Are CAC stickers useless on MS?

Not for investors who can't grade.

 

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Except that CAC is also inconsistent... Or are they?
https://www.cointalk.com/threads/cac-heritage-and-a-mystery.268395/

 

Their own standard. JAs and the companies.

No, they only accept PCGS and NGC coins.

 

Awesome post. I like how you talked about the approach from a dealer/flipper perspective. Basically everyone (doing this day to day) is looking for arbitrage opportunities. Especially in the high end where the price swing is higher. Thanks.

 

True too. If 2 opinions is better than one (supposed to be), then why not get a 3rd opinion? It would be hilarious if another service came out giving their opinion of CAC's opinion. And their sticker is a big red X that they place over CAC's sticker when they don't agree.

 

It depends on the price spread between grades. If there is a large price spread, the CAC as an informal insurance can be useful.

 

All the more reason I will never respect them. Apparently, they (he?) think that they are above everyone, but if you aren't NGC or PCGS, you can't grade a coin properly, and that their second opinion proves it. Give me a break. I get the TPGs, but CAC has never been something I understand. There's someone with an ego!

 

The founder of CAC was a founder of PCGS and NGC as well. I don't think I have ever heard him being accused of just stroking his ego with CAC before.

No ones forcing you to use them, but to say you don't have respect for someone with his credentials is just foolish

 

Even better, he founded both companies, which use different standards to grade coins, and then founded a third company to back up that grade?

 

Sounds funny when you put it that way, doesn't it?

 

You're right, no one is forcing me to use his services. Actually, I have never used his services. But the fact that he started a company, then another to verify his first company... I don't care what his credentials are, that is stroking your ego, and very misleading to the public. That's not a second opinion. That's the same opinion twice. Rick Snow offers a sticker on IHCs. That is a second opinion. His sticker carries more weight than CAC, IMO. He's actually independent of the first opinion.

 

I'm with you on not paying for their service or paying a premium for a stickered coin, but I can't blame "him" for making money (lots of it too) for just putting stickers on a slab . I would do the same thing if I were him.

Since PCGS and NGC are considered the most accurate by the majority, he basically doesn't have to work that hard to determine what gets a sticker or not. Most of the work has already been done for him. Those two TPG's are also the largest by far, so not like he has to consider doing other TPGs. Probably only looks at a coin for a second to decide sticker or no sticker. Probably spends more time making sure he's gotten paid . I can also just see him thinking, "crap, getting low on stickers. Need to order more. Got to give out less stickers this week", LOL.

And the best part... no one knows what the criteria is for getting a sticker but people keep sending their slabs in. What a life. That dude is my hero now that I think about it.

 

Maybe that's it. Maybe he should offer his opinion on other TPGs. Apparently, he's not willing to accept that others might be able to grade as good as he does? I dunno, I'm not him. I'm an outside voice looking in.

 

Actually, I saw an green bean attached to a to an Indian cent (the other day) in this forum and everyone was railing against the fact that a bean could have been imposed upon such a lacking example. Kool aide?

 

Someone posted a photo earlier today on Instagram of an Ike Dollar with a CAC sticker. Another poster pointed out that they don't do moderns. So who knows what's going there.

 

Was that the ugly AU 1859?

 

No it's not. They have never been misleading in any way shape or forum. He even runs a nonprofit to help people recover funds from scammers, but sure I guess he's just stroking his ego.

No it's not. He doesn't grade for PCGS or NGC anymore.

No, you can actually discuss coins with them if you request it ahead of time.

No, they can't have X price for PCGS/NGC and Y price for everyone else. If they paid PCGS/NGC money for other holders they would quickly be buried.

They do do some IKEs and some various other moderns. You guys really should actually look into them more before just shooting from the hip

 

Oh my! Endeavor! It's a "market grade!" That's why we can't question it. I mean, we can, but it's superfluous. Here, this is the nonsensical grading we're paying for when we submit the job on our coins to the "pros" at PCGS. This is it, it's all she wrote, all we're getting back, read it, commit it to memory, and then weep...

Market Grading (http://www.pcgs.com/Lingo/M):
A numerical grade that matches the grade at which a particular coin generally is traded in the marketplace. The grading standard used by PCGS. [emphasis supplied]

 

"Modern" is relative when it comes to coins. Some say 20th century is modern, while others say "milled" is modern. For the record, ALL USA coins are milled.

 

You sound like you work for their PR department.