I just learned about this service. Can anyone educate me on CAC from the buyers perspective as well as the sellers. So if I have a raw coin I want certified, I would send it to a TPG like PCGS, and then on to CAC as well? Jeez. Is it worth it? What's the cost? How about if I have a slabbed coin that is not from the big two (PCGS or NGC) and I get it "CACed" and they agree with the grade, I probably just made some money right? - because although some buyers stay away from a grader like ICG (although they dont seem to be THAT bad), with the CAC sticker, now it's supposedly just as good as a PCGS grade or NGC. Wow, that's a mouthful. Do you know what I'm asking? Any takers on this issue? Thanks!
Then you're gonna miss out on some really nice coins. One should never blindly accept a coin for the slab / sticker... but one should never blindly reject one either. Overall, I think that CAC does have a "value add" service. They have a time and a place.
Having talked to folks, read the CAC website, and talked to a CAC principal face to face, it seems to me that CAC is very strict on non-original surfaces, particularly those hit by coin doctors.
all you buying is a little green CAC stick for a coin that must be graded 1st you must have you coin graded by Ngc or Pcgs Anacs or Icg that $25.00 + s/h/ins then pay for CAC You can not just send a raw coin to CAC <(@)> plus there few Anacs & Icg with CAC sticker
.......gee, let me look in to the future. predictions: slabs are now coming in a new size, maybe 5x7 inches. why? well because in the future a tpg slabbed coin will not be sufficient for collectors. the collector (some anyway) will not be satisfied with the slab with the CAC sticker. they will want the other stickers too! (don't forget this is the future). and now we have other umpires that say YES we agree with the CAC sticker so we will honor you (for a price of course) with OUR sticker and on and on to the other sticker approval agencies. this is why the slab will have to be the NEW size of 5x7. anyone see a pattern developing here? just remember this is only MY prediction. a sticker will be sent free if you wish, for your new size slab.
"Who uses CAC I just learned about this service. Can anyone educate me on CAC from the buyers perspective as well as the sellers. So if I have a raw coin I want certified, I would send it to a TPG like PCGS, and then on to CAC as well? Jeez. Is it worth it? What's the cost?" I have used CAC. I also intend on using them again. It cost me $10 per coin plus shipping (which came out to about another $2 per coin). As for if you should use them, that's a question that only you can decide, but in general (and just like with the TPGs), it generally isn't worth the money unless your coin is worth a bit of money (I'd suggest $500 or more for CAC).
FYI, and not to derail your inaccurate criticism with some facts, but CAC doesn't sticker ANACS or ICG coins. Now please continue....
I am sorry, but you are just continuing to show your ignorance of the topic.... The CAC sticker has nothing to do with eye appeal, but rather good for the grade and/or weeding out problem coins. And there's nothing to say that judging the coin isn't left up to the buyer or owner -- just as it is with the TPGs, so it is with the CAC. It is up to the people looking at the coin to decide the veracity of the grade/sticker. Perhaps you should do a little reading, or heavens forbid actually use the service, before passing judgment....and here's a good place to start: http://www.caccoin.com/
Seems like a bit of overkill, BUT if it gives a buyer more confidence in the coin, why not. The cost seems reasonable. Kinda like a highly regarded umpire (PCGS, NGC), asking the first base umpire for his opinion on a check swing. Nothing wrong with that.
I follow the Teletrade auctions, and a CAC sticker will sell for more than an average example of the same coin. Of course, you can also decide for yourself.
Be sure to re-open this thread when those predictions come true. We've heard it all before. There was a time when many people predicted the market would be flooded with TPGs. Those predictions were wrong. Yes, several TPGs exist... but only a very, very few have any impact at all. Two stand alone. There is no clutter of competing TPGs. Self-slabbers are not TPGs. No, I honestly don't. There is no reason to believe, no evidence to suggest, that there will be a clutter of sticker people with any market acceptance. Can someone show me sticker company #2 ? Who is competing with CAC ?
Yeah, I see a pattern very similar to what happened when the TPGs were first introduced, or practically any other issue that affects the status-quo.... Lots of misinformation, exaggeration, and grandstanding by those who are either afraid of change, afraid of the unknown, or bought in to the status quo. That's what I see....Mike
The way I see it, CAC sticker were hand made for internet/mailorder coin sales. We all know that pictures no matter how good, is just not the same as seeing the coin in hand. As good as the tpg's are I would think the simple volume of coins alone would lead to inconsistancy. If you buy a CAC sticker'd coin online you can be pretty confident the grade is accurate. Myself, I think it's a bit of overkill, but then again I generaly don't buy slabbed coins.
I use CAC and am an avid supporter, though, it certainly isn't for all coins or all collectors. I basically view it as paying $10 for a second expert opinion from one of the best graders in the world - John Albanese. CAC has caught some things/problems that NGC, PCGS and I missed. Or in the case of the grading companies, perhaps they saw the problems but didn't care about them enough to lower the grade or no-grade the coins. I don't agree with CAC all the time and they don't agree with me all the time, either. But overall, I feel they do an excellent job of segregating the solid for the grade (and better) coins from low end and/or problem coins. There are also many strong bids posted for CAC coins, which makes them more liquid and often, at very competitive prices.
As far as I am concerned a CAC sticker does not guarantee eye appeal. But I do agree about the grade. I have see a couple of CAC approved coins that were accurate for the grade, but did not have any appeal - in my opinion only.
I agree. Nothing guarantees eye-appeal, among a group of individuals with differing tastes or even for a particular buyer.
Just a question, Mark, and not trying to put you on the spot for it, it's for anybody. Supposing you're the seller of a green-stickered coin. Would you normally view that as having the "green light" to go ahead and ask more for the coin than had same not had the blessing of the green sticker?
