Tuesday, January 22, 2008
CAC Services
I was reminded last night of the new CAC service that certifies NGC and PCGS certified coins. Their job is to determine coins that are exceptional for their grade. A few weeks ago there was an editorial in Coin World from a frustrated collector stating that CAC should stand for "Can't Afford Coins" and I must second that statement. I feel torn because I don't want to sound bitter that I don't have more money to buy coins but at the same time, services such as CAC will drive up the prices on nice coins and make them less attainable for the average collector. For some of us, while we're saving up to buy a nice coin, the prices go up and then we can never purchase it or it takes a lot longer to have enough on hand to purchase said coin. Of course, there really is nothing that I can do about it. I probably won't purchase a CAC coin but it'll be due to finances and not some sort of boycott. Since I'm not their target audience anyway, CAC will be here to stay, and that makes me sad.
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