@Insider2 said: @astrorat said: "To sum it up ... PCGS and NGC provide an opinion on a coin's grade. CAC provides an opinion on a coin already graded by PCGS and NGC."
I think it is necessary to include (as I understand it): "...already graded by PCGS and NGC that is high end for each of their coins with the correctly assigned grade already."
Your edit that you felt was necessary, only speaks to coins which CAC stickers. It doesn’t cover those CAC opinions which result in the lack of a sticker.
That's because we are writing about THOSE COINS! However, if you have found a way to tell which coins were sent to CAC and failed to sticker. Show us one.
You had replied to a post that stated "To sum it up ... PCGS and NGC provide an opinion on a coin's grade. CAC provides an opinion on a coin already graded by PCGS and NGC."
CAC's opinions aren't restricted only to positive ones, accompanied by stickers. You severely narrowed what was being written about.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Insider2 said:
Is there anything posted below that you guys don't agree with?
Grading is subjective.
2 . Some folks are better graders than others.
3 . Some folks may "miss" something on a coin that COULD change its grade.
Some folks have no idea how to grade a coin.
Some folks have no idea how to authenticate a coin.
PCGS was founded by professionals who bought and sold coins.
NGC was a spin-off from PCGS.
NGC & PCGS are considered to be the two top TPGS's.
NGC & PCGS have made errors in authentication and grading.
Some overlap between grades can occur due to many various reasons.
Excluding any overlap, within each grade range there is a bottom, middle, and a top.
CAC claims to differentiate the middle and top range of coins in each grade.
CAC has made errors also.
We are lucky to have TPGS's. If you cannot grade, CAC provides another layer of insurance. THE ONLY PROBLEM I have with CAC - actually two...
They don't put a sticker on every correctly graded coin no matter if it "just makes it" or "may be higher." However, I totally understand why they don't do that.
They don't put a sticker on ANY graded coins including major 2nd tier services and fly-by-nights. However, I totally understand why they don't do that either.
So please stop bitching about CAC. If you don't like it don't use their service or don't pay extra for CAC stickers!
I don’t agree that “ 7. NGC was a spin-off from PCGS.”
Thanks for the clarification. I just looked up the word I used and think I used it properly. AFAIK, former PCGS graders who lived in NJ started NGC for various reasons.
@blitzdude said:
We need a ruby level $5000 sticker. One where only Christmas card recipients of ja can even put their little eyes on the coin. I'm done with it. This cacs ruined our great hobby.
I don't understand folks who hate CAC. Is it because:
@Insider2 said:
Is there anything posted below that you guys don't agree with?
Grading is subjective.
2 . Some folks are better graders than others.
3 . Some folks may "miss" something on a coin that COULD change its grade.
Some folks have no idea how to grade a coin.
Some folks have no idea how to authenticate a coin.
PCGS was founded by professionals who bought and sold coins.
NGC was a spin-off from PCGS.
NGC & PCGS are considered to be the two top TPGS's.
NGC & PCGS have made errors in authentication and grading.
Some overlap between grades can occur due to many various reasons.
Excluding any overlap, within each grade range there is a bottom, middle, and a top.
CAC claims to differentiate the middle and top range of coins in each grade.
CAC has made errors also.
We are lucky to have TPGS's. If you cannot grade, CAC provides another layer of insurance. THE ONLY PROBLEM I have with CAC - actually two...
They don't put a sticker on every correctly graded coin no matter if it "just makes it" or "may be higher." However, I totally understand why they don't do that.
They don't put a sticker on ANY graded coins including major 2nd tier services and fly-by-nights. However, I totally understand why they don't do that either.
So please stop bitching about CAC. If you don't like it don't use their service or don't pay extra for CAC stickers!
I don’t agree that “ 7. NGC was a spin-off from PCGS.”
Thanks for the clarification. I just looked up the word I used and think I used it properly. AFAIK, former PCGS graders who lived in NJ started NGC for various reasons.
I believe it was just one such person, who was affiliated with PCGS and for only a short time - JA.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@CoinJunkie said: "What exactly is a "correctly graded" coin?"
PLEASE...don't be silly. I'll bet YOU have no trouble detecting a "correctly" graded coin (see below). Additionally, I'll bet you could have posted a marvelous answer to this question without asking me to do it for you. Otherwise, my perception of you might be wrong.
Try this test for yourself, Cover the labels of every PCGS and NGC coin you get a hold of. If you gess the grade on the label 90% or more, I think you'll qualify to know what a "correctly graded" coin is.
@CoinJunkie continued: "Even if all of those standards were identical, a "correctly graded" coin may not be a desirable coin (to some INDIVIDUAL collector) for any number of reasons."
AMEN!!! And that my friend, is one reason why there is a need for TPGS, CAC, and better numismatic education.
@blitzdude said:
We need a ruby level $5000 sticker. One where only Christmas card recipients of ja can even put their little eyes on the coin. I'm done with it. This cacs ruined our great hobby.
I don't understand folks who hate CAC. Is it because:
They had a bad experience.
CAC can increase the cost of a coin.
There are less coins to crack out.
They are jealous of JA and his genius idea.
Other
He did have a genius idea! I didn't know what CAC was, now I do. I may or may not use them, but I know what they are.
Comments
You had replied to a post that stated "To sum it up ... PCGS and NGC provide an opinion on a coin's grade. CAC provides an opinion on a coin already graded by PCGS and NGC."
CAC's opinions aren't restricted only to positive ones, accompanied by stickers. You severely narrowed what was being written about.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks for the clarification. I just looked up the word I used and think I used it properly. AFAIK, former PCGS graders who lived in NJ started NGC for various reasons.
I don't understand folks who hate CAC. Is it because:
I believe it was just one such person, who was affiliated with PCGS and for only a short time - JA.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@CoinJunkie said: "What exactly is a "correctly graded" coin?"
PLEASE...don't be silly. I'll bet YOU have no trouble detecting a "correctly" graded coin (see below). Additionally, I'll bet you could have posted a marvelous answer to this question without asking me to do it for you. Otherwise, my perception of you might be wrong.
Try this test for yourself, Cover the labels of every PCGS and NGC coin you get a hold of. If you gess the grade on the label 90% or more, I think you'll qualify to know what a "correctly graded" coin is.
@CoinJunkie continued: "Even if all of those standards were identical, a "correctly graded" coin may not be a desirable coin (to some INDIVIDUAL collector) for any number of reasons."
AMEN!!! And that my friend, is one reason why there is a need for TPGS, CAC, and better numismatic education.
He did have a genius idea! I didn't know what CAC was, now I do. I may or may not use them, but I know what they are.
I've now decided I now like them.
My preference is opposite JA so I don't have to bid against his followers.
Kinda makes me scratch my head sometimes though.
My Saint Set