a truly special coin from a dealer or by selling it yourself. Sure, if you want to offload so-so coins quickly, there's a [I]liquidity [/I]component to selling to CAC, but no one is making money that way hand over fist. I wonder what their "sight unseen" buy offer for the recent 1882-S PCGS MS65 CAC Morgan would be (the one that sold for $14k!). ;)[/QUOTE]
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Why ICGS or NGC etc. when CAC can overrule there grading.
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