How do I send a coin in for CAC consideration?

Do I need to have a membership or something?

Or does anyone know if there are dealers I can go to who I can pay to send them in for me and then come pick them up when they get them back?

Thanks

 

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You will need to find a dealer to help you with it. I would look for someone in your area.

 

Ah ok thanks!

Just to be clear: It IS possible for a dealer to submit a customer's coin on their behalf?

 

Yes if the dealer is set up with CAC and is willing to do it for you. The dealer may not have anything going in at the time to include your coin.
It's possible to join CAC but there was a waiting list at one time. That may have changed. I'm not sure.

 

Try their website
https://www.caccoin.com/#about

 

CAC website says
"CAC Membership: CAC is currently accepting new Dealer and Collector Member applications. Current wait list is approximately 8 weeks from receipt of application"

Not sure if you intend to continue submitting to CAC or not, or if it's just a one shot, it would definitely be faster to find a dealer near you to submit it for you rather than waiting the 8 weeks to become a collector member for one coin, possibly ever. up to two months just to wait to be approved to submit though.

Also it looks like from what they accept, they don't do anything "modern"meaning it ends in most series at 1965 or even earlier, with the few exceptions of like popular lincoln cent doubled dies. Oh and MS Eisenhower dollars for some reason, they do that series. LOL
That kind of surprised me to find that out.

 

Oh yeah that's why I asked if dealers are allowed to send in coins on behalf of customers. I wasn't sure if it was allowed or like a violation of rules of membership or something like that.

I absolutely wouldn't want to wait 8 weeks to send mine in.

No worries my coin is from 1799 so it's definitely not "modern" by any means. xD

 

I don’t understand CAC. It’s already been graded so I don’t know why you would pay more because it looks good.

Also, if it’s just a sticker, can’t people just take it off and put it on another graded coin?

 

I would understand if the coin had spectacular toining but this is just a normal 1799 silver dollar just let it be and no CAC unless if you're looking to sell it.

 

As I understand that within a grade level you have high, mid, and low as far as the quality of the coin in the slab at that grade. The CAC green sticker is for the mid coins or "solid for the grade", the CAC gold sticker is for high coins, and they don't sticker the lows that they see. Also as I understand it CAC will also bid on CAC verified coins.

Not all MS65 coins are alike, it's their opinion, if they sticker it, green, it's either solid for the grade, or gold, it's comparable to coins graded a grade higher. it separates the wheat from the chaff I guess when it comes to auctions or sales where you can't hold it in your hand and determine it yourself.

There's an article here with a study they did on CAC stickered coins gaining value, or in a way, assurance in auctions (people generally being comfortable spending more for them), and has their methodology. https://www.us-coin-values-advisor.com/CAC-vs-Non-CAC-coin-prices.html

Also,
it's a foil hologram that, as I've heard from people, will break apart if you try to peel it off, you can remove it from the slab without damaging the slab, but you can't remove it from the slab without damaging the sticker to a point it's obvious it's been tampered with.

 

on the CAC website already linked, there is a directory search function at the top in the black bar for CAC submission centers, i.e. dealers that are set up to submit to them, near you.

 

I agree in theory about CAC, I mean its an opinion of an opinion. BUT, there is no doubt a green bean sticker gives it a premium. Just look at the past auctions.

 

Yeah that’s exactly why I wanted to get the CAC.

I have no intent to sell my coin at this time or in the near future but I do think it’s worthy of a CAC due to being very close to the next grade in my opinion and having that CAC verifies that it’s not just my opinion but CAC’s as well.

 

It would be good if you have a local Numismatist advise you in my opinion. Good luck.

 

Surprised half dollar Kennedy coin not accepted.

 

I've actually talked to two coin shop owners via email and they both said they think it would get the CAC sticker if I sent it in but neither of them was doing submissions.

 

You could also piggyback with any of the CAC members who make submissions. I’ve seen members on these and other message boards inviting people to submit their coins with them to CAC.

 

Isn't that pretty risky though?

I mean it would require sending an unknown stranger expensive coin(s) in the hopes they are telling the truth and will return it after sending it in.

What is to stop someone from pretending that they are sending a CAC submission and then asking people if they want in only to take all the coins people send them and run off with them?

 

True.. Don't do it ever then!
What's the point of a CAC sticker anyway?
Waste of money. IMO

 

Well the point is so that in the even the coin is sold one day a CAC sticker will draw a premium. If someone has to choose between two of the same coin and date & mint & grade a buyer would rather pick the CAC one than the non CAC one.