Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Green or Gold CAC Sticker?
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 2953766, member: 5233"]Well...that's how today's market is. </p><p><br /></p><p>Let me totally up front...I don't know a single coin with a CAC sticker and as far as I can remember I have never owned one. It's not that I avoid them, but I have never sought one out either. </p><p><br /></p><p>I'm pretty neutral on TPGs in general. I think that to buy a coin, one should educate themselves and be able to evaluate them personally and decide what they are worth. But, with the internet now playing a huge role in coin purchasing (and thus a reduction in in person buying)...TPGs suddenly have a lot more value. I see them as a safety net for buying coins not in person...and as a way for newer collectors to lessen the chance of getting burned during the learning process.</p><p><br /></p><p>Frankly, in the days before the internet (which is really before my time)...I'm not sure what value the TPGs really had. I know PCGS and NGC were founded in the 1980s...but the internet didn't really start to blossom until the mid 1990s. So, I don't really know how they got a foothold during those first 15 years but they must have.</p><p><br /></p><p>I guess the idea of CAC was the next natural progression. This is simply because every grade (no matter who's grading scale we are talking about) has a range of qualities. I could give you 50 MS-65 1881-S Morgan's and all 50 will have different traits and characteristics. So, somewhere along the way, someone decided to create a business to help identify coins within that range. </p><p><br /></p><p>To me, that seems a little excessive. I mean, I get the idea of using TPGs as protection for online buying...but even with bad photos one should still evaluate the coin. So, to me...the product that CAC has is a little overkill. </p><p><br /></p><p>As far as the trickle down effect of cost...you are right. At some point, we are paying for this. I think the best thing to do is stick to your guns. Evaluate the coin and decide what it's worth to you and don't pay anymore than that.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 2953766, member: 5233"]Well...that's how today's market is. Let me totally up front...I don't know a single coin with a CAC sticker and as far as I can remember I have never owned one. It's not that I avoid them, but I have never sought one out either. I'm pretty neutral on TPGs in general. I think that to buy a coin, one should educate themselves and be able to evaluate them personally and decide what they are worth. But, with the internet now playing a huge role in coin purchasing (and thus a reduction in in person buying)...TPGs suddenly have a lot more value. I see them as a safety net for buying coins not in person...and as a way for newer collectors to lessen the chance of getting burned during the learning process. Frankly, in the days before the internet (which is really before my time)...I'm not sure what value the TPGs really had. I know PCGS and NGC were founded in the 1980s...but the internet didn't really start to blossom until the mid 1990s. So, I don't really know how they got a foothold during those first 15 years but they must have. I guess the idea of CAC was the next natural progression. This is simply because every grade (no matter who's grading scale we are talking about) has a range of qualities. I could give you 50 MS-65 1881-S Morgan's and all 50 will have different traits and characteristics. So, somewhere along the way, someone decided to create a business to help identify coins within that range. To me, that seems a little excessive. I mean, I get the idea of using TPGs as protection for online buying...but even with bad photos one should still evaluate the coin. So, to me...the product that CAC has is a little overkill. As far as the trickle down effect of cost...you are right. At some point, we are paying for this. I think the best thing to do is stick to your guns. Evaluate the coin and decide what it's worth to you and don't pay anymore than that.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Green or Gold CAC Sticker?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...