CAC Results

Discussion in 'US Coins Forum' started by RiverGuy, Mar 17, 2010.

  1. Canerrcoins

    Canerrcoins Canadian Eh**

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  3. Breakdown

    Breakdown Member

    I've stated it before on other threads: I have never bought a coin because of the CAC sticker but I consider it a nice bonus or reassurance. If I decide I like a coin, particularly a more expensive coin, I appreciate that someone that knows a lot more about grading than I do deemed it an A or B coin for the grade. Even dealers I know that are anti-CAC have great respect for John Albanese. This doesn't mean I only buy CAC coins or that I have never passed on a CAC coin. But I appreciate the company and think it has had a positive effect on the hobby.

    For whatever reason, a lot of collectors on coin message boards tend to believe they are as good at grading as professionals even though the professionals have done it for a living for years or decades. For most of us, it is a good thing to admit that professionals know a lot more about coins and grading than we do.

    For those that don't like CAC, I would suggest they either not buy CAC coins or ignore the stickers in their buying decisions. However, 900Fine said it very well here on another thread -- I seem to be seeing the stickers on a lot of the nice coins I come across.

    Finally, something people forget is the sticker is not just an indication of an A or B coin within a particular grade, but also a guarantee against coin doctoring and an offer to make a market on the coin. In other words, CAC stickers the coins they would be willing to buy.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    There is some truth in your comment, but it is also misleading to a degree. For CAC will not buy all coins they place a sticker on - but they will buy some of them.

    And it is important to note that they will pay wholesale - not retail. In other words, you could just as easily sell the coin to any other dealer for the same price.
     
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