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

Me like 'em Buffalo............:thumb:

 

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All that needs to be said is on the CAC FAQ (http://www.caccoin.com/faqs/):

 

A misconception in those generic FAQs.

The use of the term "accurate" is by no means a proven fact of the TPGs opinion of grade.

 

My main comments Paul is you are correct of course there are high and low end within a grade. However, trying to say there are people who can identify a 64.9 versus 65.1 is giving WAY too much precision to the process. I can go to any coin show and find 10 coins in under an hour that are severely overgraded in a major slab. Easily. If there are so many overgraded TPG slabs out there, is it REALLY that easy to identify 2 coins by such tiny measures? Evidently even the professionals cannot get within a whole grade all of the time. Since all coins are unique, I don't think its as simple as you are leading everyone to believe.

Having said that, collect whatever. IDC what people collect. I actually do think CAC certifies nice looking coins mainly.

One small point. If you are objecting so strongly to the term "green bean" as derisive towards CAC coins, I will promise to never use it as long as others, (including yourself), promise to never call a coin not in a slab "raw". I would argue calling a coin "raw" is even more derisive, since it implies it is unfinished, or not prepared to be collected yet.

 

It's not "64.9 vs 65.1", but rather "64.1 vs 64.9".

 

I was referencing Paul's post, and in it in the first paragraph he used "64.9 vs 65.1". That is why I used that.

I understand your point about CAC recognizing a 64.5 and up versus the 64.1's, my point was I can go to a show, (and people post some here), that most experts would label a 63 and its in a 65. If that is true, why so much argument over a .2 point difference, (plus the fact that every coin is unique adding to the issue).

Again, just asking. I really don't care what people prefer to collect, but would wish others would give the same respect.

 

CAC is simply trying to do the same thing as the "+" designation from PCGS & NGC. Ideally, they should be redundant and identical. In practice, they're not of course, just as the same TPG will return different results on clean resubmissions. Humans are fallible and inconsistent, who knew.

 

It's an absolute miracle any of us were able to collect coins before all this came along. We must have been ignorant,blind, fools who didn't know anything about grades and quality and what we should want. Thank god these folks came along and saved our bacon by telling us whats what.
Guy

 

Ideally, in-hand analysis should produce the same buying price for a coin whether it has a slab/sticker/post-it note or nothing. Online purchases and novice buyers or buyers unconfident in their abilities lead to some people looking for a little extra assurance.

 

I agree with that, and to be fair, before the TPC's and CAC there was no online buying venue which meant most purchases were made sight seen. While times may change, I suppose some of us like to collect the old fashioned way. The reward for some isn't in the grade game or the profitable flip. I guess for every million collectors there are a million ways to collect.
Guy

 

For every coin I purchase at a coin show, I purchase 10 via the internet.

On those 10 coins, a grade and a sticker give me confidence to order the coin on approval. More confidence than a picture and a written description from the seller would give me.

Once I have the coin in hand, like most collectors I use my own two eyes to assess the coin and decide from there, but before it gets to me the slab grade and the presence of a CAC sticker both give me more confidence -- particularly when dealing with a seller with whom I've had no or little interaction.

They also add liquidity -- as anyone who has tried to sell expensive raw coins (with the possible exception of copper/EAC) can surely attest to.

Back to the topic of this thread:

A CAC coin:




A coin denied the CAC sticker, but one I still think is an attractive and desirable coin:

 

Gorgeous Barber Leadfoot!!!!

 

Thank you, sir.

 

I agree with Leadfoot. Aside from his magnificent Barber, the wisdom of internet buying and CAC is a good match--you can be assured that the quality that you're getting matches what you are likely looking at. I buy a lot of internet coins, and certification and CAC means a lot to me for that reason.

 

Chris, my point is that nobody can differentiate between a 64.9 and 65.1. They are so close in quality that on some days the coin will be deemed a 64 and other days a 65, and on both days the assigned grade is correct. That is the inherent subjectivity in coin grading and the major cause of gradeflation.

I don't object to the term green bean but in my experience, it is almost always used by critics of the CAC in an attempt to trivialize the service provided by the CAC. It occurs to me that in the other thread that was closed yesterday, Mandy twice stated that she would hire an independent expert before buying an expensive coin. She made this statement while bashing the CAC. I find that ironic since that is exactly what the CAC service provides. For a very small fee ($10) you get an independent opinion of the assigned grade by one of the most knowledgeable people in numismatics. Furthermore, his opinion is documented, permanent, and carries a grade guarantee.

Honestly Chris, your objection to the CAC is really the only one that has merit in my opinion since you object to the need for grading all together. I don't understand how someone can support TPG grading and not support the CAC. The argument that the CAC's business model is designed to force collectors to question the validity of the assigned TPG grades is ludicrous. It is that loss of confidence created by gradeflation that opened the door for the CAC to exist in the first place.

 

Especially since there are no collectors/dealers who can see the difference between a 69 and a 70, including the person you replied to.

 

If you can do that Doug, I tip my hat to you as I would think you are part of a small percentage who could see the difference between the two.

Admittedly, I know I could not.

In regards to the rest of your post, I think it's ridiculous to even try and chew the grade that fine, as to do so would really fall under the title of marketing fluff.

 

Wow, you must have amazing eyesight! Seriously, even with my reading glasses, loupe, and intense study, I could not tell the difference.