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 Replies: 21 / Views: 4,409 |
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Valued Member
United States
183 Posts |
You know, I just came across this post. I have seen the "CAC" sticker thing around, and wondered just what the heck it was all about... ...and I come to find out we have FOURTH PARTY GRADING. Great. There is so much debate out there as to just what type of cachet (sp?) a TPG slab really conveys. You have a nice coin, it comes back a 65. You have a not-so-nice coin come back a 65... so what does it mean? It means crap. It means I payed a prefessional 30 USD to grade it, and encapsulate it. So I got a pro to grade it, better than I could have done, and a nice permanent home for my coin. You're supposed to buy the coin and not the holder, but the mere existence of a sight-unseen market tells you a different story. The whole coins-as-commodities boom and bust we saw in the 80's tells you the rest. So the next time you want to buy a slabbed coin, think of all this and ignore the CAC sticker. That goes for the coins I sell too. I have one coin that I look at every day, and I really am not happy with it and it came back a 63, probably due to the nice strike and lack of markings. But I see a dull example if I look at it from a collectors standpoint. Now, I could find someone to give me what I want for it, but if I price it differently, I can get it sold more quickly. Eye appeal, or shall I say the viewer's *subjective* impression, matters the most at all times. You can put all the stickers you want on it, it still looks like crap  Bruce |
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Valued Member
Canada
166 Posts |
Are the Chinese making CAC stickers yet? It looks like a real opportunity.
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Valued Member
United States
436 Posts |
Soon TGP is going to stand for 27th party grading!  Really. other than the top 4, how many companies have to look at my coins before I am "allowed" to feel safe about them?  |
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Moderator
 United States
16679 Posts |
I wonder how much money CAC has made off of this little sticker?
swcoin.ecrater.com
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Valued Member
United States
436 Posts |
I just went to CAC's website, and they list all their prices as TBD? How are we supposed to know if it's worth it to get a graded coin verified (OK, it's not worth it, but come on...)? |
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New Member
United States
26 Posts |
Can't believe we have so many people running around believing that this sticker means anything.
Buy the coin, not the slab or the sticker. If you can't grade a coin yourself, don't buy it. Period.
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Moderator
United States
23522 Posts |
Quote:
If you can't grade a coin yourself, don't buy it. Period. Unfortunately, there are a whole lot of coin collectors out there who lack your vast expertise, because they haven't learned yet. How would you propose that they learn to grade without owning coins? |
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Bedrock of the Community
United States
17884 Posts |
Quote:I would really only consider having it sticker if the slab came from a second or third rate TPG's. CAC will not sticker coins from second or third rate TPG's. Quote:
Why do I need a sticker or better yet, someone else telling me that it's "choice for the grade". Why do I need someone else to tell me what the grade of my coin is? And then pay to have someone else agree with what the first person said? You're out $60 to $70 just to have someone tell you something you should be able to determine yourself by looking at the coin. (Yes I know just buy the coin already stickered, but someone had to pay that money and they are going to be getting back somehow in higher prices for the coin. If that wasn't true then a raw coin a slabbed coin, and a stickered coin of a given grade would all sell for the same price. |
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New Member
United States
26 Posts |
Quote:
Unfortunately, there are a whole lot of coin collectors out there who lack your vast expertise, because they haven't learned yet. How would you propose that they learn to grade without owning coins? Superdave, Live and learn. Trial and error. Pay attention. And my favorite. Buy books and do some research prior to buying any coin. But that's me. |
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Bedrock of the Community
United States
17884 Posts |
I agree, start slow with low value coins. Study, practice, make small inexpensive purchases. Get feedback on your opinions from more experienced collectors. As you gain experience and expertise you can start buying more expensive material and higher grades. Keep getting feedback and continue until you a confident in your skills. It's like anything else that you enter into with no experience start slow and learn. Slab can be a safety net but safety nets are no substitute for experience. (Safety nets CAN fail.) They've put a lot of safety engineering into Indy/Grand Prix cars but I wouldn't put a sixteen year old into one to learn how to drive.
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New Member
United States
26 Posts |
Here is why you need to live and learn and do research. You have to buy the coin, not the slab. Here are two links to two coins I asked people to grade. See their responses and then what PCGS graded each coin. https://goccf.com/t/57313https://goccf.com/t/57311If PCGS had misgraded the 1912 S, the value difference would be around $400 - $500 but because the 1896 was misgraded the value difference is about $15 Now I am certain that some people will say that this is exactly why we have CAC around. To properly grade the graded coin. When does this stop? Maybe we need to add one more net to catch all the misgraded coins, and then another net. I say, you better know how to grade the coin yourself before you become a victim. Again, the 1912 s is going to be a very costly mistake for those who can not grade a coin for themselves. Edited by arktekt3j
12/26/2009 07:59 am
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Valued Member
Australia
60 Posts |
CAC is definitely beneficial for some coins. The US market has tons of coins that are high or low for the grade assigned, add also that a lot are toned and can hide problems even from experienced eyes, and it makes sense for very expensive coins. Those with an Iphone can learn to grade US coins by getting the PCGS IPhone app. It has images of each coin grade. |
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Valued Member
Australia
60 Posts |
As for a census.. all I can say from those stories I have heard is, that the % of coins that pass is relatively low. So my advice, if you care, is if you collect classic US coinage, buy CAC coins and/or get yours submitted |
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Bedrock of the Community
United States
14454 Posts |
Quote:Those with an Iphone can learn to grade US coins by getting the PCGS IPhone app. It has images of each coin grade. thanks I didn't even know that existed, it takes awhile to actually download (may have been allot of others downloading it at the same time I was) it on there but pretty cool |
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Valued Member
Australia
60 Posts |
Its PCGS Photograde at I think pcgs.com/photograde
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Posted 08/08/2009 8:29 pm
