CAC coin Premium

Discussion in 'US Coins Forum' started by Derek2200, Dec 5, 2021.

?

What is the most premium you would pay (or paid) for a CAC Coin?

Poll closed Dec 26, 2021.
  1. None

    26 vote(s)
    60.5%
  2. 5 pct

    4 vote(s)
    9.3%
  3. 10 pct

    3 vote(s)
    7.0%
  4. 25 pct

    6 vote(s)
    14.0%
  5. 50 pct

    0 vote(s)
    0.0%
  6. 100 pct or more

    4 vote(s)
    9.3%
  1. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    Now can you imagine if there was a little sticker you could see also.:wideyed:

    ICG and ANACS grade more than plenty of coins worthy of a CA sticker. It's is a disservice to the market IMO.
     
    MIGuy, 1865King and Insider like this.
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  3. Treashunt

    Treashunt The Other Frank

    agreed!
     
    NSP, MIGuy, Pickin and Grinin and 2 others like this.
  4. baseball21

    baseball21 Well-Known Member

    Many if not most are less than impressed with their slabs. They could close the gap at least somewhat with NGC if they came out with an improved one
     
  5. Insider

    Insider Talent on loan from...

    John knows the reason other slabs besides NGC and PCGS are not eligible for beans and he's not telling. :D
     
    NSP, Kasia, Jack D. Young and 4 others like this.
  6. 1865King

    1865King Well-Known Member

    I would really like to know the reason "John" doesn't CAC ANACS or ICG. He needs to come out in writing and explain why he doesn't CAC other company's slabs. If it was a problem with the slab that can be easily corrected by any company. CAC isn't evaluating the slab. They are looking at the coin and then deciding if the grade on the slab matches the coin or if they feel the coin was under graded, they put a gold sticker on the slab. Nothing more. By the way no slab is perfect. None can guarantee that they are airtight. They may be airtight when they are shipped to the customer but, what if the customer drops the slab or will it still be airtight 20 years from now? Even if there is no visual damaged to the slab that doesn't mean it's seal is not affected. I have nothing against the idea of CAC but, I have a problem with them not doing the same for companies other than PCGS and NGC. I do believe the certification of coins is a great idea. It's a great way to protect those that don't have great grading skills.
     
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  7. john65999

    john65999 Well-Known Member

    i only have a few, one on a gold piece (got for 300 under list) and the others are on error coins, i buy the coin not the sticker..if i really want an error coin (or any other for my personal collection) then i might go over list price, but most of my buys are "bargain" buys from 1/4 to 1/2 below list price...ya just have to shotgun 100's of bids, some will hit, lol
     
    MIGuy likes this.
  8. wxcoin

    wxcoin Getting no respect for 65 years Supporter

    I buy the coin and don't care if it has a bean or not. I do like beans but the ones I like give me gas.
     
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  9. charley

    charley Well-Known Member

    This question can be presented to CAC via caccoins.com, on the new Forum.
    Just sign up.

    I would think, though, it is rooted in making a market, and marketing plan, going back to ca.2008.

    These days, the CAC service is closed to new members, due to the need to maintain the CAC level of scrutiny their marketing plan and customers demand. There are requests to re-open membership, on the Forum.

    It also important to note that certain U.S. coin categories are closed, PCGS or NGC, although there are members soliciting to re-open, such as Colonials.

    There is nothing to gain by not asking on the CAC Forum.

    Look the Forum over. You may be surprised. You don't have to join to read it.

    Truth in editing: added an 'h'.
     
    Insider likes this.
  10. Mr.Q

    Mr.Q Well-Known Member

    Like Mountain Man, I have several that came with CAC, but I would not pay an inflated price simply because it has one. It's all in the coin, my eye appeal, and desire! And of course, cost and my wife's permission, duh!
     
    Jack D. Young and john65999 like this.
  11. Insider

    Insider Talent on loan from...

    1865King, posted: "I would really like to know the reason "John" doesn't CAC ANACS or ICG. [So do a lot of folks] He needs to come out in writing and explain why he doesn't CAC other company's slabs. [:facepalm::wacky::confused: :hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious::hilarious: Who are you? :facepalm: Do you think you are somebody important :cigar: or just another collector :angelic::bookworm: who wants to get CAC stickers on your slabs?

    :smuggrin: News Flash:
    JA does not NEED to do anything as it is apparent he is doing very well, has things handled, and does not want/need additional business from other TPGS's.] :jawdrop:
     
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  12. Insider

    Insider Talent on loan from...

    PS Think about it. :rolleyes: Why should anyone :cigar: dealing with NGC and PCGS wish to acknowledge that other services are faster :jawdrop:, less expensive, :jawdrop: and put out just as good a product. ;):D That would be stupid :bucktooth: and cut down on profit :bigtears: for all of them o_O both TPGS, dealers, and CAC!
     
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  13. Jack D. Young

    Jack D. Young Well-Known Member

    Well, I use the the other 2 TPGs for specific examples I wish slabbed; each of the 4 has their niche in my opinion, but have never submitted a coin to be CAC'd:D...
     
    MIGuy likes this.
  14. C-B-D

    C-B-D Well-Known Member

    Faster and cheaper but also less accurate IMO. None are even close to perfect, nor consistent. But there’s a difference. For example:
    D865B7FC-E1C0-4D81-A201-58798888AF2E.jpeg B7AB240F-E9D8-40F0-B3E7-223E1BDDFC2E.jpeg

    This is the same coin. All I did was crack and resubmit to NGC. Personally I graded it 58/61 when I bought it.
     
  15. Jeffjay

    Jeffjay Well-Known Member

    Seems whoever graded it for Anacs is grading conservatively which I like.
     
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  16. C-B-D

    C-B-D Well-Known Member

    I prefer accurate over conservative. In fact I prefer accurate over all others adjectives.
     
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  17. Jeffjay

    Jeffjay Well-Known Member

    And ANACs decided AU5O was accurate for the OP's cent.
     
    Last edited: Dec 12, 2021
  18. C-B-D

    C-B-D Well-Known Member

    58? They incorrectly graded it AU50.
     
  19. Jeffjay

    Jeffjay Well-Known Member

    Whatever. My point was that to the grader called it as he/she saw it. Grading is totally subjective.
     
    halfcent1793 and MIGuy like this.
  20. micbraun

    micbraun coindiccted

    I’d say the CAC sticker is worth a premium as it *should* guarantee that a coin has original surfaces and no major issues. Some coins were lightly cleaned or have other issues which should have prevented a straight grade. Today most collectors buy online and have to grade from pictures, which may not show all flaws. It’s hard to say how much of a premium as it really depends on the coin.
     
  21. masterswimmer

    masterswimmer Well-Known Member

    Absolutely subjective. And arbitrary as well. So much so that one individual coin can be graded with a variance of five, yes five grades. That's unacceptable IMO.
     
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