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 Replies: 33 / Views: 10,751 |
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Pillar of the Community
United States
1913 Posts |
From what I've seen I have to say that the whole idea of buying valuable coins sight unseen seems like a bad one to begin with. The CAC 4th party grading does nothing to help. Are the people buying these coins such big time wheeler dealers that they can't take a minute to look at a coin? Overall, I see dealers who want inflated prices for CAC'd coins that look no better on average than ones that aren't. For the money, the non-CAC'd coins represent a better value. Consequently, the CAC stickers seem to be pushing me away from the coins instead of towards them. The fact is that eye appeal matters. Take a look at this one I found on ebay.  http://www.ebay.com/itm/1900-Barber...em487eacf602It has a CAC sticker, but my take is that it looks like someone spilled their coffee on it and tried to scrape it off. The only thing the CAC sticker on it does for me is make me really question their judgment. |
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Pillar of the Community
Taiwan
606 Posts |
CAC is not a grader of coins as Ssuper Ddave pointed out in an earlier post
on this thread. It is well worth a read. The PCGS MS 65 1900 25c piece
pictured above looks to me as a very desirable coin and is worth the
premium the dealer is asking.
Some collectors like original attractively toned coins and others prefer
them untoned. Dealers are charging more for CAC coins because collectors
are paying more.
Edited by Everest
06/05/2015 02:43 am
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Pillar of the Community
United States
7390 Posts |
 ... I am one of those that love colorful coins. That said with cac, just like the tpgs, they look past toning for 5he most part and judge each coin as if the toning is present or not. |
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Moderator
 United States
23522 Posts |
The coin in question here hammered at $1184 at Heritage last January, in another holder: http://coins.ha.com/itm/barber-quar...1216-10060.sSo it's been cracked, resubmitted and made the CAC seal twice. Judging from the Heritage images, it's pretty easy to see why it Beans at 65. It's probably near-66 but for the toning, which is typical of Barber issues. |
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Pillar of the Community
United States
1913 Posts |
I read Ssuper DDave's post previously and understand exactly what he's saying. In theory, if the purpose of CAC is to allow sight unseen buying/selling, then the stickers really shouldn't impact sight seen buying/selling. Reality is that they do. CAC may not be an official grader of coins, but they're validating grades. In effect, they're a 4th set of eyes looking at the coin.
I love original attractively toned coins, but my personal opinion is that the one pictured above looks awful. I'm glad someone likes it, but I can't see a silver coin with black toning that has been scraped off in some areas being considered "premium quality" or even worth more than what's typical for the certified grade.
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Pillar of the Community
United States
4692 Posts |
Edited by jimbucks
06/05/2015 09:36 am
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Pillar of the Community
United States
1913 Posts |
jimbucks, there's a huge difference in how the pictures look. Were the first two photographed and the last two scanned?
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Pillar of the Community
 United States
500 Posts |
We are 100% in synch Bret. If the purpose is "sight unseen" that is ridiculous, so effectively it is just boosting prices with no appreciable quality boost. From my observations cac-ed coins are of no greater quality or eye appeal than non - and thus I tend to be put off by seeing a stickered coin because I KNOW it's price is inflated. Quote:
From what I've seen I have to say that the whole idea of buying valuable coins sight unseen seems like a bad one to begin with. The CAC 4th party grading does nothing to help. Are the people buying these coins such big time wheeler dealers that they can't take a minute to look at a coin? Overall, I see dealers who want inflated prices for CAC'd coins that look no better on average than ones that aren't. For the money, the non-CAC'd coins represent a better value. Consequently, the CAC stickers seem to be pushing me away from the coins instead of towards them. The fact is that eye appeal matters |
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Pillar of the Community
United States
1839 Posts |
Just got a small batch done. 6 for 6  First time I've batted a thousand.  |
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Rest in Peace
United States
18456 Posts |
 Does anyone know if CAC labels have ever been counterfeited and intentionaly placed on certified coins ?  |
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Bedrock of the Community
United States
10982 Posts |
Quote:
Does anyone know if CAC labels have ever been counterfeited and intentionally placed on certified coins? I have not heard of such a case. If it were to happen the coin's cert number would not show up in the CAC online database. That's assuming someone didn't try to counterfeit a legitimate coin, slab, and CAC sticker all at once! |
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Rest in Peace
United States
18456 Posts |
Quote:
That's assuming someone didn't try to counterfeit a legitimate coin, slab, and CAC sticker all at once! Don't even mention that; some illetgitament company in China might try it..  ..  |
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Pillar of the Community
United States
4469 Posts |
Quote:
Just got a small batch done.
6 for 6
First time I've batted a thousand.
Tbone, Very impressive to have all your coins pass CAC. Would you share what you are looking for in your purchase of coins that will get the green sticker? Edited by Slider23
07/25/2015 11:53 am
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Pillar of the Community
United States
1839 Posts |
Slider23, Well I generally only send coins that I've purchased for my own collection rather than coins I plan to sell (on ebay). And I do tend to be a bit pickier on the coins for my own collection. Other than looking for coins that look to be graded correctly it's all about strike and eye appeal for me. A good solid strike that that doesn't appear to have any weak areas. Eye appeal is, of course, very subjective. I'm a big fan of coins with original looking skins. Even a coin that looks like it may have had an old cleaning tends to be a coin I shy away from (unless it re-toned really well). Here's a link to my everyman type set digital album I'm working on to get a visual. All but a few have been CAC approved. http://www.pcgs.com/SetRegistry/Alb...setid=131525Edited by Tbone
07/25/2015 12:24 pm
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Valued Member
United States
403 Posts |
New member here resurrecting this topic with perhaps a naïve question. Can you get a CAC bean on a coin certified as PO-1? If so, does that mean the coin is considered solid or high in the grade? The base grade is often more collectable than FA-2, and the lowest members of the PO-1 population would probably be more desirable than the higher members. CAC may have no place here.
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Replies: 33 / Views: 10,751 |
First Page
Posted 06/05/2015 02:39 am
