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 Replies: 36 / Views: 3,815 |
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Pillar of the Community
 United States
3479 Posts |
Ditto here, Everest! Nice find! I really do think someone should call CAC and chew them out for this. It's absolutely disgraceful.
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Bedrock of the Community
United States
94367 Posts |
billjones - Well said as always, could not agree more.
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Pillar of the Community
United States
7621 Posts |
Unfortunately, PCGS and CAC don't care what we the peons think.
As far as they are concerned the coin was graded by old standards at ANACS. With today's new and improved market acceptable grading it now warrants the grade they assigned and stickered it at.
All I can offer to whomever buys it is to keep it in that holder.....at least until grading standards loosen up and change again!
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Pillar of the Community
United States
1191 Posts |
I don't understand how cleaned coins are "market acceptable" and straight grade. That's obviously a cleaned coin that someone is going to waaay overpay for.
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Pillar of the Community
United States
3479 Posts |
Quote:
I don't understand how cleaned coins are "market acceptable" and straight grade. That's obviously a cleaned coin that someone is going to waaay overpay for. Welcome to the frustrating world of the Seated dollar collector. I see crap like this straight-graded every week at auctions. This one was particularly irritating because of the CAC bean. If you want to see how rampant the problem is, look no further than the august ANA show. I've reviewed just about every sld (aside from MS coins)up for auction. And I have yet to find one that hasn't been cleaned. Normally for big shows like this, you can sift through the 30 or so coins and find at least 2 or 3 that have unmolested surfaces. Paltry-yes, but much better than what's being offered in this upcoming auction. Edited by MikeF
07/25/2017 2:03 pm
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Pillar of the Community
United States
1261 Posts |
Can't agree more Mike. Nice, Original SLDs (I made sure autocorrect didn't fix this  ) are hard to come by! |
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Pillar of the Community
United States
3479 Posts |
Oh, that's funny really hilarious! SLD's STD's... I had to double check that! Had that same problem before. Always makes for a good  , Chester... you smart #%#! Edited by MikeF
07/25/2017 2:04 pm
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Pillar of the Community
United States
4469 Posts |
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Unfortunately, PCGS and CAC don't care what we the peons think. I would consider myself a peon member at both PCGS and CAC. I questioned PCGS why I had to pay two return shipping charges for the same submission as the gold coin had to be returned shipped in its own package. PCGS did not care what I had to say about their policy. I would not waste my time calling PCGS to question their grading. On the coins that I have sent to PCGS if there is any hint of improper cleaning the coin gets the details tag. It does make me wonder how other cleaned coins in PCGS holders get straight graded. I have found CAC to be open to questions about their grading. CAC does care about the small time collector. I have talked directly to JA twice about grading issues. If I owned the coin in question, I could call CAC and get an answer why the cleaned coin has a sticker. |
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Pillar of the Community
United States
3479 Posts |
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If I owned the coin in question, I could call CAC and get an answer why the cleaned coin has a sticker.
Thanks Slider for the input. Can you call them and see what the deal is? My curiosity is boiling over. I would love to get an explanation on this one. |
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Pillar of the Community
United States
1499 Posts |
If you owned the coin, you would never question CAC because you would be looking to get the CAC premium on it. Go over to the PCGS site and read some of the posts. These people are throughly convinced that you need to have a CAC sticker on a PCGS holder in order for a coin to be included in their collections. Any coin that doesn't have the sticker is "unworthy." A few of them tried to start the rumor that EVERY COIN in the Heritage auctions had been reviewed by CAC. All of the coins that didn't have the stiker were "rejects." That was totally untrue.
In way I could wish for that. If all the coin without stickers sold for less money, I'd be able to buy more lots for lower bids.
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Pillar of the Community
United States
3479 Posts |
Quote:
If you owned the coin, you would never question CAC because you would be looking to get the CAC premium on it. Go over to the PCGS site and read some of the posts. These people are throughly convinced that you need to have a CAC sticker on a PCGS holder in order for a coin to be included in their collections. Any coin that doesn't have the sticker is "unworthy." A few of them tried to start the rumor that EVERY COIN in the Heritage Auctions had been reviewed by CAC. All of the coins that didn't have the stiker were "rejects." That was totally untrue.
Bill I agree. I noticed the same thing on the dying Seated coins forum. More interesting is the HA debate as to whether or not they send every coin to CAC. There was a period of time when I suspected this. But my suspicions were put to rest after doing more homework. |
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Pillar of the Community
United States
1963 Posts |
You all do realize that CAC will buy any coins they endorse for wholesale bid? I found that it is true.
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
1499 Posts |
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You all do realize that CAC will buy any coins they endorse for wholesale bid? I found that it is true. The key question is how much is he willing pay? Usually it's going to be a lot less than the prices realized in auctions like Heritage. You also need to realize that some coins are rejected for CAC stickers because CAC needs to control the supply of their product that is on the market. CAC also does not want to commit to supporting a larger market than their network of dealers can support financially. That's why a large number of the Pogue Auction coins didn't get CAC stickers. The grading was conservative from what I saw, but the CAC financial commitment would have large if they had approved of most of those coins. |
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Pillar of the Community
United States
3479 Posts |
Edited by MikeF
07/27/2017 3:33 pm
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Replies: 36 / Views: 3,815 |
First Page
Posted 07/24/2017 9:43 pm
