Was looking at a semi-recent Coin world magazine (June 2016) and I noticed this ad. I thought if CAC denotes high quality for its grade and should be in some cases a slightly higher grade, why is PCGS promoting this? Wouldn't that mean PCGS is slightly lax, or am I not understanding CAC green bean that well? Sent from my A463BG using Tapatalk
The green sticker means that the coin is a good example for the grade it was given. They are showing off their so called ability to grade a coin accurately.
A green bean denotes that CAC thinks is graded properly. A gold bean denotes that CAC thinks it is an exceptional example in it's grade and could possibly get a higher grade.
You're seeing it clearly. What PCGS isn't saying is that there were 1936 of their slabs sold at that auction....wonder how many of them failed to get a Green Bean. Not to mention, at auctions of that importance one would expect the better, higher-value coins to be disproportionally represented.
421 vs. 61 simply means that collectors don't trust PCGS as much so they are submitted more often. Chris
I wonder what the actual number that stickered that were sent were in all honesty. It's not uncommon to pull all the stickers when the sticker rate for the collection isn't high enough.
That's another point. I'm still, frankly, kinda laughing inside at the idea of PCGS bragging that less than a third of their coins were considered "good for the grade."
Could this also mean that PCGS & CAC are in cahoots? Like they entered into some sort of business agreement?
Always kind of fun to plug in the cert numbers on big collections and figure out which ones did and didn't cough pogue cough I think the point they were going for is that their coins sticker at a higher rate which seems to have merit from some of the big collections sold recently with the sticker rates. That said maybe it was done by their customer service department and it doesn't exactly drive home the point they are trying to make No, CAC has nothing to gain from such an arrangement not to mention JA doesn't seem like that type of guy.
LOL - if you look on heritage you will see more PCGS coins with cac stickers than NGC. Does not mean anything to me but a numbers game.
None of us know what kind of shady dealings happen behind closed doors in the coin dealer world. I'm not a conspiracy theory whacko, but I also realize that the coin dealer markets are wholly and completely unregulated. There is no such thing as "insider trading" in TPG coin grading and CAC reviewing, and it would NOT surprise me one bit to find out that there was some behind closed door policy or even unknown psychological bias that affects CAC reviewers in a possible preference of PCGS plastic over NGC plastic. After all, there is NO way a CAC reviewer can be "blinded" to the TPG brand when he/she has to look at the coin through the slab and look at the grade to know whether or not they agree with it. CAC is no longer just the person John Albanese. It's also a company, created for profit, and has many financial backers (e.g., Legend Numismatics) and other dealers who peddle and swear by their shiny little green stickers.
What they're trying to claim by the ad is that since 80% of the CAC-approved coins in those two auctions were PCGS coins, you're chances at getting a CACable coin are far better by buying a PCGS-graded coin. Whether that claim is true or not cannot be determined by those numbers alone. Here's a book that might shed some light on the ad.
Wait so does this mean that ngc holders with a green bean will have a premium cause there aren't as many as there are with pcgs????? On a side note I should start a company that puts ngc and pcgs holders in another slab, but only those with cac stickers to protect the sticker
