CAC no longer accepts Colonial coinage for stickering

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Why does the low volume mean they stop stickering them? They also continue to sticker things like DDO Lincoln Cents for certain Memorial Cent years...I could imagine that's a smaller percent volume than Colonials -- so what's the difference?

This probably means the colonials with the "magic" bean will start to trade at stupid prices. I mean, more stupid than they already do.

 

Most colonial collectors don't like their coins slabbed, probably one reason they comprise such a small percentage of submissions. There may not be enough volume to keep people who specialize in colonials on staff.

 

You still have 21 days... come on... you can do it.

 

Hmm, shucks for people who like cac stickers on their colonial coins.

 

The first thing I thought when I saw this thread title was "Wow, magic beans on existing Colonials are going to command steeeeeeeeeeeeeep premiums in the near future" - and then I saw BRG5658 beat me to it.

 

So you think they are going to change their no modern policy?

 

They already have changed their policy from their beginnings...they started to sticker Ike dollars (in just the past couple years).

I personally don't think CAC cares about where the volume is -- they don't make any money on the review/stickering process. They make their big bucks by "making" the secondary market in coins with their magic bean. The review/sticker process is a loss leader...

If the volume of the colonials really is very low, then I don't understand removing them from the list of things that they will review. It's not as if CAC has to actually grade the coins -- they just have to "agree" or "disagree" with the grade that's already on the slab.

Then again, I don't really understand the whole business model of CAC to begin with. They cater to those who can't think for themselves or who want a crutch on which to build an investment. As a collector (not an investor), I collect what I like, not what John Albanese likes. So, I won't ignore a coin with a bean, but I don't give it an added boost. Either I like a coin or I don't -- regardless of the holographic sparkly magical entrancing green bean.

 

So... if he's "still an active buyer of CAC" coins, does this mean he makes offers on all coins that sticker? How does that work?

 

So you just have to ask him to make an offer on them before he ships them back?

 

Colonials are stupid expensive to get slabbed too $55 at pcgs I think $45 at ngc I gotta check. Why I keep a lot of em raw and I got quite a few in anacs slabs too and I leave them as they are. Unless you got a big dollar colonial is not cost effective. Is why I've never bothered sending any. That and a lot of colonial coppers have some degree of porosity

 

If you are fine with paying 2x more for a shiny sticker than committing the time needed to learn for yourself, then that is your prerogative. Some people value their time differently than others. If you need the crutch, then go for it.

 

Winky emoticons make every statement less insulting.

 

but they don't make them any less true......