How can they CAC a coin with no eye appeal?

Aw, that's a burn...

 

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If you read through this thread, from start to finish, one thing stands out glaringly to me. First, among those who have posted here there is a great amount of knowledge and wisdom. And yet, there doesn't seem to be any consensus as to what the green label means. Second opinion, more accurate grading, acknowledgment that a proper grade has been rendered, payment for a better grade, unreasonable/unnecessary additional expense?

It appears to me that there is not a single definition for these services. Because there may be a difference within a grading, say low MS65, mid MS65, and high, very close to MS66, MS65, it makes sense that a collector would want to distinguish his/her specimen from all others graded similarly. Especially when the coin is extremely rare and/or costly. I can also see the need for dealers to be able to make large or costly purchases, and feel safe purchasing coins they cannot actually handle.

I started out wanting to understand the attraction of CAC, MAC, etc. I think I do now and I see why they have a role to play that could be a very important one. Thanks to everyone for the help, wisdom, and willingness to step out on a subject that has some emotional components. Jack

 

Is it just me or does the sticker look tampered with? The bottom left of the sticker looks ...blank?

 

I, probably like many others, with a lot more resources than I have, have often thought, I should buy all of the 1955 double dies, then the price will sky rocket and I will make a fortune selling them. If it were that easy, Donald Trump or Richard Branson would have already done it. I have not been buying coins for about 3 months now. But I will start buying again soon. And not to try and corner the market. If this is what the John Albanese's of the world may hope to accomplish, by narrowing the number of a given coin to so few at a certain grade? I don't think so.

But I get your point on the perception of a view on the visual quality of a coin. I see some graded MS65 and the amount of what appears to be corrosion on the surface, or just degradation of the surface, leaves me unable to understand the system. Is it because the plastic holder is not air tight, and it was in much better condition when it was graded and slabbed? What gives?

 

Many "collectors" (including myself) have fallen into the someone else grade it for me trap, hoping to get a true, solid MS63 when the slab says it's MS63. I soon learned that since grading is subjective, all equal # grades are not created equal. Even many seasoned collectors give the green bean a plus. We could argue this until the cows come home...and still end up where we started.

 

The sticker is good, bad angle photo of the hologram.

 

I am more disturbed by the coins with toned over scratches that are routinely stickered (and no I am not taking about adjustment marks).

 

I completely agree with your statement, but how often do you buy a high end coin sign unseen? You, me and everybody else here knows that not all coins of the same grade are equal.

 

Let me see if I got this right. A TPG graded coin actually has three grades. 1= It barely made it to the grade given. 2= Solid grade. No questions asked. 3= It just doesn't quite make it to the next grade up. So it's sent into CAC. They say "yes" this is a grade MS65 and if not for this one minor error it would be a MS66(1). So why not send it back with a Red Bean witch would mean it's a MS65 but just barely. And of course we need a Blue bean to tell us this is a great example of a right on MS65!
I can't wait to hear back from this one. LOL

 

They do have a gold bean , if they feel it's undergraded .

 

This probably sounds pretty dumb (and in all honesty I think it sounds pretty dumb), but I'd probably spend maybe 10% more on a coin with the gold sticker not in hopes of it upgrading but just for the sake of having the gold sticker. I think they've only gold stickered 2000 coins or so, so they're pretty uncommon. Plus they look pretty cool with the fancy gold hologram thing.

 

That doesn't sound dumb to me at all, a gold bean should really carry a pretty descent premium especially if the coin is on the cusp of being a condition rarity.

 

Yeah, but most of these guys are asking for more $$$ than the next grade up..

 

Not dumb at all if the coin grades at least a grade higher , usually they sell a little under the next grade , but some ask the moon for them . But if you like it it's your call and no one else s .

 

Same old song and dance, haters are gonna hate.

 

Paying more than the next grade up would just be dumb. There's a sucker born every minute though. My point was 10% should be a pretty good buy generally.

 

I paid grey sheet bid (0% premium) for this MS63 CAC coin.

 

Yeah, shake it off. (Sorry, couldn't resist.)

 

Because too many new collectors don't take the time to learn to grade - at all. At least with CAC coins they stand a better chance of getting a good quality coin. I personally do not always agree with CAC - then again I can acknowledge I do not have their expertise or experience. To me, relying on CAC stickers means you might miss some really nice coins that CAC has not seen. I do not have any problem with anyone collecting only coins with cac stickers or only coins without cac stickers, but I think you need to learn grade, learn what features you like, what your eye appeal is - then you can buy raw, cac coins, or non-cac coins. Just my opinion.

 

"And you guarantee these will make my coins look better?"