National Remove your CAC sticker Month

I read your entire post #66.

You stated in post #56, that CAC is not verifying. Yet what you copied and pasted in post #66, states just that, "We verify previously graded coins..."

With regards to the statement from CAC's site, "low end for their grade", by whose opinion would that be? Sounds like collectors and dealers who disagree with the TPG's grade opinion, and feel it's on the low end.

What CAC does, according to their website, which I copied and pasted from, is "

Verified. Your coin has been verified as meeting the standard for strict quality within its grade."

A no sticker means CAC believes the coin does not meet the standard of strict quality within it's grade.

Translation, they disagree with the TPG's opinion on grade.

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BTW, no one called you an idiot either so I don't know where you pulled that from.

 

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1. It's totally possible to have gotten a CAC sticker for the purpose of liquidity and to be proud of it.
2. The "favorite CAC" thread was started after, in a response, to Ruben's "remove the CAC sticker" thread.
3. The suggestion to remove the sticker strikes some as absurd because there is no benefit to removing it, only a benefit to leaving it. And that benefit is strictly for resale time. People are free to do what they want, remove them, avoid any coin with them, crack out all slabbed coins they own. But, like you said, if you're going to remove the sticker, you might as well take it out of the slab too.

 

Read the OPs post that I quoted in the question.

He stated he doesn't give a crap about a bean.

Yet he spends $10 a coin for CAC's opinion.

 

Oh come on. They're clearly talking about a "higher" standard, not the TPG's standard.

http://www.caccoin.com/faqs/

 

You read it, he says he'll be happy he spent the $10 when it comes time to sell.

 

The benefits are nothing more than increase asking prices for a coin because it's in a particular TPG holder, and has a green bean on it.

Collecting, to many, is not all about flipping, and reselling for maximizing profits.

 

I did read it.

And my question to him was directed to the quoted portion of his post.

 

You quoted something I didn't say. What was your question?

 

It doesn't even have to be increased "asking" price, it could be an auction that starts at $0.99 with no reserve. It's simply something that increases liquidity, especially on remote sales and to people who feel more confident with the second opinion. Collectors are free to spend more for that if they want. People who want to sell are free to invest the amount for the above-mentioned market benefit if they want. Collectors are free to ignore the beans or avoid them altogether if they want.

 

I know exactly what they're talking about.

Again, I ask you, whose standard? I stated clearly, it would have to be the standard of the collectors and dealers disagreeing with the TPG's opinion.

 

I cant believe this needs to be re-hashed over again that there are nicer coins within the same grade. CAC will not put a sticker on an ugly or low for the grade coin. If it meets or is high end for the grade, it gets one. If they think its so good for the grade that its undergraded, it gets the gold sticker. I have never seen one of those in real life yet so Im guessing they dont need to be given out very often. Meaning the tpgs must usually do a decent job.
David Bowers wrote about these sub grades within grades years ago. They are just implementing it now. Grading used to be very crude. Which means too much lumped into a high grade and people likely over paid in the past.

Now that grading is becoming more refined, it should actually SAVE people money. Instead of paying ms65 money for any shiny, decent conditon Morgan, there are options now. Which save you money. Even if it is a CAC stickered MS-62. But people expect everything to be cheaper nowadays so they dont even realize its saving them money compared to the past systems. People only look at whats been in place for the past few years and base all their opinion on that.

 

??? Confused...


http://www.cointalk.com/t207249-5/#post1454061

http://www.cointalk.com/t207249-5/#post1454067

 

True, but the sticker does bring a substantial increase in the coin price which far exceeds liquidity issues. If you put something with a quality auction house like Heritage or Stacks (or Chrsties), it will very likely sell.

The issue for the sticker is 100% about price, not liquidity.

Yeah that point of humor was totally lost in the flame war.

It is no more absurd then everyone who removes a cac sticker to meet at the Lincoln memorial for a weenie roast and protest on the 4th of July. It is what it is.

Mandy

 

Are you serious? It's right there in their FAQ - They're not disagreeing with the TPG opinion. They state that clearly, directly. And the opinion is of CAC, John Albanese primarily.

 

You are correct, and my coins are not for sell....yet.

I will sell one day, I'm sure not gonna let the family sell 'em when I'm history.

 

The issue is liquidity to reach the maximal value. Most likely becoming a semantics issue if you believe it's an increase in value, and others believe it's a realization of maximum/appropriate value to a wider range of buyers.

 

Dude, I said, collectors and dealer's​, not CAC, disagreeing with the TPG's opinion.

 

Can't blame you there.

But I asked why bother spending $10 if you don't give a crap about the green beans, out of curiosity really.

But why bother?

 

No. i would avoid an over priced coin because of a CAC sticker and not search out those coins. If I happen to see one properly priced and of quality I want, I would have no reservation about buying it.

The TPG means something to me. The sticker is completely useless, IMO.

Ultimately, grading and authentication is the responsibility of the purchaser. If it was a $50,000, i wouldn't care about the slab, or sticker. I'd hire someone to evaluate the coin. I probably have such people on the staff here, but that is a unique resource.

Mandy

 

Well its been fun but some folks just don't get it and never will until they take the blinders off.

I'll be submitting to PCGS and CAC. You do as you like and I promise... and this is the most important part...I will NOT rip your choices.