An inconsiderate way to add CAC status to a registry.

Discussion in 'Coin Chat' started by calcol, Jan 13, 2023.

  1. calcol

    calcol Supporter! Supporter

    Both PCGS and NGC have CAC in their registries now. However, both may regret it as CAC becomes a primary grader and competitor. However, PCGS does it in a way that makes the influence of stickers optional for collectors. They have separate registries for CAC coins and coins that may or may not have CAC stickers. A collector with no stickered coins can still score high in registry categories that don’t require a sticker.

    OTOH, NGC gives extra points for stickered coins in every category that CAC evaluates. Don’t want, like or care about stickers? Tough! You have to compete against stickered coins, which get more points, whether you like it or not. I obviously don’t like it and am glad I have only one U.S. set in the NGC registry. World coins are immune from sticker infection. Both CAC and NGC (see note below) are privately held companies, and it’s possible there is some common ownership. If so, that might explain the way NGC adds points for stickers.

    BTW, I have nothing against CAC or stickered coins … I own a few. I just don’t think stickered coins should automatically get more weight in registries.

    Cal

    Note: NGC is ultimately majority-owned by Blackstone, a publicly traded company. But there could be private partners or shareholders in NGC and its immediate parent, CCG.
     
    Last edited: Jan 13, 2023
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  3. charley

    charley Well-Known Member

    I don't think you meant to type this.


    No.

    Highly unlikely.

    Maybe share the thoughts from another angle:

    CAC Registry open to NGC and PCGS. Then...?

    What about Eagle Eye Stickers?

    I understand your concerns, but I do not see the detriment that you may.
     
  4. calcol

    calcol Supporter! Supporter

    Charley,

    Thanks for the correction. I did an edit so it reads "Both PCGS and NGC have CAC in their registries now." Need my second cup of hot chocolate. :) Cal
     
    charley likes this.
  5. medoraman

    medoraman Supporter! Supporter

    The whole idea hurts my brain, sorry. First we had coins, we collect coins. Then we had shenanigans and paid for a third party to grade coins on their own made up grades and put them in slabs so we cannot touch them. Now we have ANOTHER company judge whether the first grader used their own made up grades were applied properly according to this new parties interpretation of grades.

    So at least 2 different companies are getting money from our hobby to apply their own grading system that is not the same as the official grading system hobbyists have. What is next, (I hate to say this since it might come to pass), another company grading the condition of the plastic and sticker, (mint with mint tags beanie babies anyone).

    Sorry for the rant. As someone who collected before slabs, just wondering how we got so twisted that we pretty much ignore the coin that we supposedly collect and argue over what for profit firms' opinions are of it. If you like a coin, why does it matter if its MS66, MS66+, MS66+ green bean, etc etc? I would not have posted this is the thread was in the US coins forum, but given its in Coin Chat I thought it was a fair discussion.
     
  6. charley

    charley Well-Known Member

    I don't think the coffee is working..."PGGS"...(don't hit me I am old and fragile).
     
  7. calcol

    calcol Supporter! Supporter

    Thanks again. I think I finally got it right. Time for my nap. Cal
     
    charley likes this.
  8. atcarroll

    atcarroll Well-Known Member

    Coin collecting is a competitive sport now.:facepalm:
     
  9. calcol

    calcol Supporter! Supporter

    Has been for a while.
    dribbble.gif
     
  10. Jeffjay

    Jeffjay Well-Known Member

    I have always kind of understood the grading and slabbing mainly for coin authentication. When people started grading the already graded coins I thought that was way over the top.
     
  11. calcol

    calcol Supporter! Supporter

    When I first started collecting US coins in the 1980s, I got cheated so many times on grade that I switched to ancients. Any US coin I bought, even from well known auction houses or dealers, went down in grade or had problems when I tried to sell it. And yeah, I studied grading in books and at my local coin club. Didn't matter. Sell over-graded, buy under-graded seemed to be the rule for dealers. Quit with US coins until 2012, and now buy only NGC/PCGS coins except for rare purchase from the US Mint.

    Cal
     
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  12. Jim Dale

    Jim Dale Well-Known Member

    Boy! That's a lot of information to understand. I'm glad that I don't have my coins slabbed, although I have bought some slabbed coins, not because it has a slab, just that the coins I buy look good. I'm 75, and probably not live long enough to sell them. I'll let my son decide what to do with them. He started collecting baseball cards when he was 12 and comic books too. Now he wil have a coin collection.
     
    calcol likes this.
  13. -monolith-

    -monolith- Supporter! Supporter

    Only on auction day. Let me get my mouse clicking finger warmed up....
     
  14. johnmilton

    johnmilton Well-Known Member

    It seems to me that NGC dropped the CAC bonus from the registry points. It seems like the few pieces I have with the sticker are no longer getting extra points. I might be wrong about that, but it seems that way to me a few months ago.

    Since I have switched to more British and Roman coins, I have been updating my NGC sets that much. The item I acquired was an 1824 half dollar in NGC MS-64+. It doesn't have a CAC sticker, but it's better for the grade assigned than some of the CAC approved coins I have.

    1824 Half Dollar All An.jpg
     
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