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<p>[QUOTE="Tom B, post: 1924323, member: 11854"]Thank you all for the wonderful comments and for bringing up many points that I had either not thought of or that had completely slipped my mind.</p><p><br /></p><p>Chris brings up an excellent point about folks who put more faith in a CAC sticker than perhaps they should. After all, a coin might meet the standards of CAC while at the same time failing in one or more of the requirements for the individual collector. For my own collection, there are myriad CAC certified coins that I would not buy and this is not a slam on PCGS, NGC or CAC, but rather simply a reflection of the reality of what I am striving to incorporate into my own pieces vs. what the broader market defines in terms of grades and market acceptance. To further the point about CAC guidelines and possible confusion, there was a period early on in the CAC history where CAC did a relatively poor job of communication with the public in order to explain their mission and what they liked and did not like. During this period I was rather critical of the communication from CAC and wrote such on various boards. To their great credit, CAC addressed many of these issues and I believe at this time they are quite responsive with the collecting public.</p><p><br /></p><p>CAC acceptance of new dealer or collector members is entirely up to CAC and I would have no special insight into the process or any delay. Obviously, since I am a dealer member I have been through the process, but truly it was a while ago and I do not recall what I had to do to be accepted. However, because of my long-term relationships with those who run CAC, it might have been a streamlined process for me since they knew what to expect. I realize this does not completely answer josh's coins question, but it is the best I can do since I am not a spokesperson for CAC.</p><p><br /></p><p>Unfortunately, KoinJester, I can not share images of the coin in question.</p><p><br /></p><p>Catbert, that is a great 1839, isn't it? It's a half-dime in an OGH graded as an MS65, but it looks a whole lot nicer than the assigned grade. The obverse strike is terrific and the reverse strike matches it, just as the reverse toning pattern and depth match the obverse. The coin might not be sexy since it does not have monster colors, but for only about $1,500 I simply could not pass up on such a wonderful, original coin. I also prefer to have CAC stickers on the coins in my collection and part of that is because so many already have CAC stickers that it makes the coins more uniform and also removes any inference from those pieces that they have failed the process. Additionally, future liquidity may be enhanced by having the sticker and I believe it help to financially protect my wife and little girls in the event that something happens to me rather quickly. I never realized that CAC mentions the average declared value of coins they have stickered, but in my case it would be far lower than the $5,000 average mentioned in your post. I have no issue with dropping off a $250 coins that sits in my collection if I am going to CAC for a walkthrough visit.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1924323, member: 11854"]Thank you all for the wonderful comments and for bringing up many points that I had either not thought of or that had completely slipped my mind. Chris brings up an excellent point about folks who put more faith in a CAC sticker than perhaps they should. After all, a coin might meet the standards of CAC while at the same time failing in one or more of the requirements for the individual collector. For my own collection, there are myriad CAC certified coins that I would not buy and this is not a slam on PCGS, NGC or CAC, but rather simply a reflection of the reality of what I am striving to incorporate into my own pieces vs. what the broader market defines in terms of grades and market acceptance. To further the point about CAC guidelines and possible confusion, there was a period early on in the CAC history where CAC did a relatively poor job of communication with the public in order to explain their mission and what they liked and did not like. During this period I was rather critical of the communication from CAC and wrote such on various boards. To their great credit, CAC addressed many of these issues and I believe at this time they are quite responsive with the collecting public. CAC acceptance of new dealer or collector members is entirely up to CAC and I would have no special insight into the process or any delay. Obviously, since I am a dealer member I have been through the process, but truly it was a while ago and I do not recall what I had to do to be accepted. However, because of my long-term relationships with those who run CAC, it might have been a streamlined process for me since they knew what to expect. I realize this does not completely answer josh's coins question, but it is the best I can do since I am not a spokesperson for CAC. Unfortunately, KoinJester, I can not share images of the coin in question. Catbert, that is a great 1839, isn't it? It's a half-dime in an OGH graded as an MS65, but it looks a whole lot nicer than the assigned grade. The obverse strike is terrific and the reverse strike matches it, just as the reverse toning pattern and depth match the obverse. The coin might not be sexy since it does not have monster colors, but for only about $1,500 I simply could not pass up on such a wonderful, original coin. I also prefer to have CAC stickers on the coins in my collection and part of that is because so many already have CAC stickers that it makes the coins more uniform and also removes any inference from those pieces that they have failed the process. Additionally, future liquidity may be enhanced by having the sticker and I believe it help to financially protect my wife and little girls in the event that something happens to me rather quickly. I never realized that CAC mentions the average declared value of coins they have stickered, but in my case it would be far lower than the $5,000 average mentioned in your post. I have no issue with dropping off a $250 coins that sits in my collection if I am going to CAC for a walkthrough visit.[/QUOTE]
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