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 Replies: 13 / Views: 3,321 |
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Valued Member
United States
231 Posts |
Is the Green CAC cert. sticker really important to have? It basically double certifies the coin by another grader? I like the idea of that and I seem to see many CACs on the older green PCGS holders and wondering why? Also are there issues with any counterfeit CAC stickers out there because it doesn't seem that difficult for someone to create them. Thoughts?
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Pillar of the Community
Canada
857 Posts |
From a marketing point, yes they are quite good to have as a lot of collector stand by their grading standards. However from a purely collector point of view I would say it doesn't really matter if you grade the coin for yourself. (Buying the coin and not the holder kind of thing).
As to why old green labels tend to get stickered more often likely has to do with that the TPGS were a lot stricter or accurate depending on how you see it back in the days of green (labels).
Since CAC's whole thing is stickering coins that are 'solid' for the grade, combine that with the stricter standards and viola, better coins for the grade.
As for the counterfeiting question, I acctually don't know, but it does surprise Me that I don't recall ever hearing of fake CAC stickers.
Edited by Numis-Northerner
12/07/2019 09:38 am
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Pillar of the Community
 United States
8938 Posts |
I like CAC stickers on anything that's proportionally very high grade. Like I'm planning to buy a MS67 or 67+ Morgan for my type set. I absolutely want a CAC sticker as it is just quality assurance.
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Pillar of the Community
United States
4469 Posts |
Counterfeit CAC stickers have not been an issue as the Cert # can be checked on CAC website. I have seen a counterfeit with the holder, coin and CAC sticker all counterfeit.
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Bedrock of the Community
13014 Posts |
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However from a purely collector point of view I would say it doesn't really matter if you grade the coin for yourself. (Buying the coin and not the holder kind of thing). It would be foolish to ignore market realities when dealing with higher/high value coins which is what CAC is intended for. |
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Pillar of the Community
Canada
857 Posts |
Quote:
It would be foolish to ignore market realities when dealing with higher/high value coins which is what CAC is intended for. As someone who considers themselves to be a dealer I completely agree, and I do think when comes time for a collector to sell, be it to pay for essentials, medical bills, college etc its a smart move to have any help in bringing extra cheese (money) in. How I should have put it is, don't let a lack of a CAC sticker tell you a coin is 'lesser' if you're buying purely for yourself, you the collector should decide if it fits your wants. Same with the other way around, I have seen some coins that I personally find ugly with CAC stickers, and I think a collector should still be critical when buying a coin with both a TPG and a CAC guarantee for their own collections. |
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Pillar of the Community
United States
4469 Posts |
Recently PCGS announced that they are offering Registry CAC sets for PCGS coins that have the CAC sticker. The CAC sticker has become the standard for identifying quality coins for grade. If you are buying and/or selling slab coins, it is important to understand the CAC marketability and how and why some coins sticker and some do not. The bottom line is that CAC stickered coins at the same grade typically sell for more money than coins without the sticker.
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Pillar of the Community
United States
1448 Posts |
CAC is nice, but keep in mind it is also another opinion. Grading in its entirety is subjective and mistakes can happen. One example of this is I had a Half Dime that was graded AU58 by a TPG. It never CAC'd at the 58 level. I got it regraded by another TPG and it upgraded to MS63, and resubbed to CAC in the new slab and it stickered. Higher value coins it is appealing, but I wouldn't let it be the end all factor when buying a coin. Edited by Steelers72
12/09/2019 08:39 am
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Bedrock of the Community
13014 Posts |
Quote:How I should have put it is, don't let a lack of a CAC sticker tell you a coin is 'lesser' if you're buying purely for yourself, you the collector should decide if it fits your wants. Same with the other way around, I have seen some coins that I personally find ugly with CAC stickers, and I think a collector should still be critical when buying a coin with both a TPG and a CAC guarantee for their own collections. Agreed. While I do think people should be aware of how the market will treat their coin eg CAC or not or PCGS vs other company if for no other reason than to be able to realize when people are just blowing smoke at them trying to get a higher price, at the end of the day if they don't enjoy the coin there is no point in buying it. |
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Valued Member
United States
160 Posts |
I agree with most here that CAC stickers do bring a higher price, but I also have seen what I consider to be ugly coins with CAC stickers on them.
I am not into business selling coins so I don't know the actual mark up of said stickered coins. I buy what I like regardless of stickers. I do prefer slabbed coins when buying online only to ensure its not counterfeit. I will buy a lower grade coin over a higher just because it looks nicer to me.
The slabbed grade to me is just an opinion to me.
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Bedrock of the Community
13014 Posts |
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I am not into business selling coins so I don't know the actual mark up of said stickered coins. They're all over the place. Some issues like gem gold and the high priced coin there can be a several thousand dollar difference or more, others like a $125 Morgan it's usually just the sticker price if that but added liquidity. PCGS recently started a CAC registry section so if registries really do have as big of an impact on price as some people claim we could see the difference expand at all levels. I suspect if anything the difference will just grow in areas where stickers and the coins themselves are hard to come by or actually rare. |
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Forum Mom
 United States
5877 Posts |
I have felt that CAC is just another scam out there since its inception. Many dealers and collectors will pay a premium for it, however. If it's about money for you, then a CAC will increase the premium; if it's about the actual condition of the coin, I think it's a waste of money.
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Pillar of the Community
United States
6526 Posts |
I have to agree with Mom. But what if there was a CCF sticker  You could put Jbuck in charge  Just kidding. Its just a sticker. That cost more money after money has been spent to get it graded. Are this guys better then the graders? And lets not forget they are looking a coin that's already in a slab |
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Bedrock of the Community
13014 Posts |
Theres no scam about CAC. JA is one of the few standup guys in this industry and even ran or still does run a nonprofit to help collectors that were scammed. His experience is second to none with US coins and is one of the best learning tools for collectors out there, they don't even charge collectors for coins that don't sticker. People are certainly free to ignore it, but the ship has sailed in terms of how the market treats CAC coins and the word scam should never be associated with them. |
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Replies: 13 / Views: 3,321 |
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Posted 12/07/2019 10:11 am
