I think the average sticker rate is only About 35%. My personal average is about 60% but I have a good idea for what they will and won’t sticker
Now Mike just playing the devils advocate here, as we are friends, and have done business over the years. When I think of Mike .....I think of Tought Coins! I know what to expect and the quality of service and expertise. This is called "branding" branding is what your customer base expects from you. They have given you their trust to provide the goods or service at a standard they have learned to except as well respect.....a trust.....in you.....your brand! Going with CAC is lowering your brand ...as now you're offering a service that I as a buyer can get anywhere and have no real assurance or need for recourse with you. The same customer can now say I don't need ToughtCoin that little green sticker assures me it's good to go ,and I don't need to involve Mike so ..... Branding is very important in today's business world. Knowing you as I do Mike I have no doupt what so ever of the quality of your inventory . The knowlege you have learned and shared over the years. I need no TPG or a sticker to guide my purchase from you. I am willing to pay you more why......I trust your brand!
I think Mike is going above and beyond for this customer, and doing this is a feather in his cap. I think this helps his "Brand" and helps with future business opportunities.
I appreciate your perspective Paddy, and do not plan to abandon my traditional approach. Please remember that I didn't submit these coins to use the sticker as a crutch in making sales. If I felt that was necessary, I would have applied to become a CAC submission center myself . . . perhaps even long ago. I looked at this as a one-time deal, born of the insistence of a single customer, and then submitted a bunch more coins with it because I didn't feel like I'd be getting good value for the expenditure unless I spread my costs over more coins.
If I was a dealer and taking coins to a priest to be blessed increased their salability I would think it was stupid but guess what I'd do? Also for those saying people just need to learn to grade for themselves. Those people are the exact ones who should send to CAC and use the service for it's single greatest benefit: talking to John about coins that failed and learning exactly why. What a service.
When CAC started, I thought it was a good thing. Still do. I'll take all the opinions possible on a coin. I also value the opinions of several good friends and dealer friends. When I add my own opinion to the mix, I feel I have a good understanding of a coin. My life is based on building teams of good people. There is one thing about CAC that upsets me a bit. Much of my collection was before CAC started. These coins are now worth less compared to those with the sticker. I'll need to spend more time and money before selling the collection.
To those who ignore the labels and buy the coin, they are not worth less . . . they are merely less liquid. When I buy a coin, I usually haven't even noticed if there was a CAC sticker on the holder, unless I was informed beforehand by the seller. Fear not, as there are more out there just like me. Those who buy the holder and not the coin are likely going to fall short of buying your bean-less prizes with their lower offers, but there will still be strong buyers for your nice coins . . . just not as many of them. You know the right buyers well enough that finding good money will not be a problem for you. Not so for sellers who do not know the coin or the market so well . . . and it is that limited segment of the market which CAC should justifiably serve.
I could definitely believe that for the overall rate and even the overall number is a bit misleading for several series.
Let the customer buy the coin as is and then they can send it in. IMO if a customer dictates conditions like this, it is like going into a car dealership and telling the owner that if he changes all of the badges on a car, I'd buy it. I'd be laughed out of the place.
The old joke goes, "We've already established what you are. Now we are just negotiating the price." Everyone compromises their integrity at some point. Although I do agree with Mountain. I would have cut the price very very slightly, and suggested the customer send it in. Because, if he doesn't want it, there's someone else who will and the extra expense, and the selling of your soul is not worth a few dollars.
If a customer walked into my Bugatti dealership and would only buy a car if I put an "I Love Poodles" sticker over the Bugatti emblem, that is a sold car. I'd even pay for that sticker.
I would appreciate it if you post a list of the grade you gave to each coin prior to sending them in. Better if you posted them after you get them back. Just a thought. Thank you.
The grades assigned by PCGS & NGC are listed already (e.g: P40 = PCGS XF40 and N62 = NGC MS62). Is that what you are asking for?
I agree with this totally. Again it is about branding of who you are and how you run your business. If you as an business owner had considered offering that as part of your service then so be it. But for a customer to ask,especially when they know your stance is the customer trying to get their way no matter the cost. I agree you like this coin here is my price, as is.....you want to change its plastic ,it on your dime...as once you pay me you can do what ever.
Lacking experience submitting to CAC, I didn't realize they were predisposed to withholding stickers for tougher coinage. The results may have me regretting my submission, as only four coins in the submitted group are considered to be common . . . the 1878 and 1914-D Quarter Eagles and the 1909-D and 1914 Half Eagles. It is only money, I guess . . . I just hate wasting it.
I like dealing in a market where collectors pay what the coin is worth without the need for holders and stickers...
So... there are no authenticity questions/ issues/concerns to be weary of for ancients ? Not to mention correct attribution etc... Athenian Owls especially. I've seen some that buy them graded, then crack out to fondle/hold them.