Never thought I'd do it . . .

Discussion in 'US Coins Forum' started by ToughCOINS, Oct 11, 2019.

Page 5 of 6
  1. Mainebill

    Mainebill Bethany Danielle

    Actually the more and more the us coins debate over grading and the gradeflation and tpgs bs. Plus the flood of Chinese fakes getting better and better all the time makes me more and more inclined to take a walk on the dark side. Though what’s really got me intrigued lately is mideval British isles coinage as it’s likely coinage my ancestors handled
     
    Mainebill, Oct 15, 2019
    #81 + Quote Reply
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  3. NAVY CHIEF

    NAVY CHIEF Active Member

    What is definition of C.A.C./CAC?
     
    NAVY CHIEF, Oct 18, 2019
    #82 + Quote Reply
  4. baseball21

    baseball21 Well-Known Member

    no periods, CAC
     
    baseball21, Oct 18, 2019
    #83 + Quote Reply
  5. thomas mozzillo

    thomas mozzillo Well-Known Member

    CAC stand for Certified Acceptance Corp. They add a sticker (referred to as a bean) to Third Party Graded coins, certifying, in their opinion, they are in the upper level of the assigned grade. There's a fee of course.
     
    thomas mozzillo, Oct 21, 2019
    #84 + Quote Reply
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  6. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Well I can't be sure but, judging from the increase in population on the CAC website of the one coin I needed to get stickered, it appears that my submission has been processed. I asked the submitter if he can look up and send me the results, but I haven't heard back from him. Sitting on pins & needles . . .
     
    ToughCOINS, Oct 27, 2019
    #85 + Quote Reply
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  7. imrich

    imrich Supporter! Supporter

    Just Curious!! Was the CAC population increase on one of the "Double Eagles"?
     
    imrich, Oct 27, 2019
    #86 + Quote Reply
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  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Nope . . . enough of those coins have beans that I probably wouldn't have noticed a change.
     
    ToughCOINS, Oct 27, 2019
    #87 + Quote Reply
  9. baseball21

    baseball21 Well-Known Member

    It's usually 5-6 business days for results from the time they got them until the results and return shipping email shows up
     
    baseball21, Oct 27, 2019
    #88 + Quote Reply
  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I don't have the coins back yet, but I do have results.

    H10c 1842-O N40 CAC
    10c 1844 N30
    10c 1852-O N45 CAC
    10c 1860-S P50
    10c 1875-S A/B N63 CAC
    25c 1861-S P40 CAC
    25c 1920-D N64
    $1.00 1848 N55
    $1.00 1891-O P64
    $2.50 1878 P64
    $2.50 1914-D N62
    $5.00 1891-CC N62
    $5.00 1909-D N63 CAC
    $5.00 1914 N62
    $10.00 1884 P63
    $10.00 1887 P62 CAC
    $10.00 1904 P63
    $10.00 1909-S P62
    $20.00 1902 P62
    $20.00 1913 P63

    I have to admit, I am surprised by a few of the misses, but I'll learn from them. It may not have helped that only two of the coins were not either seated or gold coinage.
     
    ToughCOINS, Oct 29, 2019
    #89 + Quote Reply
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  11. C-B-D

    C-B-D Well-Known Member

    6 out of 20. Dang that stinks. I always ask CAC to comment on why coins don't pass. Most of the time they write me a 1 or 2 word note, but occassionally they don't comment. Not sure if the graders don't have time or what. You know what's funny, though? They have only once told me a coin was over graded. There's always a hidden problem that either A. I missed. Or B. I think they imagined it made up :D.
     
    Last edited: Oct 30, 2019
    C-B-D, Oct 30, 2019
    #90 + Quote Reply
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  12. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yeah, it ends up being an expensive submission on a per sticker basis.
     
    ToughCOINS, Oct 30, 2019
    #91 + Quote Reply
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  13. C-B-D

    C-B-D Well-Known Member

    Also reaffirms your past hesitation in leaning on their opinion.
     
    C-B-D, Oct 30, 2019
    #92 + Quote Reply
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  14. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Did the coin your customer wanted, and forced your hand, sticker? Not sure which of the coins submitted was the coin in play.
     
    masterswimmer, Oct 30, 2019
    #93 + Quote Reply
  15. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yes, it was the 61-S quarter.
     
    ToughCOINS, Oct 30, 2019
    #94 + Quote Reply
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  16. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    Kudos! Did you get your stretch?
     
    masterswimmer, Oct 30, 2019
    #95 + Quote Reply
  17. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yup! And the buyer is tickled to be the new owner.
     
    ToughCOINS, Oct 30, 2019
    #96 + Quote Reply
    jwitten, TypeCoin971793, C-B-D and 1 other person like this.
  18. C-B-D

    C-B-D Well-Known Member

    Dang that's the one we all thought was a VF30/35?!?! Congrats!
     
    C-B-D, Oct 30, 2019
    #97 + Quote Reply
  19. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Yup. I thought XF45 was generous on the part of NGC, and was sure it would cross to XF40 at PCGS, so I rolled the dice . . . and it was worth it.
     
    ToughCOINS, Oct 30, 2019
    #98 + Quote Reply
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  20. Walkerfan

    Walkerfan Well-Known Member

    I like CAC but have never been afraid to purchase coins that are unstickered. I know how to grade, so if it has a sticker, that's nice but, if it's a nice coin that I can get for a good price without a sticker, then even better. I also don't believe that malarkey that all good coins have been to the bean factory, either. I think only a small percentage of them have.
     
    Walkerfan, Oct 30, 2019
    #99 + Quote Reply
  21. imrich

    imrich Supporter! Supporter

    I generally have only sent, as a collector, tough date/MM plus or PQ coins. You have a better outcome than I normally receive. I believe you haven't any reason for concern. I only generally submit Gold coins of relatively higher value, so I was interested to see if either of your better date Double Eagles made the "cut".

    Thanks for the "update".
     
    imrich, Oct 30, 2019
    #100 + Quote Reply
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