CAC ? 1 more way to make you pay more?

A few nut cases will always drive the price of one coin with or without the CAC sticker . The reason coins with CAC stickers cost more is because the coins with the stickers are worth more . If you put 2 coins same type and grade next to each other and if one is high for the grade the other low for the grade , the better coin will be the higher priced with or without the CAC sticker .
rzage:kewl:

 

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But as long as we're on the 70 pt. system , there will awys be a high for the grade , an average for the grade , and a low for the grade , so it will still be relevent , also if the tpgs get too liberal , all their previously graded pieces would have to recieve new grades .
rzage

 

That's kind of the point I was making. If you look at a coin graded MS65 by PCGS in 1988 and another graded MS65 in 2008 you will likely see a difference. The TPGs 2008 definition is typically more liberal. You're right, there will always be a high, average, and low for the assigned grade...but that assigned grade has been changing. CAC has a definition of what "premium" is for MS65...they have to have various diagnostics to determine premium from average. If the TPGs continue to get more liberal...CAC will have to alter that definition of "premium" for each grade (by lowering it if the current trend continues) or all the coins that meet their "premium MS65" grade will be slabbed as MS66.

I have a question about CAC, I remember reading somewhere that they have different color stickers. One for a "premium" coin of a particular grade and one for a coin that is simply correctly graded. Is that true or did I dream that up?

 

The green sticker means good for the assigned grade. The gold sticker means the coin is superlative for the assigned grade but they don't go so far as to say undergraded because they can't predict that the TPG will uprgrade the coin upon resubmission.

I have never seen a gold stickered coin.

 

OK, so green doesn't even mean a premium for the grade...just that it is graded properly and isn't a low slider. Therefore, I would assume that an "average" coin for the slabbed grade should qualify for a green sticker. Is that true?

 

No, I think I confused you. The green sticker means that the coin meets the standards for the assigned grade. The CAC claims to have higher standards than the TPG's where they break it down into subgrades. The green sticker means that the coin will not be in the low end for the assigned grade, but it does not mean that it is upgrade material either.

The gold sticker is supposed to mean that the coin exceeds the CAC's standards for the assigned grade and is worthy of a higher grade.

I have attached a link to the CAC website where you can lookup the serial number. Find a CAC coin and enter the serial number and it will show you the color of the sticker.

http://www.caccoin.com/?page_id=8

GREEN=meets the standards GOLD=exceeds the standards.

 

That makes sense, as they do reject coins that are "correctly graded" according to their website. It almost sounds like they might lean a little more on the ANA stricter grading scale perhaps.

 

From what I have seen, these stickers simply point out that a coin is at least nice for the grade, if not exceptional.

Something that is better than average will always bring more money.

A PQ Coin brings over greysheet.

Go to Siegel Auctions and see what superb stamps do in relation to "book".

NADA/KBB Retail on a perfect sub 50k mile 88-91 BMW M3 is $10-12k, try finding one for double that.

Try buying a D-Flawless Golconda diamond for Rapaport

ad nauseum.....

 

Here's CACs link
http://www.caccoin.com/?cat=3
rzage

 

Uch - Come ON RZAGE! At HERITAGE you can see how coins are rewarded for differences within grades. The CAC stickers BLOW that right out of the water and its every BIT designed to. At every show you can here people talking about getting CAC stickers before selling in order to do WHAT? To get the same vlue they would otherwise WITHOUT the sticker. Bogus bogus bogus. The CAC sticker is a separate driving in the cost of the coins sale and the people pushing those coins up 3x market value are VERY wealthy and frankly insane buyers.

Its not different that the PF70 and MS70 Ikes. Nobody would buy those coins raw for $3000.00 and those are IKES.

Nonsense. The Sticker is worth less than a hundreth of a cent.

uh uh.... no WAY. ROFL And if it was Raw, forget it. If CAC makes any money at ALL the TPG's are going to tighten their grading and even reslab and notate it on the labels.

PSGC MS68 - Second Opinion
Previous Grade MS67 ANACS

............

Coming to a Slab near you...

Ruben

 

Actually - this is a good way to raise money for cointalk.

Send in your photo for grading and we'll give one of the following stickers after a 40 member poll consensus is reached.

:hammer: :goof: :mouth: :thumb:

They submit $20 to peter for the grading... stickers

 

BTW - We'll create a standard and copyright it and put it in a secret secured password protected place on the website. For a half buck each person giving a grade in the polls will get 11 minuted and 19 seconds to view the standard before voting for a grade.

NO REFERENCES OR QUOTING of the standard will be allowed in any of the threads. Doing so will give a user 3 infraction demerits for 10 years which will be reduced to 6 months on payment of a $50.00 fine.

Ruben

 

You know what I would like to see...someone (probably Lehigh ) post pictures of 5 or 6 coins, same type...same slabbed grade. Some with CAC stickers and the others without. Let's see if we can predict which one's have the CAC designation. I think it's possible to create a poll where you can answer more than one answer...right?

That way, we will see if the coins are actually premium for the grade (and therefore worth more) or if there really is no difference and therefore the sticker is just there to arbitrarily raise the price.

I think that would be fun. I'd do it, but I'm terrible at preparing the photos (I don't have photoshop). I think Lehigh would be up to it...what do you say Paul? :thumb:

 

No NO NO!!!!

Before we do this I INSIST that we do this with Proof 70 Coins FIRST

 

Oh come on Ruben, you afraid we could tell a difference? Where's your sense of adventure. :goofer:

Plus, if you want to do with Proof 70s...go ahead and post it. I'm sure you'd get responses...I'd look at it and vote in the poll.

 

Where is that ignore button again....

BTW - I don't care if YOU DO find a difference. The fraud has nothing to do with that result. It is the FUD which is the fraud.

 

Oh, that hurts. I thought we were friends.

 

I will do it, but first I would like to show a coin that is auction right now that could use a CAC sticker. The coin is a 1924 Mercury Dime NGC MS67*FB. I have no doubt this coin was submitted to the CAC and did not sticker. The difference in price between an MS66 and MS67 is $1,500. If this coin had a sticker, I would feel comfortable make a sight unseen bid. As it stands, I will not bid on this coin even though I think it is awesome.

http://coins.ha.com/common/view_item.php?Sale_No=1118&Lot_No=1173#photo

Ruben, I think it will be a fun game and I will even let you pick the name of the thread. What do you say! Cmon, lets have some fun.

 

We are...

You know the store about Neighbors and fences ;!


Ruben

 

Sweet, I look forward to it. If you don't mind...would you do it as another thread...I think a poll is the way to go, it would be easier to quantify it (like you usually do, but multi-answer poll, I think that could be done).