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 Replies: 49 / Views: 10,503 |
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Valued Member
United States
384 Posts |
When I started, I wasn't sure about slabbing. But now, I rarely buy coins (especially high cost ones) without being in a slab. I still haven't gotten any CAC coins
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Bedrock of the Community
13014 Posts |
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CAC will sticker anything for a fee. You have just invalidated anything you have to say with this absurd comment. Edited by basebal21
05/20/2017 10:40 am
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Bedrock of the Community
13014 Posts |
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I would appreciate knowing where the points above fall short of fact. I'll reply in a broad sense for a few things that stuck out. The first was the you can resubmit until you get the grade you want. That simply is not true especially where big value jumps are concerned. I know a lot of people on the internet try and act like the upgrade and crackout game is automatic, but if anyone believes that they are free to try and will be sadly disappointment. The second was the grade time thing. It's an average that people estimate. That means some can take 5 seconds others can take a minute. The whole estimate thing seems to often be used to degrade the graders though. I will use this example as you were a teacher, were there not questions you could answer immediately while others may have taken some thought? Does that mean you only spent 20 seconds on every response? Slabs aren't a scam, most "dealers" that talk them down is because slabs inhibit their ability to overgrade. Far more raw coin snake oil salesmen out there at this point in time. Its been three decades of slabs they are not going away. You put to much faith into internet grading threads, even if they were all right (which is far from the truth) that's .001 percent of what PCGS or NGC grades in a year and maybe even a month. I could go on and on and feel free to PM me if you'd like a more specific discussion, but a lot of the internet rumors that you had posted experiences with them will quickly show is just simply not true. Quote:
If I could crack a coin out of a MS70 slab, it can "lose" perceived value it may never again have even if resubmitted. As an example here, why does it always have to be a 70 just because it was cracked out and resubmitted? Something could happen in the crack out, shipping ect. Edited by basebal21
05/20/2017 10:43 am
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Bedrock of the Community
United States
10038 Posts |
@ baseball - thank you for these ideas. Yes, slabs are here to stay. They have built up their businesses to the point some people see them as being essential. Quote:
You put to much faith into internet grading threads, even if they were all right (which is far from the truth) that's .001 percent of what PCGS or NGC grades in a year and maybe even a month. I could go on and on and feel free to PM me if you'd like a more specific discussion, but a lot of the internet rumors that you had posted experiences with them will quickly show is just simply not true.
I see what you mean about the threads being about a small amount of what is handled by the TPGs. Admittedly, I cited internet threads, but only as partial data. In fact it was the internet threads which got me searching outside and asking dealers, and looking for people who graded for the TPGS at some time. When I got back into the hobby around 5 years ago (from a long hiatus), I needed to become educated on contemporary trends and see if these systems were more than what I thought from my personal experience when they began. The very idea that CAC can exist just seemed to fit all the data/ideas - considering we even "predicted" it as a joke back when the TPGs started out. Graders being graded?! Really?! And the grader graders make a profitable business out of it yet?! And people still trust the original graders?! My head still cannot understand how in the world this can be logical unless there is much misplaced faith. Quote:
Far more raw coin snake oil salesmen out there at this point in time. With all the Chinese fakes, this is no doubt likely as the inexperienced person with enough know how to get good fakes are taking advantage of this. Its sort of like petty theives instead of having an organized system. I will pm as I am interested in finding out what I have possibly missed about all of this. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Bedrock of the Community
13014 Posts |
Quote:
Graders being graded?! Really?! And the grader graders make a profitable business out of it yet?! And people still trust the original graders?!
Counter point if they are stickering things they want to sell sight unseen as high end, why is a low end not the right grade? |
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Bedrock of the Community
13014 Posts |
Ps please do Earl always enjoyed our emails in the past
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Valued Member
United States
215 Posts |
Im surprized that NGC and PCGS havent offered a sticker service yet. I thought this would be a great idea. Where they grade coins graded by other companies and place a bar coded sticker on the slab with their grade. So when the owner sells he has two grade points and could take the median to determine value.
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Pillar of the Community
United States
4085 Posts |
I always think of a "green bean" as meaning "nice for the grade", more specifically, nice eye appeal for the grade. That may not be CAC's intent, but that's how I think it turns out. This is to me because technical grade and eye appeal are two different things and the grading services like PCGS and NGC tend to focus more on technical grade while CAC then can say yes, technically it is a 64 but it's a really nice looking coin.
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Pillar of the Community
United States
1055 Posts |
with KenKat  |
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Valued Member
United States
166 Posts |
Well, this is where I am confused with CAC. I consider the coin below to have poor eye appeal. I assume it makes the technical grade, as it is stickered by CAC. Does CAC consider eye appeal? Perhaps there are some that consider this toning attractive, I don't know..I get very confused with CAC when I see a coin like this.  |
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Pillar of the Community
United States
4469 Posts |
CAC does consider eye appeal, but as noted above CAC stickers coins that are high end of the grade. CAC is in the coin buying business and JA stickers coins that he would be willing to buy. CAC sells the coins they buy to a network or dealers.
I find the coin posted to have nice eye appeal. There was a time that I looked for all white Morgans and did not like toned coins. My taste changed and now I prefer coins with toning. With the toning and sticker the Morgan posted will sell for a premium.
Edited by Slider23
06/07/2017 11:17 am
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Valued Member
United States
166 Posts |
I guess it really is a matter of personal taste. And as you say, taste can change over time. I am just trying to get a handle on what characteristics CAC finds favor with, or disfavor with for that matter. I too don't care for blast white coins, but many do.
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Pillar of the Community
United States
4469 Posts |
CAC likes original coins with eye appeal that are high end of the grade that have market appeal. CAC does not sticker a lot of blast white MS Morgan's(maybe because of the being dipped), but if the coin is really nice for the grade they will sticker. Below are two examples that I submitted to CAC a blast white and a rainbow that received a sticker.   |
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Pillar of the Community
United States
1261 Posts |
I appreciate a good ol' CAC sticker. Most of my coin purchases are done over the Internet as my LCS' closed up long ago. As many know, the images on coins have a lot to be desired in many instances. Having a coin slabbed and, especially with, a CAC sticker on them helps confirm that the coin I'm purchasing will be a decent one. I've been doing this long enough that I don't need a coin graded for me or someone to say a particular coin is especially nice for the grade so the TPG and sticker isn't always necessary but it does help with electronic commerce. The internet changed things for the better and worse in this hobby. More coins are accessible but the trusted mom and pop shops don't seem as relevant anymore. That's for another thread though...not this one. |
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Bedrock of the Community
United States
12057 Posts |
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Posted 05/20/2017 09:43 am
