Collectors Acceptance Corporation ( CAC ) Question

Yes it is. The green bean is another way to separate a collector/dealer from their money.

I just prefer the opinions of the forum members.

Why pay when we can play here for free!

Thanks family members. Learn something on this site all the time.

Jack I had a dealer in Martinez GA that I really liked and he was an NGC affiliate. I just gave him the coin(s) and $20 back then and it was a painless transaction. When I moved back to Ohio my local dealer here just let me piggyback on his submissions to PCGS. The new owner won't do that for his customers.

The only problem I have with NGC is that I had an opportunity to buy a group of 1886 Morgans from a man who had purchased them....I think on hsn?. Anyway they were all graded the same; MS64. I put all 8 of them side by side from best to worse and there was a HUGE, and instantly observable difference in the spectrum.

I honestly believe that certain large customers submit large numbers of a certain year and tell them they need "x" number of MS64 or whatever it is they are looking for.

In fact I cracked the best and the worst ones out and re-submitted them to NGC. The worse one came back body bagged "cleaned" and the best one came back as an MS65!!

Like everyone if I wanted something for retail/resale it would be in a PCGS holder. For my own private collection where all I need is something to justify my stated value for Insurance purposes NGC or ANACS is just fine.

It's Certified Acceptance Corporation.

I have worked directly with them and I find them courteous, knowledgeable, and professional. As for whether you need their product- well that completely depends on the level of sophistication you require from the hobby.

Yes, I'd like to see them expand to ICG and ANACS- more so ANACS- but it is their call. Mr. Albanese worked for both PCGS and NGC so I think he's in a better position to know their cultures than to vouch for the products of other companies. Also ICG and ANACS have a ways to go to become as market accepted as NGC and PCGS.

I personally got involved in a project to get CAC to review Eisenhower dollars, a series that they did not accept at the time (they do now). In talking directly with John, I immediately recognized that this is someone who not only knew coins- but spoke of them as one speaks very fluently a highly technical foreign language.

The service they provide is highly technical, highly subjective, and hugely important. I will be writing a feature column on just why this is for publication at CoinWeek two weeks from now.

Some of the posters here are not necessarily wrong- from their own point of view- if you are the type of collector that doesn't need to know whether a coin that was graded seven years ago by PCGS is truly the grade it purports on the holder when the spread between that coin's grade and the grade below is several hundreds or thousands of dollars- then you probably don't need CAC's service.

If you are the type of collector who can look at a series and know the coin is PQ- then you probably don't need the service. But if you ever want to buy coins sight-unseen, or heck, sell them to collectors less knowledgeable than you- the green or gold sticker will bring you more money. Isn't that worth $10 a coin?

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