Discussion in 'US Coins Forum' started by DMPL_dingo, Jan 23, 2021.
Does anybody know if they keep a record of rejected coins’ cert numbers?
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Yes they do keep a record of coins that have passed. You can look up here https://www.caccoin.com/lookup/
You can check CAC verification online:
They have such high standards they probably figure if you want to re-submit and pay the fees again, do so. If the coin didn't make it on the 1st try, unless they (JA) made a big mistake the 1st try, it's not going to make it on the 2nd.
If it did, problem corrected, and they made more $$$.
No, you do not have access to that record (for obvious reasons).
You can find the census of coins which did pass at the link shared above.
sure, cac makes errors, but they correct them when it is brought to their attention.
Yes, they do. I know because I had just bought a 1909-s v.d.b. MS65 rb from Blanchard and knew that the founder of CAC worked for them as well. I had also recently purchased an 1877 1c ms-65 rb from APMEX and mentioned it to the helpful sales guy who handled my 1909-s vdb purchase.He asked me to take a picture of the 1877 holder and told me he would get back to me. He did via e-mail the next day. He told me my 1877 had indeed been submitted and *sob* rejected for a CAC bean.
And this is why they don't usually tell you if a coin had been rejected.
"Rejected" by CAC is treated as a death knell for a coin. Rejected does not mean that it has problems, rejected does not mean it is improperly graded. A rejected coin very well be absolutely pristine, original, and attractive. It just means that its on the lower end for the grade - a 65 coin which is worth a 65 price.
If buyers knew a coin was rejected by CAC, there's a very high chance that buyers would also reject the coin and it would trade at a discount, without any good reason.
That's how I saw it as well. Is a PCGS graded coin and the grade was simply a fair one.
They look at it again but I'm fairly sure they check their database (some coins sticker on a future attempt but it is not common).
Thanks, didn't know that.
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