| Author |
 Replies: 16 / Views: 2,446 |
|
Pillar of the Community
United States
1302 Posts |
|
|
|
|
Valued Member
United States
419 Posts |
I agree 100%!! Thanks for trying to make a difference!!! Alex  |
|
Bedrock of the Community
13014 Posts |
I do agree they should start expanding what they will look at. As I understand it theyre pretty small though and some of it may be a desire to keep volume down. I dont think they need to fully include all moderns as obviously theres no need to sticker 70s or really even modern 69s, but think a reasonable compromise could be that they do anything more than 30 years old. At the very least start doing some business strikes 30+ years old and work their way up to being more current for what the accept. At some point they will start to run out of coins that people think have a shot, or will just be getting the same coins over and over again and will be forced to expand what they accept, but I dont have the slightest clue when that day will come.
|
|
Pillar of the Community
United States
1812 Posts |
I would like to see CAC grade the coin and not the grader of the top two firms only, and with that said, It would be great if CAC accepted and sticker other 3rd party certified coin, not just PCGS & NGC...
I mention this as there are nice coins in other holders, and I had crossed over a MS65 coin originally in a NGC holder tp PCI (signature series) holder... CAC would view the NGC holder, but never the PCI holder, even though it's the same coin...
|
|
Pillar of the Community
 United States
1302 Posts |
one of the logical reasons why CAC doesn't sticker defunct graded coins is that they may not have searchable or well maintained certification numbering systems... as for ANACS and ICG, they perhaps do not see these two firms as being on par with the top two firms.
|
|
Bedrock of the Community
13014 Posts |
Thats my guess. They may feel that eventually PCGS and NGC will run everyone else out of business and dont want to sticker companies that wont be around in 10 or 20 years. I'm sure theres a lot of reasons for it from volume to maybe they know the percentage they would sticker for them is lower
|
|
Pillar of the Community
United States
3540 Posts |
Other than slab security, so there is no switharoo happenings, CAC should be able to review ANY slabbed coin.
CAC should also sticker coins that do NOT make the grade and provide a PUBLIC document listing the slab id numbers. There would be 30-35 percent of coins currently in slabs, that would be removed.
|
|
Bedrock of the Community
13014 Posts |
Quote:
CAC should also sticker coins that do NOT make the grade In fairness though CAC stickers what they consider to be I believe middle of their grade and up. Just because something doesn't meet that standard doesn't mean it was graded wrong. It could be a very low end 67 but its still a 67. |
|
Moderator
 United States
23522 Posts |
I doubt it'll happen. Don't forget, CAC is not there for you and I - they're there to enable sight-unseen sales of high-dollar coins between dealers, as promised (and failed) by the TPG's. We benefit from the beans the same way their intended audience does - don't forget, CAC is a consortium of dealers - but until $5k Statehood Quarters become commonplace, Moderns are irrelevant to the CAC mission. |
|
Pillar of the Community
United States
1302 Posts |
@SsuperDdave- if you read the piece, you'll see that I'm not asking for that.
|
|
Pillar of the Community
United States
1374 Posts |
If you propose CAC to sticker Susan B. business strikes, wouldn't it make sense for them to stricker proofs? For example, the 1981-S Type 2 should be a popular submission.
|
|
Pillar of the Community
United States
1302 Posts |
there is no such thing as a perfect proof, therefore stickering PR69DCAMS or PR70DCAMS is not a worthwhile pursuit
|
|
Moderator
United States
23522 Posts |
Quote:
@SsuperDdave- if you read the piece, you'll see that I'm not asking for that. Oh, I get that, and I disagree neither with your accurate reasoning nor your honorable goal. My only worry is the (quite possible) dilution of their talent and/or increase in price to implement such changes. It would be taking the step from dealer-dealer specialist to (nearly) full-fledged TPG, with the accompanying business complications. Should they make that choice, you would not hear a complaint from this corner. I'm just concerned whether it would be the first step down the same road as those they were formed to correct. |
|
Pillar of the Community
United States
2270 Posts |
Your article is remarkably pithy and coherent.
One of the problems with the modern markets is that it seems the earliest submissions were apparently overgraded and sometimes dramatically. This leaves a few coins around that are like time bombs waiting to kill the first unwary collector. CAC stickering would not only mitigate this problem and provide significant revenue to the company but help defuse some of these coins thus spurring moderns. The simple act of accepting these for grading should provide the coins some cache' since CAC is pretty well respected.
I think it pretty telling that in all these months of stickering only 287 have been. This provides some insight into just how scarce many of these coins really are. Remember most of the stickered coins will tend to be the easier dates and mints so some Ikes will be quite uncommon stickered in high grade. Of course it's not a race with older coins but there's simply no denying any longer the scarcity of many moderns and the '69 quarter is a case in point.
Time don't fly, it bounds and leaps.
|
|
Pillar of the Community
United States
548 Posts |
Am I the only one who shrugs at all this PCGS / NGC and now CAC noise? I look at PCGS' price list and see so many options for you to get your coin graded: first strike, MS64+ for those that can't quite make MS65, etc, etc, etc. And along comes CAC to save the day. Yeah right.  Just another way to make $ off the consumer, and another way for the dealers to get higher prices from their coins. Sigh. They should all just get a job and work for a living, like the rest of us. |
|
Pillar of the Community
United States
2270 Posts |
^ I have mixed emotions about the grading services but not about clad.
The grading services perform a valuable function but the cost to the hobby isn't trivial. They help perpetuate the concept that quality rules all but they do it just by stabilizing the hobby and protecting it from numerous threats. They improve the odds that coins from all eras survive for future collectors but sometimes at the expense of moderns.
The bottom line though is that they have become a necessity whether you like quality or only rarity. As time goes by there is likely to be an expansion of their services to better accommodate a larger number of collectors. Eventually most of the grading will probably be done by computers with proprietary programming. Other services will adjust existing grading (pricing) to current market demands. Just as the coin market has become dependent on computers eventually grading will as well.
Like them or not these services are good for coins and necessary for coin collectors.
Time don't fly, it bounds and leaps.
|
| |
Replies: 16 / Views: 2,446 |
Posted 08/23/2012 7:26 pm
