Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Holy .... NGC just took PCGS behind the woodshed!
>
Reply to Thread
Message:
<p>[QUOTE="Coinchemistry 2012, post: 2626265, member: 28107"]The A, B, and C analogy doesn't correspond to a gold (exceeds CAC standards) versus green (passes CAC standards) sticker. An "A" coin is supposedly high end, and a "B" coin is supposedly a solid coin. Both receive green stickers. A coin will receive a gold sticker if CAC believes it is solid for the next higher grade supposedly. The key word in all of this is <u>supposedly</u> (despite the fact that numerous coins also green bean at higher grades when resubmitted - CAC is just as inconsistent as PCGS and NGC; go figure!). A "C" coin is an accurately graded coin but is low end for the grade. Of course, there are "D" and "F" coins which should never slab that will also not bean.</p><p><br /></p><p>As for scratches, the loosening of those standards drives me crazy, especially from CAC. I have seen coins with minor hairlines that have toned over long ago and are barely visible to be rightfully rejected, yet CAC will gleefully and openly sticker a coin with a deep scratch that it describes as toned over. I have seen far too many PCGS and NGC bust coins with deep scratches that are distracting that end up with CAC stickers. To be clear, we are not talking about adjustment marks (I know what those look like), but actual scratches that appear to be from old staples. Not to go off on a tangent, but this is why CAC needs to stop with its marketing language about "A" and "B" versus "C" quality coins, etc., and simply call it for what it is. It is a private trading network and you must pay to play. If he puts a sticker on it, he'll buy it later... maybe (there is technically no guarantee and CAC could close its doors tomorrow without any liability for its opinions). CAC's bids were very strong for the first years, but its bids have been much lower recently (usually around Greysheet bid or whatever they call it now in the new CDN). Bottom line: It is nice to have someone else's opinion, but don't rely too much on CAC. Sometimes CAC needs someone to verify and grade it![/QUOTE]</p><p><br /></p>
[QUOTE="Coinchemistry 2012, post: 2626265, member: 28107"]The A, B, and C analogy doesn't correspond to a gold (exceeds CAC standards) versus green (passes CAC standards) sticker. An "A" coin is supposedly high end, and a "B" coin is supposedly a solid coin. Both receive green stickers. A coin will receive a gold sticker if CAC believes it is solid for the next higher grade supposedly. The key word in all of this is [U]supposedly[/U] (despite the fact that numerous coins also green bean at higher grades when resubmitted - CAC is just as inconsistent as PCGS and NGC; go figure!). A "C" coin is an accurately graded coin but is low end for the grade. Of course, there are "D" and "F" coins which should never slab that will also not bean. As for scratches, the loosening of those standards drives me crazy, especially from CAC. I have seen coins with minor hairlines that have toned over long ago and are barely visible to be rightfully rejected, yet CAC will gleefully and openly sticker a coin with a deep scratch that it describes as toned over. I have seen far too many PCGS and NGC bust coins with deep scratches that are distracting that end up with CAC stickers. To be clear, we are not talking about adjustment marks (I know what those look like), but actual scratches that appear to be from old staples. Not to go off on a tangent, but this is why CAC needs to stop with its marketing language about "A" and "B" versus "C" quality coins, etc., and simply call it for what it is. It is a private trading network and you must pay to play. If he puts a sticker on it, he'll buy it later... maybe (there is technically no guarantee and CAC could close its doors tomorrow without any liability for its opinions). CAC's bids were very strong for the first years, but its bids have been much lower recently (usually around Greysheet bid or whatever they call it now in the new CDN). Bottom line: It is nice to have someone else's opinion, but don't rely too much on CAC. Sometimes CAC needs someone to verify and grade it![/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
>
Holy .... NGC just took PCGS behind the woodshed!
>
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...