CAC Coin Price Chart

Not sure if this has been posted, anyone else get an email from CAC about subscribing for the CAC coin price chart?

 

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me too but I don't care

 

Yup, got mine. Haven't read it either.

 

Good rant Mike........

 

I was thinking why not just look up a certain dated coin on one of the auction sites to see what the selling range is.

 

Amen!
Couldn't of said it better myself . .... if you need a slab "brand", or a sticker , to tell you about a coin you're about to purchase you're in the wrong hobby .
If you think that buying a coin for investment is a good idea. You need an accountant ,and money manager.
Yes one can make a profit in coins, however like anything else one can loose too!

 

I didn't recieve anything from CAC and I am a member.

If the price guide being discussed is the CAC Market Values one with a subscription rate, that guide is not put out by CAC themselves. Mark Ferguson and Numisma Publishing are doing that CAC only price guide and they have their own webpage.

 

Amen, brother!

 

I would disagree that it undermines our skills or hinders their development. It is another tool to use in the learning process and in my opinion one of the better ones to use for new comers to the hobby. I don't agree with every single sticker JA hands out nor do I agree with every coins that he rejects, but at the same time I am very aware that he has forgotten more about coins than I will probably ever know and has seen more coins and more great coins in person than I ever will. It's entirely possible that our disagreements are something I may be missing which would be a learning opportunity to me, and others it just may be a matter of personal taste and the subjective aspect of grading which is perfectly acceptable for different people to have different taste.

With that said I will agree that the idea of a CAC price guide strikes me as counter productive as my initial response. One of the reasons CAC came about what that great coins were getting pigeon holed in price guides with not so great ones. Trying to lump all CAC coins into a standardized price seems to exacerbate that problem just at a different level.

I have have never been a fan of the idea of trying to price everything the same and often times think we take price guides to literally. Better coins will go over guide as we see with auctions time and time again and buyers sticking solely to guides often miss out on the better coins. Seems odd to me to want to lump the better coins into one price range, that certainly works for common coins with stickers but a good chunk of the stickered market I don't see as a good fit for standardized prices.

 

It's marketing...plain and simple. People WILL pay MORE for a CAC coin whether it's justified or not.

 

The individual buyer needs to study the coin and make a determination for himself of whether the coin is weak, average or strong for the grade. A CAC sticker is a bonus -- and one the buyer has to determine for himself how much of a premium, if any, it is worth.

 

And yet it has nothing to do with government, big or small, and is precisely a free-market phenomenon.

 

That's about as much wisdom as I've ever seen crammed into one numismatic post.

CAC's price guide means as much to me as any other "Price Guide;" no price guide ever outbid me on a coin.

 

While everything you say may be true, the fact of the matter is that folks who are about to spend money on a coin will pay MORE for that coin if it has multiple "professional" opinions associated with it.

This is simply the way the market has developed.

As for "protecting coin buyers from themselves"? It's not that at all as there are plenty of coin buyers who just do not care.

BUT, the discriminating collector prefer's professional opinion and reassurance over a generic grade.

Prices do not reflect what a Coin's value is, they only reflect what people have been known to actually pay and/or what CAC will pay in support of their guarantee based upon market trends.

I'm currently considering some CAC Submissions for the reasons stated above since the value I place on my coins is irrelevant in the open market without professional concurrence and reassurance for prospective buyers.

 

I agree