Your Knowledge or Fact / Regarding Coins with CAC

There are places that a line like that might get you assaulted.

 

Log in or Sign up to hide this ad.

That's really cool, Doug. I have a seal of approval I like to use too.

 

1. It doesn't matter to me if a coin has a CAC sticker or not. I can see if I agree with the grade by looking at the coin.
2. There are many people who will only buy CAC coins. These people have a smaller supply of coins to buy from, and as a result those coins have more demand than equivalent un-stickered coins. Prices can go higher on them as a result, but not always.
3. There isn't a set amount. Sometimes a CAC coin will sell for more, sometimes it won't. It's not worth anything extra to me though.
4. Definitely yes, due to #2.
5. Yes.

 

Quite the Photoshop maven, I presume.

 

Tough to get them on expensive coins.

 

I hope to have my duty schedule soon for ANA Orlando. In Atlanta a few years back, they put me in a pirate costume, for Treasure Trivia. Arrrgh.

Almost certain I'll be at Kid's Zone on Saturday morning if pattern holds.

 

Thats a great coin for sure, but I was rather talking about a coin that you would give your sticker or approval in agreement with the assigned grade by the TPG.

I've been thinking about this over the last 24 hours, and I think that it would be a great idea for a new thread: EARN A GDJMSP sticker. People could submit a photo of their best coin and see if you would give it your seal of approval. I know you would reject most of the coins, but think about the absolute pride that someone would feel if they actually got a sticker out of you.

Btw, this is a totally serious idea, I'm not busting stones. I could create the thread, but you would have to agree to do it beforehand. I don't know if it would cause conflict with members because they don't like your opinion if you don't sticker their coin. Let me know!

 

I think cac is overdone and another marketing ploy. CAC implies pcgs/ngc coins are meaningless in their grade. With this logic, do we need an additional grading party to watchdog and certify a cac coin? Where does this finally end? The extra money one would spend for a cac label would be better employed in a reputable coin grading class for oneself.

 

C'mon, you're a smart guy. You can figure this out. The message here is abundantly clear - "only John Albanese's opinion counts for squat". More false idol worship. Until there is a way to discern the difference between a coin that CAC has never seen vs. one they've seen and opted not to sticker, the whole subject is a conveniently self-serving scam.

 

1. Do you CAC?
2. Does CAC add value to a coin?
3. If it does.....What percentage of value increase?
4. Think CAC coins are eaiser to sell?
5. Does CAC add prestige to a coins?

1. No
2. None whatsoever - it adds an artificial and perceived value to the accuracy of the TPG's grading abilities only.
3. As much as the people can be suckered into paying for it.
4. I would think there are enough people thinking a double stamp of approval by two systems that started out only on the merit of calling themselves THE experts would have enough of a following that there will always be someone with money to pay for an extra security blanket.
5. No - its a money making scheme that when the original concept of slabbing started out, we old timers were laughing someone would be foolish enough to pay someone, proclaiming themselves to be THE experts, to grade their coins for them when all they had to do was read a little to be able to do the same and save the money. We also joked something to the effect of, "watch, some day some con artist will come up with the idea they can sucker more people out of their money by claiming to be 'more expert' than the self proclaimed experts, and people will pay these 'better experts' to grade the slabs." However, we were, in fact, being sarcastic b/c we knew no one would ever be stupid enough to fall for it. Nothing cruel meant -- this is factually what we joked about.

However, I am hoping people will actually realize the coin is not being affected at all by the slab and sticker. Crack it out and see if people would give you the same price if you don't mention it was slabbed/stickered.

Any additional greenbacks shelled out are only for the perceived value attached to the plastic/sticker a.k.a. the "testaments" to just how expert and just how "better expert" the people making the money from the business clam to be.

...and we continue to see many posts about these experts making horrible failures.

The original schemers have an established market now being built up from from a lot of people who grew up during the years these systems were taking off. Now there are adults collecting who have not known the hobby without these TPGs, making it all the easier for such businesses to continue. Hence in the last year or so there was a company who was offering to verify the CAC sticker with their own sticker! Fortunately it failed...for now. Give it awhile. Remember we knew a scheme like the CAC would always be a fictional joke.

Times change. A hobby is about fun. Despite the words above, I will not knock anyone who likes to collect slabs for aesthetics. They do look really nice in a collection. Its a hobby and fun is the name of the game.

So go for it if you like this area of the hobby.

 

Didn't SEGs downgrade that one to a 64 causing that thread about how much they should be on the hook to pay for it and what labels they actually still guarantee?