Bean Wars - CAC

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I agree with this. I will also add that the grade level of the coins matter. While a mint state Morgan Dollar that has been dipped blast white is market acceptable, in lower circulated grades, the dipping may not be acceptable.

With regards to the dealer's low sticker rate, the coins are likely either overdipped as suggested above or have more contact marks that CAC likes. In my opinion, particularly in grades below gem, CAC is more much more stringent on bag marks than the services.

I think the dealer and the poster you quoted might be taking John Albanese's comments out of context regarding coins that have not dipped. CAC very much prefers original coins, but will sticker coins that have been dipped in a market acceptable manner as @geekpryde suggests.

 

I finally located the email from the dealer on this and what he said was, for his success rate of 1 in 20, which at the time I thought was overall submissions, but was for his "last submission", at that time, was only 1 in 20 received a sticker and it wasn't all Morgans.

 

Those are still pretty bad submission results. On average, about 40% of NGC and PCGS sticker.

 

I've been averaging 60-70%, but I'm so careful about what I choose to send in, I'm still shocked that I have rejects. Seems like there's always 1 or 2 coins per order that just totally baffles me as to why it didn't CAC.

And as a side, I'm starting to think he only green stickers coins that look 1 grade higher (like an MS63 that could pass for MS64), and he only GOLD stickers coins that are 2 full grades higher. I've only had about 2% of mine gold sticker. A dealer told me the only gold stickers he hands out are to the coins that just look stupid in their current holders.

 

Paddy54: <<Bull Hockey I buy the coin not the slab no matter what TPG slab it is......as for green beans I don't own one ...>>

Less than 40% of classic U.S. coins submitted to CAC receive stickers. Many of those that are rejected have been doctored. Some others are coins that most top experts would regard as being mistakenly overgraded by the TPGs. Does Paddy owns coins that CAC has rejected?

I am not implying that I always agree with CAC. Once in a while, I do see a coin that I believe was rejected by CAC that I maintain should have beaned. On rare occasion, I see a CAC approved coin that I believe has problems. In a majority of cases, however, I am in agreement with CAC decisions, as are most other pertinent experts, as far as I know. I assert that JA has the highest 'batting average,' among coin graders.

Paddy54: <<I trust my eye and have no need to pay for a fancy holder unless I choose to.>>

This statement may be harmful to some of the members of CoinTalk. Relatively expensive coins are more likely to be re-submitted to the TPGs. Many have been doctored and many coins that have never been doctored have imperfections that are not readily apparent, but are seen by skilled graders.

A collector who is spending a lot of money on single coins, amounts that the buyer regards 'a lot,' should consult an expert. I repeat that I do not know anything about Paddy54's grading skills. Very few collectors, however, have tremendous grading skills. How many baseball fans could bat above .300 in the major leagues?

The Formal Introduction of the PCGS 'Coin Sniffer' at the PCGS Luncheon

Defining Coin Doctoring and Dipping, Additions to the PCGS Lawsuit Against Alleged Coin Doctors – 09/08/10

Jello: <<Millions of people are fooled in buying a Green Bean . That sooner than later will be worthless ... CAC well I would buy any stock in company. It's like fashion; once they fall out fashion, so will your Bean. >>

I disagree with Jello. I really believe that most CAC approved, classic U.S. coins will stand the test of time. I am skeptical as to whether Jello really knows how to grade coins or has carefully examined many PCGS or NGC graded, high quality, classic U.S. coins.

My end-of-year article is about future interpretations of coins that are already PCGS or NGC graded.

How will Coin Collectors Interpret Certified Coin Grades in the Future?