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Replies: 28 / Views: 2,912 |
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Pillar of the Community
 United States
2703 Posts |
I have to admit, it is a brilliant scheme. Evaluate all the same coins over again, millions of dollars to be made, all over again. Simple slabbing and certification is not generating enough revenue anymore, everyone needs a sticker now too. Start out by giving them out for free. Then build the fear that everyone needs a sticker on their coins. And we get not just 11 grades for mint state coins, which no one can agree upon, but now there will be 22 grades for mint state coins! Oh, I forgot the NGC coins must have "stars upon thars", so that brings the total of mint state grades to 44! Of course a split hair can still be split, so in a few years we will need the plus-plus designation, to bring it up to 88 grades for mint state coins, because everyone should have only certified star PQ++ coins in their collection.
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Valued Member
 United States
83 Posts |
certainly that is one way to look at it, another way to look at it is that CAC feels that TPG's have failed recently in certain ways and that they are looking to correct this problem... I want to keep my mind open for the moment and see more of what CAC has to offer before making any judgement either way....
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Member
United States
1154 Posts |
How is this service going to work at the show? With so many coins floating around the CAC getting stickered do you leave your coins there or what?
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Valued Member
 United States
83 Posts |
You submit the coins at the CAC table, they will have an onsite grading room set up in the building... Security guards take the coins to the grading room for review, stickers, etc....and then they are returned back to the CAC table for pick up....
It is just like NGC, PCGS do at the major shows....similiar system
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Pillar of the Community
United States
2443 Posts |
Coinfest, for allowing the CAC into the show, your whole collection is CAC worthy.  Of course, I'm joking. By the way, do you know how the stickers look like?
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Valued Member
 United States
83 Posts |
no I have not seen the stickers yet, if I get more info, I will certainly update
after the show I am sure people will be posting their results and pics
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Member
United States
1154 Posts |
So is there a minimum value of the coin that has to be submitted? can I submit a sample slab. Moderns?
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Valued Member
 United States
83 Posts |
I would suggest only higher end pq coins
sample slabs and moderns IMHO would be a waste of time
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Valued Member
United States
218 Posts |
It is my understanding that only NGC and PCGS coins will be CAC acceptable and that moderns (post 1964) and sample slabs etc will not be accepted for evaluation.
Remember this system is by dealers for the benefit of dealers. Dealers (like JA) want to be able to buy coins sight unseen knowing that they are getting a quality coin for the grade. As it is right now only the most generic coins trade sight unseen and even then at a significant discount from where a sight seen coin would trade.
John is one of the strongest buyers of truly PQ coins and he has expressed disappointment in the dismal grading the last few years and he is trying to make his job easier. If he looks at a coin and evaluates it as PQ the he won't have to evaluate it again later if it comes back past him. I cannot fault him for trying to simplify his job. If he makes a buck in the process, I guess that doesn't bother me either, he is awfully good at what he does.
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Member
United States
1154 Posts |
so if I want my PCGS G06 1892 Barber dime stickered would it be sticker worthy? Lets say the grade on this coin is spot on to its appearance. Are they going to not sticker coins that aren't high grades?
Edited by laxmaster92 10/14/2007 10:13 pm
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Bedrock of the Community
United States
17884 Posts |
quote: I would suggest only higher end pq coins
sample slabs and moderns IMHO would be a waste of time
Not to me, I just need an example of ANYTHING with the label on it so as to have a representative specimen of the label. Naturally I want it on something as cheap as possible. I don't want to waste money on an expensive coin I don't need just so I can have a label. I have too much trouble with that on some of the rare slabs now. Some slab varieties ONLY come with gold coins in them. The only specimen of the sixth generation of INS slab that I know of has a PROOF Half Cent in it.
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Valued Member
 United States
83 Posts |
I really wish I had more info on what CAC will be stickering, but I do not.... I would say that you will be able to attend Coinfest and ask them in person....that in itself is a start...
This was a email sent from Legend Numismatic:
A SPECIAL NOTE ABOUT CAC The new coin stickering service is about to begin operations. We do not have any information yet about submissions. However, we are pleased to announce that CAC will be attending the COINFEST Show and will be stickering coins for free (max 20 per collector) on Saturday only (time allowing).
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Bedrock of the Community
United States
17884 Posts |
I on the other hand will not be attending Coinfest, that's why I'm trying to find someone who can get a relatively inexpensive piece sticked.
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Replies: 28 / Views: 2,912 |