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Let's finally clear up the CAC myths.

Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭
in U.S. Coin Forum

I was getting blasted again in another thread about CAC facts. Even though their website clearly spells out what it means to have them award a sticker, the stubborn refuse to believe it. I called John and we talked for a long while and I have his permission to state this:

-John grades a coin based SOLELY on if it is solid for the assigned grade and NEVER based on if he would or wants to buy the coin. He said "it's plain old CRAZY if someone believes any different." The example he gave was while we talked he was in the process of stickering some really nice high end newer Lincoln's. He didn't want any of them, yet they received the stickers. (There is no read between the lines or hidden messages, it is Black and White.)

-He will make an offer on any CAC coin as a courtesy, but you will generally do better at auction since he is a wholesaler. Buying happens, but a lot less than you might think. (I have had a ton of coins get stickered over the years and John has not bought a single one, or even asked)

-My personal question that was answered and I found interesting: If a coin, for example, is MS67 Green CAC. You crack it out and it comes back MS66. It will not automatically get a Gold sticker. The coin would have to be the highest end of 67 or even a 68 to get the Gold. (This reaffirms my opinion on my personal Gold stickered coins. Most look 2 grades under)

-There is a plan in place if he ever retires, but I am not going to say what it is, since I didn't ask if I could. I was happy with the plan though.

If you still don't believe me or his website, call him.

«134567

Comments

  • segojasegoja Posts: 6,141 ✭✭✭✭

    Well stated. That's exactly how I understand CAC and its my experience as well

    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

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  • BGBG Posts: 1,762 ✭✭✭✭✭

    I've called and talked to John also about some coins and he even bought a Peace Dollar from me with no loss to me.

    I agree with both above.

  • ChrisH821ChrisH821 Posts: 6,632 ✭✭✭✭✭

    YES!

    Collector, occasional seller

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    :D

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Coinstartled said:
    This is a thread where a non post is the best option.

    Unless it's approved. :p

  • Coin FinderCoin Finder Posts: 7,306 ✭✭✭✭✭

    I don't believe it!! Its pure conjecture!!

    Good Job Wabbit! I agree, also nice job on getting gold stickers. I have not received one yet in 5 years...

  • Desert MoonDesert Moon Posts: 5,955 ✭✭✭✭✭

    I have 3 gold stickers, good to know....... Thanks Wabbit!

    My online coin store - https://desertmoonnm.com/
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
    edited December 5, 2018 5:23PM

    -My personal question that was answered and I found interesting: If a coin, for example, is MS67 Green CAC. You crack it out and it comes back MS66. It will not automatically get a Gold sticker. The coin would have to be the highest end of 67 or even a 68 to get the Gold. (This reaffirms my opinion on my personal Gold stickered coins. Most look 2 grades under)

    --Why the hell doesn't he just offer full service grading without all the coding and mystery?

  • ReadyFireAimReadyFireAim Posts: 1,832 ✭✭✭✭✭

    CAC coins upgrade & CAC coins cross.

    My Saint Set

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    And a dozen years in...we are still deciphering what two stickers mean. When you get a coin back from PCGS you know what the grade or designation means.

    I better pour a glass of eggnog.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @ms70 said: "The new rules here say I must agree and like it."

    I hope you are joking as your post is funny. However, if not, what do you disagree with in the OP's post?

    @BryceM said: "I like your approach. Call the people and get it straight from them. Novel technique. I wonder if would work for other aspects of life."

    I tend to judge a company by who you can talk with when you call. The new rules prevent me from continuing to comment on this subject. :wink:

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    ...and how about JA creates his own forum or at least a managed Q&A platform instead of transmitting through mediums.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Coinstartled said: " ...and how about JA creates his own forum or at least a managed Q&A platform instead of transmitting through mediums."

    For what? The medium is the telephone. It has been around a long time. Give it a try. :p

  • bolivarshagnastybolivarshagnasty Posts: 7,352 ✭✭✭✭✭

    Thanks for taking the time. I hate misinformation.

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    @Coinstartled said:
    -My personal question that was answered and I found interesting: If a coin, for example, is MS67 Green CAC. You crack it out and it comes back MS66. It will not automatically get a Gold sticker. The coin would have to be the highest end of 67 or even a 68 to get the Gold. (This reaffirms my opinion on my personal Gold stickered coins. Most look 2 grades under)

    --Why the hell doesn't he just offer full service grading without all the coding and mystery?

    Guarantees and liabilities

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    @Coinstartled said:
    And a dozen years in...we are still deciphering what two stickers mean. When you get a coin back from PCGS you know what the grade or designation means.

    Not always :D

    Altered surfaces - how so? tooled? whizzed?

