The CAC Myth?

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  • jmlanzaf
    jmlanzaf Posts: 43,052 ✭✭✭✭✭
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    @skier07 said:

    @ReadyFireAim said:
    I don't agree with how JA grades saints & he doesn't agree with how I grade them.
    Pretty simple.

    I don’t know how to grade Saints but in a vacuum I’d side with JA.

    As does the market. I don't like the way anyone grades Buffalos, but I'm also not arrogant enough to expect the Market to bend to me rather than I to it.

    And, to the CAC point, unless the 65 CAC is inferior to the 65 no CAC, you really don't have a beef with JA but with PCGS and JA.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • Maywood
    Maywood Posts: 4,392 ✭✭✭✭✭
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    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

  • Zoins
    Zoins Posts: 34,489 ✭✭✭✭✭
    edited July 31, 2022 5:31AM
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    @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?

    Private Mint News | 2010 Lincoln Reverse Finalists
  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited July 31, 2022 7:08AM
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    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.

    Investor
  • P0CKETCHANGE
    P0CKETCHANGE Posts: 3,734 ✭✭✭✭✭
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    @skier07 said:
    I don’t know how to grade Saints but in a vacuum I’d side with JA.

    In a vacuum it’d be a moot point because you’d both be dead 🙃

    @Cougar1978 said:
    Wonder how long this thread go on.

    “TO INFINITY, AND BEYOND!”

  • MasonG
    MasonG Posts: 7,573 ✭✭✭✭✭
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    @Zoins said:

    @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.

  • jmlanzaf
    jmlanzaf Posts: 43,052 ✭✭✭✭✭
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    @Maywood said:
    Remarkably, one member has made approximately 20% of the replies to this thread!! :#

    I was having a conversation with my mother the other day. 50% of the comments came from her.

    All comments reflect the opinion of the author, even when irrefutably accurate.

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