| Author |
Replies: 21 / Views: 4,401 |
|
New Member
United States
44 Posts |
I've been looking for some info regarding CAC. Does anyone know what percentage of coins submitted to them get stickered and is there any sort of census regarding the coins they have stickered? Going to their website will only verify individual coins.
|
|
|
|
Pillar of the Community
United States
1231 Posts |
As far as I know there is no census on slabs they have stickered. I don't know if they would publish a percentage of slabs submitted that have gotten stickered.
Just like if you see a dealer selling CAC stickered slabs and slabs with no stickers, I doubt the dealer will tell you if they have submitted the non-stickered slabs.
|
|
Valued Member
United States
129 Posts |
To me, it would be a wast of money to do this lol. I trust NGC and PCGS to have been accurately graded. (ICG and ANACS I kinda trust, but not as much as first 2)
Edited by Five4fighting 02/15/2009 12:54 am
|
|
Valued Member
United States
357 Posts |
 I think five4fighting is right I would really only consider having it sticker if the slab came from a second or third rate TPG's. Its just another way to separate you from your money that you can use for other coins 
Edited by norseman012 02/15/2009 11:31 am
|
|
Moderator
 United States
16679 Posts |
I'm not a fan of this. Why do I need a sticker or better yet, someone else telling me that it's "choice for the grade". If you want to pay a premium for a coin just because this little sticker was put on it's slab, that's up to the buyer. I'll stay on the sidelines.
swcoin.ecrater.com
|
|
New Member
United States
8 Posts |
Actually, the green stickers are just saying they agree with the grade on the slab. I believe the yellow stickers are the ones the ones that say it's preimium for the grade.
|
|
New Member
 United States
44 Posts |
I am in agreement about the whole CAC concept. At what point does it stop? But, to play devil's advocate, the acceptance the sticker is receiving is pointing to a problem even with the top echelon TPGs and their evolving standards. Buyers are paying a premium for that little green football and the feeling of additional security it carries.
I have written elsewhere here about CAC and I want to tell about my experience.
Submitting something to them is not as easy as it should be. Some dealers listed as submission centers dont want to do it for whatever reason. Others seem confused as to pricing and or the process. I dont know if this is a reflection on CAC or the dealers themselves. One older, established local dealer that I have done business with in the past told me they had stopped submitting because of a "mix up" and obviously wouldn't elaborate.
I finally submitted a coin through a very large national dealer and it went about as smoothly and as effortlessly as I could ask. It cost 35.00 and the turn around was less than a month door to door. I called this dealer, asked about the service and was told an exact price and was made to feel very comfortable. Perhaps this guy just has his act together?
To finish the story, the slab came back with the sticker on it. That was why I had my original question regarding percentages stickered etc. I am thinking of selling this coin and want to have a firm grasp as to how much this may have made this coin stand out (if at all really)?
|
|
Valued Member
United States
183 Posts |
You know, I just came across this post. I have seen the "CAC" sticker thing around, and wondered just what the heck it was all about... ...and I come to find out we have FOURTH PARTY GRADING. Great. There is so much debate out there as to just what type of cachet (sp?) a TPG slab really conveys. You have a nice coin, it comes back a 65. You have a not-so-nice coin come back a 65... so what does it mean? It means crap. It means I payed a prefessional 30 USD to grade it, and encapsulate it. So I got a pro to grade it, better than I could have done, and a nice permanent home for my coin. You're supposed to buy the coin and not the holder, but the mere existence of a sight-unseen market tells you a different story. The whole coins-as-commodities boom and bust we saw in the 80's tells you the rest. So the next time you want to buy a slabbed coin, think of all this and ignore the CAC sticker. That goes for the coins I sell too. I have one coin that I look at every day, and I really am not happy with it and it came back a 63, probably due to the nice strike and lack of markings. But I see a dull example if I look at it from a collectors standpoint. Now, I could find someone to give me what I want for it, but if I price it differently, I can get it sold more quickly. Eye appeal, or shall I say the viewer's *subjective* impression, matters the most at all times. You can put all the stickers you want on it, it still looks like crap  Bruce
|
|
Valued Member
Canada
166 Posts |
Are the Chinese making CAC stickers yet? It looks like a real opportunity.
|
|
Valued Member
United States
436 Posts |
Soon TGP is going to stand for 27th party grading!  Really. other than the top 4, how many companies have to look at my coins before I am "allowed" to feel safe about them? 
|
|
Moderator
 United States
16679 Posts |
I wonder how much money CAC has made off of this little sticker?
swcoin.ecrater.com
|
|
Valued Member
United States
436 Posts |
I just went to CAC's website, and they list all their prices as TBD?  How are we supposed to know if it's worth it to get a graded coin verified (OK, it's not worth it, but come on...)?
|
|
New Member
United States
26 Posts |
Can't believe we have so many people running around believing that this sticker means anything.
Buy the coin, not the slab or the sticker. If you can't grade a coin yourself, don't buy it. Period.
|
|
Moderator
 United States
23522 Posts |
Quote: If you can't grade a coin yourself, don't buy it. Period. Unfortunately, there are a whole lot of coin collectors out there who lack your vast expertise, because they haven't learned yet. How would you propose that they learn to grade without owning coins?
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:I would really only consider having it sticker if the slab came from a second or third rate TPG's. CAC will not sticker coins from second or third rate TPG's. Quote: Why do I need a sticker or better yet, someone else telling me that it's "choice for the grade". Why do I need someone else to tell me what the grade of my coin is? And then pay to have someone else agree with what the first person said? You're out $60 to $70 just to have someone tell you something you should be able to determine yourself by looking at the coin. (Yes I know just buy the coin already stickered, but someone had to pay that money and they are going to be getting back somehow in higher prices for the coin. If that wasn't true then a raw coin a slabbed coin, and a stickered coin of a given grade would all sell for the same price.
|
|
New Member
United States
26 Posts |
Quote: Unfortunately, there are a whole lot of coin collectors out there who lack your vast expertise, because they haven't learned yet. How would you propose that they learn to grade without owning coins? Superdave, Live and learn. Trial and error. Pay attention. And my favorite. Buy books and do some research prior to buying any coin. But that's me.
|
| |
Replies: 21 / Views: 4,401 |