How do I send a coin in for CAC consideration?

That's your opinion. Not many others feel the same from what I have read over the years. Just like a slabbed coin shouldn't have a bigger premium just because it is entombed.

 

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A lot of people buy the slab not the coin that why more money for the seller.

 

While I don't know if a CAC sticker can be removed and reapplied to a different slab, I do know that you can go the CAC's website and at no cost enter the PCGS or NGC cert number and it will tell you immediately if that coin has been given a bean.

 

I know I buy the slab because it guarantees authenticity & grade.

Whereas if you buy raw you are risking getting a fake or misjudging the grade and overpaying.

It would suck to pay for a coin at an MS62 price if it's really only like AU58 or something.

Sure there may be some people who can grade accurately but even the best of the best make mistakes sometimes with grading.

 

Well.. Good luck in your numismatic adventures.. Over and out

 

^^^Yes that but some people look at the slab more like for example a rare coin has a grade of 62 but it looks like an au 58 the buyer paid a premium for it and now will be into Davey Jones locker when trying to sell it.

 

Fortunately though PCGS & NGC "guarantee" the grade, so if it turns out the coin is overgraded it can be sent it and they will pay the fair market value of the different between the overgrade and the real grade.

So if an AU 58 coin is graded MS 62 and PCGS/NGC agree it is really an AU 58 they will pay the fair market value between AU58 and MS62.

If AU 58 is worth $1000 and MS62 is worth $3000, they will pay $2000 or replace the AU 58 with an MS62 of the same coin.

 

I’m not talking about someone you aren’t acquainted with. When you are a member of the boards for a few years you become acquainted with those you can trust and those you can’t. Several times over the years I’ve both piggybacked with and piggybacked for others.

 

I respectfully disagree. I don't think it is a matter of personal opinion. There are many studies done that clearly show that CAC coins bring higher prices.

While some people may not like it or agree with it, this is one of those instances where the facts simply speak otherwise.

There is a good presentation on CAC (history, processes, price premiums) by Bob Bair at ANA's ELearning Academy.

https://www.money.org

Once there, click "Events and Webinars" then "Recorded Webinars".

 

There are some buyers of high-end coins who will not buy a coin, unless it has a CAC sticker to verify the grade as being valid. They see it as a “second opinion” so to speak, and do not view this as optional. Put yourself in the situation of buying a high 5 or 6 figure priced coin. You, as the buyer, would want all assurances that the coin was appropriately, or even slightly undergraded. In the high end toned Morgan market, CAC is viewed as essential for the sale of an ultra gem (66 and above) coin.

 

You are 100% correct. No question about it.

 

I became a member a few months ago. They are very helpful. You will need three references. Not every coin you submit will receive a sticker. A coin with a CAC sticker will cost a premium. That’s why they have their own magazine called CAC Rare Coin Market Review.

 

3 references??

Seriously??

Can I use my parents and brother?

Or does it have to be numismatic people like dealers?

That's kind of messed up though that it's not open for everyone.

I'm trying to get a CAC sticker on my 1799 Draped Bust Dollar F-12 NGC.

The two coin dealers I talked too both said that my DBD looks better than some F-15s they've seen and that it was a "shoe in" for a CAC sticker.

 

Most dealers can send it in for you. Although they’re probably going to want you to pay for shipping and insurance, and there is a small fee for grading the coin.

 

Oh yeah for sure the shipping & insurance I would definitely pay for.

Even if they offered to ship it without insurance I would still want it insured as it was a pretty expensive (for me) coin that I paid $1,460 for.

 

Nice coin!

 

You planning on getting a flowing hair dollar any time soonit would make a good early dollar set.

 

If the coin does not get a bean, you only pay for shipping both ways. Look at the video I gave the link to in an earlier post and much of this is explained.

 

Nothing really other than their own conscious and the threat of prison time. It's happened before on forums just like people have sent checks before and never gotten what they bought.

Shops aren't without risk either using random shops.

What I would do is call CAC, they'll send you a packet or put you on a list and one day an application will show up in the mail and then you can just do it yourself. Collector members only get charged for coins that sticker and shipping and handling, dealers get charged for every coin

 

OK, you have a 1799 13 star dollar. The February CDN Greysheet lists this in F-12 at $1200 wholesale bid. The CDN February CAC Rare Coin Market Review (a separate Greysheet publication which lists retail pricing for CAC coins) give a retail value of $1,780 for a F-12 with a green bean. If you managed to get a gold bean, the implication is that it's not a F-12 but rather a F-15, thus worth more money.

Granted there's a spread between wholesale bid and retail, which valuation (no bean or bean) would you rather have on your coin and which valuation do you think gives you greater liquidity? How much is that potential extra value and/or liquidity worth to you?

I think CAC fees (if they bean it) is $15 plus shipping costs both ways. You may have to pay a CAC-authorized dealer some nominal additional fee to handle it for you. So, let's call it about $50 to $75 to send it in. Is that worth it to you?