Featured CAC Lesson Learned......

That is because you can grade and know what you are doing. A lot of collectors can't - and they go for CAC coins, which is okay. If I could find two coins solid for the grade one CAC and one not CAC and the not CAC is cheaper then I go with non-cac coin. On ebay at times I am lucky I can find two coins to even look at on what I collect(mainly looking at large cents). I reject most graded coins for a couple of reasons - but most of those are grading or surface issues that while I upgrade I am avoiding. I like CAC, but I do try to avoid the premiums. Then again some CAC coins (and even non-cac coins) deserve a premium over the standard price.

 

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Well said. I use CAC as an aide, not a crutch. Same for the TPG's.

 

I disagree.

Anytime you buy a coin online, you are buying from pictures. True. However, if the seller offers a return policy (and most of them do, with the exception of auction houses), you have an extended period where you can view the coin in hand, make your own opinion about the coin (and even take it to a local dealer, show it to friends, post your own pictures on here, etc). If you like it, you keep it. If you don't, you return it. I can't think of any more generous version of "sight seen, in hand" purchasing than this.

 

I just got my CAC submission back today and I did not get any red sticker or explanation on reasons for a failed coin. Is this typical to get this sticker?

 

@Agilmore01 , last fall, I submitted ~20 coins to CAC. 60% received the bean. No one of the coins that didn't get their blessing had a "red/orange" sticker on them.

 

I guess they have either stopped, or he doesn't do it for dealers, which is who I submitted mine through.

 

Sometimes JA will put a sticker on and sometimes not. I typically walk coins through CAC and those few that fail the process always have a little red sticker that says something like "scratch on shield"..."PVC in field"..."too much carbon" or whatnot.

 

I applaud John for giving reasons........

 

Did you ask for feedback?

 

And I have no problem with that what so ever - I think it is good move. At the same time continue looking at CAC and non-CAC coins. Overtime I am sure you can learn to tell the difference and pickup some really nice coins without the premium some dealers include on the coins.

 

Thanks. I do look at CAC coins and agree with your assessment. Not all coins without the CAC sticker have been to the service, so in many cases, the non-CAC coin is indeed an A or B coin.

 

I went through a dealer to submit. No feeback was offered when I received the coins. I decided not to call as I wasn't sure whether they would remember my coins.

 

Thank you!!!!!! Not EVERYBODY needs a gradually but ever-expanding "committee" to verify the previous committee members' opinions! The VAST majority of "serious" coins I see and buy have never been to PCGS or NGC either, much less been CACed on. I read in rapt wonder the stories I read on here that at least imply that any decent coin has already been slabbed at some point. THAT IS SO NOT TRUE, BUCKOS! The world, especially in back-country Pennsylvania, is literally awash in nice, original beautiful classic coins that have never seen a sonic sealing machine, dudes. Many have only been in ONE collection, and only reappear because someone's heirs want to sell.

Yes, I'm saying the Keystone State is loaded with collections that some cataloguer will someday breathlessly describe in the leather-bound limited edition of "Heritage presents - The John Jacob Jingleheimer Schmidt Collection".

 

His name is my name too........

 

Feedback is only provided if requested, and on those coins, JA often makes notes.

 

Glad you dropped the other shoe at the end of the post. Buying any coin due to a hyped "label" or added"sticker" and expecting to be treated fairly is not wise at any time. It's "open season" on our wallets from now on so beware of all hype/deals as there's 0 protection any more....HH...

 

I've seen stuff in my dealer's show case that are very nice that have never seen a slab.

 

But lets face it, there's a culture out there that seriously thinks that if it's nice and not in plastic there's something wrong with it, and the problem with that thinking is it's contagious...

 

Infectious.......