CAC stickers don't bring premiums ?

That was a general statement and not implying every collector is lazy, but rather that most are too lazy to put the effort into learning about coins, and grading them; as you and others have, and would rather take what's on the label as being the way it is.

As Doug stated, they're plastic buyers, not coin buyers.

 

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IMHO, most attitudes on this and other subjects are rooted
in low self esteem and the need to feel superior to others.

 

I think the topic keeps being brought up by a couple of individuals selectively, who want to keep fanning the flames. Whether it is low self-esteem and the need to feel superior, or just having nothing but argumentativeness to post is not clear cut.

I will add my usual admonition to the topic--if one doesn't like TPGS or CAC, DO NOT use the service, and stop bugging others constantly about the same darn topic.

 

So I will wait more color coming from CAC stickers Like Yellow, Red, Orange, Purple,& GOLD Sticker..and wait how much more will ADD to a value of a sticker on a plastic holder that you can nott even trust their grading standard..So CAC sticker look like represent as QUALITY CONTROL of TPG.....I hate Green Colors on my Plastic Holder. I think I will love the GOLD COLORs...lol
If the green sticker brings a premium, then the only conclusion is that the sticker has its own value.

 

I disagree.

Mrbrklyn posted a link, and a quote from the article, which appeared on coinweek.com this week concerning this topic.

I don't see it as argumentative at all, but rather an attempt to discuss the merits of that article by the forum here at CT.

So I would suggest this:

There are both sides to this discussion, pro and con, and which ever side any of us take on this subject, we are entitled to our opinions, much as the TPGs and CAC are entitled to theirs.

So let's keep it civil, and debate the issues, and not degenerate this thread into name calling, and fighting, as that will lead to yet another thread being closed by the mods.

 

:thumb::thumb:

How much you gonna sell it? I LOVE IT! You have Now my FIVE STARS RATING! *****

 

Amanda you are really starting to flail here

Amazing, you solved an equation and came up with CAC=$500
A third grader could have done that. That was ALL that was done, CAC was solved for. You can draw no conclusions at all from this equation as to where the $500 came from. It does not support your point, it does not support my point, It does not support any point. It does nothing, NADA Zilch Zero.

Now for your second statement. Of course it is necessary for the "CAC Service" to add a Premium. You see, you got it right. You chose the correct words and you are correct. It is the Service that selects the premium coins. The coin community TRUSTS this SERVICE because of their history and track record and are confident they will be getting a premium coin because of the SERVICE that CAC provided. The public wants premium coins and will pay more for them. Who would have guessed that. So you see, no one is paying $500 dollars for a green sticker. The sticker only represents a superior coin that was identified by the CAC Service. The public is paying for superior coins, not stickers. This is not semantics. I can honestly tell you, that I have no need for a green sticker, but I do like superior coins and those coins have green beans on them.

I am not sure what type of coinage you collect. I am only familar with your wildlife coins, and if that is your cup of tea, you probably don't have a need for CAC as for you, they would not provide much in the way of value, but see they bigger picture. For the folks collecting 4 digit numismatic coins, the benefits are huge. Tunnel vision is the bigggest problem on this board, we all need to take of our blinders.

Since you enjoy using logic so much.
For me to prove that CAC represents value, I only need to show that in one example, since my statement, is not that it always represents value just that it provide some value.

For you to prove CAC represents no value, your burden of proof is much higher. You need to show in ALL cases that no value is added.

Mike

 

i was under the impresion that a cac sticker means that they agree the grade is accurate, not that it has superior eye appeal.

 

Hi Doug,

We are in total agreement. I was just try to show Chris that his comment did not apply to ALL. I especially like the part you said about not so many people standing with me on my side of the mountain Yup it gets pretty lonely here sometimes. I only have a handful of coins, I do not chase sets, no Dansco's to fill, no chasing key dates, no themes, no organization to my collections at all. Just coins I like. Always looking to buy, always looking to sell. There are just not that many collector's that do it the way I do. I always was a square peg

Cheers,
Mike

 

Solid for the grade or better. Coins in the bottom third of the grade will not get stickered. Nothing official about eye appeal, but the reality is generally these coins do have better eye appeal than the coins in the bottom third, but technically you are corrct.

