Just what we need … another stickering service

David Hall has teamed with Stack’s Bowers to create a stickering service similar to CAC. David Hall is a co-founder and ex-CEO of PCGS. There will be a Collectible Market Qualified (CMQ) sticker comparable to the CAC green sticker, and Collectible Market Qualified Exceptional (CMQ-X) sticker comparable to the CAC gold sticker. See the link below for more info. A picture of a slab with both CAC and CMQ stickers is below. Doubt this service will compete that well with CAC. Personally, I wish all stickers would fall off all slabs that have them.

Cal

Link: https://stacksbowers.com/sbpressreleases/introducing-collectible-market-qualified/

 

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At times like this, I almost wish we had an "LOL" button separate from the "Like" button.

Maybe we should just start making slabs where the label part is as tall as or taller than the coin part, with the aim of collecting signatures or stickers from everybody who thinks they're anybody in numismatics, short-snorter style.

 

So now we add $100+ in grading fees to the cost of the coin?
I say spend that money on a good grading class and return to the days of 2x2’s.

 

One more sticker and you won’t be able to see the coin.

 

If the slab doesn't have a MOOSE sticker on it, well it's not worth owning

 

What's the saying?
A fool and something build it and something.

 

The sticker craze is the reason why I scaled back my U.S. coin purchases. If I like the coin for the price, I buy it. If I don’t, I pass. If it has a sticker, that’s okay, but the sticker is not the determining factor for me.

If people have followed CAC from the beginning, they would know some of the politics that has been involved in it. I have read about and seen coins that CAC bought off the market so that they could take the sticker off because it never should have been there in the first place. How does that happen if CAC is “perfect?” CAC does not sticker colonial coins any more because they once approved a piece that turned out to be a counterfeit in a slab.

Some dealers complained when they didn’t get the sticker. Did they quietly get one later because they are CAC market makers? Who knows?

This latest move, I believe, is an effort for Stacks to make up some ground on Heritage. Maybe a Heritage sticker is in our future.

 

Slabs have their place because of the counterfeit problem, but too many stickers is undesirable. Pretty soon you won’t be able to read the grade because a sticker is covering it.

The coin above is the “mall stars rev” variety.

 

I'm glad I never got into that "mine is better than yours" trap.

 

At this point, I think that most of us can agree that the primary value of a TPG is in the authentication service, especially where high value items are concerned. As for the numerical grades, gradeflation has made distinctions between grades virtually meaningless. Buy the coin, not the holder, unless the holder is used to verify authenticity only.

 

Here is one done by a dealer that deems the coin white.

 

Wonder if the sticker will last longer than the white surface?

If I wanted to trash the dealer's reputation and didn't mind trashing a coin, I could probably turn that coin black in its slab in a few hours.

 

Just create a new sticker that covers the entire original label. You can not only change the grade, you can make it appear from anyone’s collection.

 

Now, take that idea a little further, and imagine a sticker large enough to cover the coin...

 

There’s always a sticker to certify another sticker.

 

I'm gonna start selling slab boxes with extra space between the slabs to accommodate the thickness of multiple layers of stickers.

 

Novel idea. Lol

 

I love it, as I have slabbed Gold coins from VG to PR70 with a 3/4" square label stating $BUYBACK, and a figure which is my purchase price plus 10%, for which the coin can be purchased.

It is also the repurchase price.

New collectors love receiving a photo of several slabs from which they can make a purchase selection in privacy, knowing the specific cost to acquire, a condition generally unavailable otherwise!

I generally acquire desirable coins for the average collector, based on condition, type, and cost, that increase value relative to average coin value conditions.

The price shown will usually be less than commercial offerings.

"Collecting" can be a fun hobby!

JMHO

 

With all the talk about how great CAC is, I have not seen it do much of anything about the gradeflation problem. They have pretty much gone along with it.