Useless CAC sticker

No, CAC does not maintain an independent standard of coin grading. If they did, they would be a stabber, instead of a critic, not any different from most of the members here who judge TPG grades, except they don't take money for it. That is a big difference.

Anyway, the CAC sticker on the original image is still useless, even by their standards, IMO.

Ruben

 

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But wouldn't you say that basically CAC is merely verifying what is on the TPGs label? And if so, would that not constitute that the owner(s) of slabbed coins are not entirely confident in the TPG's grade?

 

Many coin owners do not know how to grade, let alone know within a grade or two what a raw coin should grade. Some are so rich that they basically want to delegate as many responsibilities to "experts" so their valuable time can be spent maximizing their profits and their leisure pursuits. So CAC was bound to come along a serve a market niche for the high-end and rare coins.

They have treated me well, if you can get coins with a CAC sticker on them and pick up the phone and get a much stronger offer from CAC than from the other big boys, you are doing OK.

People have said that there may be a conflict of interest, and I am sure that a huge amount of money is being made at their office in Far Hills. It's kind of like being Hugh Hefner or the "Dos Equis" man with the most attractive women flocking around. In this case, they know exactly how the grading services grade and upgrade, so they can buy a coin at one grade and then upgrade it and make $$$, like a money machine.

 

No they don't. Neither the slab nor the sticker increase the value of the coin. What they do is they provide some insurance that the coin is authentic, problem free and accurately graded my market standards. They make the coin easier to resell...but they certainly do not increase the value of the coin.

 

Call it what ya want.....but I only pay $10 for coins that sticker.
Every coin that I've submitted to CAC and later sold has gotten me my money back plus some.....AFTER Ebay and PayPal fees.

Matter of fact, I'm sending off another batch later this month when they get back from PCGS....best $10 I ever spent. I'll post some pics when I get them back.

 

Ugly is in the eyes of the beholder.

 

Agreed, they do NOT increase the value of the coin.

However, they do increase the amount that folks will pay for it.

 

Some folks...yes, that is certainly true.

 

Hey Paul

Here is a tone SLQ with a great strike

http://www.executivecoin.com/p-2764...arter-ngc-ms65fh-full-head-strong-strike.aspx

 

Ruben, I agree but the 1917 was the best struck date of the entire series. IIRC, it is the only date where FH examples out number Non FH examples. The toning looks kinda similar to the one in the OP, dont cha think.

 

yeah I do think, but it is in a normal pattern so it has a chance of being a better sort of toning. This coin, I'd like to see in the hand.

 

They are $12.50 to my knowledge now. I agree, it is money well spent.

And on the difficulty of grading SL quarters, and some of the points made by the OP, I'm sure there are many that would agree with him, and it looks like the premium for FH for the 1917 issue is not as great as many other issues, validating the points made.

Originally CAC was rebating the cost for non-CACable coins, now they state that the dealer submitter should know by now what coins are worthy of the sticker. So possibly they will let the sticker pass more on some submitters than others--i.e. if a major submitter with high % passes sends in a group, they may be more lenient.

 

You are correct about the $12.50.
If you have been a member you are grandfathered in until 2013 @ $10 per coin.
$12.50 after that....still a bargain if you send in the right coins.

I'm at 67% currently...do good with copper and gold, not as good on silver.
One "gold bean" the rest green on my submissions.

Currently on Ebay and Heritage Long Beach (NGC/PCGS)....3800+ CAC coins...nice coins.

 

Heritage once told me they were running around 15% on their CAC submissions, so they probably consider the extra fee to be worth the bean cost, especially for MS/PR64 and above. Maurice Rosen recently had an issue where he gave stats. on % success rate for PCGS/NGC and up the grade ladder to 68 or so. As the grade rose, CAC success went up quite a bit. And if memory serves, there wasn't much of a disparity between N and P success rate %s.

 

CAC HAS to cause the money value of the coin to increase otherwise there is no business model.

Ruben

 

It does. Because of the CAC sticker. People who get a slabbed coin with the "green bean" on it think it increases their asking price two fold, if not three.

 

Maybe I missed it, sorry if its a stupid question, but what grading standard does CAC say was fairly applied? Do they use PCGS' grading system for PCGS coins, and NGC for NGC coins? Exactly what does the CAC sticker mean in terms of WHAT grading system was fairly applied? Do they have their own?

I seriously doubt the ANA one, but maybe.....

 

When I was up in Boston for the ANA in August of 2010 there was a dealer (from Delaware I think) who had a commemorative (classic) selection that was immense. The coins were beautiful and every one of 'em had a green bean. And every one of them were (in my estimation) overpriced between 20-60 dollars. Couldn't haggle either. The price was set in stone. I enjoyed the view and moved on..........

 

roflmao !!!

 

A Diverse Selection Of GEM SLQ!!

It's taken some time to locate/develop a consolidated Obverse image of personally owned 1917 Type I Gem "Full Head" coins minted in all 3 mints, in 3 different "Mint State" grades, graded by 2 "Top Tier" TPG, with 2 having CAC approval.

I tried to make it easy by contiguously imaging the coins to minimize "scrolling".

Have we more than one GEM SLQ aficionado who may "have experience collecting premium gem slq's"?

Who might venture an opinion on just four coins having 3 cascading consecutive grades, as to which coin may have the highest grade? The lowest? Remember there are 3 just different touching "Mint State" grades.

An easier decision is which coin may have the greatest value, and which coin may have the least. It may be easy for someone to guess the greatest and least purchase priced coins, as their cost varied more than $1100.

Any guesses as to which of the 4 coins might have received the 2 CAC seals of approval?

Someone asked if I might help in an educational process concerning "premium gem slq's". The OP, thread subject, was about CAC value, so I've consolidated. Someone ventured appreciably "off subject", so I'm just trying to possibly redirect the train of thought.

Any thoughts pertaining to the subjects on post?

" roflmao !!!"? Guess I'll need to P.M., SO WE DON'T GET EDITED
:thumb: