Thread: Does CAC hurt prices of non stickered coins?

http://www.coinweek.com/coin-grading...-coin-grading/

This is a old article, but the writer states non stickered coin prices may shrink. Do you agree or disagree, has it hurt the market

GROAN!!!! Didn't even last one day, let alone a week...lol

Originally Posted by Morgandude11

GROAN!!!! Didn't even last one day, let alone a week...lol

well, im curious if the trend will be stickered coins or + grades will become the standard and not the exception

+ grades have always been the exception. They are awarded to coins high in grade, but not quite high enough to make the next grade.

I didn't read the linked article, but I believe if you have a collection comprised nearly exclusively of CAC stickered coins then the coins that do not have a CAC sticker may be viewed with suspicion and thus hurt their liquidity and/or price.

Originally Posted by Tom B

I didn't read the linked article, but I believe if you have a collection comprised nearly exclusively of CAC stickered coins then the coins that do not have a CAC sticker may be viewed with suspicion and thus hurt their liquidity and/or price.

That sounds like a personal problem.

Originally Posted by Tom B

I didn't read the linked article, but I believe if you have a collection comprised nearly exclusively of CAC stickered coins then the coins that do not have a CAC sticker may be viewed with suspicion and thus hurt their liquidity and/or price.

so non stickered coins would be view as lesser quality

I think Tom's sentiment is true. For those of us who aren't religious about CAC beans, we don't care one way or another whether our coins have the little shiny sticker on them. BUT, if someone were liquidating their entire collection, and 80-90% of that collection had CAC stickers, one would almost immediately jump to the conclusion that they likely attempted to submit all of their coins, and those without the CAC bean didn't pass muster.

There are a couple people I know who post here (and on several other boards) who are stubborn to the point of almost laughability about every coin in their collection needing the green bean. When one of those posters has a coin for sale that is not green beaned, it makes me suspicious of its quality. Not because it doesn't have a CAC bean -- but rather, because it comes from the collection of Person X and doesn't have a CAC bean. It's almost guaranteed that the coin made the trip to CAC, but came back bean-less.

I'm fast coming to grips with the fact that a green bean designation will be used to squeeze every last penny out of what it is I purchase. I'm now told (article/link) that I have to submit my 'gems' to CAC lest they sell for less when the time comes to liquidate. A few years ago I was told that in order to maximize my return on what I wanted to sell I needed to have the coin encapsulated by one of the major grading services. Now I'm being told I need to add 'the bean' to maximize return. What the devil next?

I won't pay anything extra to get a CAC coin.

IMO, CAC was established so that quality coins would no longer be held back by the lower end coins in a certain grade. The way the price guides are set up, IMO, is more like an average price for the mid-level coin in a specific grade. For decades, coin purchases have been based off of these "averages" and the prices have been dragged down by lowerend coins. Now with CAC certifying high end coins for the grade, buyers are able to feel confident in the coins they are buying and are willing to pay high end money for high end coins. While I think the prices for non-stickered coins might go down a tiny bit, I believe that the current prices will stand for average coins.

Originally Posted by valente151

IMO, CAC was established so that quality coins would no longer be held back by the lower end coins in a certain grade. The way the price guides are set up, IMO, is more like an average price for the mid-level coin in a specific grade. For decades, coin purchases have been based off of these "averages" and the prices have been dragged down by lowerend coins. Now with CAC certifying high end coins for the grade, buyers are able to feel confident in the coins they are buying and are willing to pay high end money for high end coins. While I think the prices for non-stickered coins might go down a tiny bit, I believe that the current prices will stand for average prices.

Finally, a nice insight on the issue provides us with some sanity.

Originally Posted by valente151

IMO, CAC was established so that quality coins would no longer be held back by the lower end coins in a certain grade. The way the price guides are set up, IMO, is more like an average price for the mid-level coin in a specific grade. For decades, coin purchases have been based off of these "averages" and the prices have been dragged down by lowerend coins. Now with CAC certifying high end coins for the grade, buyers are able to feel confident in the coins they are buying and are willing to pay high end money for high end coins. While I think the prices for non-stickered coins might go down a tiny bit, I believe that the current prices will stand for average prices.

isnt that what the + grades and * grades are for

Originally Posted by bkozak33

isnt that what the + grades and * grades are for

* grades have nothing to do with grade, only eye appeal. Thats a whole different issue seperate from CAC.

+ grades are similar, but are still the grading services opinion, which can be wrong. (I am not saying grading services are unreliable or that CAC is fool proof, so please don't interpret this as this. I am just giving my opinion of the difference.)

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