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Testing CAC First time to see its legitimacy
robbylu52
Posts: 287 ✭✭✭
I am sending 5 coins to CAC as a test not only for my own validation but to see how legitimate they are, or if they sticker coins they want to buy or promote for their own interests
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In before the !POOF!
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Coins are as follows: 1945 ms 65 walker 1926 ms 65 buffao 1935 ms66 red lincoln and a 1942 ms65 fb mercury
Also a 1960 cam 67 Franklin. All coins above average luster, very minimal marks fully struck super eye appeal. If not at least most green stickered I will conclude CAC Is phony
The proposed design of your rigorous scientific study will certainly answer the question once and for all.
Will be happy to post photos if anybody wants to see these coins.
Me thinks you've tipped them off.
What do you mean?
Are you serious Bryce M or making fun?
Please!
This is no joke. Took me a few months to assemble these 5 coins from DLRC having returned a few that weren’t super appealing, after spending many days and hours looking at their coins
To an untrained eye they could have passed for 66 grades and there are probably quite a few similar to my coins that have made it into 66 holders, all are pcgs graded btw
I will post the results in a few weeks expecting all or 4/5 to green sticker
The market confirmed the legitimacy of CAC a long time ago. A five coin submission may be a useful educational experience for you, but it will not add to the knowledge already conveyed by the market.
Yep... IBTL
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
It will be useful of course to me but if it makes some useful input to the people who scratch their heads on why their coins didn’t green sticker, just letting them know that these are the strictest common coins you could imagine for the grade that are being submitted by me, and if they don’t sticker I will never understand their thinking unless it’s politics and self promotion
So...where are your pictures?
There's a flaw in your plan. Your test of CAC only works if you assume that YOUR eye is accurate.
There is no need for you to test their "legitimacy", Mr. Market has already done that for you.
Feels like dejavu all over again.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I believe the coins are valued at Walker $105, Buffalo $220, Lincoln $60, Mercury Dime $45, Franklin Proof $85. These are full retail values from a price guide. Grey sheet shows a bump of $30 for the Buffalo. They do not show values for the other coins in the grades you posted. At least not in the printed edition.
That Mercury dime will not increase $10 in value. I believe that is true because occasionally I buy CAC coins. On less expensive Morgans, I have been able to buy them for the same as non stickered coins or maybe $10 more. This is for coins in the $100 to $500 range. Which is more than the coins you are sending in.
Even gold coins aren't getting big increases unless they are 4 or 5 figures and up. I bought three $2.50 Indians recently and they were all PCGS. Two had stickers and one did not. I paid $15 more for the ones with stickers than the one without. These were not high end but were $600 coins.
Just a little information that I hope will be of some use to you. From what I have seen, if you go 5 for 5 you will still pay more to get your stickers than they will increase in value.
In any case, it should be a fun experiment for you and I wish you luck with it.
Well I am not sure what qualifies as accurate. I have been collecting for 30 years, attended coin shows examining many coins, and picking very selectively. I also have a good eye as I have been a diamond dealer 40 years, trained with a 10x loupe so I do feel confident in my eyes viewing coins up to ms65.
Posting pictures first regular than blown up images
I don’t have professional grading experience but still fairly qualified as a seasoned collector like many of you. Not a neophyte
Good luck and be sure to let us know how you make out. JA will tell you why a coin didn't CAC if you ask him.
Worry is the interest you pay on a debt you may not owe.
Bueno suerte
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
That is a pittance of experience compared to John Albanese who has looked at literally millions of coins and helped to create the slabbed grading system.
No offense, but your experiment can only have two outcomes, both of which are a test of you not CAC. If CAC agrees with you, then kudos. Your eye is accurate. If CAC disagrees with you, I'm sorry to tell you that almost the entire coin market feels that your eye is not accurate.
Oh dear.
What’s the dark area to the right of the 2 in the date? It looks like a carbon fleck. And what are the dark areas on each side of the Y in LIBERTY?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
IBTL ... good luck !
Top 10 Cal Fractional Type Set
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Liberty’s outstretched arm looks like it was in some type of accident.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
What a joke
Latin American Collection
Sorry photo not perfect from my phone. Absolutely no carbon on dime or any coin in this small collection. No carbon debris, spots uneven toning, nada. Mercury dime has slight luster break near edge but looks absolutely like a coin out of a roll, spectacular luster.!Walking liberty absolutely full strike like a proof coin, fully lustrous, with minor chatter in right field, but not distracting for a ms 65 seen some 66 with more chatter. Walking liberty photo not as sharp as others, caught the reflection of my incandescent light bulb mark Feld
So if one the most respected graders in numismatics does not agree with you, then you conclude that CAC is not legit?? How about if he does not agree with you then you dive deeper into why and maybe you will learn something?
Very well said.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Buffalo light-medium toning very strong luster great strike, consistent with a 1926 coin no distracting marks, but above average still, 1935 ms 65 red blazing fresh luster 100% red not 1 carbon spot fully struck. Franklin Cameo 100% untoned without any spots or haze, black and white look. That’s the rest Mark.
This is like saying "I'm going to buy some stuff at Walmart to see if that chain store is a passing fad".
10-4,
My Instagram picturesErik
My registry sets
We certainly need one of those 'shaking my head' emoji's.......
Cheers, RickO
Is it possible JA favors coins he likes or sells or promotes with his own customers. Just asking I don’t know him well outside of knowing he is a world class grader
I didn’t say I didn’t respect JA opinions over my very limited expertise. Just know these few 65 coins are top notch. I comment on what I personally understand well and can see after looking at hundreds of other similar coins in the same grade and series being advertised by coin companies. I compared a few hundred photos and looked at many low eye appeal average coins at shows to make my conclusions. I don’t profess any special knowledge outside 20th century type coins which I mainly collect
What makes you think DLRC did not already attempt to have them stickered? If not then they felt them to be unworthy.
What makes you think JA hasn't seen your post?
“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto
CAC evaluates and stickers all sorts of coins that they’d have no interest in handling. And a very large portion of their business is done on a wholesale basis. They are not a promoter in the sense that the word is typically used.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.