Recent CAC stats in relation to PCGS and NGC coins graded
SurfinxHI
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So, if 1.5 mlion coins have traveled through CAC in 14 years, that seems like a lot. And now everyone seems to think that all high dollar coins must have gone through the process. But what is high dollar? And what really is the threshold? Is it a grade or a value?
Personally, I think the vast majority of eligible coins that could go to CAC have NOT gone to CAC. I also think that likely 50% of coins over say, $25k have made the journey. But I would guess that less than 5%, maybe even 1% of eligible coins have ever done it.
Now, I'm saying that not knowing the raw number of coins graded by P or N that are eligible. But my guess is they each have graded 30+ million or more coins in those categories.
Change my mind.
Surf
Dead people tell interesting tales.
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1st paragraph, I think it's both the grade and the value
2nd paragraph,I think you are way off, I have around 15 coins that are valued less than $100 and they have a CAC sticker. Why would'nt someone with a high value coin send it in knowing that it would increase in value with that sticker on it!
3rd paragraph, 30+ million coins???
Mike
My Indians
Danco Set
I have a coin (with Judd number) which I paid ~$16k which shouldn't count as having been to CAC because they rejected it as not eligible for a determination.
At one time, I think PCGS had a report of how many coins they had graded over the years. I have not seen that figure in a long time and does not appear to be available. Without even considering resubmissions though, it certainly is in the high millions since they are processing around a quarter million in a thirty day period. Given that information, what has processed through CAC is miniscule compared to what could have or might be in the future. The TPG's and CAC are handling major quantities of coins, and it seems it will continue to increase in the future. Cheers, RickO
I agree with others that I see plenty of coins with a bean and there are plenty of collectors who just want beans for the entire collection. Yet given the amount of coins in TPG holders, and the cost, heck, even access to submit, can all reduce interest in submission let alone rejection of your pride and joy. I would also add there may have been a surge of submissions of just about anything early on when some folks felt EVERY bean would add tremendous valve. My opinion is that the market is a bit more stable over what really deserves the added extra value of a bean vs a coin without out one. We are all still learning.
WS
With respect, the OP is just making up numbers. And even if they were correct it wouldn’t be a meaningful comparison. CAC will only accept a small subset of coins NGC and PCGS grade. So you’d have to find info to determine how many the services graded of the type CAC accepts. I have no proof but I would suspect that over 50% of the items graded for quite some time is modern and/or bullion coins. Throw in other things like details grades and world coins and the number of meaningful coins to compare with CAC’s numbers are further impacted.
There are 4 million Morgan and Peace $s slabbed at PCGS and about 4.5 million at NGC. I doubt you get to 30 million overall, but the number is considerable. NGC has graded 1.8 million double eagles, for example and PCGS over 1.5 million.
Even so, I don’t think anyone would see the value in sending most of those into CAC due to grade or value. Also factor those ignorant of or opposed to CAC and the pool of coins goes down further.
A quick google search indicates both grading companies have slabbed over 40 and 50 million items each.
So….
I'm not sure on statistics without a professional doing that for accuracy based on specific criteria.
What is the motivation for submitting to cac? Economic, hobby-oriented, the ability to say to other hobbyists that you scored? Those that do not submit may have them in a safe deposit box and don't want to go through the trouble, risks with usps, etc.. If cac were to be set up at a show as they once did at "Coinplex" they would get those within driving distance anxious to submit.
I have eight coins in my Box of Twenty. Six coins, all valued from $1000 to $2000 have the highest eye appeal that will never be submitted to CAC. The other two coins have the sticker because they came to me that way. Please include my numbers in your calculations.😉
Matt Snebold
Will you change your mind when you go to sell???
Why would you not send in your "highest eye appeal" coins?
Mike
My Indians
Danco Set