I've seen a dozen examples of coins I definitely think CAC should NOT have stickered. There have been some real head scratchers, and this is coming from a CAC-fanboy. BUT, do you want to see something way more scary to me? Try looking at the thousands of examples of coins that NGC / PCGS should not have numerically graded.
There is little doubt in my mind, that this sticker has been hyped to boost/inflate retail prices. After all, Albanese was co-founder of PCGS and founder of NGC, hence accepting only PCGS and NGC coins to be considered for the green bean.
Interesting...IMO, there's only one reason this coin, as example, was stickered...to inflate the price. https://coins.www.collectors-society.com/wcm/CoinView.aspx?sc=292322
Not sure what you mean. I paid a price I was comfortable with for a coin that I love. That is one of my favorite circulated coins. Why do you assume the price was inflated? On this coin, I paid retail at a retail venue (eBay). But are you aware of have sent hundreds of coins to CAC myself. There are fees of course, but the price on those coins wasn't inflated by your accounts, they were bought naked (no sticker). It sounds like you are not a fan of CAC, that is great, there are thousands of other collectors that also don't care about, don't understand, don't need, don't want CAC, or CAC-like services. Some people dont even want or need the TPGs! So, I am not sure why you care if I supposedly overpay for something that I collect, like coins that are in TPG plastic with pretty green stickers. Worst case for you, you can just Laugh at me and buy the cheaper non-CAC coins.
I don't know if you overpaid for this coin...which I choose at random...as long as YOU are happy with it, that is all that matters. But if the sticker is such a big deal, why wasn't it graded at f12 to begin with. Yes, I believe green sticker is all about the $$ as I stated above.
That Barber is a nice looking coin that is much more original and attractive than many other higher grade examples in TPG holders that have been dipped to death. It definitely deserves a premium with or without the sticker.
I think you may have a misunderstanding of what CAC sticker means (or is supposed to mean). See this article I wrote, which is my interpretation for the masses: http://www.geekprydecoins.com/Pages/Thoughts-on-CAC
Where is this magical list that you refer to that states what a coin in X grade is worth? The coin is bought by someone who determines what its worth to them, not some price list. As for the bean, when if first come about, I was not a fan either but now when looking at potential purchuses I don't waste my time I go straight to the CAC coins first, then if there is nothing that trips my trigger then I look at non CAC coins. There alto of dealers that won't even look at an NGC coin if its not stickered. Remember quality coins are not cheap and cheap coins are rarely quality coins
I never referred to any magical list, just guidelines that are published and recommended by the experts. Most have missed the gist of my original post...the huge premiums that some sellers "believe" the CAC sticker dictate. Here is another example, and it was easy to find...I based the market value on the average price for that year and grade from Redbook and Bowers guide. And I would argue that the less expensive coin has better eye appeal. How can the CAC coin possibly be worth 105% more than the second coin? You can get a ms65 slabbed BIN for 165 to 180!! Please...teach me something Koinjester. http://www.ebay.com/itm/1899-O-MORG...492?pt=LH_DefaultDomain_0&hash=item463d41ce14 http://www.ebay.com/itm/1899-O-NGC-...744?pt=LH_DefaultDomain_0&hash=item4d3478a5a0
He was there for the inception of market grading, too, I'll bet. Without market grading the TPGs would actually have to know how to grade.
You have to compare apples to apples, 1 is a rattler holder that brings a small premium. 2 your showing asking prices not not completed sales. 3 Pcgs almost always brings more $ than NGC. With Morgans and completed sales if you find one that stands out higher price wise you have to figure out if its a special VAM.,It seems about every series is getting a specialist following. Example: Early large cent - sheldon Half cents - Cohen Half dimes - Valentine Seated dimes - Fortin Seated Quarters- Briggs and the list goes on and on. Find 2 common nothing special (variety/die state/old holder) coins then compare completed sales. Will the CAC coin bring more? More than likely, will it be a large spread? Doubtful.
