Second Time Around For Cac?

I had not considered that the average CAC stickered coin was valued that high.....thank you for that, it changes my perspective.

I have not used Heritage and have used Great Collections several times as a consignor. They never ask if I wanted to send my coins to CAC but it is an option on their submission forms IIRC.

Also keep in mind the $5000 average price of CAC coins is just that. The mean value of coins "approved" by CAC. The median value of all coins submitted would likely be much lower and perhaps closer to $2000. Still a big number for most of us.

For common collectors buying mostly sub-$500 coins I would not be too concerned about CAC approval. Just my 2 cents worth.

Does CAC know if a coin had been previously submitted? Is there a registry of not only CAC approved, but also CAC reviewed (declined)?

Talking about any TPG often results in heated discussions both pro and con. It is the coin collecting equivalent of religious fervour.

Next you have those who only respect the opinion of a specific TPG. Much like Protestant versus Catholic.

Heritage frequently sends coins they believe will CAC and on at least a few occasions offered that service free of charge for at least some of their consignments. I know because I've received those offers and taken advantage of that offer twice.

Stacks is another large auction house that often does that same thing.

If you spend any time here you will see members ask for grading of coins many times every single day. The opinions offered, even by knowledgeable Numismatists often vary substantially. Mostly because of the grading specialization required for certain series as well as specific dates and mints.

If you can buy the same coin for the same price, one raw, one PCGS or NGC, the only time it would make sense to buy raw is if you believe the coin is under graded and you are certain it has no potential detail problems.

I'm with Earl on this one. I've even been doing a few of my own.

@chute


One emoticon just not enough in this case!

I think we need a new thread - CCF member verified coins. We each get to put on our own stickers!

The thread would be to post pics of how many different CCF members you (paid of course) sent it to and got their official sticker of expertise showing how many CCF experts verified the coin!

OOPS - PLEASE - no one take offense at that last paragraph. I admit I edited this post to clarify the above was only my gut reaction after laughing. After getting most of the way through what follows, I realized someone might think I am making fun of them - I am not .

What right have I to make fun of anyone else? I have my own idiotideosyncrasies to be concerned with.

Look, I know human nature as I am one (human)... I think.

Brutal honesty here and a to everyone on both sides of the issue.

When the slabs started out, the people I knew laughed at the audacity of a self-appointed group of marketing experts selling snake oil for something we already knew how to do ourselves - look at a list of factors, compare our coins to the list, and grade out own coins. Easy peasy lemon squeezy

If someone bought a coin listed as BU and were not satisfied, they mailed it back to the seller. In those days it was even a lot less expensive to ship a coin back than to have it slabbed! In other words, there was no real NEED for slabs to begin with. It is a totally fabricated market based on psychological "needs" of the human condition.

So now we are in the era where. although people swear by the expertise and need for TPGs, they will pay someone else to verify the TPG did its job? What?! Read that again! Again, I say, "What?!"

Yes - market trends indicate the sticker makes for more profits - I understand how that happened. So I know people will go in for the system to make more profit/money. I understand human nature to this degree.

I can understand people being introduced to the hobby nowadays (and since the birth of the internet) just accepting TPGs as a normal part of the hobby. They might not take the time to think about the TPGs and CAC any more than some people care to research histories of the individual mints.

The people truly believing in these companies, when confronted with ideas the TPGs are not good for the hobby, have their thoughts/feelings influenced by that (general marketing (peer) pressure) mindset they inherited when introduced to the hobby. The confrontation makes that person feel like the fundamentals of their hobby belief system are being attacked.

Not one normal person enjoys (as is natural) even thinking our spent money/faith might have been better placed elsewhere (nice way of saying, "hey, maybe I did not get all the facts first."). Emotions flare - hence the legitimate comparison in another post to the subject becoming religious (faith based).

My legitimate homework on the subject is what my opinion is based upon. If someone can show me my mistakes - I will fight them, yell at them, call them names... no not really. I want to know my errors! I would rather know the facts then be worried about my reputation.

And as always, I will say... if you like collecting slabs for what they are - go for it and all the more power to you! A hobby is about FUN and collecting what YOU like. Slabs sure do look nice lined up in a row with all the same labels. I just hope people will like the slabs for what they are, not what they are not.

Remember, I know I am no better than anyone else. If anything, I am a bit more unconventional (nice way of saying strange). As my signature shows, this is from a guy very, very deep into the hobby of collecting old glass/porcelain things from the top of telephone poles.

People sometimes say collecting coins is strange!