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 Replies: 25 / Views: 4,664 |
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Pillar of the Community
United States
3546 Posts |
I have never completely understood the criteria that CAC (Certified Acceptance Corporation) uses to justify placing its sticker only on a PCGS or NGC-graded coin.
Since I want to be 95% sure that I would receive their CAC sticker on my PCGS MS 70 Silver Eagle, what possible objections could they base a rejection on?
And does anyone have any case studies or examples of any PCGS-graded MS 70 numismatic or bullion coin failing to deserve a CAC sticker?
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
 United States
8938 Posts |
They don't sticker them period as far as I know. They don't do moderns.
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Pillar of the Community
 United States
6547 Posts |
Quote:
Coins Accepted
Below you will find the coins that CAC accepts for submission.
Note: CAC does not accept modern coins / bullion coins. |
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Forum Dad
United States
24155 Posts |
Well, a 70 is supposed to be perfect. Would a CAC one be perfecter?
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Pillar of the Community
United States
6547 Posts |
Good question Bobby  |
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Pillar of the Community
 United States
3546 Posts |
Quote:
...Would a CAC one be perfecter That was one of the reasons I also thought about. Let's say it was not a modern but some vintage non-bullion MS 70 coin if that is possible. Why would someone want to pay the CAC fees for a MS 70 CAC stickered PCGS coin of this class compared to the same slabbed coin by PCGS w/o a CAC seal? The only possible advantage I could think of is that apparently many dealers trade CAC coins sight unseen and that they command more $ on average. If this is not the case for MS 70 coins, then paying for a CAC sticker would appear to be a poor business decision. Any pros or cons ref this line of thinking? |
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Pillar of the Community
United States
7276 Posts |
People long time ago stopped buying the coin. Now they buy the plastic and stickers....  |
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Pillar of the Community
Canada
3733 Posts |
Quote:
Since I want to be 95% sure that I would receive their CAC sticker on my PCGS MS 70 Silver Eagle, why would you want a cac sticker on a coin that was already deemed perfect..? |
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Pillar of the Community
United States
3546 Posts |
The point of this thread was to eventually show you this 2020 MS70 PCGS Silver Eagle I just purchased off ebay. The next photos show a 'spot' right above the 'O' in 'OZ.' on the reverse. These first two shots show a full then partial shadow probably indicating a minute dent.  |
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Pillar of the Community
United States
5829 Posts |
Perfect = Gold Bean > Perfecter = Palladium Bean > Perfectest = RHODIUM Bean.
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Pillar of the Community
United States
3546 Posts |
Here is a 3rd photo of the same spot using a lowered angle of incident lighting which shows off the reflectivity of the interior of this dent a bit more:  I do not want to get my money back from the seller since I want this year and grade. But if the seller has no more of these for sale, PCGS might be my only option. If I deal with PCGS instead, would they have an obligation to replace this coin with the same one that totally meets the MS 70 criteria for perfection? One final question I have is does this 'spot' actually disqualify this coin from being an MS70? Or do PCGS' guidelines allow for this type of feature since it was probably some form of non-standard relief (opposite of incuse) piece of metal on the die? |
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Pillar of the Community
United States
2232 Posts |
No grading company is perfect. Most collectors have seen coins with scratches, dents, gouges etc. that were given too high a grade. They were approved by an assembly line hurry up run it through didn't look close grader. Send the same coin to different companies and it may come back a different grade. Send the same coin to the same company several times and it may come back different grade.
Most graded Silver Eagles are common and not worth a great deal. I wouldn't be too concerned about the dig, strike through, or whatever it is in the field. But if you want a perfect one, you could sell/trade yours for one with no marks anywhere. I don't know PCGS policy about challenging the grade they gave a coin.
Edited by livingwater
09/13/2020 07:12 am
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Valued Member
United States
442 Posts |
Not so sure it's a ding. Possible lamination error?
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Pillar of the Community
United States
616 Posts |
This is why I no longer collect moderns. I can't afford to pursue perfection. I'd much rather have the Lydian half-stater in the OP's pic.  |
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Pillar of the Community
United States
2232 Posts |
About 60% of my collection is ancient coins. And I prefer to hold them in hand, not in a plastic sealed case. I understand grading and slabbing collectable older and rare coins. But I'm not into doing this with common modern bullion. It is popular with a lot of folks though.
Edited by livingwater
09/13/2020 11:42 pm
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Bedrock of the Community
United States
10038 Posts |
Also remember the companies do not use much magnification as compared to what our phones and microscopes nowadays can do (correct em someone but I have heard they use from 3X to 7X). Something this small in their hurried environment would easily pass through. Besides that I had a lengthy conversation one day with a collector/dealer who is convinced that when monster boxes are submitted that the companies just skim 20% off of the top, slab them as MS70, and the rest are slabbed lower. He cited quite a few years of asking other large dealers to track their percentages of returned MS 70s from these boxes and the number was consistent. He challenged me to look into it myself and the very first MS70 ASE I got (part f a collection), sure enough, an obvious rim ding! That was when I was starting back into the hobby and was researching what the slabbing companies had become. Its not uncommon to find stuff like this. |
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Replies: 25 / Views: 4,664 |
Posted 09/12/2020 2:48 pm
