I agree with you, but my experience has been less than millions of coins are over-graded, possibly 10%, with the remainder generally meeting the incomplete 1977 published standard body. However, I'll defer to your greater experienced opinion, but absolute none is a powerful word for varying subjective TPGS "standards". JMHO
The CAC bean only means that the coin has been subjectively graded by a human to at least the average grade criteria of that TPG organization, which may differ from another TPG! Another TPG may grade upon just the strike and not uniformity of color/luster/die-condition/general-uniformity/etc.! I waited until there was a generally more qualified post than others and mine (i.e. mine based on the only ILLUSTRATED standard that's believed to be litigation-acceptable/relatively-not-subjective) before I responded! You can see from earlier posts that the definition of perfect/MS70 is seemingly quite controversial, and to be determined by other humans than us!
I'm pretty sure he meant "gold coins that got a bean", not "coins that got a gold bean". Although he might well have some gold coins with gold beans...
The Gold sticker DOES NOT imply the piece "...would probably upgrade at PCGS or NGC.". I hope collectors don't think the piece will. It would probably be a very disappointing and expensive experience for the collector, when the collector sends the piece back to PCGS or NGC for review/reconsideration.
All opinions are respected/appreciated, but my statement is based on published statements, seen both here and on CAC information sites. I'm a CAC qualified collector/submitter who was interviewed by John for having an account.
No. Just, no. While a CAC sticker has a criteria, by no means does the Sticker imply that the piece is the average Grade criteria of the TPG that encapsulated the TPG, thus the reason the piece received a Sticker. I suspect you are stating what you think, not what is, or you are not as clear with what you meant to state. Using your understanding, all TPG coins would receive a Sticker, because, logically, the TPG graded the coin to their own criteria. JA does not give a darn what the encapsulating TPG (NGC or PCGS, for the purpose of this conversation, because those are the only TPGs evaluated at this time )thinks. I understand your last paragraph. Every other direct submitter underwent the same qualification review. Additionally a Sticker would not imply that the piece would probably upgrade. No. It does not. No published statement by CAC supports your interpretation, and no statement on the CAC Board(s) indicate same.
This (above) is a presale. For me I will wait until CACG slabs are actually out in the market place: eBay, GC, bourse at shows. From that point decide if buy any of them or not.
Thanks! You have given me a great idea for my grading column in Numismatic News. Apparently, the grade of MS-70 is very confusing. That's because of all the changes to its original meaning, and the slipping standards of the word "perfect" and how it is determined today by major TPGS's. From what I read, hear, the green sticker signifies that the coin in the holder is at the middle to high end of the grade on its label. A gold sticker means the coin does or likely should rate a higher grade than the grade on the label. PS @imrich I rarely use "absolutes." However, in the case of 40+ year old ANA grading standards, I'll use "none." I suggest you take a look at your 1977 ANA Guide, pick a coin type and one of the grades and then pull up the PCGS Online Grading Guide and compare the image for that grade.
FROM THE CAC SITE: "Out of all the coins submitted to CAC, less than half receive the honorable CAC sticker." THUS: They only "Bean" a NGC or PCGS coin above the lower half of the TPG graded coins submitted! It's only semantics!
I generally apply those standards to all of the coins I purchase. After working in BM coin shops from the age of 9 years, more than 7 decades ago, going to coin shows with the owners/dealers. My opinion was of unclouded/bias value. My objectivity? is still appreciated, and of Literal value to my Pro Bono recipients. I appreciate a challenge as more than a debate team Captain. Thanks For Yours!!
Thanks. It's only letters. "A' and "B" coins but no "C." I thought every CAC submitter knows what you posted.
No. It is not semantics. It is your incorrect interpretation, which is not factual. With this latest response by you on the subject, you simply did an about face as to what the Sticker means. You originally implied it means the piece was graded to at least the average grade criteria of the TPG. Then why do less than 1/2 of the TPG graded pieces receive a Sticker? It was graded by the TPG to at least the average Grade criteria, no? Do you not understand the fallacy of your position?
No. But, it is an interesting dilemma; should NGC or PCGS grade a piece based on a median scale, IF that is the Standard used by these entities?
