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If CAC is a market maker where is their market (sell side)

I keep hearing they bought 500 million dollars worth of coins where can I buy some of these?

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  • cameonut2011cameonut2011 Posts: 10,060 ✭✭✭✭✭

    Blanchard & Co. or at least that is my understanding.

  • tradedollarnuttradedollarnut Posts: 20,146 ✭✭✭✭✭

    @cameonut2011 said:
    Blanchard & Co. or at least that is my understanding.

    One of many

  • leothelyonleothelyon Posts: 8,349 ✭✭✭✭✭

    I imagine all the dealers at big shows that have nothing but green bean slabs in their show cases.
    How does that work, come again?

    Leo ;)

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • specialistspecialist Posts: 956 ✭✭✭✭✭

    he sells to many diff dealers. Many of them are retailers. his mark ups are ridiculously low. he is all about preserving market. and helping the dealers too.

    he has the most bids of any one anywhere on the systems. Want to sell him a PCGS CAC MS66 Saint? His bid is $3,450.00-for 990!!!! I don't even have a bid right now!

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭

  • tradedollarnuttradedollarnut Posts: 20,146 ✭✭✭✭✭

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

  • GluggoGluggo Posts: 3,566 ✭✭✭✭✭
    edited February 27, 2019 7:46AM

    Uhhhh Ohhhhh! :*:*:*

  • chesterbchesterb Posts: 961 ✭✭✭✭✭

    These threads are really bordering on frustrating. Why rehash this junk over and over? A wholesaler is a wholesaler. The coins eventually trickle down to the retailers who sell to collectors. But you guys probably knew that and just choose to argue for argument sake. Uggh. :s

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    I am curious what your experience has been with CAC? Have you ever sent in coins to be reviewed to CAC? How did it go?

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    No I have never sent any coin to CAC. I have sent to our host and to the other side.

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

    @specialist said:
    he sells to many diff dealers. Many of them are retailers. his mark ups are ridiculously low. he is all about preserving market. and helping the dealers too.

    he has the most bids of any one anywhere on the systems. Want to sell him a PCGS CAC MS66 Saint? His bid is $3,450.00-for 990!!!! I don't even have a bid right now!

    Perfect business sense. "Turnover" is the name of the game . :)

  • ashelandasheland Posts: 22,612 ✭✭✭✭✭

    Great thread! >:)

  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭

    @AlexinPA said:

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    I think I can answer this one. The coin industry is a vast eco-system of dealers, collectors, marketers, support organizations, wholesalers and academics. Each one of those categories have numerous variants all of which are essential to the survival of our industry. John is part of multiple categories. He makes a market and provides liquidity to significant parts of the market. Sure he does not sell wheat cents to a young collector. However, that is not what he does. What he does, allows other segments of the market to service those clients. A mom and pop shop can buy coins and sell them into the market he supports. By making money there, those small shops can afford the resources to help the children.

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    He does NOT have a retail outlet. He is wholesale only.

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    @AlexinPA said:

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    You are making an issue out of nonsense. Do you buy Tide detergent from the manufacturer or your retailer?

  • BAJJERFANBAJJERFAN Posts: 30,977 ✭✭✭✭✭

    A better question would be how many coins or dollars would it take to buy directly from JA.

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

    I'd wager that with the snowballing demand for CAC coins, the lines would be around the block with dealers ready to buy the coins for waiting and eager customers.
    :)

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    @jmlanzaf said:

    @AlexinPA said:

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    You are making an issue out of nonsense. Do you buy Tide detergent from the manufacturer or your retailer?

    A very intelligent comment. So, if it's about the collector it's nonsense but it has to be gospel if it's about the dealer? God help what is left of this hobby.

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    @BAJJERFAN said:
    A better question would be how many coins or dollars would it take to buy directly from JA.

    A delaer can join CDNExchange or any of the other coin exchanges. It'll cost you a couple hundred per month to take a look at the offerings, but there are no transaction fees.

