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3-1/2 years since its inception, I’ve finally bought my first CACG coin!
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<p>[QUOTE="messydesk, post: 26810680, member: 1765"]Well, it <i>is</i> their logo. When it's on their own slab, it's nothing more than a logo. When it appears on a slab that's not theirs, it's their approval of the grade. Not really hard to figure out.</p><p><br /></p><p>The big issue I have with the details-graded coins is that when there is a market-acceptable problem with a coin that PCGS or NGC would straight-grade. The easiest example for this is a cleaned coin. CACG will use the terms "cleaned", "harshly cleaned", "wiped", "brushed", and "polished". There are a few that mean "totally trashed", which they will return unholdered. Maybe harshly cleaned is one of them, now that I think about it. If you break down "cleaned", this can cover everything from a hard-to-detect old cleaning that's toned over to an obvious cleaning. These are different in the marketplace, but the same coming out of the grading room. There's currently no scale in place for the severity of a problem.</p><p><br /></p><p><br /></p><p>The pecking order as of last big show I was at (FUN) was still PCGS+CAC, followed by CACG, then NGC+CAC, PCGS, NGC. Having the coin "double graded" is still a big deal, but people are starting to submit crossovers or crack-outs to CACG and taking a downgrade. When CACG started, NGC+CAC was considered more desirable, simply because there was no track record yet. I imagine in a few years, a larger percentage of NGC+CAC coins will be old holders that plastic collectors don't want to lose.[/QUOTE]</p><p><br /></p>
[QUOTE="messydesk, post: 26810680, member: 1765"]Well, it [I]is[/I] their logo. When it's on their own slab, it's nothing more than a logo. When it appears on a slab that's not theirs, it's their approval of the grade. Not really hard to figure out. The big issue I have with the details-graded coins is that when there is a market-acceptable problem with a coin that PCGS or NGC would straight-grade. The easiest example for this is a cleaned coin. CACG will use the terms "cleaned", "harshly cleaned", "wiped", "brushed", and "polished". There are a few that mean "totally trashed", which they will return unholdered. Maybe harshly cleaned is one of them, now that I think about it. If you break down "cleaned", this can cover everything from a hard-to-detect old cleaning that's toned over to an obvious cleaning. These are different in the marketplace, but the same coming out of the grading room. There's currently no scale in place for the severity of a problem. The pecking order as of last big show I was at (FUN) was still PCGS+CAC, followed by CACG, then NGC+CAC, PCGS, NGC. Having the coin "double graded" is still a big deal, but people are starting to submit crossovers or crack-outs to CACG and taking a downgrade. When CACG started, NGC+CAC was considered more desirable, simply because there was no track record yet. I imagine in a few years, a larger percentage of NGC+CAC coins will be old holders that plastic collectors don't want to lose.[/QUOTE]
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3-1/2 years since its inception, I’ve finally bought my first CACG coin!
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