Is CAC verification really worth it?

I'm not even sure exactly what it is. It just seems like another way to get you to spend money for a sticker. I'm kind of new to this. What is up with this? Does a CAC sticker REALLY carry a premium with it? Thanks.

 

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Judging from recent teletrade auctions, yes.

 

It's a 4th-party endorsement on a 3rd-party grade. That should take care of your confusion over what it is. Just like any endorsement, it will carry a premium to those who value the opinion of the endorser. That should answer your last question.

 

Thanks guys. I don't think I have anything valuable enough to send in anyway. I keep reading (on here) "Buy the coin, not the slab". So should it now say: "Buy the coin, not the slab or/and the endorsement"?

 

A corollary to that might be...

"Buy the coin, sell the slab/sticker."

 

p.s. yes, I have found my investment in CAC to be worth it. I can go into details if you wish.

 

How much per coin does CAC run?

 

$10 for the coins they sticker. No charge for the ones that don't. Plus shipping (two ways) unless you drop off and/or pick up the coins in NJ.

 

CAC
I would rather use Ngc + or Pcgs Secure than CAC for 2 reasons.
#1 would use them only if the would sticker all coins!!!
#2 they just pick about 2/3 of US coins and very few world coins.
But John A has work for all 3 TPG they sticker.
I think that cheating the Coin collecting public.a sticker just make you pay more at time but if you can tell what is MS66-68 you don't need to buy a sticker on your slabed coin
CAC but some folks thing different.:kewl:

 

How is it cheating anybody? That's one of the most asinine statements I've ever seen on these forums. If you don't want to pay extra, then find another coin that hasn't been CAC'ed.

 

CAC is mostly useful for numismatic coins valued at $500 on up. If a person collects those kinds of coins, it is probably worth it. Most collectors don't routinely buy such expensive coins, and those collectors can mostly ignore the stickers.

 

In general, CAC'd coins are very well received.

 

I am sorry but the CAC sticker still makes me laugh. A fourth party verfication, verifying they agree with the third party verification, but still cannot be sold for full value sight unseen. All of these functions used to be performed by buying your coins from a good dealer.

I understand cognitively what the CAC group is trying to do, it still makes me smile when I think about the whole situation. I roll on the floor when people post abotu how best to protect the plastic holder and the CAC sticker. How much money are these people taking away from actual coin purchase prices? If you buy a $200 coin, how much of that $200 is wrapped up in third and fourth parties? Sounds like a **** of a way to make money in the coin business but not actually ever selling a coin.

 

Medora, I hear you brother, but do you realize the same logic could be used for third party grading, and I presume you (happily) own slabbed coins. Said a bit differently, if one opinion is good, why isn't two better?

 

Yes CAC certifications are worth it. I like what mike said - buy the coin. sell the slab/sticker. Look at some of the CAC coins - not all demand a premium, but most (not all) are worth it. I think a good learning experience would be for you to send in some coins to see if they sticker - if some do and some don't you can study the ones that did not and maybe learn something from that. I like CAC, but I would not buy them sight unseen.

 

Well said, Mark. I like (and trust) a lot of people, but would buy sight unseen from none of them.

 

I might not of bid what I did on this coin that I recieved today without that sticker. Especially since it's only ten points better than the one I had.
http://i.ebayimg.com/t/PCGS-1921-S-.../00/$(KGrHqEOKjME4iD7dkHEBON2,ZwYmg~~0_12.JPG

Edit to add that looking at the back of the coin ( there is a David Lawerence sticker there) the seller I bought it from did not get is CAC'ed the seller he got it from did. So it looks like the coin is easier to market with the sticker.

 

I haven't paid extra for my CAC'd coins.

 

Love to hear it . Wish I got in on it .

 

CAC certifies that they will purchase and CAC stickered coin back. That in itself is worth it to me.