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Is This Cacoin And Wings Stuff Real Or Just A Bunch Of Marketing Hooey?

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4504's Avatar
United States
379 Posts
 Posted 01/09/2017  4:10 pm Show Profile   Bookmark this topic Add 4504 to your friends list Get a Link to this Message Number of Subscribers
hello all

I pretty much buy graded coins because it stands to reason that I will get a real coin, not some counterfeit. anyhoo, I was goofing around and came across several companies which offer to put "stickers" of various colors, in order to "prove" they were: 1. graded properly or 2. undergraded (and therefore the coin COULD be considered the next grade up (that is, if you get a "gold" sticker. if you get no sticker, they think that your coin was over-graded. HA seems to believe in the cacoin one. THESE SERVICES ARE FOR COINS THAT HAVE ALREADY BEEN THIRD PARTY GRADED (I do not know their stand on individual graded coins tho). ok, here is the propaganda...

http://www.coinworld.com/news/us-co...ickers.html#

http://www.caccoin.com/

http://wingscoins.com/

cac only works with old coins. wings works for the more modern coins it appears. green sticker with cac, silver and gold stickers for wings (I think)

I guess this is one way if you think you got a raw deal on the grade (and who doesn't from time to time), instead of cracking the case and going through all that grading "hassle" you just submit YOUR ALREADY GRADED COIN to one of these companies and "go for the gold" haha.

stories abound in the sites about some coins getting thousands more when being sold, and also stories that it makes no difference.

during all my hunts, I saw only one (out of many thousands) of coins that had a "wings" sticker on it. I had to message the guy to find out what that meant.

so is this something real, or are these folks playing off of those who think they got their coin undergraded from their TPG? or is this industry that was born out of the inconsistency and controversy about the TPG standards and/or methods, or, just plain TPG mistakes and the differences between them?

btw, they say if they think your coin is crap (overgraded to begin with), they put no stickers on it so you won't feel bad. personally, if there is to be companies like this they should have a sticker that means "man, is this coin over-graded or what? but then again, you pay them for this "service" so they at least have to be nice to you.

personally, if nobody knows about these companies or what they do, what is the use of going through them at all? ever see an HA coin with a cac "green" sticker before? not me.

well, I guess this might be one way to get around the meany 2 major TPG companies, go with a lessor-reputable one and get a sticker, right? no?

one thing I can't quite figure out is how they can make the determinations without cracking the TPG plastic case.

sorry if this is old-hat stuff to you vets... mike
Edited by 4504
01/09/2017 4:20 pm
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Andrew99's Avatar
United States
1533 Posts
 Posted 01/13/2017  3:03 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
CAC has taken advantage of the ability of good graders to assign within a grade as low, mid, and high end. CAC stickers the high end and gold stickers the truly undergraded. I've seen gold stickered VF-30 coins go for XF money on HA. The Greysheet even has a column for CAC gold vs non-CAC gold, which I think is really stupid as non-CAC coins include coins that couldn't make it as well as coins that nobody thought worth spending the money to do send it in. I will not pay more for a CAC coin as I find a lot of coins that would make CAC green, but nobody sent in and I go for these. Still, if you do buy it for the green sticker, you will get something extra for it when you sell. I guess its here to stay.

For the record, I do think the whole idea of a 2nd TPG opinion is stupid. I already have my opinion and then I have the TPG's opinion. What's next, a sticker to segment high end green CACs from low end green CACs?
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