The CAC Dreck Thread

Yes! OYSTER IN HALF SHELL is my FAVORITE one with ODOULS... And a little bit of TABASCO sauce..& Lemons..Slurppp~Specially in ANNAPOLIS MIDDLETOWN TAVERN my favorite place to hangout..US NAVAL ACADEMY Tavern of Midshipman & Officers. Love this place...

 

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I remember this coin, wish I had it.

 

My opinion for what it is worth after reading all this about CAC and having sent in more than 200 coins to CAC is they are like having insurance for buyers on ebay, Auctions, etc. People are not always there to look over a particular slabbed coin. Also reading about a 1,2,3 scale I have read about CAC. 1 being the highest & 3 being the lowest. I would have to say 90% of the time CAC will only sticker the coin that rates #1 on the scale. That's what sets them apart and makes the experience of buying a CAC stickered coin knowing you are getting the most upper end coin for that grade. The grading company,s do a excellent job grading coins for the most part and CAC is not there to sticker every coin but the ones on the lowest end of the scale. Nobody is perfect so there are going to be CAC stickered coins that may not be justified but overall I believe it to be a great concept.
Fred Yanner

 

CAC needs to come up with a red bean to signify that a coin is over-graded or poor for the grade. That would help the low-ball collectors. I.e., my P02 is worse than your P02.

 

After reading this thread I wish that I owned some CAC stickered coins. The utter lack of good examples of "dreck" speaks for itself. It's like having a thread for "ugly rainbow toned Morgans" or "Susan B. Anthony's with above average eye appeal"...

 

Okay, I was actually impressed with the toning on some of those coins even if they are Susan B's...

 

Carver-Washington is most splendid. Not a bad word for it. I may be prejudiced.......

 

I think this thread is a bit misled. Most of us who don't really give two spits about CAC coins don't have that opinion because we see oodles of CACed coins out there that we don't agree with. I personally don't pay a single bit of attention to a CAC sticker because:

1) I don't think it is magical like some people apparently do -- I collect coins to my standards, not those of John Albanese. Yes, his is another "big wig" opinion, but the vast majority of slabbed coins in the marketplace have not been seen by JA, so who cares. That being said, I won't turn down a CACed coin that's properly priced and meets my standards.

2) The supposed meaning of a CAC sticker being an A/B coin, is, in my opinion, misleading. The real purpose of the sticker is a stamp of approval for a coin that JA is willing to purchase and/or trade on his large coin exchanges. The A/B explanation seems to be a post-hoc lay-mans explanation that was made up to try to clarify for gullible people what CAC means. It means JA likes the coin and would let it sell on his (for profit) coin exchanges. Think of the CAC sticker as a "some dealers will trade this coin as a trinket without even looking at the coin" sticker. IF you think it means more than that, you're fooling yourself.

3) It is advantageous for CAC to limit the number of submitted coins that they sticker. If they stickered too many coins, the market would not differentiate them in any way from simply NGC and PCGS graded coins. It is a bit of a strange marketing ploy/scheme. As an analogy: Would you pay a professional to work on your car, then take your car to another dealership and have them give their stamp of approval? Do you pay a professional to replace your home's roof, then have another local company come over and inspect it and then put their sign in your front yard? It's just a silly and somewhat "self-aggrandizing" business concept in my opinion.

In summary, if you want to focus your collecting on CAC-ed coins, more power to you. But, you're missing out on a LOT of wonderful coins.

 

Can I send you coins and get them Doug slabbed?

 

My understanding of tpg grading is toning is not considered. They are just grading the coin on technical merits. Yes ngc will sometimes star the coin but the number isn't supposed to account for tone. So I think your examples are flawed. My understanding is you would need to show examples where the technical grade was inaccurate.

 

PCGS has already published that they consider eye appeal and toning to be important attributes of a coin's grade and that these are considered when assigning grades for mint state and proof coinage.

 

Toning is factored into the grade, it falls under the eye appeal category. The toning can have a positive, neutral or negative affect on the overall grade.

PCGS has covered the topic here: http://www.pcgs.com/eyeappeal.html
I don't have the NGC link, but they use a very similar system.

 

I stand corrected. Thank you.

 

I have never owned CAC dreck, as all of the CAC coins that I purchased had eye appeal, or I never would have bought them in the first place. CAC or non-CAC, my first rule is not to buy what I don't like. I've always been positive about CAC, and am not one of the detractors, so I can't post any CAC dreck from my standpoint.