Useless CAC sticker

I feel like I am in the twilight zone. Every thread leads back to the same place.

Read more: http://www.cointalk.com/t206389-4/#ixzz1vY090Ll3

 

Log in or Sign up to hide this ad.

But there is no following the market. they created the market.

 

I agree the coin is not what I would think is a nice 66, I guess everyone even tpgs and cac has a bad day at work now and then.

 

No they didn't. The market for high grade coins has been changing for decades...long before the TPGs. The TPGs found a niche that they fit in. They filled a demand and evolved as the market continued to change. The way you speak...you make it sound as if grading standards and the coin market were highly stable until the TPGs and then all that changed. That is certainly not the case.

 

Sorry no

The TPGs get more crack outs and business with higher grades and looser standards...and that before the MS70 bonanza. They are creating and LEADING the gradeflation. And they can end it tomorrow.

this has now moved into the category of

"Grade This for Me and it better be GOOD."

or

"Don't Argue with me"

soon to be

"My god, does it REALLY MATTER!!"

 

I strongly disagree with that assessment. PCGS and NGC are making the market. My standards haven't substantially changed in the last 20 years. If anything I'm even more stringent now than I once was.

 

i agree with that, especially that the more experience you get, the more stringent your grading standards are. I'm at a point where i consistanly grade coins a full point below what they are graded, in general. The more you learn, the more your no longer impresses with hype and shiney coins and see the problems. You become a much more discriminating buyer/grader (since I don't buy that much of anything)

 

I strongly disagree with the all of the comments that CAC is some sort of marketing ploy. There is a very good reason why CAC coins receive a premium when brought to auction. The fact is that many, many people including myself value the opinion of John Albanese. If you do not trade in premium coins, you do not have a valid opinion on this subject as you have no foundation to stand on.

 

This has nothing to do with YOUR standards...but the general grading standards across the hobby. They have changed. They were in flux long before the TPGs came into existence and they will probably continue to do so. This is not the result of some grand scam by the TPGs to continue to make money.

As for the crack out game...that would be part of the industry even of the standards hadn't been so dynamic. As we have said before, there is a certain subjective element to grading which could result in a coin receiving slightly different grades on different days.

 

Whatever. If John Albanese was honest about this endeavor, he'd slab coins with his own grades and let NCG put stickers judging his work. The CAC sticker is a scam, and it proves to be just as often wrong as any other grader.

As for having no foundation to stand on, don't bet on it. That is an extremely arrogant thing to say based on things you just don't know. I pulled out coins that I'm very familiar with, and frankly, can grade with great accuracy. And when I don't know, I ask others. This forum has about as much firepower as anywhere on earth for grading. You just need to know who to ask.


BTW - this is categorized as

"CAC is God"

 

I believe that it should have been graded MS 65 FH.

[HR][/HR]

Hmmm...no...bring forth an opposite doubt, and I might believe it.

You can't teach anything, but you certainly can teach something in particular. Come out of your Teletubby dome, and teach us something relevant to the topic. Wouldn't you do it? It's okay...but that's a different story.

 

You are entitled to your opinion as am I. If you trade in premium coins, than that comment was not directed to you. I was referring to all of the collectors who have no idea what the CAC service is yet say that it is useless.

BTW- CAC is God...All hail JA. We're not worthy.

 

I am so scared to ask, but what is a Teletubby dome?

 

A structure resembling the house where Teletubbies (creatures of a television series) live, is what I call a "Teletubby dome". However, my words were directed in more than one sense; as consequence, I shall defend other postures that weren't [yet] divulged on this thread.

 

Well - at least I know what a teletubby is. Just not a teletubby dome.

I added my likes where I agree. I don't agree with everything CAC has put a sticker on, but I do think they provide a good(and useful) service. I would say most of their coins that get the sticker are very nice - and yes I own(or did own) quiet a few of them. I saw a perfect example a few months ago - about 6 saints at a local coin show. 4 were CAC and 2 weren't in the display - just from a foot away you could tell the difference and all were 64's.

As to the original coin - use RLM's guess the grade as examples. The large pictures can cause undergrading and luster does rule at times. So I think the coin is fine as it is - grade and sticker. Just my humble opinion.

 

Possible Misunderstanding?

Re: Grade of presented coin.
I agree with your grade assessment!!

Re: Humility versus "conceit"
By all societal standards/tests, relative to the norm, I'm "very informed". The knowledge that I've acquired has just provided an understanding of actually how little I know. In reality I'm actually "minimally informed", stimulated to learn more, hopefully some day to become actually "very informed". When I think that I've become "very informed", I will have lost contact with reality and the understanding that humility/conceit are incongruent. Under- educated children are likely to think that their knowledge is greater than all others, and rebel against objective tests.

Re: Teaching of the OP "topic" (i.e. Useless CAC Sticker)
I could only teach that based on my subjective evaluation of premium items I've reviewed, I believe the CAC assessment to be a valuable purchasing tool. I only wish that the assessment would have been available in the past when informed that "Top Tier" TPG certification had additional guaranteed value. I also recognize that regardless of general increased value, humans occasionally err.

JMHO :thumb:

 

I agree with you that the standards have changed.
I disagree with your assessment that the TPGs are responding to the market because I believe the exact opposite is the case.
I never made any comment about the TPGs running a scam and I pointed out my grading standards since I am, in fact, part of the hobby.

 

If that is the case...you must then believe the TPGs are responsible for the change in grading standards? How do you then explain the decades of grading standard change prior the TPGs coming into being in the mid 1980s.

 

FWIW, that is not congruent logic.

 

FWIW, I subscribe to ANA grading standards. If that makes me a schmoe, well, so be it......