CAC Sticker Comments

An important aspect of our collecting hobby is learning how to grade and then learning how to spot the better coin (one that would get a green bean). A collector that doesn't learn to grade and only relies on someone else may not last long in the hobby but just be one trying to make some quick money with slabs. It's like owning a nice car but never learning how to drive or how it feels to control it. TPG's are like having a chauffeur for your trip.

@baseball

I know from past threads I value your input on many ideas. I am being sincere when I say I would like to know what I have posted is in error. I did not rely only upon my own experiences, but did a lot of footwork and asked to be educated from former graders and respected, high volume dealers I trust for their experiences/opinions.

If you look at my tag line - you will find I clearly state I care more about facts than my personal opinion. If facts show me otherwise about a subject, I will definitely re-evaluate/integrate/change my opinion if facts so dictate.

I would appreciate knowing where the points above fall short of fact.



I do not like what the current TPGs have done to the hobby -true - as far as the shift of focus. Many old timers from pre-slab days will tell you this.

The worst part of the issue to me though is the way these companies have conducted their business.

A lack of accountability should raise flags with anyone about anything.

If I could crack a coin out of a MS70 slab, it can "lose" perceived value it may never again have even if resubmitted.

If the same coin could be resubmitted any number of times loses and always be MS70, (with explanation - easy for a computer to print out) every time, then I would definitely change my mind about TPG and slab validity.

I would even allow the plus or minus a stated point for a human grading eye appeal in that system.

When/if you can, please do show me my errors.

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

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.




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.

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?

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.

with KenKat

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.