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Replies: 18 / Views: 4,790 |
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Bedrock of the Community
United States
17884 Posts |
Quote: So keep in mind - a CAC sticker does not mean "premium" for the grade. Just that the coin honestly deserves the grade it shows. Unless it has a gold sticker. Those are pieces they that consider good candidates for upgrading. They give out very few gold stickers. (Which is odd considering the number of coins that get resubmitted and upgraded.)
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Valued Member
 United States
262 Posts |
But who is to say that CAC couldn't make the same mistake lets say PCGS could make on a slabbing a coin....I mean, I guess my question is, where does it stop? Should there be a comapny checking CACs work as well?
It just seems like another way for a corp. to make money.
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Moderator
 United States
23522 Posts |
Quote: But who is to say that CAC couldn't make the same mistake lets say PCGS could make on a slabbing a coin They're dealers, among the most prominent in numismatics. They're trying to correct a problem which hits them in the wallet. Their motivation to get it right the first time is as strong as a TPG's motivation to generate more submissions. It's not about making money from the submissions for CAC. They don't have to "assembly line" any facet of their operation, and I bet if you went from the six seconds an average TPG coin gets in the hands of the grader to sixty seconds per coin, the error rate would drop to near zero.
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Pillar of the Community
United States
1590 Posts |
Super Dave; are you saying that the average coin only gets 3 seconds of inspection per side? Wow! No wonder so many coins get body bagged! Imagine you are a grader and you were just told that you have a higher work load today than usual...in the same amount of time! I does not take a rocket scientist to figure out how that would affect human error. Question: does it take agreement from all three graders to body bag a coin?
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Moderator
 United States
23522 Posts |
Quote: Super Dave; are you saying that the average coin only gets 3 seconds of inspection per side? Wow! No wonder so many coins get body bagged! Imagine you are a grader and you were just told that you have a higher work load today than usual...in the same amount of time! I does not take a rocket scientist to figure out how that would affect human error. Question: does it take agreement from all three graders to body bag a coin? I remember that as the number being tossed about, not sure if it's per face or the whole coin. Either way, it's a testimony to the skill of the grader that they get such a large percentage of them right.  If I have it right, everybody involved in the grading process has to agree on a bodybag.
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Bedrock of the Community
United States
10038 Posts |
michaeln1306 said: Quote: But who is to say that CAC couldn't make the same mistake lets say PCGS could make on a slabbing a coin....I mean, I guess my question is, where does it stop? Should there be a comapny checking CACs work as well?
It just seems like another way for a corp. to make money. This is exactly what some of us older collectors predicted would happen when the TPGs started out. The (then) new idea of TPGs were making claims akin to: The OLD way of grading coins is subject to human error. Send in your coins and for a small fee we will slab them, put our seal of approval on them, and there will never again be need to question whether or not the grade of your coin is official.Back then some of us went as far, tongue in cheek, as to predict there would one day be a market, then, for a verification for the TPGs. The claims of the verification systems would be something akin to: The TPG way of grading coins, no matter how much quality control, is still subject to human error. Send in your old slabbed coins and for a small fee we will check them, put our seal of approval on them, and there will never again be need to question whether or not the grade of your coin is official.Look familiar? I also offer a future prediction: Someone (quite possibly the larger TPGs who are tired of someone saying they need their work verified) will finally do the prudent thing and use a commercial scanning machine (such as I used back in the 90's -- with capabilities of finding/scanning/ID'ing tolerances to the thousands of an inch and was more than capable for using for evaluating coins). Once the companies would lock in the algorithm for computing the conditions, the job would be done well and impartially. I can see the ads now... The OLD way of grading coins, no matter how much quality control, is still subject to human error. Send in your old -fashioned slabbed/CAC approved coins and for a small fee we will re-slab them, have our computers certify them, them and there will never again be need to question whether or not the grade of your coin is official.And then our grand kids will see the day when someone wants to re-write the algorithms for more precision on a molecular level (of COURSE you can't see this with the naked eye - but wouldn't there be a certain degree of satisfaction knowing just how perfect your coins REALLY are!). So people will send in their re-re-re-slabbed coins to be re-re-re-re-certified ( for a small fee ).  The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun.
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
United States
14454 Posts |
Quote: Someone (quite possibly the larger TPGs who are tired of someone saying they need their work verified) will finally do the prudent thing and use a commercial scanning machine (such as I used back in the 90's -- with capabilities of finding/scanning/ID'ing tolerances to the thousands of an inch and was more than capable for using for evaluating coins). Once the companies would lock in the algorithm for computing the conditions, the job would be done well and impartially. PCGS has had a machine patented that does this for about 25 years now or longer. I don't think the technology was there to do this quick enough but now with super computers and lasers I am sure it could be done very easily and quickly now
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Pillar of the Community
 United States
4618 Posts |
Would the worlds rarest grade be a SGS MS-70 with a CAC sticker? I don't care what year or denomination. In fact, has anyone ever seen a SGS with a CAC or would that cause a paradox that could end all reality as we know it?
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Moderator
 United States
23522 Posts |
Quote: In fact, has anyone ever seen a SGS with a CAC or would that cause a paradox that could end all reality as we know it?
Talk about cognitive dissonance. That's a 2012 scenario right there.
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Pillar of the Community
 United States
4618 Posts |
Quote: ...cognitive dissonance. Um, yeah, that's it. Excuse me... my tea is steeping and I need to... OH! COGNNITIVE DISSONANCE! Yes, that IS it. Great answer that I didn't have to look up at all! My thoughts exactly! Thanks for backing me up on this one SuperDave! (Writing down new super smart, SuperDave phrase in corner of brain.)
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Pillar of the Community
United States
3540 Posts |
...and to make it something worthwhile, coins that WERE submitted for CAC, and declined, should have a NON CAC sticker on the holder too?
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Bedrock of the Community
United States
17884 Posts |
Quote: In fact, has anyone ever seen a SGS with a CAC No because CAC only accepts coins from certain companies (just like ebay) and SGS is not one of them.
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Pillar of the Community
 United States
4618 Posts |
Quote:No because CAC only accepts coins from certain companies (just like ebay) and SGS is not one of them. I was just joking. I know no one would submit a coin to SGS and expect it to get the CAC sticker. Just as CAC would never accept a SGS graded coin. 
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!! 
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Pillar of the Community
United States
648 Posts |
Quote: (Writing down new super smart, SuperDave phrase in corner of brain.)  i gotto save some space  trying to fit it all in all too funny Quote: So people will send in their re-re-re-slabbed coins to be re-re-re-re-certified (for a small fee ).
  
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Pillar of the Community
United States
1547 Posts |
Quote: I don't understand the purpose of this, they offer a sticker to verify the grade of a coin that has already been graded? A CAC sticker is simply a 4th-party endorsement on a 3rd-party grade.
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Replies: 18 / Views: 4,790 |
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