Question — anybody know how backed up CAC is these days?

Yes, it is going to be at least 5-6 years.....being new and all, and so much competition to deal with and not enough qualified Graders, and no history.

It is not like collectors are going to submit previous CAC coins for an "L" status designation. That would be silly.

Maybe you should pass.

1,000,000 divided by 15 = 66,666 a year. Plus, we all know what those many #6s mean...the mark of the beast and all.

I know stuff.

 

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Thanks Charley. Good point especially on the L issue - Somebody shelling out more money plus putting expensive coins at risk during shipping. Not something I would do.

 

Additional information
To be an approved grading service on eBay, the grading company must, at minimum, meet the following objective criteria:

Coins

• The service has graded at least 50,000 pre-1956 coins
• The service provides a live, online & accurate population report
• There are at least 3 graders on staff who are considered numismatic experts. A numismatic expert is an individual who has been a full-time numismatist for at least 5 years. At least 1 of the graders should be a member of the Professional Numismatists Guild, and all 3 should be members of the American Numismatic Association
• The service provides a written buyback guarantee for coins later determined to be counterfeit, damaged, misgraded, or misattributed
• Slabbed coins must be encased in a unique, tamper resistant holder with anti-counterfeiting measures (such as a hologram or other method)
• The service enables online verification of unique serial numbers

Here are the actual requirements, but I'd be surprised if CACG slabs are not allowed from the get go. At the end of the day, eBay's main concern is their bottom line, and it would be foolish on their part to ignore the existence of CACG slabs when they will be readily accepted by the other venues. eBay is FAR from a market maker with respect to moderate-high value premium material, so as far as I'm concerned the eBay issue is largely irrelevant.

 

I think that all of the graders are backed up. It took me three months to get three pieces of Confederate paper money graded from NGC. They were sent economy, but they really were not worth enough to do anything else. Even so it was 10% of their value and sort of not worth it.

 

I don't think people are listening to what JA was saying about CACG. If people think it's a replacement for PCGS and NGC they will be surprised.

He has ZERO interest in volume, ZERO interest in cheap coins, ZERO interest in appealing to the mass market.

If they can't be listed with a grade on fleaBay he won't care.

CACG is going to be a service for the $1,000 & up coin, maybe the $5,000 and up coin.

And it will charge prices designed to reduce demand to what their pool of 3 graders can handle with every grader reviewing every coin.

 

Coins finally came back new thread for results


https://www.cointalk.com/threads/results-from-cac…little-disappointed.405827/