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 Replies: 37 / Views: 5,129 |
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Bedrock of the Community
United States
10982 Posts |
CACG has been grading bulk moderns for some time now.
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Pillar of the Community
 United States
4587 Posts |
I just have this image of an entire monster box broken out and laid out on a folding table on top of a dark cloth with some overhead lights.
And some poor intern wandering around pointing ... YOU get a 69 and YOU get a 69 and YOU get a 69.
And some other poor intern has to grab the "chosen" coins...
-----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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Pillar of the Community
Taiwan
606 Posts |
numismatic student: You are absolutely correct that Certified Acceptance Corporation (CAC) will issue a Details designation thru their grading and encapsulation service (CACG) I certainly muddied the waters in a poor attempt to point out the difference between CAC stickering service and CACG the grading and encapsulation service. My apologies.
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Forum Dad
 United States
24147 Posts |
Quote:
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. They don't appear so different though..... Show me on the slab where it says CACG? |
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Pillar of the Community
United States
4587 Posts |
They don't have an officially different name - they talk about "New Jersey" and "Virginia Beach".
Everybody else calls them CACG - CAC Grading.
-----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 |
So if CACG grades a submission in a CAC holder (just says CAC, not CAGC) without a bean, that implies it is not worthy of a bean, is that correct? But they will add the bean to that same holder if deserved with no extra fee, is that also right?
Both siincere questions! Frog
Edited by Coinfrog
02/04/2024 5:47 pm
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Pillar of the Community
Taiwan
606 Posts |
They don't appear so different though..... Show me on the slab where it says CACG?
I am unable help If you cannot distinguish the difference between CAC's stickering service and their grading service.. Why CAC uses their logo on their CAC slabs rather than CACG is a question you will have to ask CAC.
Edited by Everest
02/04/2024 6:08 pm
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Bedrock of the Community
United States
94367 Posts |
I repeat my questions to other forum members.  |
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Bedrock of the Community
United States
10982 Posts |
I'm no huge CACG fan and will say their marketing has been lacking. I understood the CAC Green sticker concept and was on board as far as that goes. At this point with CACG? Not so much. The reverse of every CACG slab label:  |
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Bedrock of the Community
 United States
11880 Posts |
The green oval in the slab is identical to the green sticker. What does it mean? Is it a green bean denoting a premium coin or is it just a "corporate logo?" Regardless of the answer 2 things appear clear: 1. It muddies and cheapens the meaning of the green bean, and 2. is likely done on purpose to dupe the unsuspecting into thinking that regardless of whether a coin is details, + or regular, it is still premium. They lucked into something valuable with the green bean premium designation and now they seem to be doing everything possible to destroy that premium. At the very least, they should communicate their changes clearly and loudly to the public instead of rolling it out in a way that resembles a whack to the back of the head.  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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Bedrock of the Community
United States
94367 Posts |
Wait, wait - so you're saying the bean on this holder is part of the insert, and not affixed in a way to suggest what a green bean normally does?
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Forum Dad
United States
24147 Posts |
Quote:
I am unable help If you cannot distinguish the difference between CAC's stickering service and their grading service. I can, but you said they are two distinct services. If that's true they should brand them as such, Not CAC on everything. The logo on the sticker should be CAC, the logo on the slab should be CACG. Sure would be easier to understand. Quote:
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. |
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Pillar of the Community
Taiwan
606 Posts |
Regardless of the answer 2 things appear clear:
1. It muddies and cheapens the meaning of the green bean, and
2. is likely done on purpose to dupe the unsuspecting into thinking that regardless of whether a coin is details, + or regular, it is still premium.
It does not cheapen the brand at all. It is not done on purpose to dupe individuals. The coin is clearly marked AU details cleaned. The CAC logo appears on the insert of CACG coins. The Green Bean sticker is only affixed to PCGS/NGC coins. Once again straight graded coins from CACG are comparable to CAC stickered coins.
You are correct Coinfrog the CAC logo is part of the insert on CACG coins
" I can, but you said they are two distinct services. If that's true they should brand them as such, Not CAC on everything. The logo on the sticker should be CAC, the logo on the slab should be CACG. Sure would be easier to understand."
I do not understand what you mean by " The logo on the sticker should be CAC " . CACG is only an acronym for CAC's grading service. It is only appropriate that they use their companies logo on the INSERT of their own distinct slab.
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Pillar of the Community
United States
4587 Posts |
You mistakenly believe they really care about the stickering anymore.
Originally when they started discussing the grading service, they were going to shutdown stickering quickly. Eventually based on customer demand they agreed to continue it - but how long is up for grabs. Reportedly JA has signed a 10-year contract, but that doesn't guarantee the service continues for that long, it just permits it.
-----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
10982 Posts |
Quote:
Wait, wait - so you're saying the bean on this holder is part of the insert, and not affixed in a way to suggest what a green bean normally does? Yes, the green bean on CACG holders is printed on the label insert. Green stickers are only applied to problem-free PCGS & NGC holders and have "passed CAC". I don't feel the green oval printed on the label and then printing "DETAILS" is designed to dupe anyone. CACG was established to make money though, just like every for-profit business. My concern is the 150 investor partners, many of whom are collectors and/or dealers, who ponied up a minimum of $100k to get in on the ground floor on the "new" company. There are conflicts of interest everywhere and adding more to coin grading is not beneficial. |
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Replies: 37 / Views: 5,129 |
First Page
Posted 02/04/2024 09:10 am
