Certified Acceptance Corporation

Does this added certification add value to a graded coin?

 

Log in or Sign up to hide this ad.

some think it does, some think it does not, the question is what do you think?

 

I don't know....that's why I asked?!

 

Do a search of CAC on these and the NGC boards and you will find many heated discussions and may even find a post or two with sound logic embedded inside. Unfortunately, many posts regarding CAC have been pulled from the PCGS boards so a search over there might not help much.

I have found that with my clients that coins priced above $1,500 or so move faster with a CAC sticker and that those without the sticker have questions asked about them. I also don't buy into the pure comparison of coins with a CAC sticker vs. those without since CAC strives to sticker only the better coins within a grade range and attempts to exclude overly manipulated coins from their pool. Therefore, in a perfect world, the CAC stickered coins should, on average, be nicer than those not stickered if all coins were sent to CAC.

Personally, I like CAC and am an authorized dealer. I will also include the following bit that I have written many times previously. CAC is a tool that is available to all and, as such, it is quite similar to knowing how to use a loupe; having the knowledge to spot counterfeit pieces; understanding what manipulated and original coinage should look like or how they will likely appear; being able to interpret printed guide prices and auction results; understanding how to grade according to the ANA standards and how this grading differs from the various TPG grading standards; and learning all the options for buying and selling within the market.

Sadly, the vast majority of collectors ignore their study of coinage and thus are not truly numismatists. However, some folks pursue this knowledge and will happily listen to other opinions, regardless of whether or not they agree with those opinions. CAC can help all, but will help those who are willing to accept their help the most.

 

My short answer would be that in my experience it adds liquidity to a coin moreso than price. If one values liquidity then it indeed adds value.

 

Thank you Tom B.
Most helpful!

:yes:

 

This has come up many times on the forum and many times peoples opinions on both side of the fence were so strong, it has turned nasty. Hopefully that can be avoided, but opinions do vary greatly on this subject, so do not expect a clear cut answer.

My opinion is it does not ADD value, but it REPRESENTS value due to the fact it has identified a coin that is solid for the grade or better. So CAC coins do sell for higher prices in the market, but that is because they are superior coins.

 

Oh no.....not this topic again. :dead-horse: Here come all of the "green bean" comments....."groan."

 

The problem is that this subject has been absolutely beat to death on every numismatic forum. Perhaps you can find some of the answers you seek in some of the threads linked below.

Read more: http://www.cointalk.com/t211073/#ixzz24s6OJdGz
Read more: http://www.cointalk.com/t211285/#ixzz24s5C666G
Read more: http://www.cointalk.com/t211178/#ixzz24s4ysDXq

And those are just from the last month or so!

 

I got it! Thanks! Everybody chill! I am the OP and i'm cool!

 

deleted

 

Sorry! Don't want a " edited storm" or a "edited contest"!

 

Hehehehehe

.

 

I'm sorry Mogandude!!, I don't understand? Are you saying a CAC sticker adds value to the coin as fertilizer adds value to the earth? :hail:

 

NO, I LOVE CAC coins. There are others that will unleash a wild storm that has no limits.

 

DUDE ?!?!?!?!?!?!?!?!?!?!?!?!!!!!!!!!!!!!

Anybody want to guess the grade on these.....
PCGS PU69BN...

 

Well, I agree with you Morgandude11 because I think I just paid a significant premium for a coin with a CAC sticker! But I did this because I failed to do my homework on the coin in question and "pull the ebay trigger" too soon and now i'm trying to rationalize that i didn't get burned all that badly because of the CAC endorsement.

However this is a good lesson for me and I will never bid on a coin while i'm laying on the couch watching TV with one eye and one eye on my iPad!
In fact, I am officially never ever buying coins on ebay again!!

 

A new rather large study of this question has just been published. Take a look -CoinWeek on line to download a pdf file.

 

If you give us all the details, we might be able to help you more. Most E-Bay sellers provide a 14 day unconditional return policy in order to qualify for E-Bay's top rated seller discount. I know that I do. If you just made the mistake, you might not have to live with it.

BTW, whether or not E-Bay is a good venue to buy coins is just as hot of a topic as CAC is around here.

 

Tom, your comments made me think about something that I hope you might be able to answer for me. I know the difference between the greysheet and the bluesheet, but if I wanted to sell a quantity of, say, same-date, same-grade Morgans all certified and CAC'ed to a dealer over the phone, should I expect him to use the greysheet or the bluesheet as the basis for his offer?

Thanks!

Chris