My visit to CAC today!

Check this out Mom.......


http://www.caccoin.com/about-cac/

 

Log in or Sign up to hide this ad.

They accept all coins in the Redbook.

 

ms64!

 

I don't know if anyone ever answered this question directly. CAC is a company that puts stickers on coins already certified by NGC or PCGS. Basically grading the graders. You get a certain collored sticker if they agree with the grade, a different color if they think it is premium quality for the grade, etc. Someone could probably explain the details better...

 

Well... not quite.

 

Green means they agree with the grade and it's a A or B grade coin.
Gold means they feel the coin is BETTER than the listed grade. Very tough to obtain!

The reason they were started is due to the number of problem coins ending up in problem free holders, and coins being overgraded. Basically to protect the collector.

 

That Pan-Pac is outta sight!

 

Nothing later than the 1940s, with a few exceptions.

 

Actually they take all Walker and Franklin halves as well as Washington quarters.

 

Yep, and some modern cent varieties, the exceptions.

 

Awesome group of coins, Ankur. Very, very nice.

If you don't mind sharing.... Which ones didn't pass and why?

Just curious as I've found in my submissions that I learn more from mistakes than success, and was hoping to learn a bit more vicariously through you.

Thanks in advance...Mike

 

Congrats and love that 1793 Liberty cap. Very sweet indeed.

PS - I have a spot in my album it would fit nicely in.

 

How do they determine the price they will pay

 

Mike,
Here is one of the rejects. I bought it solely for resale in the first place and my plans are unchanged. It did not sticker due to an old cleaning. I didnt see the hairlines, so will have to take a closer look.
I cant post the other one for a few reasons.

bkozak: Im not sure how they determine their prices. Johns bids on certain coins are available only to a certain dealer network, not to the general public.

 

The process of finding out what the CAC bids are on a given coin is to either consult Bluesheet which now lists CAC bids on the third week or contact CAC or a CAC authorized dealer.

 

I understand completely. Thanks for sharing what you have.

 

That is the whole issue in a nutshell. They don't grade coins. They grade the work of other graders.

 

I don't tend to reague threads that have been thoroughly exhausted. i will sometimes refer someone to the thread, which I just did recently on this topic actually.

The forum doesn't want to go through that again...right.

 

nice toners

 

Why? Allows PCGS & NGC to sort and grade. CAC puts the stamp of approval that either TPG got the grade right.....at least according to CAC.