Another grading company I have never heard of (with an actually pretty attractive coin). "CAAC"?
braddick
Posts: 24,219 ✭✭✭✭✭
braddick
Posts: 24,219 ✭✭✭✭✭
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Their website was registered end of August 2021.
No joke, this is the address:
ANA 50 year/Life Member (now "Emeritus")
Been around a long time. Civil Aviation Administration of China (CAAC). Just branching out into coin certification, now
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
Looks like a self slabber using slabs purchased from Alibaba most likely.
Now that looks to be a quality organization with a top notch facility.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
What is or was the selling price?
Maybe we could refer our friends with the rare, one of a kind pocket found rarities, a place to have their coin slabbed. Lol
Wayne
Kennedys are my quest...
THIS IS FROM THEIR WEBSITE:
About Us
Aaron King founded Certified Asset Assurance Company (CAAC) in 2007; the company's initial focus was to provide customers with the highest quality coins and collectibles available on the market at an affordable cost. Aaron studied at the American Numismatic Associations Florence Schook School of Numismatics in Colorado Springs, earning a diploma as a Numismatic Scholar while studying counterfeit detection, grading, and many other coins and currency-related subjects. He later worked for two of the world's most extensive third-party grading services, eventually becoming a finalizer and die, variety specialist.
Aaron and a team of professional numismatists, each with at least 20 years of experience in coin collecting and conducting business within the numismatic industry, believed there was a need for an affordable, budget-friendly, and completely independent third-party certification service.
In 2016, Certified Asset Assurance Company moved its focus from selling coins and collectibles to grading and preserving them in secure holders to assure asset protection and value within the market.
Beginning in August 2021, CAAC started authenticating and grading trading cards. We now employ (5) professional card graders and (2) professional autograph authenticators (graphologists).
At CAAC, our goal is to provide customers with an affordable solution to coin and collectible authentication and grading. We focus on the collector, not the market! We also strive to provide 100% accurate, non-biased opinions and grades every time, regardless of who is submitting to us. When choosing CAAC, our loyal customers have made a great choice! Your collectible assets are given the highest degree of care possible while in our possession, and we will make every effort to guarantee 100% accuracy while rendering an opinion.
CAAC also offers some of the fastest turnaround times in the industry at a fraction of the cost. We do not require membership, and we strive to make the process of having your collectible assets graded and authenticated as pleasant as possible.
Coming soon to CAAC: Paper Money Certification, Comic Book Certification, Certified Jewelry & Collectibles Appraisals, Consignment Services, and much more! Check back often for updates.
peacockcoins
"...will make every effort to guarantee...."
"Got a flaming heart, can't get my fill"
I'm guessing that CAAC61 won't become a CAAC61CAC.
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Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
I saw it listed at $95 or best offer. Then it was lowered to $75 or best offer before it sold (not sure if it was at the full 75 or a lower amount).
If I started a grading company I would call it CACACACACAC Certified Acceptable Coins And Currency And Countfeit Avoidance Corporation of America / Canada. Pronounced Cack-ack-ack-ack-ack.
Instagram
Oh boy…
One side is for slabbing coins, the other for cooking meth.
That might just be an 8 year old Google pic. And a new one of their brand new build hasn’t been made yet.
Still the coin looks gassed.
You sure that isn't the Cincinnati Allergy and Asthma Center or Charlotte Amateur Astronomers Club (real sites)?
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Tell me, who in their right mind would even think of robbing that place?
The meth customers ??
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Upon checking their address listed on their website with Google maps, that is clearly not the building I come up with. Their listed address is actually the PO on Lincoln Ave. Perhaps 211 W. Lincoln Avenue Chandler, Indiana is that run down building in your version of maps?
Your hobby is supposed to be your therapy, not the reason you need it.
Interesting and obviously they see the opportunity in a hot market that apparently has room for more players. If they play their cards right as it pertains to grading and customer satisfaction along with all forms of marketing and quality assurance then they will do well.
What I still fail to understand is why coin grading is always considered an opinion or that it is subjective?
Many collectors here on the forum have their own set of standards when it comes to what is or isn’t acceptable for the grade. So why can’t the TPGs do the same.
I don’t get/understand the resubmission process especially within the same organization where they all should be grading by the same standards and therefore the coin should be given the correct grade once and every time.
Is it simply a ploy to make more money or are the graders just not on the same page.
They do make hint of this on the about us page.
Billy Joel would like to incorporate this new grading company into one of his songs.
I looked up the address they used in their domain Whois record.
ANA 50 year/Life Member (now "Emeritus")
Because it is. No objective set of standards has ever been developed, applied, and remained consistent for long.
They do. PCGS used to have a grading set of coins deemed exactly for the grade across many series. They moved to hires pictures and sold off the grade set coins - if you ever see one with a G### in the middle of the label, that's a former grade set coin.
You've never changed your opinion about anything over time?
No comment, other than to observe that the total population of older coins is not increasing and the TPGs are/were publically traded companies with Wall Street's expectations of grow or die.
ANA 50 year/Life Member (now "Emeritus")
“pretty” ???
Pretty baked. 🤓
@BStrauss3 Thank you for the explanations that does help my understanding some what.
