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<p>[QUOTE=&quot;Lehigh96, post: 1503989, member: 15309&quot;]There seem to be a lot of members of this forum who believe that the CAC has essentially no value and its only purpose is to artificially inflate the values of coins.&nbsp; Furthermore, some members make the claim that the CAC routinely certifies coins that are not good for the assigned grade.&nbsp; We will refer to these coins as CAC Dreck.&nbsp; Since they are so common, I though I would create a thread in which Cointalk members can post their examples of CAC Dreck</p><p><br /></p><p>Here are the rules.&nbsp; If you are posting a coin, you must divulge how many CAC coins you have actually owned in your life, how many you have personally submitted to CAC, and if you own the coin being posted or are just borrowing from another website as an example.&nbsp; In the event that you don&#039;t have a CAC Dreck, I would still like to encourage your participation.&nbsp; All you have to do is provide the information requested above and then apologize for posting a CAC coin that is actually good for the assigned grade.</p><p><br /></p><p>Okay, I will start.&nbsp; Personally, I have never submitted a coin to the CAC and have only owned less than a dozen CAC coins in my lifetime.&nbsp; I have never once seen a CAC Dreck in hand and I apologize for not having any CAC Dreck, but here is a <a href="http://coins.ha.com/c/item.zx?saleNo=1104&amp;lotNo=504" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=1104&amp;lotNo=504" rel="nofollow">1942-P Jefferson War Nickel NGC PF66 CAMEO CAC </a> that I purchased from Heritage in April 2008 shorty after the inception of the CAC.&nbsp; I was hesitant to bid on this coin at first because the auction photo did not clearly show the cameo contrast and the CAC was very new in the marketplace.&nbsp; I did not know whether or not the CAC approval applied to the CAMEO designation as well as the numerical grade.&nbsp; See the problem is that this coin in CAMEO has a population of 5/4 and a price tag of approximately $2,500.&nbsp; Without the CAMEO designation it has a huge population and is only worth $150.&nbsp; After a few e-mails to CAC, I confirmed that the CAC approval did in fact include the CAMEO designations and strike designations but not the star designation.&nbsp; This information gave me the confidence to make a strong bid on a coin sight unseen that I really wanted for my collection.&nbsp; Without the CAC approval, my only option would have been to pay a dealer to preview the coin for me at the auction and depend upon their assessment of the coin.&nbsp; A nice anecdote about how the CAC helps bolster the sight unseen market.&nbsp; </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1942NGCPF66CAMEO.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Okay, it&#039;s your turn.&nbsp; Show me your CAC DRECK![/QUOTE]</p><p><br /></p>

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