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CAC Grading Service Considerations

 
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Author Previous TopicReplies: 5 / Views: 278Next Topic  
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 Posted 10/23/2020  3:47 pm Show Profile   Bookmark this topic Add jimbucks to your friends list Get a Link to this Message
When CAC evaluates a coin do they consider or disregard whether it is NGC or PCGS? I presume they disregard, but if true why do they not evaluate anacs or PCI graded coins?
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 Posted 10/23/2020  3:49 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
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 Posted 10/23/2020  3:58 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Long story short CAC doesn't consider them worthy enough grading services. They believe that those services are often so inaccurate that it would be a waste of effort to even accept them. PCI that's pretty true, ANACS it depends. With higher end mint state coins I agree 100%, anacs is very unreliable and I'll stand by that. Circulated coins they tend to be much more accurate on but drop the ball much more than PCGS or NGC
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 10/23/2020  4:54 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'd agree 100%.
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 Posted 10/23/2020  4:56 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
What grape said. However I do find it odd that they don't take ANACS coins, I mean say hypothetically 1 in 15 PCGS graded coins sticker, and 1 in 25 NGC graded coins sticker, then why should it matter if only 1 in 100 ANACS coins sticker? They're a highly recognized TPG and are used often enough that I think they should be considered.
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 Posted 10/23/2020  5:08 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
What grape said. However I do find it odd that they don't take ANACS coins, I mean say hypothetically 1 in 15 PCGS graded coins sticker, and 1 in 25 NGC graded coins sticker, then why should it matter if only 1 in 100 ANACS coins sticker? They're a highly recognized TPG and are used often enough that I think they should be considered.


Here's my opinion.

I work at a coin shop in MD, we currently have 6,235 ANACS slabs. That's quite a few. We have 3,797 PCGS slabs, and 1,398 slabs. The figures don't include the stuff we have sitting around to be listed. Given that we easily have over 10000 slabs I can give an opinion as I've seen most of these coins in hand.

ANACS comprises a majority of our coins due to the low cost of encapsulation, this comes with the obvious benefit of saving money but with a bevy of problems.

Out of the big 3 I easily find the most inaccurate grades with ANACS, this is different from a coin being stickered. A coin can be MS-65 and not receive a cac sticker as it isn't on the high end for the grade. The problem is with ANACS I'll often find MS-63 coins in 65 holders, or MS64 coins in MS67 holders.

It basically comes down to the fact that NGC and PCGS are typically much more accurate, the latter more so than the former, compared to ANACS. As such CAC doesn't want to waste their time with MS63 coins in ANACS 65 holders. That and CAC is partially a marketing and value thing. ANACS holders don't trade at a premium like PCGS and NGC holders do, they actually often trade at a deficit.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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