What Mark Salzberg said in 2011 about CAC

[Hard Times]

The problem with CAC changing its mind on a coin is that on the front on their website they say 'buy with confidence when you see the green bean' (not verbatim but that is the gist of it) and they are grading the graders. In such a case, many folks have problems with their inconsistencies because truthfully they appear to be no better than the TPG's that they are passing judgements on. It is rather bold to pass such official judgements on TPG grading decisions with a mark on their holders yet not be able to be better than them, don't ya think?

 

Best, HT

[MJ]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

No. His opinion on that coin changed. It happens. People change their minds. Some folks can't happen to wrap their heads around that. It's not a weakness, it's a strength.

 

Mark

Give him a medal for his strength but it means to the market he's unreliable.

 

Let's see

 

CAC coins continue to trade at a premium

 

PCGS coins sell at a premium to NGC

 

If anything it seems to me that the market deems NGC as unreliable.

 

Spin on

 

MJ

[jom]

There maybe kool aid drinkers across the street but this place has an inordinate amount of cynical thinkers with chips on their shoulders.

 

There are some certainly. "Inordinate"? Hardly.

 

jom

[Kurtdog]

The problem with CAC changing its mind on a coin is that on the front on their website they say 'buy with confidence when you see the green bean' (not verbatim but that is the gist of it) and they are grading the graders. In such a case, many folks have problems with their inconsistencies because truthfully they appear to be no better than the TPG's that they are passing judgements on. It is rather bold to pass such official judgements on TPG grading decisions with a mark on their holders yet not be able to be better than them, don't ya think?

We need a sticker on the sticker now.

[Kurtdog]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

No. His opinion on that coin changed. It happens. People change their minds. Some folks can't happen to wrap their heads around that. It's not a weakness, it's a strength.

 

Mark

Give him a medal for his strength but it means to the market he's unreliable.

Hardly. Laughable. It just really just means means your tunnel vision remains intact. Baby, bath water spin doctor. There maybe kool aid drinkers across the street but this place has an inordinate amount of cynical thinkers with chips on their shoulders. A dangerous blinding combination.

 

Mark

 

When you can't attack what I said, attack me. That's about par for the course ATS. No big surprise there.

 

[rrantique]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

No. His opinion on that coin changed. It happens. People change their minds. Some folks can't happen to wrap their heads around that. It's not a weakness, it's a strength.

 

Mark

Give him a medal for his strength but it means to the market he's unreliable.

 

Let's see

 

CAC coins continue to trade at a premium

 

PCGS coins sell at a premium to NGC

 

If anything it seems to me that the market deems NGC as unreliable.

 

Spin Out

MJ

 

Fixed that for you.

[FishyOne]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

 

Do you know the coin didn't change? All we know is PCGS viewed the coin and agreed with the NGC grade, then it went back to CAC where it did get a green bean while in a new holder from a TPG that consistently trade at higher price levels.

[Kurtdog]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

Do you know the coin didn't change? All we know is PCGS viewed the coin and agreed with the NGC grade, then it went back to CAC where it did get a green bean while in a new holder from a TPG that consistently trade at higher price levels.

I think that might be pressing it a little to suggest the coin changed. On the whole, they're all going to be pretty consistent. You get down to cases, this kind of thing is going to happen. On PCGS coins trading higher, that's just due to their marketing.

[FishyOne]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

Do you know the coin didn't change? All we know is PCGS viewed the coin and agreed with the NGC grade, then it went back to CAC where it did get a green bean while in a new holder from a TPG that consistently trade at higher price levels.

I think that might be pressing it a little to suggest the coin changed. On the whole, they're all going to be pretty consistent. You get down to cases, this kind of thing is going to happen. On PCGS coins trading higher, that's just due to their marketing.

 

I agree PCGS trading higher is largely due to marketing where the guys in California really shine. It's almost unbelievable the market perception they have been able to create. One of those intangible assets that must be valued in the 8 figure range.

 

Back to that MS65 Half, it appears borderline B/C and I realize they're just images but it does appear lighter/brighter in the PCGS holder.

[coinman1794]

Lets remember that JA/CACs view of a A/B/C coin changes........look at the other thread in which a coin that was declined a bean later got it in another holder at the same grade.

No. His opinion on that coin changed. It happens. People change their minds. Some folks can't happen to wrap their heads around that. It's not a weakness, it's a strength.

 

Mark

Give him a medal for his strength but it means to the market he's unreliable.

 

Let's see

 

CAC coins continue to trade at a premium

 

PCGS coins sell at a premium to NGC

 

If anything it seems to me that the market deems NGC as unreliable.

 

Spin on

 

MJ

 

You forgot about the exclusive PCGS registry, which drives up the prices of PCGS coins, in relation to NGC coins, to an artificial level, in many cases.