CAC Results

The last time I raised this subject it generated some controversy and heated responses. That is not my intention. I know a number of CT members are interested in TPGs and CAC so this is for them. I just recieved my first submission back. I sent 37 Lincoln wheats approx. 40% PCGS and 60% NGC. 25 were pre-1930 and 12 later. Their assigned grades ranged from MS64R to MS67R. I included some that I thought were a lock for a sticker, some in the middle and a few I thought had no chance. The results were eye opening. Only 8 were stickered including 1 I thought would not make it.
What a waste of money you say. NOT!! They do not charge for coins submitted and not stickered. I'll now spend a great deal of time studying the ones that qualified versus the no's. I might even purchase a microscope for a much closer look than a 10X loupe. I'm enrolled in the ANA summer school course in grading and hope to be able to let CT know more by August.
The biggest joy in retiring is the time I can now spend pursuing the greatest hobby I know of.......:secret:

 

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Well I think it will generate some heated debate, but here are my questions:
(1) I believe they tell you why a coin did not make the cut - Do you agree with them?
(2) I do not belive you should need a microscope - don't they just use a 5x loupe?
(3) Can you post pictures of one you thought was a lock versus one that you thought would be rejected? At least we can compare the pictures.

Me - I don't have a problem with CAC, but I honestly do not think they are right all the time(nobody is). Just my humble opinion.

 

Thanks for sharing. I sent my Classic Commems in and was happy with the results. With Lincolns I would think spotting and lack of lustre will effect the results. Images would be welcome.

 

Thanks for the info and some pictures would be nice if you can arrange it.

 

I was very impressed when I heard CAC didn't charge if the coin wasn't stickered.

So far I'm batting 1.000 with CAC, lol, but then again I've only submitted one coin .

 

I don't want any CACa on my coins.

 

I'm professing ignorance here, but would you tell me who CAC is? Something as simple as EAC (Early American Coppers, Inc.) or ANA (American Numismatic Association) in the first use of an abbreviation will help novices and forgetful old farts like myself. I even had to think about CT (Coin Talk) for a minute to figure that one out.

ps This is a general request and not just pointed at you. I suppose I got used to this technique because it is common in Legal Instruments.

 

Thank You. That is exactly what I was looking for.

 

How about some pics?

 

Whether you like/agree/disagree with CAC and its principles or not, some of the major dealers and auction houses have increasingly gone with CAC coins because they do sell better and achieve higher prices. QED.

 

Agree to disagree then!

 

I don't like all this TPG and extra stickers at all but what George says is perfectly correct, he knows!
Whether they should or not is not the issue here in his post. I mean if they do, they do!

 

Soon......new company will check the checkers of the checked

 

I agree!

what will be the 4th party new name? Cash out of pocket/ COP

 

Reputation of the Grader/Seller, good or bad or lack thereof, has a definite affect on the value apart from the coin itself.

For example: If I said I have a new variety of Large Cent in fine condition, and you don't know me, would it be as valuable to you (even with good pictures) as the same coin attributed by Bob Grellman as a new variety, Slabbed by PCGS as F-12 with a CAC sticker?

OK. The one I sent to Bob Grellman is only an AG3, but you get my point? Even I don't find it as valuable without attribution and grading by a respected expert. It becomes even more valuable when that expert's opinion is confirmed by other experts and a consensus is reached. And all this is with the same coin.

I do long for the old days when two people got together and made their own market, independent of literature and publications. But that's not the world we have.

 

I agree with you Marshall. Especially with new varieties. The problem is I don't think all CAC coins should carry premiums - the CAC coins that should carry premiums are the ones that would carry a premium anyway, because of the eye appeal. It is all a matter of opinion on the coins eye appeal.

 

An opinion of an opinion of an opinion.....is still an opinion...I understand your point....but it is moote if you buy the coin.....not the holder or sticker...... Just my opinion.