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 Replies: 11 / Views: 1,953 |
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Pillar of the Community
United States
1704 Posts |
Purchased at the Santa Clara, CA coin show yesterday. Picture does not show its true color. CAC rarely gives out gold stickers as they are reserved for coins which in their opinion are significantly under graded by the grading service that encapsulated the coin. This quarter has just the slightest rub on the obverse and virtually no trace of wear on the reverse and the opinion of the numismatists who examined the quarter in hand all agree that the coin should have had a higher AU grade. It will not be cracked out and resubmitted to PCGS, I don't do that. This is the only picture that will be posted. This is my last post or visit to the forum for the foreseeable future.  Ed ANA LM-3175 |
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Valued Member
United States
374 Posts |
So is a CAC sticker a 'double' grade? 1st PCGS and then another company? Is that actually a joke.
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Pillar of the Community
1751 Posts |
CAC simply verifies the grades of the TPG's. An independent auditor if you would like, and no, they're not a joke. They're quite well respected around the hobby, and this gold "bean" (as they are called) probably pushed the price up on this piece substantially. I'm guessing this cost the OP between 53 and 55 money. Sure looks like a nice example, I handled a NGC AU58 (Overgraded imho) today that looked about as nice as the obverse of that looks. It's a shame Ed won't post pictures of the reverse, the A&R reverse is one of my favorite reverse designs of all quarters. |
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Valued Member
United States
374 Posts |
I guess what I meant was: weren't the TPG supposed to be independent? As is the term "third party"? Now there is a fourth party, verifying the third party. Yikes! When is it going to stop. Perhaps a fifth party that 'really' verifies the CAC and the PGCS and the initial dealer. Edited by Bababooey
09/08/2013 05:24 am
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Pillar of the Community
1751 Posts |
I can't see things going beyond CAC. The reality is TPG's screw up sometimes, and it can never hurt to have another set of eyes look at the coin. The people at CAC are highly qualified for the job of reviewing TPG grades and they certainly fill a niche in the market for people who collect older slab types and don't want to crack the coin out, but would still like the fact that the coin is undergraded by modern standards to be recognized. Coins have been getting slabbed for 25+ years now, you must remember, and the TPG's grading scales have varied over time. |
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New Member
United States
8 Posts |
Wouldn't it make more sense to crack it out and resubmit it? Would it sell better being under graded with a sticker or properly graded (to today's standard) with no sticker?
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Pillar of the Community
1153 Posts |
Would love to see the reverse of this beautiful coin
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Valued Member
United States
217 Posts |
I agree, can we see the reverse? The rays are the best part! :P
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Pillar of the Community
Canada
3167 Posts |
Quote:
This is the only picture that will be posted.
This is my last post or visit to the forum for the foreseeable future.
Hope everything is all right. The forum will miss you. |
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Moderator
 United States
23522 Posts |
Quote:I guess what I meant was: weren't the TPG supposed to be independent? As is the term "third party"? Now there is a fourth party, verifying the third party. It might help if I describe it like this: Let's say you're a high-end, nationally-reputed dealer, and during your career you were not only involved with the founding of PCGS, but the founding of NGC as well (and you served time as President of NGC). You chose dealing over TPG'ing, left NGC, and watched as both of the companies you helped form went awry with grading standards and consistency over the years. What do you do? Well, if you're John Albanese, you form CAC to ride herd on the TPG companies which got away from your original intent. |
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Valued Member
United States
374 Posts |
Let's say PCGS grades on a bell curve, some coins a bit higher and some a bit lower. Now it seems all the lower graded coins have either CAC stickers, or are resubmitted for another grade.
If a coin is over graded in the PCGS holder, probably no one will every take it out or submit it to CAC for a "downgrade". So now you are left with either accurately graded or over-graded coins in holders.
I guess standards have changed, what can you do.
I think I have learned here that grading is subjective in many cases. In this case the difference b/w AU50,55, and 58 sounds like a subjective call. No one is saying the coin is Uncirculated or Extremely Fine. It is a higher priced coin, so I guess one has to do what one has to do increase the value (ie CAC submission).
I hope the OP is okay, sounds some somewhat ominous, that he is not coming back for the foreseeable future.
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Bedrock of the Community
13014 Posts |
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Wouldn't it make more sense to crack it out and resubmit it? Not necessarily. The Gold CAC stickers carry a premium on their own even over the Green CAC stickered coins in that grade. As for whether it would sell better being undergraded with the gold sticker or properly graded it depends on how undergraded it is. If it was undergraded by a few grades it would probably do better in a higher slab, if its only a single grade it probably does better with the gold sticker. It could also depend on where it would fall in its proper grade. Some people would rather have a very strong VF coin over a weak possibly borderline XF. |
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Replies: 11 / Views: 1,953 |
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Posted 09/08/2013 05:03 am
