Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

CAC (Certified Acceptance Corporation)

To participate in the forum you must log in or register.
Author Previous TopicReplies: 6 / Views: 3,307Next Topic  
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 02/27/2010  7:48 pm Show Profile   Check BH1964's eBay Listings Bookmark this topic Add BH1964 to your friends list Get a Link to this Message Number of Subscribers
I was curious if any CCF members are also members of CAC?

I own numerous PCGS/NGC slabbed coins that should get a CAC Green sticker and a couple that may even garner a Gold sticker. The coins I am considering for submission are worth significantly more at the next grade level.

Anyway - I have the CAC "Collector Submission Application" form in hand and they are asking for 3 Numismatic References. I've bought from and sold to several CCF members and wondered if someone here would volunteer as a reference.

All I need is a Name & Phone Number that could be PM'd and I'll add this to my application.

Thanks!



ANA #R3154474
Edited by BH1964
02/27/2010 11:05 pm
Valued Member
oimcoins's Avatar
United States
149 Posts
 Posted 03/11/2010  3:00 pm  Show Profile   Bookmark this reply Add oimcoins to your friends list Get a Link to this Reply
I think CAC is funny. People pay premiums because another Third Party has looked at a coin slabbed by a main TPG and either agree or disagree. If they agree a sticker goes on the outside of the slab.
Pillar of the Community
Billie's Avatar
United States
592 Posts
 Posted 03/11/2010  4:46 pm  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
I am not understanding the CAC thing either.
Valued Member
Canada
166 Posts
 Posted 03/13/2010  11:14 pm  Show Profile   Bookmark this reply Add steve kuznicki to your friends list Get a Link to this Reply
Personally, I would not pay extra for a coin with a CAC sticker on it. If these stickers really did add value, the Chinese (or unscrupulous coin dealers) would be making them. Perhaps they are.
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 03/14/2010  12:35 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Ask any dealer, CAC stickered coins bring more money and many collectors will not consider a coin that is not CAC stickered.

The stickers do add value. CAC has an online database of the coins they have certified. It is very easy to check your coin versus CAC's database making it more difficult to counterfeit because of the double check ( TPG & CAC).
ANA #R3154474
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/14/2010  12:17 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
CAC is necessary because of things like this:

CAC-Certified-Acceptance-Corporation

CAC-Certified-Acceptance-Corporation

CAC-Certified-Acceptance-Corporation

I paid strong money for this VAM because at the time (and still) there were only about 4 in a higher grade. As you can see, buying it in a PCGS slab was no guarantee of originality. Now, I'm not saying that PCGS does this frequently. But, if you're gonna drop $2500 on a coin rather than the $100 I lost on this one, doesn't this introduce enough doubt for you to wonder?

CAC wouldn't be necessary if the TPG's didn't drop the ball and if they graded consistently. Neither is true.
Valued Member
Stephen420's Avatar
United States
411 Posts
 Posted 03/19/2010  9:10 pm  Show Profile   Bookmark this reply Add Stephen420 to your friends list Get a Link to this Reply
I have three coins with CAC stickers in my Type Set. They're all very appealing. Each of them does seem to have a special something - something you can point to and say "that's why it got the sticker." I had very little idea what, if anything, the sticker was supposed to imply. I just guessed a CAC sticker was kind of like an NGC star: It indicated especially striking eye appeal. But I went to their website today and their statements about what they do seem almost to emphasize that that is NOT what they are.

I'm obviously paraphrasing here and certainly may have misunderstood any or all of what I was reading, but anyway: They say they imagine an accurately graded coin in three levels 1. Spectacular for the grade. 2. A solid example of a coin in that grade (presumably with no distractions or reasons for doubt), and 3. A coin that may or may arguably deserve the grade assigned, they are ordinary in every way. They say that they will give coins of the first two descriptions the shiny green stickers, and return the others un-stickered. They also provide the number of coins they've examined and the number that got stickers. It looked to be roughly 2/3 got stickered.

I don't have the money to lavish on it at this time, but I have a lot of coins I think would get stickers. (Ideally that should be ALL my coins, but alas, sometimes I just made a dumb decision.) I'm tempted to try it, just to see how their judgement compares with mine. That's also, incidentally, the main reason I send a coin to be graded in the first place, on the occasions I've done that.

  Previous TopicReplies: 6 / Views: 3,307Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.25 seconds to rattle this change. Forums