Does CAC hurt prices of non stickered coins?

http://www.coinweek.com/coin-grading/new-market-trends-emerge-from-changes-in-coin-grading/

This is a old article, but the writer states non stickered coin prices may shrink. Do you agree or disagree, has it hurt the market

 

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GROAN!!!! Didn't even last one day, let alone a week...lol

 

well, im curious if the trend will be stickered coins or + grades will become the standard and not the exception

 

+ grades have always been the exception. They are awarded to coins high in grade, but not quite high enough to make the next grade.

 

I didn't read the linked article, but I believe if you have a collection comprised nearly exclusively of CAC stickered coins then the coins that do not have a CAC sticker may be viewed with suspicion and thus hurt their liquidity and/or price.

 

That sounds like a personal problem.

 

so non stickered coins would be view as lesser quality

 

I think Tom's sentiment is true. For those of us who aren't religious about CAC beans, we don't care one way or another whether our coins have the little shiny sticker on them. BUT, if someone were liquidating their entire collection, and 80-90% of that collection had CAC stickers, one would almost immediately jump to the conclusion that they likely attempted to submit all of their coins, and those without the CAC bean didn't pass muster.

There are a couple people I know who post here (and on several other boards) who are stubborn to the point of almost laughability about every coin in their collection needing the green bean. When one of those posters has a coin for sale that is not green beaned, it makes me suspicious of its quality. Not because it doesn't have a CAC bean -- but rather, because it comes from the collection of Person X and doesn't have a CAC bean. It's almost guaranteed that the coin made the trip to CAC, but came back bean-less.

 

I'm fast coming to grips with the fact that a green bean designation will be used to squeeze every last penny out of what it is I purchase. I'm now told (article/link) that I have to submit my 'gems' to CAC lest they sell for less when the time comes to liquidate. A few years ago I was told that in order to maximize my return on what I wanted to sell I needed to have the coin encapsulated by one of the major grading services. Now I'm being told I need to add 'the bean' to maximize return. What the devil next?

 

I won't pay anything extra to get a CAC coin.

 

IMO, CAC was established so that quality coins would no longer be held back by the lower end coins in a certain grade. The way the price guides are set up, IMO, is more like an average price for the mid-level coin in a specific grade. For decades, coin purchases have been based off of these "averages" and the prices have been dragged down by lowerend coins. Now with CAC certifying high end coins for the grade, buyers are able to feel confident in the coins they are buying and are willing to pay high end money for high end coins. While I think the prices for non-stickered coins might go down a tiny bit, I believe that the current prices will stand for average coins.

 

Finally, a nice insight on the issue provides us with some sanity.

 

isnt that what the + grades and * grades are for

 

* grades have nothing to do with grade, only eye appeal. Thats a whole different issue seperate from CAC.

+ grades are similar, but are still the grading services opinion, which can be wrong. (I am not saying grading services are unreliable or that CAC is fool proof, so please don't interpret this as this. I am just giving my opinion of the difference.)

 

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The star (*) designation has nothing to do with the grade of the coin, it simply means the coin has exceptional eye appeal. In fact, many of the rainbow toned coins sporting the * designation are bumped up in grade due to their eye appeal and are overgraded in the eyes of many. The + designation is designed to recognize premium quality coins for the assigned grade, but we should not forget that the CAC pre-dated the + designation by both TPG's.

 

Quality coins are in the eye of the beholder. I don't need a green bean to tell me what I'm seeing.......

 

I'd like to echo some of this post and state that while my collection is essentially 100% CAC stickered (for those coins eligible for a CAC sticker) that it was all done so for free when CAC offered 20-coin evaluations at the CoinFest show over the course of several years. Since then, if I send coins in for clients and have a coin or two of my own to add, I do so to help defray the cost of postage to my clients. Therefore, even though 90%+ of the coins in my collection were purchased before the advent of CAC, they still all have the little bean.

As per my inventory, I would estimate that 75% of the coins that could go to CAC have a sticker on them, but again this was done by my clients prior to my obtaining the coins. The point that ties this together is that there have been folks who have asked me why a particular coin in my inventory failed the CAC evaluation because it lacked a sticker. In those cases I simply explain to folks that the coins have not been sent to CAC and that any coin with a CAC sticker on it in my inventory came to me that way.

 

Good point Tom. I hate having to 'second guess' things. It goes hand and hand with splitting hairs.........

 

No.

What Tom said was they may be viewed with suspicion, regarding authenticity, and you won't be offered a FMV price because it lacks approval from the sticker company.

Evidence of this, take a slabbed 1880 Morgan(either TPG) and a raw 1880 Morgan. The trend is the slabbed will sell quicker than the raw one, and for a FMV price, wherein the raw one you may be offered only melt, even though it's uncirculated.

Some people even believe that if a coin had been graded and slabbed by one of the top two TPGs, then cracked out and placed in an album or 2x2, it no longer holds the grade opinion of the TPG, and as such they lowball the offer, usually melt -$2.