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 Replies: 20 / Views: 3,418 |
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Pillar of the Community
United States
1804 Posts |
Thank you in advance  *** Moved by Staff to a more appropriate forum. *** |
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Moderator
 United States
14463 Posts |
CAC is a grading company that some use to double-check the TPG grades. edited - they are not a grading company  |
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Bedrock of the Community
13014 Posts |
They identify upper end coins basically. Strong to premium coins for their grade would get stickered while low end of the grade or "ugly" ones dont. Some series are incredibly hard to get stickered like high grade ikes.
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Pillar of the Community
United States
2543 Posts |
It is Certified Acceptance Corporation
It is not really a grading company, it is an association of dealers, by membership only, who implicitly trust each other to sticker only coins that are graded properly. It was originally started so that dealers could buy coins , sight unseen from any grader and be assured that in the eyes of their fellow dealers, it is graded properly.
They do not grade coins, they just confirm or elect not to confirm the grades that PCGS and NGC have given coins.
Edited by denco7
03/02/2014 3:36 pm
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Bedrock of the Community
13014 Posts |
Quote:
It is not really a grading company, it is an association of dealers, by membership only, who implicitly trust each other to sticker only coins that are graded properly. Its not dealers stickering coins, they have their own team and more specifically John Albanese having the final say. If you really want to break it down into its most basic form its coins JA would buy from you sight unseen for being better than the average coin that would be in that slab since CAC will buy anything they sticker if you wanted to sell to them. Edited for proper quote Edited by basebal21
03/02/2014 4:50 pm
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Rest in Peace
United States
4078 Posts |
@Basebal21 Quote: Stop playing with your coins. If you need to pick them up just grab them by the edge they will be fine. No need for fancy gloves in my opinion.  Where did this come from? |
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Bedrock of the Community
13014 Posts |
Quote:
Where did this come from? Lol from another thread I had opened at the same time. Put the wrong quote in  |
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Moderator
United States
56855 Posts |
I consider CAC a grading company that grades the coins other TPG's have already graded. Quote:
They do not grade coins, they just confirm or elect not to confirm the grades that PCGS and NGC have given coins. How can they do that without grading the coins themselves? John1  |
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Pillar of the Community
United States
1660 Posts |
Isn't it just a gimmick?
They want collectors to think a slab without a sticker is worth less than one with,
when the reality is very few slabs are even submitted for stickers?
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Moderator
United States
16679 Posts |
It's an opinion like anything else. What I think is choice for the grade, another may not. I don't actively pursue purchasing CAC'd coins, but did just buy my first one but not for the sticker :-)
swcoin.ecrater.com
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Moderator
United States
23522 Posts |
It's not a gimmick. Albanese started CAC because he couldn't trust the grades on PCGS and NGC (which he helped found, by the way) slabs to trade with his fellow dealers sight-unseen.
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Bedrock of the Community
United States
17884 Posts |
Quote:
It is Certified Acceptance Corporation When they first started it stood for Collector Acceptance Corporation. It changed to Certified after just a few months. Edited by Conder101
03/03/2014 12:53 pm
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Valued Member
United States
452 Posts |
When I first started collecting TPG'd coins, I thought it meant can't afford coin. |
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Bedrock of the Community
13014 Posts |
Quote:
Albanese started CAC because he couldn't trust the grades on PCGS and NGC (which he helped found, by the way) slabs to trade with his fellow dealers sight-unseen. He did an interview a couple years ago about that which was pretty good read for his take on the market. Basically he was saying the market was being depressed because sight unseen bids had to basically assume it was going to be a low end coin which was dragging down the premium coin prices. I cant find it at the moment but Ill try and post it if I can track it down. |
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Moderator
United States
23522 Posts |
I've read that article, basebal21. Learned more about the business of coins in ten minutes than the rest of my life up to that point.
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Pillar of the Community
United States
7621 Posts |
It's just another way for somebody in the coin business to make money off of people already in the coin business that don't know what they are doing and need reassurance so they don't look completely stupid when they screw up and buy something that isn't as good as they thought it was in the first place.
Or something like that.
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Replies: 20 / Views: 3,418 |
Posted 03/02/2014 3:00 pm
