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What is CAC Actually Saying with the Award of a Bean?
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<p>[QUOTE="John Burgess, post: 4770921, member: 105098"]Accurately or overgraded just doesn't get a sticker on it. it's more like "grade quality assurance" for the green bean and the gold bean means they believe if resubmitted it was under graded and should grade up, in essence, too good for the grade level compared to the rejected for beans they've seen, and the green beans. a coin graded MS62 that is a low end MS62, or a mis-graded AU, would get you a rejection letter. </p><p><br /></p><p>The CAC stickers are supposed to be quality assurance for the grade on the slab from the TPG.</p><p><br /></p><p>it's a marketing gimmick to get $14.50 per coin out of your pocket, They say "<i>The green CAC are bringing 5 to 15 percent more on average, and coins with gold stickers are selling for roughly 80% to 90% percent as much as those already certified in the next higher grade."</i> Who knows, probably worth it if the 10-20% is more than the $14.50 cost. LOL Maybe I would get my 2019S ERP silver eagle graded and if PR70 send it to CAC and see if they give me a green or gold bean! maybe worth the extra $100-300 sale price.... yeah.. gimmick </p><p><br /></p><p>I think they figured out a way to check out your coins early and then mark the ones they'd like to buy if they ever come up on the market, and got people to pay them to do it to boot. Smart![/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 4770921, member: 105098"]Accurately or overgraded just doesn't get a sticker on it. it's more like "grade quality assurance" for the green bean and the gold bean means they believe if resubmitted it was under graded and should grade up, in essence, too good for the grade level compared to the rejected for beans they've seen, and the green beans. a coin graded MS62 that is a low end MS62, or a mis-graded AU, would get you a rejection letter. The CAC stickers are supposed to be quality assurance for the grade on the slab from the TPG. it's a marketing gimmick to get $14.50 per coin out of your pocket, They say "[I]The green CAC are bringing 5 to 15 percent more on average, and coins with gold stickers are selling for roughly 80% to 90% percent as much as those already certified in the next higher grade."[/I] Who knows, probably worth it if the 10-20% is more than the $14.50 cost. LOL Maybe I would get my 2019S ERP silver eagle graded and if PR70 send it to CAC and see if they give me a green or gold bean! maybe worth the extra $100-300 sale price.... yeah.. gimmick I think they figured out a way to check out your coins early and then mark the ones they'd like to buy if they ever come up on the market, and got people to pay them to do it to boot. Smart![/QUOTE]
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