Useless CAC sticker

Hard to say since he founded them both!

 

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Touche!

 

I missed that post...and you know what. I have no idea. I also don't see an answer on their website. But, I do see an email address. So, I sent them an email. Here is what I wrote:

We'll see what they say.

 

Not sure myself, but a requirement for joining CAC was to be a member of ANA which I am. Wouldn't surprise me if they used ANA.

 

It's answered on their site. Same standards.

In my recent experience ANACS uses the same standards now too. But with all the coins that have been certified since the 1980s, standards have varied, as NGC's head indicated in his interview with Mr. Rosen as I have posted on before. I don't know that we have David Hall on record on those issues, though.

 

Membership which is currently closed, and has been for the past year:

Collector Memberships – Closed

As of May 1st 2011 CAC is not accepting new Dealer or Collector Memberships.

John Albanese, founder and president of the company explains: “We don’t want to get completely overwhelmed. We’ve kept our prices friendly and our turnaround times favorable, and we want things to stay that way. Capping our membership for at least the rest of the year will give us a chance to consolidate our growth and assess where we’re headed in the future.”
When membership is re-opened, we will post a notice on the site.

However you can email us and request an application…and be placed on a waiting list. Once Membership is re-opened, we will contact you for any additional information.

http://www.caccoin.com/how-to-submit/advanced-collectorsubmitter-memberships/

We're also back to the same question as to which standards they use because their website only says Certified Acceptance Corporation's stringent grading standards.

Are those CAC's own set of standards, or are they following established ANA standards or the TPG's standards?

 

I have given submission forms to a couple dealers who want to try and get the CAC sticker. Basically, they expect dealers to do this without strings attached for non-members or member dealers. Why not?

 

The most accurate answer to that question is that they use their own standard, though the asking of the question indicates a misunderstanding of the process.

Industry professionals know and understand how John grades and his ability to consistantly render accurate, (highly) market acceptable opinions on coins makes his grading opinion highly sought after. The fact that it has become acceptable to the retail collector market also makes it a constantly demanded service that dealers are very comfortable using and recommending.

This discussion rises from not understanding that there are graders who can look at a coin and not only grade it accurately nearly every time, but also say if it is in the lower, middle, or upper third of coins graded at any given level. There will always be some level of disagreement among the elite level graders on some coins, but their acceptance of each others work when buying and selling coins from/to each other (the best graders typically make too much money working privately to work for NGC/PCGS) is where they gain real market acceptance and their grading skill is constantly refined through literally thousands of "grading events" every week in the course of their business. Retail collectors simply are not usually the right people to be evaluating a grader's work because they rarely have the experience of seeing hundreds of thousands of coins a year and reviewing them under the proper conditions with constant feedback from other quality graders that is required to really excel at it.

 

CAC follows its own grading standards.

 

Good he should slab them and stop doing a service that is a scam. Their is no grading incentive here. there is only a scam designed to increase market value for slabs with little stickers. He provides no grading service, and i don't CARE how many times you say it. He puts a little sticker on a graded coin that says Good, Bad or OK. And that is a secondary evaluation of a proscptive serive and would be ILLEGAL in any other commedites market. Merril Lynch can't tell someone that Dunn And Brad Streets stock evaluation is Good or bad. They have to write their OWN analysis.

 

And then even under that standard, they blow it. Next week they'll have a company put stickers over cAC stickers.

 

Let me ask you this...if he removed the coin from it's current slab and placed it in a new slab, does that completely remove the evidence of the original graders opinion? If so, what was the value of the original graders opinion.

Doesn't having two independent experts evaluate something and come to the same conclusion create more security to the accuracy of that conclusion than having only one evaluate it?

What CAC does is allow the original evaluation to still remain evident and add their own opinion. Thus, two independent opinions are present.

 

Until CAC disagrees with the original grade, and does not "bean" the holder.

 

Unfortunately, there is no way for them to certify the coin as poor for the grade with a sticker. If I recall correctly (and I could be wrong), they did at one time place red stickers on coins they believed were poor for the grade. I remember this being discussed here. The problem is, if your coin got a red sticker...you simply removed it.

But, from a buyers standpoint...if you purchase a coin that has two independent experts in agreement that it is accurately graded, that should provide more insurance than only one expert (or none).

That said, I own only a handful of slabbed coins and don't have a single CAC coin.

 

I understand the process. CAC wants collectors to have full confidence in the grade opinion of the TPGs, and will "bean" the holder with either a green or gold sticker, both of which have different meanings.

However, if CAC is using THEIR own standards of grading, that means we now have 4 different standards of grading.

ANA

PCGS

NGC

CAC.

This has been my point right along on this thread, and the NGC PCGS Poll thread, that there is no consistent uniform set of standards being used, and followed by any of those services I listed, and as such, IMO, creates confusion in the hobby.

I would believe that more collectors, who collect Franklin halves, and wish to submit the uncirculated specimens to a TPG for grading, attribution, designation, and slabbing; and also are hoping for the FBL designation on the label, would tend to lean more towards PCGS because they only look at the bottom set of lines on the bell, wherein NGC looks at both sets of lines.

If we don't have uniformity, and consistency, in the hobby, as it relates to grading, the confusion will continue.

 

Market grading?

 

If i were to spend that kind of money, I would look for a better example.

 

I see you found it

 

Anyone who doesn't think that the grading standards have changed over the last 25 years, either:
1) has his or her head in the sand.
or
2) was born 24 years ago. And, therefore wasn't around.

Neither is that sentence.

Agreed, you posted.

If you have no idea what CAC does, then why are you posting like crazy?

 

I know exactly what they do. they defraud the public.

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