Hi everyone. I havent been here in a while. But Ive been collecting. Anyway, I am sure this has been posted, but there is a new grading serice out that will grade the newly formed CAC certification. Just kidding. But it could happen. And where will it end? And I just found out that the president of ANA has his fingers in everybody's pie. ( NGC PNG PCGS). Easy to see why Ebay was convinced to accept only those grading services. Anyway, its good to be back on here. Hope we all can discuss more in the future.
Could you provide some details and explain what you mean by that? Thanks. Also, you left out ANACS, as well as ICG from the list of grading companies that Ebay accepts.
lately it seem anacs and icg are interchangable with graders jumping ship from each service and going to the other. png did a survey and submitted it to ebay citing only those services I mentioned..yes and anacs and icg, as the ones coin dealers use. but they submitted a false survey, leaving out other service that dealers use. And the survey was paid for by ana.
If you are purchasing coins that look like your avatar, I would agree. However, a number collectors I know and respect disagree. Personally, it sounds like a great idea, but I will wait and see its effect before judging one way or the other....Mike
Because I think it was set up for investors only. And agree or not; there are some collectors who are also investors, but there are no investors that are also collectors. CAC stickers can add 40 to 100 dollars more for a coin. Maybe even more. For the average collector that seems, I dont know....an unscrupulous cost. Then again, Stack's and Heritage have no use for the average collector
You sound jaded, what happened? Is collecting no longer fun? I can't speak for Stack's, but heritage is built upon it's dependence on average collectors. The big coins get the headlines, but by far the vast majority of our sales are coins under $500, which is the core of average collectors.
I strongly disagree. CAC has its detractors, but it is starting to take hold and a number of entities are very pleased. In particular it is very good for NGC, since NGC CAC coins sell on par with PCGS CAC coins of the same date and grade, so coins where there is a spread between the 2 services, the CAC sticker eliminates the spread and they trade on an equal basis. That means that the quality of NGC slabbed coins is improving, as all there best work (i.e. their accurately graded coins) will be left in NGC slabs instead of being crossed into PCGS plastic. This is better for dealers too because CAC submissions are cheaper than PCGS submissions, so it saves us money that used to go to PCGS. I guess this is only really bad for PCGS. Anyway, this is an endeavor that has already begun to catch hold in some circles and based on John Albanese's past record involving starting grading services this is going to succeed.
Well I guess I am looking at a different Heritage. Because I never see ''Heritage'' auction results on line or in the trade papers for all those coins sold for $100-$400. As far as collecting. It will never lose its fun for me. Even if theres no profit in it. What makes me cringe is all those on here who denegrate Ebay constantly, but still bid for coins on its site. And the others here that gripe and moan about the outrageous prices that NGC and PCGS charge and how they hate them, etc.. Yet the all submit thier coins for that magical hologram and inert plastic. Why do they put up with that which they proclaim to disdain? Because it means more profit. Ah, now thats a true collector.
LOADING... Art » Fine & Decorative Texas Art Illustration Art American Indian Art Coins » U. S. Coins World Coins Comics » Comics Comic Art Currency Entertainment Memorabilia Historical » All Historical Americana & Political American Indian Art Books Civil War Manuscripts Natural History Photography Space Jewelry & Timepieces Movie Posters Natural History Rare Books Sports Collectibles Stamps Heritage Auction GalleriesHome Auctions Buy Now To Sell My Heritage Reference FAQ Contact Us Welcome Sign-In | Join Now Category: All Inventory Items > Proof Washington Quarters $950.00 1951 25C, CA Add to MyWantlist Add to cart MyBids | MyTrackedLots | Join Now | Bidding Guidelines BP - Buyer's Premium A "Buyer's Premium" is charged in addition to the successful bid according to the rate defined in our terms and conditions. Opening Bid The opening bid is the minimum amount required to begin bidding, and is generally a percentage of the low estimate. Description 1951 25C, CA Truthfully. I've never dealt with Heritage . But this seems more for the ABOVE avaerage collector Price Guide* Grade Coin World (Coin Values) Numismedia Retail Numismedia Wholesale Numismedia NGC (nmn) Numismedia PCGS (nmp) PCGS Price Guide 66 $70 $375 $300 $260 $275 $550 67 $100 $1,030 $825 $700 $800 $1,350 68 --- $2,930 $2,250 $2,000 $2,200 $5,750 *All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information. Population Guide Service Grade Population in this Grade Population of Higher Grade Population in All Grades Mintage Engraver PCGS 67 35* 4* 128 0 NGC 67 89 20 221 *This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auction Galleries. Photographs
CAC was formed by dealers for the benefit of dealers in order to generate higher prices for certain coins. The idea is to "create" a market for "stickered" coins, and based on the fact that dealers are funding this project to the tune of $25 million is proof positive that the idea here is to make money. Any benefit to collectors is a secondary consideration. In John Albanese' own words, "roughly 5 percent of the certified coins on the market are dragging down the prices of the remainder of the market". In addition, this concept is tantamount to adding another dimention to the 70 point grading system by separating those coins that are alleged to be superior for the grade from the rest of the pack. Sort of like creating an MS65.6 grade for certain MS65 coins. The benefit here is that collectors and investors can pay the freight to have someone else do their cherry picking for them whereas the collector who has been cherry picking for years will now basically have to pony up or be shut out.
Actually, in large part, CAC was formed in order to generate a trading network for CAC approved coins. In addition to that, whether you choose to believe it or not, a number of the dealers behind CAC do care about their clients and the problems with grade-flation and problem/doctored coins getting into holders. It is not just dealers who suffer from the inferior coins dragging down the market for the good ones. On the contrary, it is the collectors who own the good coins who are harmed the most. And, if higher prices are generated for the good coins due to the presence of CAC, collectors who own and/or sell those good coins stand to benefit, not the dealers who might have to pay more for them.
Mr. Feld, Are you the same Mark Feld who is a consultant to CAC? Of course I believe that dealers care about their clients. Thats part of a good business model. But lets be realistic here. Dealers go through an exponentially greater number of coins than do collectors, and since all submissions go through dealers, it stands to reason that the primary benefactors of this process are those dealers who can identify a coin that could meet CAC standards. Further, the emphisis is on "rare and high end" coins which are geared more toward investor types than collector types.
Yes, I am the same Mark Feld. Dealers will be submitting coins on behalf of clients too, and collectors will be able to submit their own coins at no charge at selected shows from time to time. I do agree with you that the emphasis is on rarer, more valuable coins, but those are often the ones for which another expert opinion might be advisable and beneficial if a collector is considering buying it. Please know that while I support the general concepts of CAC, I do not think it is for everyone and I still don't advocate buying coins on a sight-unseen basis.
