Vavet, Yes, it's simply a value adding service everyone knows this. What can you and the regular knowledgeable collector do? Just walk on by... Take Care Ben
The point is, someone here wrote that heritage sells many coins for under $500. after I read that, I looked on line and could not find one. and for the person who wrote that the grading services often grade for free at some coin shows; well, uh which ones? Maybe at the show in Two Gun, Arizona, but at the FUN show NGC was charging $150 a pop. and as before. There is one fellow here who complains the most about the audacity of the grading services, but he wouldnt consider anything but 3rd party graded coins. And imagine if all collectors just ''walked on by''. How long would 3rd party graders last then? But hey, I only collect for my own enjoyment. My enthusiasm gets the better of me sometimes. I apologize.
I don't know what type of search you did, but Heritage has a large inventory of non-auction coins for sale, many of them priced at below $500. They also hold frequent internet-only auctions, as well as larger sales in conjunction with coin shows, containing many lower value coins. I also don't know where you read that "the grading services often grade for free at some coin shows".
CAC A sound a cat makes when coughing up a hair ball. No real opinion at this point merely an observation. clembo
Craig, I don't mean to speak for Mr. Feld, but I believe you are confusing the CAC with a grading service...Mike
You misstated my comment. I had written with respect to CAC (not grading companies) "..and collectors will be able to submit their own coins at no charge at selected shows from time to time." That is quite different from your statement that you read from me that "..and for the person who wrote that the grading services often grade for free at some coin shows". Your use/inclusion of the words "often" and "grading services" as opposed to my "from time to time" about CAC (not grading companies), amounted to (no doubt, unintentional) distortions of my original remark. Did you check out Heritage auctions and coin listings more carefully for those less-than-$500 coins?
In response to your question Bonedigger, I have stopped collecting as I have several times in the past when the major market players have manipulated the market in order to line their own pockets. Unfortunately, at my age I may not be around when this latest runup washes out. What I find interesting is that this new service recognizes that no two coins of the same date/mint/denomination graded by the same grading service are the same. That won't change with respect to stickered coins. Will we then have another service to differentiate stickered coins?
The idea that not all coins of the same date/mint/denomination graded by the same grading service are the same is certainly not a new one. That is why some people prefer some coins of the same assigned grade over others and why coins of the same grade often bring vastly different prices.
Well, you're still a collector and have valuable input as such, IMHO. When we start relying on others to speak for us, attribute and grade for us - this is when we loose the essence of who we as collectors are. That most certainly will happen when the collector becomes lazy. And, as sure as God made Little Green Apples there will be those who see a opportunity to do what we once did for ourselves -- For A Price... Take Care Ben
I apologize, Mr. Feld. That is what I took your post(#20) as. I do realize that CAC is not a grading service. But it does certify a coin as supreme to others in its class. It kind of is a ''grading something'' I think. A great coin in a 2x2 isnt worth as much as that great coin in an NGC slab which inst worth as much without a CAC sticker. This is only my opinion. You can certainly defend CAC if you wish. But let me ask you this. Would you welcome an entity that came along to grade/certify/give the ole a-ok to a CAC stickered coin?
No apology necessary, but thanks. In answer to your question, I wouldn't care either way if an entity voiced its opinions on CAC coins. All of this talk about grading, etc., boils down to opinions, though some are more informed than others. And I believe it is up to each individual to determine whether/how much he cares about such opinions.
Well I meant that they would charge you for that opinion. If any TPG service just gave me thier opinion and CAC stickers were free, I'd welcome them and have them grade everything I had. Yes Leadfoot, even the one in my avatar. I guess its just I dont see them (CAC) as helpful to the HOBBY of coin collecting, but just another money grubbing company trying to convince everyone how invaluble they are. And how do I know that dealers who work with CAC arent getting a kickback from them to promote thier service. It would be worthwhile to do that if in the long run, investors insisted on seeing that stickeron all slabbed coins. And whats stopping those who formed CAC to place thier sticker on graded currency? Uh-oh. I hope i didnt give anyone any ideas. To everybodys relief, I will no longer discuss this matter.
I just checked here and there are more than 927,000 lots sold in the Heriatge coin auction archives. I then filtered out all lots that sold for more than $1000 and that left more than 714,000 lots still in the list here! When I scrolled through page 1 the highest priced lot sold for $276 and it was the only coin that sold for more than $200 on page one. I wasn't exagerating to say that the vast majority of Heritage sales are on collector coins, not what you are calling investor coins (incorrectly, imo).
First time I watched the SB, and I thought it was pretty good I agree 110%! I've bought a few coins off Heritage and I have yet to spend over $110. When I joined up I got a paper saying that I would get $10 off my first buy that was over $110. That has been at least 2 years and I've yet to spend that much on one coin. Take a look and I bet ya'll will be bidding quite a bit! Speedy
you know i got that paper too i beleive and worse i lost it and completely forgot about it worse still i now remember it that i lost it
Great post. There are a lot of 'Services' which could/should be offered at no charge, but the hobby is changing demographically and $$$Billions$$$ of dollars which had been poured into other White Elephants are now being poured into numismatics. With that come the well dressed/versed shysters who along with the honest and respected few will offer an opinion or advice on what you need to have the BEST... However, the honest, best advice is often not what the NEW collector chooses to follow. Many automatically assume they need the latest innovation (SLABs, CAC, Registry Sets, etc.) to keep up with the joneses. These new collectors have been told and retold it's a value adding service which is a solid finanical investment. Unfortunately, being young and newly rich doesn't always equate into solid financial decisions and when the time comes to divest these (Registered, TPG slabbed, CAC Stickered) investments they will undoubtedly encounter a rude Come To Jesus Moment when their friendly local dealer "Buys the Coin and NOT THE SLAB" Blue Book or GreySheet Values... They just then realize that the trap was sprung long ago and they were caught in it... Ben
