CAC stickers don't bring premiums ?

http://www.coinweek.com/coin-grading/comprehensive-market-study-reveals-cac-price-premiums/

 

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CAC sticker is a waste of Money to the real coin collectors. Why wasted money on that little green sticker? Don't you ever trust your slab on your coin? Most old fashion collectors do not need TPG especially the very rich and wealthy family they do not needed slab. They love to feel it and touched all the surface of the coins then smell it....Oh yeah. Most of them they keep it raw..IMHO..

 

Its interesting since I was just reading CAC's ad in the ANA magazine last night. In it, they made a huge case that CAC stickers DON'T add any premium, they only allow you to easily spot well graded coins.

I wonder if John is concerned that CAC is working too well, and driving up costs of CAC stickered coins that he deals in.

 

It may burn a lot of people's hides, but I believe people who purposely look for ways to increase the value of coins for no other reason than pure greed are destroying the very hobby they once probably enjoyed just for the simple joys of it. Thats too bad.
Guy

 

Redwin, all CAC is is an endorsement, a "seal of approval," if you will, and there's a segment of the market that gets off on that.

 

Oh, yeah, I'm sure he'd think that's just terrible...

 

If he makes a mistake, he buys it back. If the "price" of a slab with a CAC sticker is higher than a simple slab, he has to pay out even MORE money.

That is what I was referring to.

 

I really understand that an endorsement of approval to make more Money of it..the real things coin collectors buy coin in reality they do not care about plastic holder. Now for those BUY & SELL people they need that sticker to convinced all the No knowledge investor. (.BUY THIS ONE BECAUSE IT IS CAC STICKER YOU CAN RE SALE IT MORE, TO OTHER NO BRAIN COLLECTORS....Lol. No offense just my honest opinion.. And I do not collect really CAC Sticker I rather collect bottle cap of water when it comes to recycle this is more valuable than CAC sticker...lol

 

Think it out. What kind of "mistake?" It's not "good for the grade?" It's not deserving of his endorsement? Please don't tell me he's going to incur liability because it's "AT" when he let it go as "NT." Please don't go there.

Maybe it's a "puttied" coin, it turned in the slab? I can see that, I guess, but how remote is that? What else?

 

we aim to please

 

I really don't see any argument here at all. CAC only stickers coins that are solid for the grade or higher. The question is not why people pay more for the CAC coins, but why would anybody pay the same amount of money for a coin with less eye appeal and is in the bottom third of the grade.

 

How about its a coin he stickered as being well graded 65 but buyers notice it and the general consensus is its a 64 or lower. To preserve the idea that CAC HELPS, its actually worthwhile to look for CAC stickers, CAC then needs to buy back the slab that they stickered and take it off the market as a CAC bean. TPG have done this as well, to try to garner the appearance they don't make mistakes.

Btw, I encourage people with the Numismatists to check out the ad. Like I said, it was curious enough for me to read the entire one page ad, and normally I would never wish to read a full page ad from a firm like that. The timing of that is just curious vis a vie Ruben's article he linked.

 

What cracks me up is that many of the same people who bash the CAC also whine about gradeflation and a loosening of standards by the TPG's.

 

Oh Yeah, Let's go back to life before TPG's. I remember those good ol' days. Every coin I bought, the dealer told me was MS 64, but every coin I sold, he told me it was an AU58 slider.

No Thank You,

I like my coins in plastic, perferably with a green bean on it.

Mike

 

And I love how those who pine for the good ole days prior to the TPG's completely ignore this fact.

 

I remember those days. Yes, beginners had to actually LEARN how to grade, LEARN the dealers and which onese were fair and which ones were swindlers, and LEARN about coins.

I know, its just a lot easier to let someone else think and just enjoy the pretty view of coins through plastic. You can never touch it, but at least you avoided having to try to think.

Collecting TPG coins is a lot like competing in the special olympics, yes you get to compete but not quite at the same level as those who are fully functioning. Short bus coin collecting as it were.

I through those last couple of lines in just for you Paul, I figured you needed to get your blood boiling this morning.

Seriously, yes TPG have done a lot of good weeding out bad coins from the hobby. I have said time and again, if they didn't attempt to grade coins, or at least use an impartial third parties grading system and measured their accuracy against that, I wouldn't be so against slabs. I recommend them all of the time for coins like 16d, 14d cents, 32d quarters and the like.

 

One thing has not changed since the inception of the TPG's. Those with grading skills and numismatic knowledge are still in a much better position financially. What has changed is that the newbies to the hobby don't get fleeced at every turn. You can call it training wheels, short bus, special olympics or whatever you want. But don't fool yourself into believing that those same uniformed collectors didn't exist prior to the inception of the TPG's. I mean really, are you going to blame the TPG's for collector laziness.

 

When it exists, they should check the auction results of the same coins prior to their being CAC'ed. Is it possible that the CAC'ed coins would get a higher price anyway?

 

What are they going to do to determine that, take a survey? In the meantime, CAC says it's good at 65, and so does the TPG.

Right. Marketing. That's all that is. That's their business to determine how they want to market the idea that they're of any use to anybody. They want to buy back their slabs every now and then in an effort to reinforce that idea, good for them. It's marketing strategy, that's all it is.

PS: And take notice of where I just gave you a "Like." We're closer than one might think...