CAC Sticker - what is it?

Howdy peeps,

I've recently seen CAC stickers on PCGS slabs and I wondered what they were about and do they increase the value of the coin in the slab?

Ribbit

 

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Go to caccoin.com to learn more but here are the basics.
It is a little green sticker they slap on a slab that represents that CAC has approved the grade. It raises the value 10-15%
Hope that helps!

 

Cac is a tpg that dosen't slab coins. They are a year or so old i believe. They are essentially a second opinion verifying the grade with a green sticker or a yellow one if they believe the coin is undergraded.

http://www.caccoin.com/

 

At last count, I believe we have 9,024,677 posts on it, in just the last 8 months. That is to say, if you need any further information.

 

John Albanese - the founder of CAC - will be speaking about CAC at ANA Summer Seminar this year. I have already reserved a seat for myself. After I learn just what CAC is (and what it is not) directly from the horse's mouth I will let you know. But I know there will always be confusion and consternation regarding CAC because some people just don't like slabs and especially don't like a slab with a sticker.

My understanding of CAC today is: There is a range of quality across a particular grade. Some coins are low for the grade, some are high for the grade and some are in the middle. CAC will place their sticker on a slab if they agree the coin is either solid or premium for the grade.

I took this quote directly from the CAC web site:

If you looked at 100 coins - same denomination, same date and mintmark - that are all graded the same (let's say they are PCGS MS-64 1888 Morgan Dollars) you would notice that they are not all identical. (Further, let's assume you agree with the grading for all of the coins - none of them should grade MS-65 or MS-63.) Some of these coins are better than others. You can separate these identically-graded coins into 3 groups - A for the higher end coins that are almost, but not quite, MS-65, B for the mid-range coins that are solid MS-64s and C for the lower end coins that are slightly better than MS-63.

CAC places their sticker on those coins that they deem are A or B coins - in other words, solid for the grade or premium. They do not sticker the C coins. It is no more complicated than that.

If CAC does not sticker a slab it does not mean they do not agree with the grade. CAC may agree a coin is graded correctly but if it is in the C group it won't get their sticker.

(If you wanted to carry this exercize further you could break the coins down into 10 groups. The worst of the lot would grade MS-64.0 - ever so slightly better than MS-63.9. The next group would grade MS-64.1, and so on up to MS-64.9 which is just a hair's breath away from MS-65.0. The truth is most people have enough trouble distinguishing MS-64 from MS-65 much less MS-64.4 from MS-64.5.)

 

OK, let me see if I can't simplify this. Basically, it works like this. There are the guys and gals in the fast lane who are basically bidding on coins in the blind (i.e., on nothing better than the seller's or auctioneer's representations and pictures). And, sometimes (and, we've all seen examples of it), the TPGs are nuts. So, these bidders need CAC, to tell them whether the TPGs are nuts. What happens when CAC is nuts? Then, the bidders have two nuts. And, in the mixed-up world of sight-unseen bidding, two nuts is always conceived of as better than one.

 

Eddie,

The best explanation would simply be to link the thread that you started last year. There is a wealth of information in this thread Toad.

http://www.cointalk.com/forum/t39821/

happy reading!

 

Do you guys think cac should put coins that don't get a sticker in their db?

 

I don't think so. Like any of the other grading services, CAC is not perfect. Their not going to get it right every time. I think putting the non stickerd coins in their db would cause some collectors to look down on them, when in fact they may be great coins.

 

My opinion of the CAC sticker is another way for the grading services to make money. Why should I pay for a "sticker" on my already graded coin? Did not PCGS do their job when the coins was submitted? Just my thoughts.

http://www.cointalk.com/forum/t45007/

 

Heres one of mine:

 

Not a peep from the Chairman of Brooklyn?

 

Lol

 

Harry,

Did you read the explanation as to what the sticker means? If you did I don't understand how you would ask that question.

 

Read it


For many years, coin dealers and advanced collectors have used the letters A, B, and C among themselves to further describe coins. C indicates low-end for the grade, B indicates solid for the grade, and A indicates high-end. CAC will only award stickers to coins in the A or B category. C coins, although accurately graded, will be returned without a CAC sticker.



My thoughts are you are paying good $$ for coin grading from PCGS. Why should one have to pay extra to see if the coin is low end , meets the grade or high end? PCGS could implement that info on the slabb now without a surcharge. The grading scale goes to MS 70....... Is the cac sticker a way for PCGS to intice dealers to re-submit a coin making money for themselves in the process?

 

But by putting a stickered coin in their db, that causes some collectors to look "up" at them, when in fact they may be crap coins!!!!

I honestly didn't catch that they put stickers on A AND B coins. They're clever. So if a slab doesn't have a sticker, you start thinking to yourself, .... "Hmmmm. Did CAC look at this and not give it a sticker????"

Really, very clever.

 

I think the best post I have ever read on this subject came from the CaveTroll, ( who is a numismatist with Heritage if you did not know).

I cannot find the thread unfortunatly.

 

Don't tell them that, that's bad for business.

 

There's no reason to it, Harry. Just money.

 

So what are you suggesting, they put a QUACK sticker on those "C" coins? Hey, maybe that's not that bad an idea.