The CAC Dreck Thread

Or just refer to the "archives" rather than posting a picture with an analysis of what the problems are:

 

Log in or Sign up to hide this ad.

It is cool. However it sold for 460.00. There was a ms61 that sold for 300, and a ms62 that sold for 400. I couldnt justify the premium

 

But CAC is a fraud. It has nothing to do with the coins, but the business. You can also look that up in the archives though I doubt that if one is gullible to that you can figure out the search functions and instead need things repeated over and over and over.

UNSUBSCRIBE

 

I only own one CAC green stickered coin. Just one, so no CAC dreck here. Recently purchased from David Lawrence off eBay.
I was looking for a PCGS slabbed 1932-D quarter and a VG-10 caught my attention. I have no problems with the coin.
Quite a few slabbed 1932-D quarters in the range of G6 to VG10 have very weak letters in the motto. This one is nice and visible.

 

Well not sure I can find CAC dreck and have never seen one in hand. But if you recall I did find one on heritage that I posted before when we discussed CAC - well not really dreck but I disagreed with the grade and therefore the CAC greenbean on it. Not sure if you recall that discussion we had. I believe it would be easier for me to find non-eye appealing CAC coins than CAC coins that are dreck. Eye appeal and grade are two separate issues. In the recent cases on heritage I would say the grade is solid, but there was usually something with the eye appeal that turned me off.

As it stands I own about 10 CAC coins now and just recently sold 12 on heritage. The biggest premiums I made were not on coins with a CAC sticker - but on none CAC coins. I wonder if the CAC study tossed this auction http://coins.ha.com/c/item.zx?saleNo=1171&lotNo=7879&lotIdNo=138043 out on the non-cac coin side of things.

 

"- good for the grade according to who ? Who is doing the deciding that the coin is good for the grade ?"

For me this is an easy answer; I grade all coins as if they were raw and, if I value the coin at or greater than the level it would cost to obtain it and I want it, then I purchase it for my collection or inventory. Of course, when one purchases a coin in a PCGS holder then that coin should be good for the grade according to PCGS. Similarly, a coin in an NGC holder should be good for the grade according to NGC. As an extension of this, a coin with a CAC sticker on the holder should be good for the grade according to CAC as well as the TPG that encapsulated the coin. None of these "thumbs up"; by PCGS, NGC or CAC, will get a coin past me and into my collection if I do not like the coin myself.

The three coins that I had rejected by CAC included a proof copper with some carbonized crud along the rim where CAC thought the carbonized crud was too much, a toned silver with rather unusual toning where CAC thought the toning might be suspect and a toned silver that looked okay to me where CAC thought there might have been minor surgery done on one portion of the coin. The CAC parameters for carboninzed crud on copper and unusual toning on silver were a slight bit different than mine while the CAC decision of minor surgery on one coin was a complete surprise. Conversely, those CAC green sticker coins that I had seen on the bourse and did not like were coins that had skin a bit too thin and color a bit too light for their level of circulation and their age while the gold sticker CAC coin that I thought should have been rejected outright was a hairlined classic proof with a low proof grade that CAC thought deserved a higher grade and I thought should have been rejected as cleaned since the hairlines were too pronounced, in my opinion.

Regardless, this is all okay since I am not forced to purchase a coin with a CAC sticker if I do not like the eye appeal, originality, grade or price just as I am not forced to purchase a coin encapsulated by PCGS or NGC for the same reasons or to purchase a raw coin that falls short of my standards of value.

 

Doug, I already addressed this in one of my previous threads. As long as the poster believes the coin is good for the grade, they have followed the rule of the thread. If they are a plastic collector who doesn't really know, there is a chance that they will unknowingly post a CAC Dreck It is all good, I just want to see some CAC coins, discuss their merits, and see the individual experience each Cointalk member has with CAC. It is my experience that the loudest critics of the CAC have little to no experience with CAC coins including both ownership and submissions.

 

Uh, I must have misunderstood the intent of your post as I did not take it as an agreement of my position on the issue. To me, it looked like an attempt to derail the thread in it's infancy. However, I will admit that part of my enjoyment of online forums is debating people with opposing views. I want to stress that I wasn't trying to make a disagreement, I thought we already were. Sorry if I was wrong about that.

 

Here - here. I second this opinion. One of the reasons I don't buy from dealers without pictures. I must admit, the one time I bought from a dealer without pictures, she did good. I thought I paid a little high, but it sold for a profit for me on heritage. Maybe the person planned on resubmitting the coin - another non-cac coin. While I still consider myself a rookie at grading I do know what I like in eye appeal and strike.

 

To tell you the truth, I can't believe this thread is still here. Although, not for any of the reasons you suggest. I just don't know what Paul's trying to prove that's so mysterious it would evoke all these replies. Sure CAC stickers coins from time to time that some of us may believe aren't "good" by our eyes. How's that full of news? The TPGs do it, too. That's the reason CAC's here.

The digressions have been, um, interesting, though. But, shan't get into that...

 

Well, they start out with graded coins. Does that not give them a bit a chance to not be misgraded?

Mandy

 

Eehhh not in my area of interest... But I'm not gonna bash what you collect...

 

im curious, do you collect coins or just deal? that would seem hard to do. if so what do you collect?

 

Both. I'm actually working on a PCGS graded 20th century type set at the moment. I also collect obverse die caps.

 

He's too modest. He's a heck of a dealer (and collector) and completely trustworthy, knowledgeable and forthright in his dealings. If the occasion arises to do business with this gentleman, by no means hesitate.......

 

This one is in a PCGS MS 66 CAC slab. With the fused hairstrands above the ear, should it have CAC'd? Is the strike on the weak side for a 66? I don't really care as I love the coin. The surfaces are super clean and I like the rim toning. To comply with the rules and regulations of the thread I own 3 CAC coins including this one, I have never sent any to the sticker mill personally. Sorry, no reverse pic. It is a 1898 O.

 

Is the coin an 1898 or 1898-O?

 

1898-o.