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    And the super secret line of succession? Watching CAC coins being bid up to 20-30% premium over non anointed coins. JA retires and the whole game could go poof. Albanese has been elevated as the single best pair of eyes in the hobby, who can possible step in to replace him?

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭
    edited December 5, 2018 6:29PM

    Amusing it seems .......... if CAC needs to CAC themselves for several tiers ?

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited December 5, 2018 6:41PM

    @blitzdude said:
    Still seems absurd that someone wants to pay for a sticker that says someone agrees with the grade that someone already paid for to have graded in a slab. Crazy, crazy, crazy world we live in.

    Still boils down to a second opinion. The Director of the first TPGS, Charles Hoskins, welcomed the news that the ANA was going to publish a grading guide and start grading coins. He believed that grading was subjective and everyone should be able to get a second opinion from a different source. That's why the INSAB grading opinion was issued on a separate card from the Certificate of Authentication & the grade opinion was FREE.

    Within about ten years, PCGS came along with a better "mousetrap," business model, and grading standards that were based on how coins were graded in the commercial market. I had to look for another position. :(

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Insider2 said:
    @Coinstartled said: " ...and how about JA creates his own forum or at least a managed Q&A platform instead of transmitting through mediums."

    For what? The medium is the telephone. It has been around a long time. Give it a try. :p

    Laura, TDN and now Wabbit have been the CU forum mouthpieces for CAC. Should I call JA each Sunday night as I consider bidding at Great Collections and inquire which coins have failed and which were never evaluated?

    The winners are proudly displayed. The losers buried in a non public database.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Coinstartled says he is truly confused.

    Helpful Suggestion from your CU buddy <3

    Tomorrow afternoon, call CAC at 908-781-9101. Leave a message for JA. Tell him you are a member here on CU and ask if he would please call you at his convenience when he has some time to answer a few questions about his company. Please let us know if it helped. :)

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Coinstartled said:
    ...and how about JA creates his own forum or at least a managed Q&A platform instead of transmitting through mediums.

    Like Pravda was for Russia? ;)

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Thank you for the number, insider1.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Coinstartled said:

    @Insider2 said:
    @Coinstartled said: " ...and how about JA creates his own forum or at least a managed Q&A platform instead of transmitting through mediums."

    For what? The medium is the telephone. It has been around a long time. Give it a try. :p

    Laura, TDN and now Wabbit have been the CU forum mouthpieces for CAC. Should I call JA each Sunday night as I consider bidding at Great Collections and inquire which coins have failed and which were never evaluated?

    The winners are proudly displayed. The losers buried in a non public database.

    Well, you do have a telephone. Hope you take my suggestion. <3

    As for the libel you have posted, I'll say "Wow, I need to change my name." YOU are the "insider!" Unfortunately, your accusation may stir up Medusa and the other Gods enough to close the thread!

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Good information, thanks !!! :)

    Timbuk3
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Libel accusation? good grief.

    I'll see if Barry Scheck is taking new clients.

    :/

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Coinstartled said:
    Thank you for the number, insider1.

    You are welcome. I had to do an Internet search for the CAC phone number because JA's cell phone was turned off for the night, Laura is at dinner with a client, and Bruce is out of town. Now, that "fanciful post" tops yours by a mile.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Trick-keeeee. ;)

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @Coinstartled said: "Libel accusation? good grief."

    Yeah, you weaseled out just enough so as not to actually imply something shady was going on with CAC and members here.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @Insider2 said:
    @Coinstartled said: "Libel accusation? good grief."

    Yeah, you weaseled out just enough so as not to actually imply something shady was going on with CAC and members here.

    Keep it up and we can play pinochle in Ban land.

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    let 's take a break & have a drink B)

  • RonyahskiRonyahski Posts: 3,118 ✭✭✭✭✭

    @Paradisefound said:

    let 's take a break & have a drink B)

    Beat you to it

    Some refer to overgraded slabs as Coffins. I like to think of them as Happy Coins.
  • AkbeezAkbeez Posts: 2,696 ✭✭✭✭✭

    Goes with another coin post here today.

    Now I think Milton Berle would have said "it's raining in great neck" about now along with the reported white reindeer sightings... :)

    Refs: MCM,Fivecents,Julio,Robman,Endzone,Coiny,Agentjim007,Musky1011,holeinone1972,Tdec1000,Type2,bumanchu, Metalsman,Wondercoin,Pitboss,Tomohawk,carew4me,segoja,thebigeng,jlc_coin,mbogoman,sportsmod,dragon,tychojoe,Schmitz7,claychaser, Bullsitter, robeck, Nickpatton, jwitten, and many OTHERS
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    "Stirred .... not shaken" for me B)

This discussion has been closed.