The NGC Registry Will Recognize CAC coins

Full press release here: https://www.ngccoin.com/news/article/8173/ngc-registry-cac/

Thoughts?

I know some of us participate in the Registry; I know some of you don't. This is sure to be a divisive topic, so please keep it respectful.

 

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I don't really care for CAC,no hard feelings,here's what I like.

 

Are they going to be taking people's word that it's CAC certified? There's no verification is there?

 

There should be come collaboration with CAC like PCGS has where the system automatically checks it against the CAC cert database

 

This means that CAC coins get bonus points in the NGC registry ?

Does PCGS do that for CAC -- I would guess not, but I'm not a registry guy.

 

I only own one CAC'd coin, but I can confirm PCGS automatically tracks this. It showed up as a non-editable property of the coin when I added it to my inventory.

 

I think the system will do with CAC'd coins like it does with PCGS, and automatically mark it as a CAC coin. Or, you'll have to tick a box that it's CAC'd, and it'll then verify.

What I'm interested in knowing is will a CAC coin get a higher point value, and why? A Level A, B, or C for the grade is still the grade assigned. I sort of think they're opening a can of worms.

How much of this (if any) do you guys think this is more of a marketing promotion for CAC? Or do you think it's NGC's way of keeping 'ahead' of PCGS's registry? Now you can include NGC, PCGS, NGC+CAC, and PCGS+CAC, whereas it's PCGS or nothing (an honorable mention for CAC) in the PCGS registry.

Should be interesting.

 

Well, it doesn't affect my series because CAC doesn't certify Jefferson Nickel business strikes, but I actually like this move, especially for the higher priced collections and gold coins.

 

When they start recognizing my moose sticker, I'll be impressed.

 

this is more of a marketing promotion

Should be interesting.[/QUOTE]

BINGO

 

They will in the NGC sets, they don’t in the PCGS sets. If anything it’ll probably just create more awards going to basically/all PCGS CAC sets as high end NGC CAC coins are the most likely to get crossed over.

 

My opinion on the CAC or MAC additional certification is that it is useless and not required in the least. Here is my thought process: You buy or have a coin that has been graded by NGC or PCGS to be a MS 60 up to MS 68. Now, you send it to CAC or MAC to confirm the grade already given by NGC or PCGS? Not sure what the need is if they are ONLY confirming the grade. I have seen a few (not many) coins where the CAC or MAC certifies the coin to be better than the grade, however, if this is true...are they stating NGC and PCGS are wrong? How can CAC or MAC effectively and accurately grade a coin that is presently incased in a capsule? The answer is...they can't and this confirmation is redundant, completely unnecessary and a waste of money. To that end, according to their respective websites, both CAC and MAC seem to have higher values for coins they have confirmed as being the grade given by NGC and PCGS yet, how does confirming a coin is a MS66 somehow make the same coin more valuable? Again, I don't see the need at all.

 

I think that this is NGC's effort to catch up with PCGS. The PCGS-CAC certification has long been "the gold standard" for the CAC minions. The NGC-CAC combination has had little impact on the market.

I guess the NGC management thinks that this will boost the demand for the NGC-CAC coins, but it could backfire. With all of the people who think that PCGS is the superior service, with or without the CAC sticker, where does that leave the NGC coins with not CAC sticker? For them it's one step ahead of the "third world" grading services.

CAC has WAY TOO MUCH power in the U.S. coin market now. That's why I can't buy expensive U.S. coins any more. As I wrote on the PCGS blog, the U.S. coin market as become like Ayn Rand's "The Fountainhead" with Elllisworth Toohey running the show.

For those who have never read the book, here is a short quote from "Cliff's Notes:"

"Toohey is a power-seeker. In various ways, he attempts to gain control over the lives of other men. At the personal level, he acquires a legion of followers who blindly obey his every command."

 

Just some more competition involving the top 2.

 

It's a bigger boost for CAC than anything else. The services are becoming more and more subservient to it all the time, while CAC is helping them out by being a bit less (really more) forgiving about "grade-flation."******

***** OOPS! I did not word that correctly.

In plain English, I have seen CAC stickers on more coins that reflected weaker standards in recent years. Therefore it has been my observation that CAC is accepting more grade-flation. @Dynking can withdraw his "like" if I led him wrong.

 

Yes. That’s how I read it as well.

If NGC is going to award additional points to CAC approved coins, then suddenly even if you’ve never cared about CAC, you’re missing out on potential points by not spending the money, time and effort to send them there and back. I think it’s fine to add more sets and have the CAC database integrated into the registries, but the point thing basically penalizes anyone who doesn’t care to send their coins there. The market has already been doing this anyway, but it doesn’t seem fair to NGC registry set collectors unless I’m missing something. I don’t compete in the registries so if my understanding is flawed hopefully someone who does will share their thoughts.

 

I figured you meant “more” forgiving as opposed to less.

 

Next I wonder if NGC will give bonus points if the whole set is in NGC slabs. The marketing incentive for adding CAC to their registry is that it pulls people over to NGC's site, but then what? Just thinking out loud I guess.

 

It's not really about fairness, but it is a weird decision by NGC that shoots it's own product in the foot. It's one thing to note it like the PCGS sets do, or to do an all CAC set like PCGS does, it's a much different thing though to actually penalize in normal sets for not having it. They already had a problem of many of their award winners being PCGS sets and this seems like it will just exacerbate it

 

That is an easy enough fix, don't give the point bonus unless the coin is NGC plastic.

Personally, I have never understood NGC's decision to accept PCGS coins in their registry at full point value. IMO, any PCGS graded coin should suffer at least a 25% point reduction.