Here's a new subject--CAC stick-ons

That is "potential" new owner. If the grade does not satisfy the potential buyer, and you stand by your grade, and you know what you want to get for the coin you are selling, then obviously, you will be seeking a different potential buyer.

Price lists mean nothing to a collector, if you really think about it. The price lists are there as tools for dealers to gauge the market and see the approximations of market analysts. Speculators use it as a tool to determine the potentials of their buys, and investors use the lists as tools to determine when to dump a long term hold, or when to jump into a certain niche.

A collector is the only one who has the time and leniency to be able to gauge his own desires completely, and thus come to a conclusion of what they truly want for a coin. More often than not, a collector sells his/her coins simply because they are upgrading, or changing focus. Sometimes for financial reasons, but not as often, in my opinion.

Usually, a collector is ready to hold on to his/her coins for a lifetime, with no expectation of parting with them, nor with any real concern of value. When thoughts of posterity come up, a collector may be concerned with how much the collection is valued at in its entirety, because the individuals whom the collection may be left to may not understand their worth, and the collector may want to make sure that their posterity is well taken care of.

Anyway, I just realized that this is a CaC thread anyway, so I'll shut up now.

 

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But that's the way it is so we'll give you a pass this time.

Very interesting, instructive and thought-provoking read thus far, though, guys...I have to say. :thumb:

 

I think the CAC idea was worth trying. If the marketplace determines it isn't worth the added cost, the business will fail. Everything else is opinion.

 

Just out of curiosity...how much does it cost?

 

Always thought the CAC sticker meant that the coin was fairly graded and that CAC was founded because PCGS & NGC were misgrading too many coins .
If CAC is just saying it's a premium coin , I don't see a need for that unless they're willing to guarantee it .
rzage:smile:hatch::hammer:

 

I don't know. I've never sent a slab to them. But the service must be satisfactory to some folks or the business wouldn't exist. Maybe they believe two opinions are better than one when big money is involved. For lesser value coins, I don't know the motivation. Maybe it's just the novelty of the thing. Time will tell if they have staying power.

 

What does the star after a grade on a NGC slab mean ?
rzage

 

Generally it means that the coin has extra nice eye appeal for the grade (but that its not nice enough to bump it up to the next grade). For example an MS65* will have better eye appeal than an MS65, but an MS66 should have fewer flaws than both.

 

So it's sorta like NGCs own CAC seal , they might put a CAC sticker on a NGC* that would be a heck of a coin .
rzage:smile:hatch::hammer:

 

No, the CAC sticker is about the accuracy of the assigned grade given by the TPG. The NGC star simply means that the coin has extraordinary eye appeal. It does not say anything about the grade. For example, it is possible to have an NGC* coin that is in the low end for the grade and therefore would not be eligible for the CAC sticker. If you want a photographic example, here you go.




This coin has more bag marks than any other MS64 Morgan Dollar I have ever seen, and although the strike, luster, and eye appeal are outstanding, there is absolutely no way that this coin would attain a CAC sticker with that obverse, particularly the cheek. In fact, I heavily doubt this coin would have been assigned the MS64 grade without the toning. It is typically thought that graders lend more weight to the condition of obverse when dealing with Morgan Dollars. This coin is a clear exception, it is almost as if they ignored the obverse when grading the coin. Maybe they decided that the reverse was worthy of an MS65 grade and they should only deduct one point for the MS63 obverse. Either way, the coin is certainly deserving of the star designation for superior eye appeal.

 

Oh yeah, I forgot. There are NGC* coins with a CAC sticker and I cant speak for all, but in this case you are right. IT IS ONE HECK OF A COIN.




BTW-----MONSTER!

 

That is a monster coin , I can see that you like well toned coins as much as I do , but I have nothing like yours , nice .:kewl::hail:
rzage

 

The thing that always worries me when i look at dealers coins that have a large number of CAC coins so that it looks like he actually submitted them himself and did not just come across them is that are the coins that dont have a CAC sticker not PQ? I think it can be very counter-productive in that way.

 

I can't believe the CAC stickered the Franklin. I couldn't sell that if my life depended on it. That wouldn't be the first time that happened to me. Two years ago I bought two exceptional 1951 Franklin Proofs. They were gorgeous and I expected them both to go PF65. I sent them in and they both came back PF67. They took what should have been two very saleable coins and graded them so high I couldn't sell them. Even by discounting them deeply to just above a 65 price they wouldn't go. So I was stuck because 1. Not many people will buy a 67 Proof Franklin. 2. Once I had discounted them, people were suspcious that didn't know me about why "they were so cheap". So I ended up carting them around three months and trading them to another dealer. I still believe they were 65's just as I did the day I bought them. I know it sounds strange, but NGC's overgrading actually cost me money.
VV

 

The more I think it over. There should be more than one FPG (Fourth Party Grader). I think I'll start building the web site and taking out ads next week. I think I'll charge more than CAC too. Because, I'll sticker anything than comes by. I think the ads will read "STICKERS FOR ALL" "If you have a coin that you feel would sell better if it was certified by a FPG, we will place a CAS (Certified Accurate Grade) sticker on your slabbed coin. Thereby indicating that NGC and PCGS grading rules conform with our standards and principles of TPG." I actually bet I would get coins sent to me. I could use my current business name and address. I'd just have to print up some stickers for the coins I would get. Does anyone out there think I'd get sued by somebody?
VV

 

we will fix that