CAC's cold shoulder to the modern/post-modern era

Does anyone know why CAC doesn't sticker modern/post-modern coinage? I looked on their site, and the cutoff for most coins is in the late nineteen-forties.

 

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They have a tall task as it is; I am a CAC dealer and can pretty much see where they draw the line on acceptance. Can you imagine them straining at gnats, trying to determine in 1000 new types of coins where to draw the line between 69 and 70, which is about the only serious $$$ concern with most modern collectors?

 

The thing I like about CAC is the aspect of peer-review. That would be particularly useful for modern coins where there is so much controversy over MS70 grades, and if such a thing even exists.

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I would assume that part of it has to do with supply/demand. CAC supplies a service in high demand. If they extended the service to modern coins in high supply, they might eventually decrease the demand (and perceived value) of their service.

After all, wasn't CAC established to reduce concerns over the "new standards" of grading as PCGS/NGC/ANACS changed their slabs and protocol?

 

I have sold some proof silver eagles in MS69/70 holders after buying them raw; you get lucky and some of the better dates grade PR70. There are even some business strikes in 70 that are worth a huge premium over the 69s. Put some graders whether PCGS/NGC or CAC in a room and have them grade moderns all day, maybe this becomes punishment for those who mess up with the really interesting numismatic coins. It would bore most people to tears. Apmex does an excellent job at marketing these with huge pictures available for those who salivate over all the wonderful 69/70 coins that are virtually perfect. Yes, some great designs, but not rare with the exception of a few. If you get a 1986, 1987, a 95-W to grade PR70 you hit a homerun; unless they develop milk or other spots you should be OK as long as they are in the two important holders.

 

I do not view it that way Doug. I prefer to give them the benefit of the doubt, and believe they are doing it in order to not facilitate a "beanie baby" marketplace of overpriced modern "rarities" that many people will get burned on.

At least its how I prefer to view it optimistically. Of course, pessimism usually is a safer assumption.

 

Cac if their not going Review to every coin Anacs,Ngc,Pcgs and Ice has graded,how+why should We trust there Review/ 3rd party Re Grading Skills then a Sticker?I know the answer is there Staff at Cac yes there well educated.
I know folks do like them buy like crazy.
but I try to not pay the inflated price they bring.
If Cac Change and will sticker 100% Anacs Ngc Pcgs and Icg I could Change my buying habits.

 

Won't those modern coins eventually no longer be modern? Will they start grading them then???

 

Plus I would keep in mind that CAC has bids on most of the coins they sticker around Greysheet ask, but a lot more in the case or relatively rare or high end coins. Whenever I do a CAC submission they email me "any CAC coins for sale?' before shipping them back to me if I want offers. So if they were to CAC all those moderns with high auction prices in 70 holders, it would mean they would have to be making a market in those coins too. They already have their hands full with CAC submissions at this point and Coinplex, their dealer network.

 

Possibly would have been more believable if you "placed" the sticker onto the label area, rather than the black empty area. It doesn't seem much more difficult to use an ellipse cut/paste job on the label than a rectangular cut/past job on the empty spot.

 

Give 'em time.......they'll eventually cave in ..........

 

Wow....thanks a bunch.
Maybe one day I'll be as smart as you, but I doubt it.

 

Perhaps those who run CAC, have a financial stake in CAC or who evaluate for CAC simply do not have or want the expertise or market making responsibility of looking through most modern coinage?

 

CAC does have the additional benefit of the fact that most of the coins submitted to them do not get beaned and there's no way to know which coins failed. So resubmissions are likely elevated.

I do agree that they'll eventually cave and accept more modern coins.