They also reproduce our coins and half of everything else we use in day-to-day life. Nothing is perfect. Which is fine, but rarely does anyone make note of the fact that many, many collectors are unable to do this with any level of competency. If all were, then there would be no reason for CAC to exist and they would not have gotten off the ground. For anyone who does not see value in this service, that is fine. It's your call, your choice, your coins, and your money, but there are so many other issues and problems in this hobby/business that it never ceases to amaze me why some will expend so much effort knocking a valid and useful service appreciated by other members of the coin community.
IMO, that is one of the most dangerous mantras in the hobby. To be successful, you need to have grading skills commensurate with those of the TPG graders. When applying that mantra to the CAC which deals with incremental grading, the word impossible comes to mind. But take solace, as a Jefferson Nickel collector, you don't have to worry about the CAC except for the varieties.
No, their service is for second opinions on graded coins. They accept graded coins and they evaluate them for themselves and decide what the grade is. Once they have done that, they compare it to the grade on the slab and decide if the coin inside the slabs deserves a sticker for the slabbed grade.
Yet again, I stand corrected. I learn something new from you guys every day. (Yes, you've been un-ignored) ...and the link from their main page is on the main navigation bar. I notice NGC has a prominent link to verify their coins too. PCGS' site has a small link near the bottom.
I don't even remember why I was on your ignore list. You will come to learn that I really like discussion and debate and think it is the cornerstone of education. Unfortunately, I debate with an east coast flare that often upsets those not from an Northeast metropolitan area. Probably why Ruben and I get along so well.
I also had you in the ignor box for 3 months over the Pf 70 argument. Then again, you have avoided ever being banded.
http://www.ebay.com/itm/1936-Boone-...92?pt=Coins_US_Individual&hash=item27c8391ed8 http://www.ebay.com/itm/1935-34-S-B...70?pt=Coins_US_Individual&hash=item2c65ae28e2 http://www.ebay.com/itm/1949-PCGS-C...95?pt=Coins_US_Individual&hash=item2ebf24641b http://www.ebay.com/itm/1949-PCGS-C...46?pt=Coins_US_Individual&hash=item2ebf4e4246 http://www.ebay.com/itm/1904-O-Morg...88?pt=Coins_US_Individual&hash=item19cda74e1c http://www.ebay.com/itm/FABULOUS-18...66?pt=Coins_US_Individual&hash=item19d192deea http://www.ebay.com/itm/1879-S-5-PC...22?pt=Coins_US_Individual&hash=item20c7037ff6 http://www.ebay.com/itm/1911-D-2-5-...47?pt=Coins_US_Individual&hash=item1e6efea387 http://www.ebay.com/itm/1834-Capped...31?pt=Coins_US_Individual&hash=item231c1fe16b
I checked out PCGS' verification system on a few coins, but only one of them came up with images of the coin. The NGC site has a section for images, but the few that I found didn't display any. Is that a different level of service, or could it be that they only recently started adding images? I would think having an image of the coin, especially a high quality image where you could see toning patterns and tiny nicks, would greatly aid in verifying the authenticity of a graded coin. Here's an alleged forgery whose serial number verifies through PCGS: http://www.flickr.com/photos/coinforgeryebay/4474508223/
For each one of those, the green sticker means CAC judged the coin to not only be appropriately graded at MS-63, but also to fall within the top 2/3rds quality of coins at MS-63.
Since the purpose of CAC requires the coin and the grade, it's really a juvenile semantics game to say that they're "grading the grade" because without the coin, they can't say whether the coin fits the top 2/3rds for that grade. The coin is graded and judged to fit the slabbed grade (top 2/3rds) or not.
It is not juvinal. No is acceptable practice and the other would be fraud in a serious financial market.
I can't see how. I'm speaking in plain English and repeat myself over and over and over. It is fraud because it is a secondary opinion, causes perpetual fraud, and the business model is dependent on warping the market in order to make a profit.