Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What is a “green bean “ CAC certification worth ?
>
Reply to Thread
Message:
<p>[QUOTE="Deplorabledan, post: 24900465, member: 88896"]By that logic, why do we need slabs? Why do we need grading? Why do we ask an auction house rep to pull a lot for review?</p><p><br /></p><p>Answer- Because the vast majority of collectors dont have top notch grading abilities, and to simply use their own judgement is probably not a good idea. Opinions are opinions, but some opinions mean more than others and CAC's opinion means a whole lot to alot of people. I fully support buying the coin and not the holder, but to dismiss every CAC example, without even looking at them, simply because of the "premium" is a very myopic viewpoint in my opinion.</p><p><br /></p><p>How do you know your "saving money" buying non-cac? What if the coin you bought for $1000 hammers for $700 when you send it to auction, when the $1150 CAC example you passed would have made you whole. Your "savings" are merely psychological, and many times the "premium" is because its just a flat out nicer coin to begin with. If we're talking about Morgan dollars, thats one thing, but old gold and seated material is whole different ball game and CAC can be very helpful. Not all of my coins are stickered, but I pay up when I know I need to. "The bitterness of poor quality remains long after the sweetness of low price is forgotten"[/QUOTE]</p><p><br /></p>
[QUOTE="Deplorabledan, post: 24900465, member: 88896"]By that logic, why do we need slabs? Why do we need grading? Why do we ask an auction house rep to pull a lot for review? Answer- Because the vast majority of collectors dont have top notch grading abilities, and to simply use their own judgement is probably not a good idea. Opinions are opinions, but some opinions mean more than others and CAC's opinion means a whole lot to alot of people. I fully support buying the coin and not the holder, but to dismiss every CAC example, without even looking at them, simply because of the "premium" is a very myopic viewpoint in my opinion. How do you know your "saving money" buying non-cac? What if the coin you bought for $1000 hammers for $700 when you send it to auction, when the $1150 CAC example you passed would have made you whole. Your "savings" are merely psychological, and many times the "premium" is because its just a flat out nicer coin to begin with. If we're talking about Morgan dollars, thats one thing, but old gold and seated material is whole different ball game and CAC can be very helpful. Not all of my coins are stickered, but I pay up when I know I need to. "The bitterness of poor quality remains long after the sweetness of low price is forgotten"[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
What is a “green bean “ CAC certification worth ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...