It seems the standards have increased recently based on my last few submissions. I don’t know maybe I have missed some intricate anomalies and am simply still learning.
Nonetheless, I think I will put together an order of resubmissions, maybe 20 to 30 that I believe to be better than labeled. Although I may wait until my current orders grades come in as they might help steer that decision.
For the best results would you suggest cracking or submitting in the slab?
I don’t know if it matters but most of them are true viewed.
Thanks again.
Sorry for the hijacking Braddick
Conversations evolve and I’m sponging
Edit, btw 61 seems low I’m thinking 64 before the color was added.
Looks like I was off and it didn't sell at $75. The listing ended without a sale and has now been relisted at $49
https://www.ebay.com/itm/294789743773
Sold
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I went ahead and picked it up so we could all have a closer look at it.
Then I may send them some business, buy the coin not the label right?
It might be kind of cool to not wait 100 days while paying less. At least for the small fries I don’t plan on selling anyway.
We’ll have to see where it goes or as Rodney Dangerfield used to say.
No respect!
EDIT: So much for that idea...
You could save even more time and money and see the same lack of change in value of your coins by just keeping them as they are right now.
That penny is the same colors as the CAAC colors on the insert. Saving money on paint.
Pronounced Cack-ack-ack-ack-ack.
Isn't that from the movie "Mars Attacks"?
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It appears to be a legitimate attempt at launching a TPG. Perhaps we should allow them the time to demonstrate their expertise and acumen. After all, it was not that many years ago that JA launched CAC - and, as I recall - met with a great deal of ridicule mixed with some positive expectations. Look where it is today!! I will wait and see... They will certainly get some business and results will build their reputation and eventual success or failure. Cheers, RickO
Hopefully it rattles
Had some time to kill this morning and went down a bit of an internet sleuthing rabbit hole, and what I found is interesting enough to share and bring to the attention of the community. I am simply sharing this information and the way I located it, and how I tied a few things together. I am not drawing any conclusions or making any accusations. Anyway, here’s what I found.
On the official CAAC website, under the “About Us” section, it reads: Aaron King founded Certified Asset Assurance Company (CAAC) in 2007, the company's initial focus was to provide customers with the highest quality coins and collectibles available on the market at an affordable cost.
That got me curious about who Aaron King is, and whether there were details about his background available online, which would help support the credibility of this “new” service. I Googled “Aaron King Numismatist” and a few interesting results came up:
Naturally, that last one caught my attention, especially since the location was cited as Evansville IN, which is just one town over from Chander IN, where CAAC officially lists its location (at a post office). I'll let folks read that thread on their own, but what stuck out to me was the three names that were cited in the complaint — BK Numismatics, BK Auctions, and Blake Aaron King. My efforts then turned to answering the question, is Blake Aaron King one and the same with the Aaron King listed as the founder of CAAC?
I decided to do a web domain registration search on https://www.networksolutions.com/whois — lo and behold, the registrant is listed as "Blake King":
Going back to the coin community post, the OP mentions that he found mugshots of the individual, so I set out to locate those. Here are the Arrests.Org Public Records, which show multiple arrests for "theft", "counterfeiting", "impersonation of a public servant" and "forgery" — the location is Evansville, IN.
Now, compare the mugshots to the LinkedIn photo that's associated with the "Aaron King" who owns CAAC:
I will restate that I am not making a direct accusation here, simply presenting the research and information that I was able to locate on the topic.
Nothing is as expensive as free money.
Damn...Good investigative work! I just did a search on been verified and the same person comes and not only with the criminal records but also a couple of emails that include "coin" and "collectibles".
And like you I cannot or will not confirm these are the same people...
Coins in third world slabs should always be treated like they are raw coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Curious does this guy have other listings with similar looking color on them?
No, someone posted the eBay listing and I checked…the seller also states in the description that they’ve never heard of that company, so they do not appear to be affiliated in any way.
Nothing is as expensive as free money.
Well look at it this way he keeps clean for a year or two after ea arrest. Maybe it took him that long to plan a out his new scam. I can see him now in his jail cell well that didn’t work.
Hoard the keys.
Awesome investigation work.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Rule #1 on LinkedIn is do not use your mug shot on your profile.
ANA 50 year/Life Member (now "Emeritus")
Way to go Columbo.
Nice research.
We can all draw our own conclusions be it fair or foul.
Wayne
Kennedys are my quest...
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
No doubt an astute business man,,,,,, he is keeping his overhead costs low so he can pass the savings on to his customers in lower prices for his product
Darn my friend was looking forward to the look on your face when you attempted to sell your coins in this slab.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Yeah...Can we just pretend that never happened. I take back everything.
You know I see what I see they always tell me don’t judge a book by it’s cover, but when I see a book that says “How to still from some one” well I can guess what is in side. Not saying I won’t give some one a chance to show me definitely but I will tread lightly and keep them close.
Hoard the keys.
Haha, I’ll take that
Nothing is as expensive as free money.
Hey, 4 full steps!
Ok, that was good
Nothing is as expensive as free money.
211 W. Lincoln Avenue
Chandler, Indiana
is the address of the US Post Office
.
edited to add - as @Luxor said above
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