Thread for people who like CAC coins--post some!

I don't own any CAC coins, though I'm not opposed to owning any if the price and the coin are good.

Perhaps my 21 Morgan might as there is a quite low number of "Star" designation graded coins.

 

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Regarding the CAC designation: As I see it, we live in a free country, with a free market. Buyers and sellers set prices by mutual interaction with each other, in the act of a sale/purchase. If one doesn't wish to purchase the item for sale, they have the right not to do it, and purchase alternatively. However, if one doesn't like the service, they have the ultimate redress--DON'T BUY. If ya don't like CAC coins, or TPG coins (as some on this forum do not), show your feelings in the marketplace. I like CAC coins, and also tend to like PCGS coins as first preference. Does that make me a "stupid buyer?" No, it means that I have exercised "buyer's choice," and the sellers and I have had a meeting of the minds. To view it any other way is awfully silly, as one has the option not to purchase.

 

Thank you very much.....I don't have many, only 48.

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You know what, that is cool and i pat you on your back!

 

Don't lower yourself to that level.

Same for you Merc

 

I see a whole bunch of posts just got nuked, so I'll say it again... Quality over quantity man. That's something I need to work on, haha.

 

I do not disagree, but you have to admit sir that many here also have a condescneding attitude to non-slabbed coins as inferior quality due to not being in a slab. It cuts both ways.

I know you are referring to me in your post, and that is fine, (though I am not sure you know the whole story), but many more here bad mouth non-slabbed coins than question slabbing.

 

I hear you. To me quality versus quantity argument occurs at various levels of collecting. If you are serious about a small population you wish to collect, then absolutely collect the best you can find. However, I won't tell someone with a limited budget they cannot collect a 19th century type set just because they cannot afford BU examples.

The prime consideration of quality versus quantity is quality "of what you can afford". Too many take it as an absolute, but if you only have $30 to spend, nothing in the world is wrong with a VG SL half.

 

To help get this thread back on track, here's another CAC coin:




And a coin that did not get CAC approval, but I still think is a great coin:

 

Originally Posted by Collect89
The answer is no. I just checked my January 6 2012 CDN and looked-up the BID and the ASK price. I paid $5 over the January 6, 2012 BID price at the Fun show. That equates to $55 below the CDN ASK price.

The man that deserves the pat-on-the-back is Ed Hipps & his son Lance Hipps. They are the coin dealers that bought & subsequently sold the coin to me for a fair price. I highly recommend visiting the Hipps booth at the major coin shows.

 

+1

Well said :thumb:

 

Here's the only one I have. When I saw the shiny green CAC sticker I couldn't resist. It's the ONLY reason I would buy this coin. I was so star struck by it I think I sent the seller a $50 tip just for selling it to me.

Then I photographed it (the sticker) under various lighting to see what would bring out it's holographic properties best. Then I placed thick,non-pvc, UV protective plastic over the sticker to protect it and stashed it away in a cool dark place.

Now I dream about CAC stickers. I need to find another one soon!

 

Vess - that is one sweet frosty morgan. Great pickup. Then again I believe I could of picked that one myself with or without a cac sticker.

 

I was not specifically referring to you with the "stupid buyer" post, as we discussed in a previous thread. I was merely pointing out that I honestly believe that for most reasonable buyers, the market of buyers and sellers MUTUALLY set prices, and premiums for items. If there is no demand for items, prices obviously drop, and conversely, if there is intense demand, they rise. That, obviously, is our system, and it is no different with the sale of coins--either raw, slabbed, or from the US Mint in sealed packaging. I don't condescend to raw coin buyers--occasionally, I even buy some myself, and always have. Then again, I am an experienced collector, and have no trouble 'cherry picking.' For others, it can be extremely risky--especially with the purchase of older coins, when cleaning was oft times the custom, and mistreatment the rule for some coins.

People are, of course, free to buy whatever they like. I say, "if you like it, buy it." If you don't like something, whether it be raw Indian Cents, or Slabbed Seated Liberty proofs, you are not going to buy it, under any circumstances. Like it, you will buy it, if it is affordable.

 

Wow! That Elgin is freakin' to die for.........

 

Not disagreeing. I am just referring to the oft quoted advice if someone posts a nice uncertified coin, "Wow, you should get that slabbed". That is basically saying its a nice coin, but as nice as it could be if slabbed, right?

We basically agree man. I am just saying both sides are at fault.

Btw, I agree with you Green, than is a nice Elgin Paul posted, huh?

 

I, unfortunately, don't own any CAC stickered coins yet. Can I get a group hug for my pain?

 

I really think that some people on this forum don't understand the reason for the emergence of the CAC. It really makes no difference whether you subscribe to the theory that grading standards have changed or you believe simply in the inherent subjectivity of grading, the fact is that gradeflation is very real. If you look at grading using decimals, it is easy to see how the same coin can achieve a different grade on different submissions and BOTH GRADES BE CORRECT. Most collectors have a tough time differentiating an MS64.5 from and MS65.5. Imagine the difficulty in trying to differentiate an MS64.9 from and MS65.1. They are essentially the same coin and sometimes they will grade MS64, other times MS65.

Since higher graded coins carry higher prices, the crackout artists have been diligently applied their craft and sent all of these MS6X.8's & MS6X.9's to the TPG for regrading. The eventual result was the decrease in PQ coins and an increase in the number of low end coins for the assigned grade: GRADEFLATION! Now for all of the people who blame the CAC for higher prices, what happens to the value of a coin with a certain grade when the population in that grade increases? If the increase is negligible probably nothing. But when the population increases by 10%, 25%, or 50% the price will drop causing an erosion of the value of all of the coins in that grade.

This is where the CAC comes into play. JA recognized this and created the CAC to essentially separate the wheat from the chaff. Does the CAC increase the value of a coin or does it restore it's original value before the effects of gradeflation? The idea of incremental grading is not new and experienced collectors know that coins of a particular grade are not all created equal. In order to criticize the CAC, one would necessarily have to refute the validity of incremental grading.

So here is how I look at it. There are two groups of collectors. First are those who have the requisite grading skills to differentiate coins that are low end and high end for the assigned grade. These collectors would naturally seek to obtain coins that are high end for the assigned grade and their collections are probably full of PQ coins that have suffered in value over the years due to the effects of gradeflation. I submit that these collectors would welcome the CAC with open arms to restore the value of their solid for the grade and PQ coins. The second group are those who don't know how to grade. Before the inception of the CAC, these collectors armed with nothing but money were destined to end up with low end coins for the assigned grade. Logic would dictate that these collectors would also welcome the CAC since it provides and avenue to obtain great coins with little or no knowledge.

Calling the CAC a scam, trivializing it by calling the stickers "green beans", and blaming the CAC for increasing coin prices are all the product of ignorance about the rare coin market.

 

Indeed.

Here are two more coins. Both PCGS VF 25.

First, one that CAC liked:




Second, one that they didn't, but I still do:




The point of my last two posts is this: A coin can still be desirable and appealing, yet not deserving of a CAC bean. Said another way, just because a coins is low-end for the grade doesn't make it a bad coin. If anything, it just means the relative price needs to be considered when buying and selling.

 

I only have 3 ...2 Green & 1 Gold
WOW How did I Forget This one!!! So make that 4 CAC 3 Green & 1 Gold