CAC Launching Grading Service

Discussion in 'Coin Chat' started by geekpryde, Oct 14, 2022.

Page 6 of 7
  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

    While everyone else obsesses over this subject, I'll go on buying and selling coins, not holders.
     
    ToughCOINS, Oct 22, 2022
    #101 + Quote Reply
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  3. C-B-D

    C-B-D Well-Known Member

    As a dealer, I’d think you’d be interested in this since your customer base seems to be.
     
    C-B-D, Oct 22, 2022
    #102 + Quote Reply
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I understand your comment completely John, and am interested, but only to the extent that it makes sense to me.

    While authentication is one great reason to lean on TPGs for confidence in one's purchases, I'm not particularly interested in a customer base that cannot grade well, especially for coins not exceeding a certain value - and that's during normal times. In times like these, when turnaround time demands tying up one's funds for far longer than is reasonable, I'm much less likely to submit than I normally would be.
     
    ToughCOINS, Oct 22, 2022
    #103 + Quote Reply
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  5. ToughCOINS

    ToughCOINS Dealer Member Moderator

    So much for improving the level of consistency in the marketplace.
     
    ToughCOINS, Oct 22, 2022
    #104 + Quote Reply
  6. baseball21

    baseball21 Well-Known Member

    How is that inconsistent?

    Its 100 percent consistent with their currently stickered coins
     
    baseball21, Oct 22, 2022
    #105 + Quote Reply
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  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    It’s not inconsistent within the confines of CAC-graded coins, but it is more inconsistent within the total marketplace. This isn’t an improvement . . . It’s oneupsmanship all over again.

    The average CAC graded coin will be nicer than the average coin of the same grade from PCGS & NGC.

    Perhaps more importantly, all A coins graded by CAC in the next lower grade will be better than all coins from PCGS & NGC in that lower grade.

    Rather than encouraging more consumers to improve their grading skills, this is taking more dollars from the consumer and creating an even greater culture of grading dependency.
     
    ToughCOINS, Oct 22, 2022
    #106 + Quote Reply
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  8. MIGuy

    MIGuy Well-Known Member

    Not me, I’m only in it for the pretzels! And plastic, pretzels and delicious plastic slabs. Mmm mmm good! . Always a good reminder of where the focus needs to be of course. I find myself more interested in slabbed coins for things I’m less familiar with - a Draped bust dime for example recently and that’s because of authenticity concerns really. I’m fine buying SLQs raw for the most part because I’m very familiar with them, though I’m still not great at identifying lightly cleaned coins. (According to ICG anyway).
     
    MIGuy, Oct 22, 2022
    #107 + Quote Reply
  9. baseball21

    baseball21 Well-Known Member

    CAC has never been consistent with the market place hence its creation to identify better for the grade coins

    Stickered coins are already nicer than the average graded coin, nothing has changed

    Thats just not true. That would imply that every coin goes to CAC and only the rejects go to PCGS and NGC. NGC stickered coins that wont cross to PCGS will likely go to CAC, but CAC isnt going to be some high volume grade everything factory. PCGS and NGC will still get plenty of coins and plenty of people will still prefer a PCGS CAC over just a CAC

    Nothing has really changed at all. All this is is CAC cutting out the middleman and expanding some of what they will grade. If you actually read through JAs responses and how much money theyre going to be spending on grading sets and their mission of education in grading it actually does the exact opposite of what youre claiming.

    The consumer only benefits from TPGs
     
    baseball21, Oct 22, 2022
    #108 + Quote Reply
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  10. C-B-D

    C-B-D Well-Known Member

    Mike, you do understand that while CAC wants to be profitable, they also aren’t going to hire a bunch of 22 year old “graders” and push product thru for the sake of making millions, right? Heck, they still won’t be taking new members at all for a while. Consistency, stability, and education will be the keys IMO.
     
    C-B-D, Oct 22, 2022
    #109 + Quote Reply
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  11. KSorbo

    KSorbo Well-Known Member

    Exactly. Putting just any coin into a CAC slab would actually be inconsistent. It seems they won’t be pushing to become a mass market grader like PCGS and NGC.
     
    KSorbo, Oct 22, 2022
    #110 + Quote Reply
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  12. baseball21

    baseball21 Well-Known Member

    Being in the slab is fine as long as the details coins are such and that they keep the sticker standards which sounds like they will.

    Completely agree everything theyve said so far sounds like they dont want to be a super high volume grader

    Theres a new FAQ on it.
    https://www.caccoin.com/forums/discussion/521/cac-grading-transition-faq-14-questions-answered
     
    baseball21, Oct 22, 2022
    #111 + Quote Reply
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  13. Santinidollar

    Santinidollar Supporter! Supporter

    Competition often breeds improvement, so I’d expect PCGS and NGC to expand their staffs to move submissions along much quicker — if not immediately, then eventually, depending on the success of CAC’s plans.
     
    Santinidollar, Oct 23, 2022
    #112 + Quote Reply
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  14. johnmilton

    johnmilton Well-Known Member

    I will ask this impolite question. What will the CAC holder do to the market for coins with CAC stickers? Perhaps a CAC holder will be more desirable than a coin with the sticker.
     
    johnmilton, Oct 23, 2022
    #113 + Quote Reply
  15. C-B-D

    C-B-D Well-Known Member

    I doubt it. I would think in the short term that PCGS and NGC stickered coins would rise in demand, then value.
     
    C-B-D, Oct 23, 2022
    #114 + Quote Reply
  16. baseball21

    baseball21 Well-Known Member

    I would guess that the CAC slab will fall somewhere between the PCGS CAC and the NGC CAC. Id imagine a lot of the NGC ones might end up there for the CAC slab with the sticker in it, as far as what theyve said so far you wouldnt know if it used to be PCGS or NGC.
     
    baseball21, Oct 23, 2022
    #115 + Quote Reply
  17. mlov43

    mlov43 주화 수집가

    I doubt that. It might be more like running coins under A.I. scanning and then human graders. The added benefit of A.I. for the grading company, if the A.I. scanning is sensitive enough, would be to recognize coins that have appeared in the system before.
     
    mlov43, Oct 23, 2022
    #116 + Quote Reply
  18. mlov43

    mlov43 주화 수집가

    I'm guessing only time will tell if that is going to be the case...
     
    mlov43, Oct 23, 2022
    #117 + Quote Reply
  19. Insider

    Insider Talent on loan from...

    There are answers on the CAC Forum. I think we are writing the same thing:

    From what I read, any coin in a TPGS slab with a green bean NOW will be crossed at the same grade and a green bean will be put inside the holder. That means NGC and PCGS.
     
    Insider, Oct 29, 2022
    #118 + Quote Reply
  20. Vertigo

    Vertigo Did someone say bust?

    Yes because a lot will get crossed and the ones that don't will be scarce. Just like old holders. Old stickers. It's coming...
     
    Vertigo, Oct 31, 2022
    #119 + Quote Reply
  21. -jeffB

    -jeffB Greshams LEO Supporter

    But we won't be able to say "OGS" because that doesn't distinguish green from gold! "OAS" for "aurum"?
     
    -jeffB, Oct 31, 2022
    #120 + Quote Reply
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