@MasonG said:
One known thing is that CAC has broken a number of people. Whether they are able to pull themselves together again is still up in the air.
Is this information public? Who are some of these people and what happened to them?
Yes (only here) like a loud stellar radio source (black hole, neutron star, far off super nova) there are about 3 or 4 who would keep this thread going.
Above Question - What happened? Tough times, lack of money. Ones I know. They went to non Classic US Coin areas, kept US Classic but not buyer unless super deal, won’t invest in CAC at all, or sold out completely. One guy really huge inventory slabbed coins (lots big ticket coins) died of Covid. Now there is one millionaire local dealer doing them. He has a of lot rich customers too. Sold out of mine and unless they walked up to my table below bid no interest. With these tough times not sure where market going. Existing business areas doing well. Got one heck of deal off the bay on slabbed 69 ASE at $39 each would rather just stack those for now.
Now if was out there making my own (CAC submittal) would likely keep gravy train going. I believe CAC is a great concept and something would not mind investing in but right now I have a budget to stick to, material that is doing well, and concerns about future market conditions / being bogged down in big ticket material.
@MasonG said:
One known thing is that CAC has broken a number of people. Whether they are able to pull themselves together again is still up in the air.
Is this information public? Who are some of these people and what happened to them?
Read the comments here. It's not hard to tell who they are.
Comments
Remarkably, one member has made approximately 20% of the replies to this thread!!
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety," --- Benjamin Franklin
Is this information public? Who are some of these people and what happened to them?
Yes (only here) like a loud stellar radio source (black hole, neutron star, far off super nova) there are about 3 or 4 who would keep this thread going.
Above Question - What happened? Tough times, lack of money. Ones I know. They went to non Classic US Coin areas, kept US Classic but not buyer unless super deal, won’t invest in CAC at all, or sold out completely. One guy really huge inventory slabbed coins (lots big ticket coins) died of Covid. Now there is one millionaire local dealer doing them. He has a of lot rich customers too. Sold out of mine and unless they walked up to my table below bid no interest. With these tough times not sure where market going. Existing business areas doing well. Got one heck of deal off the bay on slabbed 69 ASE at $39 each would rather just stack those for now.
Now if was out there making my own (CAC submittal) would likely keep gravy train going. I believe CAC is a great concept and something would not mind investing in but right now I have a budget to stick to, material that is doing well, and concerns about future market conditions / being bogged down in big ticket material.
In a vacuum it’d be a moot point because you’d both be dead 🙃
“TO INFINITY, AND BEYOND!”
Superb collections are built more by omission than by addition.
Read the comments here. It's not hard to tell who they are.