Are CAC stickers useless on MS?

I wrote a check to CAC earlier today.

You don't have to 100% agree with their determinations or business model to avail yourself of the significant impact they have on the market. If you sell really nice coins without letting them take a look, you're leaving money on the table that the next guy will pick up.

 

Log in or Sign up to hide this ad.

I don't know him personally or who he even is. Is it D.H.? Everything I've spoken is just jokingly. I'm not bashing the guy. I am serious though when I say I admire him for his business acumen. The guy is brilliant to be getting so many people to hand over their money like does.

I was only recounting what someone else said. I never criticized or "shot from the hip". I would look into them if I were going to use their service but don't currently have plans to. Perhaps some day I will be fortunate enough to be in a position to purchase a five figure coin. Then maybe I will consider them.

 

Good stuff Eddie. Sounds almost like a religion, haha.

No one should criticize you if it makes more money. Totally agree that you have to do what's best for business, even if it doesn't make complete sense. You would be foolish not to do it if it leaves money on the table.

 

Well, that is indeed 'fake news' as I know Master John don't indemnify moderns........yet.

 

David Hall is with PCGS, John Albanese is CAC.

http://www.caccoin.com/coins-accepted/

That's what they accept. There's a few random moderns sprinkled in, MS Ikes are the one post 64 modern series they did adopt.

 

Ok, so this guy created 2 companies, which basically compete with each other, and everyone else is left for dead. Those 2 companies are the top. He left them. He created another company to verify only those 2 companies. Does he only verify (bean) slabs that were created after he left, or do all slabs from one of those companies qualify? In other words, would he bean a 1st gen slab from PCGS? @baseball21 I really want your PR slant on this one.

 

From my collection:



If you'll go to their website, you'll easily find a list of the coins they will accept for review. Ikes were added a few years back.

They also review 1955, 1969-S, 1970-S, 1971-S, 1972, 1983, 1984, and 1995 double-die Lincolns.

www.caccoin.com

 

He does it all....just don't qualify 'Moderns'........

 

Shut my mouth.......the door is open.

 

What next? These guys all sell out in the end.

 

Just to bring this thread back to the OP, I think all CAC stickers are useless on any slab, not just MS ones.

 

They will merge and do everything in house. You will be able to get an NGC slab with a CAC sticker housed inside a PCGS slab.

And for an additional 5 bucks you can get an anniversary label with a photo of your dog (or cat) on it.

Woohoohooo

 

Sometimes I'm offered a coin like 1881 S Morgan Dollar PCGS MS-64+ PL CAC. I get a little uncomortable because it feels like I'm being offered a stock or a piece of merchandice rather than a collectible piece of history.

 

Since posting my first comment about "Eagle Eye" or Rick Snow, I have learned that he only grades NGC and PCGS, so my comment about him is now null and void. I saw it on his website. "One rule of this market is that our buy price is no less that 75% of our selling price. In theory, this should work very well, but in practice, with the current available supply of NGC and PCGS certified coins (also known as slabs), it is impossible." Why doesn't he include ANACS? They are also slabbed. http://www.indiancent.com/index.php/photoseal/

 

The shoe fits the horse. I never thought of it like that, exactly, but sure thing, we don't have any basis to question their "market grades." ANA standards? What, eye appeal, and it's got progeny, pedigree, or whatever they're calling that which should be called "provenance" if they had any brains? That's why they don't like your technical grading, ever think of that? If they were technical grading, based on condition, we could judge them. Not so in this market grading scheme, and there's the difference, and why they love it, besides. We can play games in "GTGs." But then, they differ with our grade, i.e., "got it wrong," as we're accustomed to saying, by what standard are we judging their grade against? The condition of the coin? No. The market for it. How pretty it is, to their god, the market, there's their grade. Some "grade." Huh?

 

Look, here's what I do believe about CAC stickers, TPGs, and a whole lot of other things about the USA coin market. At current, the market is controlled by 1 guy, someone I don't know, but someone that founded NGC and PCGS. His opinion is valued above his own employees, or former employees, so he started CAC. He only grades NGC and PCGS coins, which I'm willing to bet he owns stock in those 2 companies, seeing as how he's a former grader/founder. CAC, which only grades NGC and PCGS, both companies he founded, so clearly, he has no profit in them since he "left" them. He also set the standard by which they grade. All other TPGs have been discredited, except for the guarantee of authenticity by ANACS. NGC and PCGS get more $ realized at auction hammer than anyone else. And those with a CAC bean get more. This is really starting to sound like a silver bubble from the early 1980s. Then again, I was only 1 back in 1981, so all I have to go on is history. And those that don't study history are doomed to repeat it.

 

Preach Eddie! Preeeaaaccchh!!

 

Shhhh. There are people still asleep here...

 

ANA standards are written out, in books, like the Red Book, Photograde, and others. Eye appeal is totally subjective, to the buyer alone. I have overpaid for a coin, and I have no regrets. 2 coins, in fact. Eye appeal alone I over paid. But grading standards are given by the ANA, and the fact that NCG and PCGS don't give those standards are attributed to 1 person, the same person that founded CAC.