 

On the contrary, you are not alone on the mountain. Almost every advanced collector that I have interacted with demands that their coins be certified by either PCGS or NGC and many prefer that high value coins have CAC certification. Chris is the one who is alone on the mountain. He spends up to $10K per month on coins and considers it completely disposable money. He has no intention of selling his coins and is a self proclaimed hoarder. It is nice to be wealthy enough to have a hundreds of thousands of dollars spent on coins that is viewed as a hobby expense but I promise you that is not the norm.

The decision to demand TPG certification and prefer CAC certification for coins is born of financial prudence. Anyone who has ever tried to sell a raw coin collection has probably learned this lesson the hard way. However, TPG certification is not enough on it's own. Those "lazy" collectors that don't learn how to grade are indeed plastic collectors. They are destined to purchase the dreck, or as CAC would call them, "C" coins for the grade. Since they don't know any better, they will buy the coin at what they think is a decent price only to find that they have to take a significant loss at the time of sale because they are told the coin is not good for the grade. I can't tell you how many times someone posts a NEWP with a purchase price below wholesale with a photo that shows a very optimistically graded coin. Most of the best coins in my collection were purchased at a significant premium to the price guides and I am not just talking about the rainbow toned coins.

Some people on this forum associate anyone who supports the TPG's or CAC as plastic collectors. I guess they just can't fathom that a collector with decent grading skills would still demand the security and liquidity provided by the TPG's and CAC.

 

Thank you for summing it up so accurately and cogently. Collectors who use TPG and 4th party endorsements are not looking to test or abrogate their grading skills--they are vindicating large purchases (or repeated purchases of pricey coin series) as being both authentic, and appropriately graded.Coin collecting isn't a game--it is a very pricey and time consuming hobby for the serious collector. It isn't because they need some infantile grading test to see if they are "worthy" of cherrypicking a raw gem out of the garbage box--it is for providing the assurance that the purchases they make will hold their value, and in many cases, increase in value. It isn't about grading expertise--it is about value of money spent for a collection.

 

I think my post was was worded a bit incorectly. I was refering to a collector as myself, who does not focus on any particular series or even a type set. I just buy quality coins coins I like and it is rare that I have no specialty series or direction. Most folks also do not have have a collection as small as mine (40 coins give or take) That is why I said it is lonely on my side of the mountain.

I realize that there are many seasoned collectors who instist on TPG coins. As you said, if you are trying to sell coins, you will quickly understand that point. So I do not feel "lonely"' in that requard. As I said in an earlier, post, I move coins in and out of my collection, I do this as part of my hobby to keep my collection fresh with new and upgraded pieces, not to make a buck. Since I actually do like money though, I do not like losing money on a coin, so, to keep loss at a bare minumum or possible make a few bucks, the path is clear. "Buy premium Coins wrapped in plastic, perferably with a green bean". Look for good deals, NOT cheap prices. The two rarely go hand in hand.

Quality never goes out of style.

Mike

 

Why? It is a flawed study in a lot of ways. Simply put they used Heritage major auctions only, threw out years, assumed all coins at a grade are equal, etc. So I do not consider it comprehensive. Nice information, but not comprehensive.

As it - 4 or 5 pages of posts and those that like CAC still like CAC and those that don't still don't like CAC. Same old arguments over and over to the point it is boring. And I do not remember one post about the study itself(of course I may have missed one while I was nodding off reading the thread) - all about why CAC is good or bad.

 

Hope you will be satisfied on your green bean sticker. What about Secured Plus w/ sticker of gold sticker or purple or red or yellow or orange color coming soon in the Future? I am pretty sure you will not going to like the green beans sticker and you will jump again to upgrade that colors..Just the way I look at it.
Have a great day.

 

Wow, the places an imagination can go.

 

I am positive your 11 cent piece could fetch 11 Mil, IF it had a green bean. :devil:

 

I didn't argue that CAC stickers have no value.

 

Not according to the study but if you can present a survey of evidence to substantiate that hypothesis then it will be considered.

Mandy