CAC Launching Grading Service

Maybe it's time for something new to shake things up. It's going to be fun watching all this play out.

 

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The bottom line for me is that if I buy a coin slabbed by CAC in a given grade, say MS65, I would expect it to be the equivalent of an MS65 in a PCGS or NGC slab with a CAC sticker. They should grade a “non-stickerable” coin at a lower grade. Unless they keep doing the stickers, in which case they should sticker their own coins too that are “A” or “B” for the grade and haven’t been messed with.

 

They've already said thats not how it will work. They're going to do grading including details slabs and + grades not just what would sticker grades

 

I haven’t heard from them. I think I’m still a member. I was but haven’t sent a submission or been active really since 2019. Just life got crazy

 

Will the CAC network dealers buy the new CAC slabs at the CAC price, or will that still only apply to other companies’ slabs with stickers?

 

Good point. It didn't occur to me that, while they haven't been applying grades themselves, they've already been holding the other TPGs evaluations to higher standards (Otherwise the stickers would be meaningless). I guess it'd be kind of hypocritical of them to abandon their modified scale now.

I guess what they've effectively done with the stickers up to this point is to split the grade ranges in half (or some ratio). They sticker the top X% in a given range and not the bottom 1-x% of the range.

 

What are "Dealers" and you would do?

I believe it's been established and accepted by vocal critics that the cost to repurchase/sell a Numismatic commodity is ~40%.

What does PCGS "do"?

 

I believe if you objectively investigate countries where AI is being applied throughout, you'll personally establish that additional human education can compensate for the supposed "pit-falls".

Current applications are believed to have resulted in touted advanced productivity, virtual elimination of illiteracy and poverty.

An experiment, I believe, is currently being implemented in a portion of our continent.

I personally don't expect the "experiment" to be successful, for obvious reasons, but hope to be proven wrong.

JMHO

 

Although, it’s hard to imagine anyone sending in an MS66 so it can be regraded as an MS64. Or that anyone will risk having a top pop coin downgraded to the middle of the pack.
More likely that the market will price a CAC MS64 as equivalent to an NGC or PCGS MS65, kind of the way ANACS and ICG don’t bring the same prices now - even if the coin’s grade is accurate.

 

Youd have to ask them. I have no idea how each will treat them. I find it hard to believe that the stickered coins wouldnt be viewed higher since its two companies instead of just one, but ultimately the market will decide

 

Future grading standards reversal it's believed shouldn't/can't be allowed being an effort by TPG.

Precedents for correction are believed already existing where TPG can be held accountable as I've shown in recent posts.

It's believed a competent team of damaged-individuals/legal-representatives can through relatively simple process, reverse past deteriorative grading changes without encumbering "collectors".

A reliable written/pictorial base grading standard already exists, which is believed, would be found acceptable by the courts, in lieu of current photo-base standards.

A believed precedent for this action was established by the "top tier TPG", not resulting in mass individual collector efforts to realize redress.

JMHO

 

SPEAKING OF TPG"s: (all coins broke out of holder and submitted as raw)
On July 7th I sent 6 coins from different companies to PCGS and here is the results:
(I tried to photo these but not thinking to clearly right now, home from hospital after fusion of L4,5 and S1) but here goes:
From NAS 1887 Morgan #33431 graded MS65. PCGS #43553558 MS64.
From PCI 1881S Morgan #33913 graded MS66 PCGS #45353555 MS63.
From NTC 1886 Morgan #283270graded MS66 PCGS#45353557 MS64.
From NCG 1887 Morgan #1001887-67 graded MS67 PCGS #45353556 MS64.
From NAS 1921-D Morgan #33028 graded MS 65 PCGS #45353554 AU58.
The following coin was submitted the week before with other coins I wanted to get graded so I broke it out and submitted it for grading:
From NTC 1924 Peace #97051 graded MS66 PCGS #45314141 MS63.
I have others I have submitted in the past from companies such as an ICG Morgan graded at MS66 which I purchased because it a slot I needed with a coin with more eye appeal that the one I had which was AU, The PCGS grade came back as cleaned.
(My lack of observation on that coin caused me to waste time and $$$)
In the future it will be ONLY NGC, PCGS and on occasion ANACS, that SHOULD at least provide some consistency.
Semper Fi
Phil

 

It might have an outside chance of success as long as that portion of our country is NOT DC!!!!!

 

You probably could have accomplished the same results, possibly for less funds and time by submitting to ANACS or ICG, who are also acceptable 1st tier TPG.

JMHO

 

I'm hoping to arrange that at least one of Them will want to keep me and my family as some of Its pets.

 

There are believed apparent reasons why the "experiment" is being done with foreign administrative approval, out of U.S..

JMHO

 

Doug has pointed out multiple times that this has already been tried in the past (Compugrade), and failed quickly. I don't disagree that they failed in the market, but I do have trouble with the "and therefore it will never work" conclusion.

I wouldn't be surprised to see someone spin up a model as a hobby project, use it to make fun of some of the more egregious TPG gradeflation examples, and have it take on a life of its own. Open-source grading, where anyone can run the model and see results for themselves? Hey, why not?

 

To avoid your argument, in my recent posts pertaining to a requested grade coin, I presented 2 specimens of at least the same MS66 grade from each "top tier TPG", with a possible grading variation of more than 6 grades.

The differences are believed succinctly explained relative to the believed only possibly litigated acceptable base grading standard.

JMHO

 

I agree with you to some extent. I have, from personal experience, had ICG coins regraded by both PCGS and PCGS and they have NEVER comeback as the same grade and in one case an MS 66 came back AS AU58. I have NO faith in anything ICG.
Semper Fi
Phil