Grade Inflation or Why is midrange UNC gold all junk?

I have only one CACG graded coin, and I like it very much. They called this AU-55. I paid a premium for the grade. I think that it is an AU-58, but so what?



Some of the CACG coins I have seen were very conservatively graded, but the huge premiums the dealers wanted offset that completely and then some.

 

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CAC stickers are now getting valued like OGH or Rattler holders....people are posting that if CAC simply sticks to CACG TPG grading in the future and no more stickering, then that makes the existing stickers more valuable.

So people are bidding them all up, but especially the PCGS+CAC combo.

 

Somehow this all just seems to be getting more and more distant from, you know, coin collecting...

 

You and I disagree on the value of CAC stickers. If I don’t like the coin, I don’t care whose sticker is on it. I ended up not caring for the only gold CAC sticker coin I ever owned. Fortunately I was able to sell it and make some money, but that didn’t change my opinion of it.

 

I think OBSESSING over it would take the fun out of things, yes, Jeff.

I don't consider a small focus to be a problem. And if a PCGS or NGC CAC coin ended up in a CACG holder, I could care less. I'm more concerned with the quality behind the coin than I am with the monetary value that may accrue from the sticker itself, even if the reason for the sticker is somewhat dubious.

 

No, I'm with you on the substance and merits....I still LIKE having the CAC just to confirm luster which is my big thing.

A 1927-D Saint owner requested a LOWER GRADE so that the coin could get a CAC rather than be higher-graded without !!

CAC stickers and old holders now have value....the poster known as "EliteCollection" who owns the 1933 Saint recently bought one of the 1st coins ever graded by PCGS. The coin was basically not much, it was all about having one of the earliest coins graded by a TPG.

Buy the holder, not the coin.

 

And while this still seems to me pretty much divorced from coin collecting, I guess there's nowhere else to put it.

 

Holder collecting !!

Question: can I put my valuable holders....in a holder ?

To protect them, of course.

 

Hefty makes them, a set of 20 is $4.98

 

Yes, indeed. I have a friend that is a sophisticated coin and currency collector, among other interests. And he has an extensive collection of, yes, slabs. He can tell you anything you want to know, and much you don't, about these things.

And yes, there is a market for such and they fetch good money.

Now it's not my thing at all. But I don't begrudge anybody their freak so long as it's not illegal, immoral or fattening.

There was some research by the Greysheet folks and others a few years ago documenting exactly this - how some green bean coins were fetching more than the next higher grade without a bean.