I'm not sure if there is a thread on this already. I'm wondering what collector's think about the CAC Sticker on slabs. Lately I have been seeing a lot of graded coins with the CAC Sticker on them. As far as I know CAC will check the grade of your graded coin and if your coin is at its current grade or higher they will put a green sticker on your graded slab. I was thinking with all those fake slabs out there this might be a cheaper way to authenticate your coin and slab. Of course a dealer can authenticate it for free and I am sure green stickers can be counterfeited also. Does anybody think a CAC Sticker on a graded coin will bring a higher premium? http://www.caccoin.com/
CAC sticker only means the coin is "solid" for the grade. Like having a second opinion slapped onto the slab. I wouldn't pay more for it though. Lots do, but not me. It does give you a "fuzzy" felling when you go to sell the piece however.....
CAC uses 2 stickers a green one and a gold one. The green sticker is for "A" and "B" coins. What that means is; within each grade there are A coins, B coins, and C coins. A coins are good for the grade (not under graded, but on the high end of the grade), B coins are solid for the grade (not high or low), and C coins are on the low end of the grade (not that they're necessarily over graded, just a lower example of that particular grade). With the green sticker you can't tell whether CAC felt the coin was a A or B coin, but you know it's at least solid for the grade (According to CAC). The gold CAC sticker is for coins that CAC feels are under graded, and should easily upgrade. You don't see too many gold stickers. From what I've seen the gold stickers always bring a premium. It's not as clear with the green stickers. I know a lot of people say they would never pay a premium for a CAC coin. I believe CAC has stated they expected green stickers to bring around a 30% premium. I could be wrong about that though, could swear I remember hearing that a few years ago when they were at CoinFest. There have been a bunch of threads in the past about CAC. http://www.cointalk.com/t58729/ http://www.cointalk.com/t190116/ http://www.cointalk.com/t158166/
Mike (as usual) nails it...... You still remember that seminar Mike? My only regret is that Mark Feld was there and we didn't get a chance to meet him.
Ah you New Yorkers and being able to actually meet fellow board members.....Must be nice! I am stuck out in "the middle". At least we have one of the few ancient coin clubs in the US here in MSP. Sometimes I do envy New Yorkers for all of you access to shows, ANS, and other collectors. Chris
Yep still remember it, I thought John Albanese did a great job, shame we missed Mark. You got that 2 cent piece green beaned right? I sold the Morgan that green beaned (for a little premium, btw), kinda' regret selling that one.
CAC is, IMO, the future of the coin market. Each and every year less and less collectors attend coin shows and more coins are purchased on-line. So having a third set of eyes has become an important part of the industry since collectors cannot look at the coins in hand as they could in the past. Now with CAC (and PCGS's "plus" program) you have a 3rd party verification of a coins quality within that particular grade. I know I sell CAC certified coins much faster and at a premium to non-certified coins, so the market is certainly there. I see a the day coming soon in which the coin market is bifurcated between CAC/"plus" coins and non-CAC/"plus" coins, each with their own valuations and CDN will be tracking CAC/"plus" coins separately from non-CAC/"plus" coins. In a very real way it has expanding the Sheldon grading scale from 1-70 to 1-140.
I see the primary market for CAC as numismatic coins costing $1000 on up. If a person collects those kinds of coins, they would do well to become familiar with the ins-and-outs of CAC. Where the sticker makes a difference, where it may not, and estimates on relative scarcity, relative percentage of stickers vs. rejects. The vast majority of collectors that I meet, are not buying coins in that high of a price range. Because of that, most collectors can for the most part ignore the stickers. The lower the value of the coin (or for near bullion value coins), the less the stickers will come into play.
you need too post this in the what its worth buddy, im sure the mods will move it for you. as per your question im not sure, i dont collect pattern pieces. but the guys on here need to see pics before they will put a price on anything. cody p.s. please dont bump up old threads.. make a new one for your topic, sorry guys i didnt realize how old this thread was.. lol
i consider anything a week or 2 old to be an old thread. regardless you have a question that doesnt pertain to the original post so it needs its own thread in the whats it worth section buddy.. cody
I'm sure I'll get flack for this, but so be it. To me, CAC is yet another gimmick to get your money for another opinion. How many opinions on a coin do we need till we'll be happy? Why stop at fourth party opinions? If a collector can't tell if the coin they bought is good for the grade, then they probably have no business buying coins at all. You can't buy knowledge, yet thats what TPG's and CAC want to make you believe. You're paying a premium for your laziness. But, use the excuse it's protection, or it's sight unseen, it makes little difference. Flame on... Guy
Yep - I am sure a few will flame you. Not me - it is just an opinion. I won't pay a premium for a CAC sticker, but I might for the coin in the holder. I don't have a problem with CAC, but like always, you still need to learn to grade. And yes CAC stickered coins sometimes do bring a premium. I know I have several CAC stickered coins and can say I am more than please with the coins. Of course I probably still would have bought all of them.
Personally, it is painful/bad enough to have a coin missing in action while it is shipped and processed at a TPG then shipped back (2 1/2weeks min with walk through usually 6 weeks on economy). I just don't have the stomach to go through that again with a whole other company and if I did, I would send it back to the TPG for a review or crack it out for a numerical grade jump attempt, not just a nudge within the grade level. I can't see my money tied up like that in a coin I'm selling, nor do I need a sticker on a coin I'm keeping for me to like it any more. I would even say an average collector could look at/run a 20 coin box of slabbed coins and be able to tell what ones are "solid" for the grade themselves. With that said, I have bought a few coins that already have the sticker, and I don't mind it and wouldn't pick it off, but I actually try to ignore it. If a coin is in a 65 holder, its a 65, not a 66 no matter what they stick on the outside of the holder. If it is a 66 in a 65 holder then get it to say that under the plastic then we can talk price. JMO, Matt
Hello sld007, Welcome to CoinTalk! You should not start a new topic in someone elses thread. You should not ask for offers except in the open area of the forum. You can ask what is it worth or market value, but that's about it and that should be done in "What's it Worth" section. I would also agree that a thread more than a couple weeks old is an older thread when you look at the volumn of new threads/traffic. Good luck, I am sure you will find valuable information here. Best Regards ~ Darryl
