cac stickers can help a coin when selling

Discussion in 'US Coins Forum' started by potty dollar 1878, Feb 16, 2021.

  1. baseball21

    baseball21 Well-Known Member

    No I can say with 99.99% confidence that CAC wasn't going around telling people they will sticker anything for a fee. Like I said before they may have been there soliciting submissions which is entirely different but your story they were doing anything for money is certainly false
     
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  3. Beefer518

    Beefer518 Well-Known Member

    Seeing how the story is now hearsay, I'm wondering if it went more like this:

    CAC guy - "Hi Mr Dealer. Have you considered using our service?"
    Dealer guy - "No, why would I?"
    CAC guy - "Coins with our stickers/labels have shown to fetch a premium, and this coin you have here would be a great candidate. Why don't you let us CAC certify it now, and you can see for yourself?"
    Dealer guy (thinking to himself) - 'Hmm, this guy is offering to give me a sticker. Sounds like a scam'
    Dealer guy (out loud) - "No thanks"

    Point I'm making is that there is the possibility that at a show when they were starting, maybe JA (or another employee) was offering his services at no cost. He would still 'inspect' that coin, and if warranted, would CAC it.

    It's called "MARKETING"
     
  4. Mac McDonald

    Mac McDonald Well-Known Member

    I have never seen one of the yellow CAC stickers...the ones indicating a lesser grade class within the grade (or something like that). I have only seen the green ones indicating the stronger/solid grades...as I understand, which may not be totally accurate. What happens when a yellow CAC sticker is given...can you appeal/re-submit for a "re-sticker" upgrade (likely for another fee, of course...on top of the first fee on top of the original grading fee)...?
     
  5. charley

    charley Well-Known Member

    So, I have read this with interest.

    I am wondering if this is the proverbial multiplying of the loaves.

    At the Greenwich CT. Show, free submissions were offered, and the response was enthusiastic, by collectors and dealers. I was there.

    At a few shows the next year, there was always the bourse buzz if there was going to be any free beans offered at the show.

    It also came up at the Balt. Show. I was negotiating an 1836 Reeded Edge at the RCNH table ....yes ended up with it, and the most stunning original 1876 TD I ever saw....it CAC'd when I submitted 2 years later. I sold the RE to Mark and 1 year later sold him the TD, and bought a n incredible RE with the proceeds. While we were kibitzing at the RCNH table, Legend table was across the aisle , and Ms. Sperber was there, and it was a repetitive running joke of collectors/dealers asking for some free stickers.

    Move ahead about 4 years. I happened to be at the Chicago Show. Everybody knew James DeGeorgia was an enthusiastic supporter of CAC coins and would go around the bourse, looking for them and he sort of had a cheat sheet going in his head, in that how many graded coins of a certain type were available and of those how many had a CAC sticker.

    I remember somebody asking how it was going and the reply was that it was like somebody showed up giving away stickers. There was a group of people standing around. Somebody asked if there were free sticker submissions at the show, and, one of the dealers said he thought so. (btw, I looked all over the bourse to see if there was a hidden booth set up for free CAC submissions....there wasn't).

    I think this is the type of thing that may lead to misunderstanding and as somebody mentioned, rumors.

    What I do know, is in the many shows I have attended, I have never heard anybody say that CAC was giving out rolls of stickers free or otherwise.

    Anything is possible, though.

    Were there really 3 kings going to Bethlehem or 4?
     
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  6. charley

    charley Well-Known Member

    I almost forgot...the CT. Show was the first CAC Show. of course free submissions were offered.
     
  7. charley

    charley Well-Known Member

    I think you are referring to the gold rating that indicates in CAC opinion the coins are a higher grade than than stated. I don't think you are going to have anybody appealing that.

    Then there are the D coins.....
     
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Whether we like it or not, CAC is here. We should be able to discuss the pros and cons.

    I'm glad there's different POV. If we all agreed, none of us would learn anything from this thread. :D
     
    Last edited: Feb 16, 2021
  9. Lehigh96

    Lehigh96 Toning Enthusiast

    The only numismatic topic more volatile than CAC is Daniel Carr.
     
  10. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Maybe he MISINTERPRETD what they were doing ?

    I think if CAC people were doing that, it would be more well-known and you'd have multiple confirmations.

    Plus, it's not like John Albanese was lacking for credibility -- and resulting business -- given his track record. He did NOT have to give out freebies to generate business, I think you'll agree on that !
     
    Last edited: Feb 17, 2021
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Soliciting SUBMISSIONS is different than giving out stickers which later will be misinterpreted as endorsing a strong-for-the-grade coin.

    If CAC is standing behind their coins and willing to buy them back and make a market in them....then their "bean" is a super-valuable asset and they're NOT going to give it out willy-nilly and have people put them on any coin.

    Just doesn't make sense....
     
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  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    There's a Greenwich, CT coin show ? May have to check it out.
     
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  13. baseball21

    baseball21 Well-Known Member

    Exactly. JA also has been apart of helping people that were scammed get their money back with a nonprofit.

    Its been well over a decade since their founding and people can disagree with grading but to say they were a for sale endorsement is 99.99 percent stupid
     
  14. St Gaudens collector

    St Gaudens collector Active Member

    Cocky-Amateure-Collector :D
     
  15. johnmilton

    johnmilton Well-Known Member

    I agree that CAC would never let their stickers fall into the wrong hands, but for those who say that CAC never makes mistakes, take a look at this piece.

    1873 Dollar O.jpg 1873 Dollar cl O.jpg 1873 Dollar cl R.jpg

    The surfaces have been rubbed with an abrasive on both sides. PCGS should not have assigned it a grade, which means that CAC should not have given it their seal of approval.
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I hope nobody really says that. TPGs make mistakes...CAC makes mistakes...WE make mistakes. :D

    I think it's just the ultra-rarity that has a mistake by BOTH a TPG and CAC.
    Definitely looks cleaned/scratched, how did you know an abrasive (liquid ?) ?
     
    Last edited: Feb 17, 2021
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  17. baseball21

    baseball21 Well-Known Member

    Unfortunately real conversations are almost impossible as many of the critics of CAC believe their grading and/or collections are infallible and they choose to harp on the less than one percent of things. I’ll take PCGS CAC anyday over some posters opinions
     
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I wonder what % of all CAC sticker are on PCGS vs. NGC ?

    CAC must know...anybody have a hard number or even guestimate ?
     
    potty dollar 1878 likes this.
  19. charley

    charley Well-Known Member

    I don't disagree, with the understanding that I have seen some gorgeous NGC pieces, in all series, including the 1873 SL $.
     
  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Collectors I talked to at FUN and at other shows (and in the forums 1-on-1) seem to have an issue where the sticker is on a coin where there is a BIG price jump between the given grade and the next one higher.
     
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  21. Lehigh96

    Lehigh96 Toning Enthusiast

    +1

    This isn't directed at anyone in particular and certainly nobody in this thread, but I have seen some very vocal critics of CAC on different forums over the years and then when I saw their registry sets, was completely underwhelmed.

    The latest coin in this thread really isn't even about CAC, rather it speaks to the point about where the market acceptability falls with respect to problem/problem free grades for rare 18th & 19th century coinage. It is clear and obvious that the TPGs & CAC have a different standard for these coins than they do for more common material, so while James would like to see that Seated Dollar in a details--cleaned holder, or at the very least, without a green CAC sticker, he is applying his standard rather than the standard being applied by PCGS & CAC.
     
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