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Alex in PA.

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Posts posted by Alex in PA.

    Have a Cigar! Show your Gold Coins!

    in US, World, and Ancient Coins

    Posted

    On 3/5/2021 at 6:32 PM, Quintus Arrius said:

    "This stops now," means business!

    This came about because no matter how kindly the Mod would ask they would receive verbal abuse as a reply.  Most of those DoDos are gone but some have replaced them.  If you were here for the 'War of the Words' (2003-2006) you'd have a better view of the rules.  Also, your 'Constitutional Rights' do NOT apply to private industry.  If that were true Twitless, FakeBook, et al would be out of business by now.  Acceptance is the first step to peace of mind.  

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    Interesting CAC Copycat

    in US, World, and Ancient Coins

    Posted

    10 hours ago, Revenant said:

    CAC only works on higher end things where 1 point matters.

    Correct.  Revenant knows what he is talking about.  I saw a common Mint State 63 Morgan with a CAC sticker.  That is the exact definition of 'greedy' and does nothing more than hurt the hobby by inflating a $40.00 coin to $60.00 or $80.00.

    51 minutes ago, GoldFinger1969 said:

    CAC makes a market in their own stickered coins and will buy/sell sight-unseen their own coins by making a market in them. 

    "Pump and dump" (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock".  Punishable by prison time if stocks are involved.  Coins....nope, do as you please because there's no regulation on how high you can inflate a coin nor how many 'misleading'  statements used to describe said coin.

    Interesting CAC Copycat

    in US, World, and Ancient Coins

    Posted

    1 hour ago, GoldFinger1969 said:

    What is that $2.9 billion you reference ?

    I never said "there's anything wrong with making money".  I said: " It's always been about the the money."  and you went on the DEFENSIVE without knowing anything about the corporation you were defending. 

    From Wikipedia, the free encyclopedia

    CAC has evaluated over 650,000 certified coins with a value of over $2.9 billion. The company has over 400 dealer members and over 500 collector members. The firm's website maintains a free serial number verification service, which helps deter CAC sticker counterfeiting, and Population Report, which assists in determining coin rarity.

    As of September 2015, CAC had purchased over $425 million worth of its stickered coins.  The exact description of the "Pump and Dump".  In the US Stock Market you go to prison for that.  In the Coin Hobby they grant you sainthood.

    Interesting CAC Copycat

    in US, World, and Ancient Coins

    Posted

    15 minutes ago, GoldFinger1969 said:

    CAC eats their own cooking by making a market in CAC coins.  If they over-sticker, they lose money.  No conflict of interest for the most part.

    Yes, in the Stock Market it's called 'The Pump And Dump' and you can get prison time for it.  In the Coin Hobby no one cares and I'd say after 2.9 BILLION dollars CAC is all about the money.like all the rest.

    Sometimes the check did not arrive

    in US, World, and Ancient Coins

    Posted

    16 hours ago, DWLange said:

    yet the USPS is still suffering delays in delivering low-tech packages.

    Then perhaps upgrading is the way to go for present times.  I have had NO problems with Over Night and Registered shipping TO the TPGs.  Just recently I received a submission back where it took less than 3 days California to Pennsylvania and a completed submission NGC tto me in 3 days.  I live in a very small town and we don't have the staff some POs have yet I am experiencing no delays and have never had a loss in decades of USPS service.  And NO.  I do not work for the USPS or am affiliated in any way with them.

    How reliable is sending your coin to get graded? Is it safe?

    in Newbie Coin Collecting Questions

    Posted

    12 hours ago, GoldFinger1969 said:

    I didn't say that it was an epidemic. 

    Agreed.  But let's look at these 'thefts' of precious coins.  Pandemic hits and all must stay at home bored and lonely.  Shipments via USPS (and FedEx, UPS too) slow down and some of the coin forum's impatient people get 'antsy'.  Coin forums get more attention with people reporting "many thefts" (most unsubstantiated) from the USPS but few from FedEx, UPS.  Why?  The majority of the comments I read from ATS were:  "My coins are missing."  Or "My coins are not being tracked any longer."  Or words to those effects.  Therefore:  "My coins must have been stolen,"  I'll just leave my theory there.  I am going to mail, via USPS, to a forum member.   I will post it's every move especially if it suddenly disappears,