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    You are making an issue out of nonsense. Do you buy Tide detergent from the manufacturer or your retailer?

    A very intelligent comment. So, if it's about the collector it's nonsense but it has to be gospel if it's about the dealer? God help what is left of this hobby.

    The nonsense part is that you are criticizing a wholesaler for being a wholesaler. My analogy was quite intelligent and apt, I'm sorry that you can't see past your rage. A wholesaler chooses to sell wholesale to dealers because they don't want to be bothered with a retail operation with a lot of small buyers. There are a LOT of them, not just JA and his partners. It is a business decision he has made. I'm not sure why you are angry at him for his business decision.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @AlexinPA said:

    @jmlanzaf said:

    @AlexinPA said:

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    You are making an issue out of nonsense. Do you buy Tide detergent from the manufacturer or your retailer?

    A very intelligent comment. So, if it's about the collector it's nonsense but it has to be gospel if it's about the dealer? God help what is left of this hobby.

    I have a hard time understanding any one who thinks getting another opinion is not a good idea. Further, a second opinion from someone (JA) that everyone agrees is very knowledgeable. Also, no one is forcing you to get a second opinion but apparently you don't like others being able to get that from CAC. Finally, you said you never have sent in any coins to CAC---maybe you should try it. You may change your mind.

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    @Aotearoa said:
    If we had a separate CAC forum, I would be less likely to foolishly give in to the temptation of reading these threads...

    Well, every now and then someone posts a coin picture on a CAC thread. LOL

  • coinbufcoinbuf Posts: 10,712 ✭✭✭✭✭

    @jmlanzaf said:

    @Aotearoa said:
    If we had a separate CAC forum, I would be less likely to foolishly give in to the temptation of reading these threads...

    Well, every now and then someone posts a coin picture on a CAC thread. LOL

    Excellent idea!

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • johnny9434johnny9434 Posts: 27,411 ✭✭✭✭✭

    I like the idea of cac and all but still like the idea as of learning to grade coin. after that if you want submit the coin to cac. jmo

  • leothelyonleothelyon Posts: 8,349 ✭✭✭✭✭

    So...I imagine sellers/dealers and buyers/collectors send coins to CAC and JA may buy some of those coins at reasonable prices that satisfy the other party. But to group those coins for a wholesale sale, it seems JA would need to take a 10% loss or whatever to sell at wholesale so the buyer of the lot can resale the coins individually back to the very kind of people who sold the coins to him in the first place and make a profit? I mean, JA would need to sticker a lot of dreck so it's thrown in with the wholesale lot if he's to profit on the more valuable coins, right? Can anyone here say, they have sold to JA and sometime later, they saw their coin at a dealer's table and what was the asking price?

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • marcmoishmarcmoish Posts: 6,209 ✭✭✭✭✭
    edited February 27, 2019 2:07PM

    Seriously love these CAC threads - this will never die :#

  • jmlanzafjmlanzaf Posts: 31,614 ✭✭✭✭✭

    @leothelyon said:
    So...I imagine sellers/dealers and buyers/collectors send coins to CAC and JA may buy some of those coins at reasonable prices that satisfy the other party. But to group those coins for a wholesale sale, it seems JA would need to take a 10% loss or whatever to sell at wholesale so the buyer of the lot can resale the coins individually back to the very kind of people who sold the coins to him in the first place and make a profit? I mean, JA would need to sticker a lot of dreck so it's thrown in with the wholesale lot if he's to profit on the more valuable coins, right? Can anyone here say, they have sold to JA and sometime later, they saw their coin at a dealer's table and what was the asking price?

    Leo

    It does NOT work that way. If you send in coins to be CACed. They get stickered or not. They don't get bought.

    JA posts wholesale buy prices on CDNExchange. If you then offer the coins to him, he will buy them at that price. He also lists sell prices on CDNExchange where you could buy. It's a normal bid/ask marketplace.

