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 Replies: 37 / Views: 5,143 |
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Bedrock of the Community
United States
11880 Posts |
I ran into this coin. For some reason, CAC stickering a details coin seems wrong. The 1850-O dollar is the scarcest of the 4 NOLA Seated dollar dates and I wonder if this is only for better date, valuable coins. Still, if CAC denotes the better coins within a grade, I can't get my head around to a details impaired coin qualifying. Maybe it's just me. https://www.ebay.com/itm/126303374749?LH_Auction=1  According to CAC policies, 22 different details designations can receive the CAC bean. And there are 22 details designations that are ineligible to receive the CAC bean.  https://help.cacgrading.com/support...de-breakdownAm I getting old that I can't accept certain types of changes. CAC details? Not for me bruh....  *** Moved by Staff to a more appropriate forum. ***IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
Taiwan
606 Posts |
You are confusing CAC with CACG. This coin was submitted to CACG to be graded not to CAC to be stickered. When submitting your coins to CACG you can submit your coins "raw" or submit your coins for a "crossover" This is for coins currently in a PCGS or NGC holder. One of the questions on the submission form is. "Holder with Details" Only select yes if you are okay with your coins receiving a details grade. If you select no, the coins that do not receive a numeric grade will come back in a plastic flip.
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Valued Member
United States
202 Posts |
Interesting that they will details grade a "burnished" or "brushed" coin but not one that is "polished" or "whizzed".
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Bedrock of the Community
United States
94367 Posts |
Makes no sense to me either. And a cheesy-looking holder to boot, looks like something from thirty years ago.
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Pillar of the Community
United States
4468 Posts |
The straight graded coins from CACG are comparable to the CAC stickered coins. On what detail coins will be put into a CACG holders is the personal opinion of JA at CAC. At some point CAC has announced that they will discontinue the CAC stickering service and only provide the CACG service as a TPG. |
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Bedrock of the Community
United States
10982 Posts |
There are no CAC stickers on details coins. This coin was graded by CACG as a problem coin that has been cleaned.
The slab label does have their corporate logo printed on it. There is no sticker on it.
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Bedrock of the Community
 United States
11880 Posts |
So the green bean on the label is a "corporate logo" and not a green bean denoting a premium coin worthy of encapsulation by the service. Doesn't seem convincing. Quote:CAC Grading: In 2022, John Albanese felt the need to leverage the CAC brand even further, assembling over one hundred and fifty leading members of the numismatic community to reclaim accuracy and consistency in grading. After all, why merely sticker a previously certified coin when the same stringent standards can be applied within the context of a grading service? Thus, CAC Grading was born! https://help.cacgrading.com/support...-cac-grading It seems like CAC has come up with the CAC details designation. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
Taiwan
606 Posts |
" So the green bean on the label is a "corporate logo" and not a green bean denoting a premium coin worthy of encapsulation by the service. Doesn't seem convincing"
As Slider23 stated above : The straight graded coins from CACG are comparable to CAC stickered coins.
If a CACG graded coin is considered premium for the grade a + will be added.
"It seems like CAC has come up with the CAC details designation."
Incorrect, CAC does not have a details designation. CACG does have a details designation as does PCGS and NGC. CAC is a stickering service, CACG is a grading service.
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Bedrock of the Community
United States
11880 Posts |
Everest: "CAC does not have a details designation. CACG does have a details designation as does PCGS and NGC. CAC is a stickering service, CACG is a grading service." Incorrect. CAC is a company that has multiple services including: 1. CAC stickering and 2. CAC grading Therefore CACG having a details designation means CAC the company has a details designation. CAC states: "why merely sticker a previously certified coin when the same stringent standards can be applied within the context of a grading service?" The two services apply the same stringent standards according to CAC. That is not just a statement from Slider23. That is a statement by CAC. Everest: "If a CACG graded coin is considered premium for the grade a + will be added." The green bean is what denotes that it is a premium coin. It has always been that way. So now there is CAC+ and CAC without the + in the grading service. Another ridiculous development. If CACS and CACG use the same standards, how to you distinquish CAC green bean and CAC green bean + in the stickering service going forward? Also, what is the point of the green bean if it does not denote a premium coin for the grade? IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/03/2024 11:07 am
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Pillar of the Community
United States
4233 Posts |
I'm confused. It's not a "green bean" in the usual sense and CAC didn't "sticker" it - it's just their label logo. All they did was grade a details coin and put it in their slab. We can't start saying that CAC gave a coin the green bean or that they "stickered" it when it's just a coin that CACG graded and slabbed. In the older scenario, a coin graded by another TPG got their seal of approval. In the new scenario, they're applying their supposedly stricter standards when grading a coin themselves. They're two separate things. |
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Bedrock of the Community
United States
11880 Posts |
However if they apply the same stringent standards, the result should be the same. Are you suggesting that a CACG holdered coin is inferior to a CAC stickered coin? Is a CAC+ coin = to a CAC stickered coin? Why is any of this unclear? It's a clown show. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
Taiwan
606 Posts |
Certified Acceptance Corporation has two distinct operations. One is their stickering service where they will apply a Green Bean ( CAC ) sticker to a previously graded PCGS/NGC coin to denote a premium coin for the grade. The other unit is CACG which is their grading and encapsulation service. Straight graded CACG coins are comparable to CAC stickered coins.
Obviously I am not doing a very good job of explaining this. I would suggest that if you visit the CAC website at cacgrading.com your questions will be answered there.
Edited by Everest
02/03/2024 5:41 pm
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Pillar of the Community
 United States
4587 Posts |
CAC - the stickering service - New Jersey. They review coins graded by NGC and PCGS and if - in their opinion - the coin is "solid for the grade" they award a green sticker. If the coin is solid for the next grade up, they award a gold sticker.
Solid? Well, if you divide coins of a grade into A - better side of the grade, B, and C - worse side of the grade, Solid = A or B.
CAC does not grade coins.
In March 2023 they opened a grading service in Virginia Beach. CACG.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
94367 Posts |
Einstein once said, "If you can't explain something simply, then you don't understand it well enough." In this case, though, it is difficult to explain simply because CAC has made a silly mess of the rollout by failing to make clear distinctions between their two businesses, if that is even possible (I doubt it). CAC in both headings, beans or maybe no beans, their holder or someone else's holder, who's on first? The whole idea of finding a bean on a details holder of any kind of slab completely undercuts the easily-understood concept of CAC itself. They had a niche market and now need to abandon it if they want to challenge PCGS and NGC head-on. Give up something that works well for a chance to jump off a cliff. Madness.
Edited by Coinfrog
02/03/2024 6:53 pm
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Pillar of the Community
United States
4233 Posts |
My confusion revolves around you saying CAC is "stickering a details coin" and that "details designations can receive the CAC bean." I guess I was confused by your confusion. I'm not aware that CAC has ever given a sticker to a "details" coin in the slab of another TPG. They've merely decided to start slabbing details coins, and the green bean is the logo on their label. Sure, it muddies the waters, but fundamentally I think they're claiming to be a better (stricter?) grading service. So maybe a C-level AU Details coin at another TPG is just in a CACG XF Details slab instead. Who knows. |
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Bedrock of the Community
United States
11880 Posts |
What appears to have happened is that Albanese and CAC figured out late that they can't get by as a grading business just grading premium coins. Because that's a small portion of all coins out there so they had to expand their remit. So the geniuses there decided, that to make the business profitable, they have to expand their remit to include details coins and "+" coins and everything they can get their hands on. Pretty soon they'll be grading bulk moderns so they can keep the lights on.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Replies: 37 / Views: 5,143 |
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Posted 02/02/2024 08:36 am
