3-1/2 years since its inception, I’ve finally bought my first CACG coin!

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I think the worst thing about the CACG slabs is that there’s a green CAC bean icon even on “details” coins…. at least, if you keep the bean, make it gray or a more neutral color, but not green.

 

It took me some times but I have had several now. Some I have moved on from but two are currently in the collection. There is a generic plastic box that holds all the main grading service slabs and they can be had for $10, so that is an option for those that want to store all their slabs in the same box.

Edit: this is the box:
https://www.amazon.com/MUDOR-Plasti...75438893&sprefix=slab+box,aps,155&sr=8-6&th=1

 

Although I finally bought my first “bean” coin very recently, I will not be actively looking for a CACG slabbed coin any time soon. The main reason for that would be that it would not go into my registry type set.

 

I have all of 2 CAC slabs now, in both cases because I couldn't find the desired coin in ngc/pcgs for anything resembling a reasonable price... Also I trust their grading.. though the real test will come when and if I send them in to NGC for regrading lol...
I agree the slabs is too thick and bulky, but you buy the coin, not the slab

 

I have often wondered about the cross over game with CACG - not sure of why I thought of that just now, but it took me a while to finally get one also. Bid on several on heritage but never won. I am working on kind of a type set - the problem is I buy multiples in a series. This one I just loved the color on it and the strike for AU58 coin. I would buy more like this one if they show up without super big premiums on them. I know one dealer had some common a common date morgan with multiples from PGCS and NGC, but the cacg coin was like $40 higher on like a $200 coin. As far as I was concerned a couple of plain old PCGS and NGC coins were just as nice. Oh well - just my large cent worth of opinion.

 

Some dealers price their CACG coins using the premium values for a PCGS/NGC coin with a sticker. One can argue that does not make sense since the coins isn't "double" certified but on the other hand, CACG can be more conservative so the coin might be nicer for the grade (not always and of course one has to compare the coins and not assume one is better than the other).

 

Interesting - I never really thought about how they came up with some of the premiums. Like you mentioned some are really nice for the grade and deserve a premium and some not so nice. I think that is why I like in person shopping at the local shop - we can talk about the coin, price and anything else that pops into my mind. A good place to shop if you really know your coins and like cherry picking varieties.

 

Well, it is their logo. When it's on their own slab, it's nothing more than a logo. When it appears on a slab that's not theirs, it's their approval of the grade. Not really hard to figure out.

The big issue I have with the details-graded coins is that when there is a market-acceptable problem with a coin that PCGS or NGC would straight-grade. The easiest example for this is a cleaned coin. CACG will use the terms "cleaned", "harshly cleaned", "wiped", "brushed", and "polished". There are a few that mean "totally trashed", which they will return unholdered. Maybe harshly cleaned is one of them, now that I think about it. If you break down "cleaned", this can cover everything from a hard-to-detect old cleaning that's toned over to an obvious cleaning. These are different in the marketplace, but the same coming out of the grading room. There's currently no scale in place for the severity of a problem.

The pecking order as of last big show I was at (FUN) was still PCGS+CAC, followed by CACG, then NGC+CAC, PCGS, NGC. Having the coin "double graded" is still a big deal, but people are starting to submit crossovers or crack-outs to CACG and taking a downgrade. When CACG started, NGC+CAC was considered more desirable, simply because there was no track record yet. I imagine in a few years, a larger percentage of NGC+CAC coins will be old holders that plastic collectors don't want to lose.

 

I bought my first one about two months ago. It's an 1872 Indian Cent. CACG graded it AU-55. It looks like an AU-58 to me. Given that I paid AU-58 money, does it matter?

 

This is my only one at present.