National Remove your CAC sticker Month

He got it from George.........

 

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Mandy, I would send these PM's to a mod or Peter. There is absolutely no excuse for this ever, and I would say let a moderator know about it.

Chris

 

How is CAC keeping the market from being "fair and open"? If you do not like their service, don't buy CAC certified coins.. its as simple as that. If you or anyone else cannot see value in a service that can give collectors added confidence, fine. The fact is a fairly large percentage of the collecting public cannot grade much less identify an A, B, or C coin, regardless of it they will admit it or not. If CAC certification allow such people added enjoyment and/or confidence in the coins they buy, who are you to try and take this from them? There are so many other genuine scams and ripoffs in this hobby/business that I cannot help but wonder why a market accepted and valuable service bothers some so much. Its rather unfortunate that some are so closed minded (OP excluded as she has shared intelligent opinions) that they will publicly knock something they have little or no experience with. Here is a good example;

How difficult is it to understand that its not the bean that drives prices higher? Tear the sticker off and place the coin in front of experienced/knowledgeable people and see what happens.

A variety attribution sticker.. apples and oranges.


On a side note, if the OP is getting threatening emails over this subject, someone here clearly has a problem. Let it go.. if you do not like CAC or the service they provide, don't use them. There are quite a few of us who are pleased to have the sticker mill and will continue to make use of it.

 

Echo that......

 

I wouldn't be surprised. How come they never
quote Mencken?

 

Because not everyone will be comfortable with the TPG's opinion and the CAC would help market the coin and make it more liquid.

 

Thats what I do. I personally dislike both, but buy them if I need the coin and smash the slab in the doorframe of a safe to remove the coin. For me, a numerical grade is the absolute least important aspect of a coin. I believe thats what Chris was aluding to when he was ganged-up on for making a similar quote in a way some misunderstood.
Guy

 

Danged if I know. Frankly, I've always enjoyed his writings. Love this quote the best......

"No one ever went broke underestimating the taste of the American public."

 

And are all of you cac haters as anti-tpg? I wonder why you cac haters haven't cracked your tpg coins first. Or even why you are buying a graded coin to start with - because guess what, you pay a premium for a graded coin to start with. And I believe you will get any experienced dealer or grader to state that there are a,b,c coins in any grade and they are all graded correctly. In order to hate cac you need to hate tpg's first - they started the process and cac is just giving their opinion.

As far as I am concerned I have seen enough CAC'ed coins to know they identify the upper end coins for the grades and coin types I collect(or use to collect). They are not perfect, but another professional opinion never hurts on a coin. And when you get to some of the higher end quality stuff it does make a difference. Still I would not buy a CAC coin sight unseen. Heck some of the really choice coins will drive a premium with or without a CAC sticker.

The worst thing I saw a dealer do was put the CAC'ed green bean coins next to his non-cac gold coins. All saints - it was easy to see why the cac'ed coins were the choice of the two. At the same time the premium was so small it really did not make a difference.

 

An avid CAC supporter or is this another issue? Lol!

Before Id sympathize, Id like to know what thats about. She may have a broader definition of "threatening" than most people that errs toward sensationalism. I could be completely wrong.

 

Yes - forward the PM to Peter on a moderator. They will get it stopped.

 

I understand, but either way believe it would be best to have mods handle the issue.

 

Oh me, me, me, me, me! (Arnold Horshack impression), "oh, oh oh oh, oh oh oh". Does that reference date me?

Seriously, I am for TPG for authentication and prevention of buying doctored coins, and have said so hundreds of times. As for anyone else wishing to collect whatever they wish to collect, more power to them and god bless. We always need to remember we ALL are goofy to 99% of the population for collecting little old pieces of metal, so who I am to say anything you wish to collect is any weirder than another?

Chris

P.S. I actually had high hopes for CAC. My main issue is I do not know who's grade they are even certifying. When they give it a bean for being a good 65, what grading standard are they using in saying that? If CAC used something like ANA standards, and applied it evenly amongst all TPGers, I would be thrilled with the service, and hope it got bigger and bigger. Heck, I would buy some.

 

And I remember when Travolta had hair.......that 'dates' me too, Chris.

 

Anti? Not really. I buy slabbed coins sometimes, but I personally dislike them for reasons that have nothing to do with the TPG itself. They just have no place in my collecting. I don't collect to profit. Infact, I believe the sole intent to make a profit is not defined as collecting at all. All the talk of "liquidity" has me laughing, which is nice after a long day at work. Anyone who thinks even the most valuable of coins encapsulated and beaned are liquid assets don't know what the meaning of liquid assets are, and there isn't one owner of any high dollar coins that would tell you otherwise. People who seek liquidity should buy a few acres of land in Park City, because theres never been any in coins, and no sticker is going to change that.
Guy

 

Right on.

 

I'm not very big on CAC. I won't pass on them, but I won't pay a premium either just because it has a sticker. Any and every coin, raw/graded/stickered has to pass my grading standards and my eye appeal. Simple as that.

 

Yes - it does date you. But then again I remember the show also.

I did not actually place you in the haters group where you were grinding teeth and frothing at the mouth because people like CAC. I have no problem with someone who does not like CAC, or who disagree's with what they are doing - but to come across as frothing at the mouth rabid about it does not really work. I mean to get that rabid about CAC you should be just as rabid about tpg's - they are what brought about CAC. Without the tpg's there would not even be a reason for this whole thread - so why hate cac when the tpg's are the root cause.

 

Who's Arnold Horshack?

 

That's exactly right, Mark. And that truth is the antidote to this thinking :

In that statement, the author fails to understand a enormous and irrefutable fact :

NOT ALL MS64s ARE CREATED EQUAL.

Even a beginner can look at a pile of coins - same denomination, date, mint, TPG, and grade - and see that. There is absolutely no doubt that some MS64s are better than others.

And that is all CAC is doing - simply endorsing the ones they feel are strong for the grade.


Dubious ? Misleading ? Fudgeable ? Deceitful ?

No.

Those are very serious allegations and should not be thrown around so flippantly.

All this talk about ethical violations and lawsuits is poppycock.