If CAC is a market maker where is their market (sell side)

csdot

@specialist said:
he sells to many diff dealers. Many of them are retailers. his mark ups are ridiculously low. he is all about preserving market. and helping the dealers too.

he has the most bids of any one anywhere on the systems. Want to sell him a PCGS CAC MS66 Saint? His bid is $3,450.00-for 990!!!! I don't even have a bid right now!

It is late, but I just don't get what this sentence means? "Want to sell him a PCGS CAC MS66 Saint? His bid is $3,450.00-for 990!!!!"

What is for 990!!!? Is this an auto correct saying bid is somewhere between $3,450.00 - $4,990?

tradedollarnut

Up to 990 coins

AlexinPA

With CAC being closed to new members what effect does this have on the market?

cameonut2011

@AlexinPA said:
With CAC being closed to new members what effect does this have on the market?

none

ReadyFireAim

How about a CAC misfire (MS64)

Outhaul

CAC is just the opinion of one more person. And we all know what opinions are...

TwoSides2aCoin

I agree with "retail sucks". At least in a B&M.

Desert Moon

@Outhaul said:
CAC is just the opinion of one more person.

Actually there are 3 additional graders, and they are all at the top of their game looking for top quality surfaces with no to minimal human assistance. That is what makes green beaned coins stand out. Study several hundred beaned coins then study several hundred unbeaned coins and one learns to appreciate the importance of surface quality for overall quality of the coin.

So yes, one companies' opinion, but an incredibly good one. My feeling is that in some series, coins with the beans are often way undersold at published MV's because of this.

Best, SH

jmlanzaf

@AlexinPA said:
With CAC being closed to new members what effect does this have on the market?

They close and reopen all the time as a way of controlling the numbers.