cac stickers can help a coin when selling

Discussion in 'US Coins Forum' started by potty dollar 1878, Feb 16, 2021.

  1. charley

    charley Well-Known Member

    For some reason, I recall a post by Mr. Moreland about that, after he had bought a very impressive example. I remember a lot of talk about the circulated pieces being harder to locate, and I seem to recall there was not much difference in CAC pieces between the 2.

    I think a member here was involved in this discussion, and directly with Bruce, which, incidentally, revolved around the "mistakes" that CAC makes.

    The member will recognize this reference. I thought he made some very good points. He can elaborate if he wants to. It is not my place to do so.
     
    potty dollar 1878 likes this.
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Lehigh96

    Lehigh96 Toning Enthusiast

    But that is the whole point. That next grade represents the conditional rarity, and it is exactly that price jump that causes people to submit/resubmit coins trying to get that grade with the big price tag. The result is an artificially inflated population at the lower grade with a suppressed price tag. A CAC sticker for the lower grade helps restore some of the value for coins that are actually good for the grade. So while rampant resubmissions chasing the conditional rarity caused the decline in price of the lower grade, the price jump created by the conditional rarity means a bigger spread in price between a CAC coin and a coin without at the lower grade.

    The next time you talk to one of these guys who have an "issue", ask them if they like gradeflation. From my perspective, if one dislikes gradeflation and its effect on coin prices, then that person can't object to the effect that CAC has on prices.
     
  4. charley

    charley Well-Known Member

    That is a often repeated conversation, and is interesting. I always wonder.....how many of those collectors would have the issue if they were selling their coin under the same conditions?

    Would they discount their coin accordingly to match their own position of an issue?
     
  5. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Brilliant point....probably deserves its own sticky. :D
     
    Lehigh96 and potty dollar 1878 like this.
  6. Mac McDonald

    Mac McDonald Well-Known Member

    Thanks...was mixed up on colors-to-designation and going by memory...my bad. That said, have never seen a gold one...will be looking a bit more carefully.
     
  7. eddiespin

    eddiespin Fast Eddie

    So the greens on the assigned grades are rather holding those grades the more steady. That makes sense.
     
  8. Publius2

    Publius2 Well-Known Member

    Well, here's a gold-stickered one.

    DSC_1050-tile.jpg
     
  9. St Gaudens collector

    St Gaudens collector Active Member

    You have to look at that person's collection.
    I can basically tell almost everything about a saint collector by their 1920.
    I can also tell the people who collect CAC stickers by their coins even though I'm only seeing TrueViews.
    Some impress & others do not.
     
  10. charley

    charley Well-Known Member

    then you would be building marble cathedrals as a place of worship for the saintguru pieces, and declare him the omnigod.
     
    potty dollar 1878 likes this.
  11. St Gaudens collector

    St Gaudens collector Active Member

    I've never seen his 1920 but I have seen some of the stuff that didn't boil down into "sauce." A collection can evolve & the collector along with it.

    Fox went on purge and dumped all his non-CAC coins.
    He replaced them with beaned ones & then sold his entire set soon after.
    I have to wonder if he became disillusioned by where things were heading & lost interest.

    Simpson doesn't care about beans and Hansen doesn't either.
    Same goes for MidSouth

    Once you get into the rarified air of pop 10 coins, nobody really gives a crap about stickers. Why should we?
     
    Last edited: Feb 17, 2021
  12. baseball21

    baseball21 Well-Known Member

    In terms of actually on the coins still holdered, more are on PCGS slabs. The better NGC coins get crossed over to PCGS A LOT, especially the CAC ones.

    I'm sure we've seen a lot of the same posts and I know exactly what you mean. It always blows my mind how many turned against it because their submission didn't go as well as they wanted.

    That is one thing that always drives me crazy about the grading discussions, people will use their own different standard and then say something else is wrong. In reality it's not wrong the standard is just different and things need to be judged based off of that. I can certainly understand why some series get more leeway and no one wants a hobby where an entire series is just details coins.
     
  13. baseball21

    baseball21 Well-Known Member

    You could probably count on your fingers the number of people and dealers that would say i grade this lower and will price it at the lower grade. It's the most classic phenomenon in collecting, when people are buying everything is over graded and when people are selling their stuff is undergraded
     
  14. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Want to know why people pay a premium? Because they are idiots and don’t understand that the CAC sticker merely means it is choice FOR THE GRADE, not worthy of a grade bump.
     
  15. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    The point is that you can have a perfectly nice coin, but a buyer will pooh-pooh it because it doesn’t have a CAC sticker (they assume it doesn’t have a CAC sticker because it is overgraded dreck). That means a coin, even one in a top-tier problem-free holder, no longer holds its own merits. It needs a CAC sticker, which means additional expenditure to make it acceptable in the market.

    This negative stigma was reserved for raw coins when slabbing became mainstream. Now slabbed coins without stickers are getting the negative stigma.
     
  16. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    It looks GREEN to me......? o_O
     
    potty dollar 1878 likes this.
  17. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Elaborate, I'm all ears......:D
     
    potty dollar 1878 likes this.
  18. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Alot of Rollo Fox' collection was sold at FUN 2020. It was very informative.
    They need to talk to the guy who requested a DOWNGRADE of his 1927-D so he could get a CAC on it !! :D
    Agreed !! :cigar:
     
    potty dollar 1878 likes this.
  19. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    How does submissions for CAC work, price-wise ? % of the coins value, like with PCGS and NGC ?
     
    potty dollar 1878 likes this.
  20. baseball21

    baseball21 Well-Known Member

    Depends if your a collector member or dealer. Collectors only pay for what’s sticker plus shipping and handling and dealers pay for everything. It’s a flat rate and MUCH cheaper. There’s really no reason not to try with valuable coins unless you know it’s low end.
     
  21. johnmilton

    johnmilton Well-Known Member

    The price that CAC charges is only the beginning. If you have some really valuable coins, there are the shipping expenses to and from CAC, the insurance and the risk of losing a difficult to replace item. When NGC moved out of New Jersey and came to Florida, the skuttlebut among dealers was that they moved because too many coins were disappearing in the New Jersey post offices. CAC is in New Jersey.
     
Draft saved Draft deleted

Share This Page