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Cleaning and Toning of Ancient Coins; Opinions and Controversy Expected
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<p>[QUOTE="Sallent, post: 2272930, member: 76194"]Wait until they start to add CAC stickers to ancient slabbed coins. Then the Alexander III you could have bought for $300 raw is now $450 slabbed, but if it has a CAC sticker it is now $550.</p><p><br /></p><p>CAC, that's the new fad. Basically if PCGS grades a Morgan Dollar MS-63 you now send it to CAC and they supposedly get a team of experts to decide if it is barely MS-63 (in which case it doesn't get a sticker), or whether it is a high end MS-63, in which case it gets the magical sticker and now the coin is worth a lot more.</p><p><br /></p><p>Once that happens to Ancients, its game over. You will no longer have that many numismatists and instead you'll have a flood of investors coming in and overpaying for coins with certain grades and magical green stickers for investment purposes. That is what is happening to American coins. It gets tiring when you are trying to discuss the elements of the design of the coin or the history when the only thing these investors care to discuss is "how much do you think this coin will be worth in 5 years".[/QUOTE]</p><p><br /></p>
[QUOTE="Sallent, post: 2272930, member: 76194"]Wait until they start to add CAC stickers to ancient slabbed coins. Then the Alexander III you could have bought for $300 raw is now $450 slabbed, but if it has a CAC sticker it is now $550. CAC, that's the new fad. Basically if PCGS grades a Morgan Dollar MS-63 you now send it to CAC and they supposedly get a team of experts to decide if it is barely MS-63 (in which case it doesn't get a sticker), or whether it is a high end MS-63, in which case it gets the magical sticker and now the coin is worth a lot more. Once that happens to Ancients, its game over. You will no longer have that many numismatists and instead you'll have a flood of investors coming in and overpaying for coins with certain grades and magical green stickers for investment purposes. That is what is happening to American coins. It gets tiring when you are trying to discuss the elements of the design of the coin or the history when the only thing these investors care to discuss is "how much do you think this coin will be worth in 5 years".[/QUOTE]
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Cleaning and Toning of Ancient Coins; Opinions and Controversy Expected
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