  • Cougar1978Cougar1978 Posts: 7,541 ✭✭✭✭✭
    edited February 27, 2019 2:47PM

    There are many CACcoins available to buy at shows, eBay (about 7100 items per recent search), auction houses GC, Heritage, etc. plus dealer ads in numismatic publications.

    I have a few CAC coins myself and have sold a number both online line and at shows. I recently offered a 1937-D PCGS 66 CAC Oregon to a person at a recent show $360 which is around CPG for the CAC 66 issue.

    Astute players are quietly getting non CAC coins caced where there is a material increase in value for CAC (using CAC CDN bid or simply cost plus to markup and retail to customers). An opportunity to find material per above - window may be shrinking as more players enter hunt. If

    My focus is finding nice coins that will sticker (Nice A&B material), CAC coin deals (auction, etc) to flip to my customers.

    So Cali Area - Coins & Currency
  • yspsalesyspsales Posts: 2,093 ✭✭✭✭✭

    @AlexinPA said:
    No I have never sent any coin to CAC. I have sent to our host and to the other side.

    Apparently they have closed collector memberships to CAC.

    Guessing you need a dealer to submit?

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    @yspsales said:

    @AlexinPA said:
    No I have never sent any coin to CAC. I have sent to our host and to the other side.

    Apparently they have closed collector memberships to CAC.

    Guessing you need a dealer to submit?

    Collector Memberships – Closed

    CAC is not accepting new Dealer or Collector Memberships at this time.

    John Albanese, founder and president of the company explains: “We don’t want to get completely overwhelmed. We’ve kept our prices friendly and our turnaround times favorable, and we want things to stay that way. Capping our membership for at least the rest of the year will give us a chance to consolidate our growth and assess where we’re headed in the future.”

    When membership is re-opened, we will post a notice on the site.

  • yspsalesyspsales Posts: 2,093 ✭✭✭✭✭

    Stupid question... Is JA the sole grader?

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • AblinkyAblinky Posts: 625 ✭✭✭

    @yspsales said:
    Stupid question... Is JA the sole grader?

    No, CAC has three other graders.

    Andrew Blinkiewicz-Heritage

  • yspsalesyspsales Posts: 2,093 ✭✭✭✭✭

    @Ablinky said:

    @yspsales said:
    Stupid question... Is JA the sole grader?

    No, CAC has three other graders.

    Thank you!

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    edited February 27, 2019 2:39PM

    CCCCAAAACCCC :D

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

    Or is it CCCCAAAACCCC B)

  • astroratastrorat Posts: 9,221 ✭✭✭✭✭

    CAC is essential ...

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • georgiacop50georgiacop50 Posts: 2,909 ✭✭✭✭

    That looks psychoactive astrorat!

  • ARCOARCO Posts: 4,305 ✭✭✭✭✭
    edited February 27, 2019 5:15PM

    I imagine that with enough time, there will be all sorts of extra stickers that one could put on their coins to show exceptionalism. Sort of like the five star general whose whole front of the uniform has medals and awards. :)

    Buyers will then demand the five-star general coins.

  • tradedollarnuttradedollarnut Posts: 20,146 ✭✭✭✭✭

    @AlexinPA said:

    @tradedollarnut said:

    @AlexinPA said:
    "he sells to many diff dealers". I'm sure he does and I would be beholding to know how many common collectors he sold to. I guess I'm just not in 'the circle'.

    Common collectors? None

    What part about being a wholesaler did you not understand?

    What part of "common collector" did you not understand? Do you even know the difference between a 'retailer' and a 'coin collector'? How many of these fantastic CAC coins can the new 15 year old collector, just starting out, afford to buy? I be interested in seeing a list of everything Mr. Albanese has done for the 'collector' versus what he has done for the 'retailer' coin dealer.

    Sorry - I should have realized from your posts that you’re 15 years old. My bad

  • astroratastrorat Posts: 9,221 ✭✭✭✭✭

    @georgiacop50 said:
    That looks psychoactive astrorat!

    I am waiting for the biochemists to chime in ...

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces

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