@amwldcoin said:
So all he employees are senior graders?(2 not 3 from what I understand) Are there that many senior graders out there? What qualifies a person to be a senior grader? I'm going to check out of this conversation. You all can believe what you want. If you don't think CAC is not making money....well don't I know what to say!
A couple of replies: "I saw an advertisement in The Numismatist offering up to $300,000.00 for a " senior grader " a year or so ago."
"The same advertisement that offered the $300,000.00 for a senior grader offered $75,000.00 for an intern."
Half a million for three graders doesn't sound excessive.
So, you think the salary of a senior grader has dropped by 70% in the last 13 years?
I checked with CAC today and was told that they have averaged approximately 9000 coins/month since their inception, that the stickering service is a loss leader and that, as they expected at the outset, they have lost money on it.
One other factor to consider (which I don't think has been brought up in this discussion) is that for many years, they did not charge collectors a fee for coins that failed to sticker.
Now that I have relayed some facts, which I obtained directly from the source, I will leave it to you to speculate, debate and believe whatever you wish. Enjoy.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Comments
I checked with CAC today and was told that they have averaged approximately 9000 coins/month since their inception, that the stickering service is a loss leader and that, as they expected at the outset, they have lost money on it.
One other factor to consider (which I don't think has been brought up in this discussion) is that for many years, they did not charge collectors a fee for coins that failed to sticker.
Now that I have relayed some facts, which I obtained directly from the source, I will leave it to you to speculate, debate and believe whatever you wish. Enjoy.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
9000/20 working days per month = 450 per day
450/ 8 hrs per day = 56 per hour
56/ 60 seconds per hour = .93 coins per second
Not bad considering no lunch or bathroom breaks
On second thought, JA might go even faster if he has to pee.
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