Home› U.S. Coin Forum
Options

CAC question

TagTailTagTail Posts: 7 ✭
edited May 23, 2022 8:42AM in U.S. Coin Forum

After reading he entire CAC website I came to the realization that their entire business model is rooted in reasonable, intelligence-based, common-sense thinking. Okay, sorry....I realize this isn't the place for comedy.

Kidding aside; Tier 1 is for insured value up to $10,000.00. Tier 2 is for insured value over $10,000.00 but under $25,000.00. Tier 3 is for insured value over $25,000.00.

Does this mean if my insured value is $10,000.00 or $25,000.00 their "service" (there I go with comedy again) is free?

Maybe one of the CAC fish suckers money mongers supporters here could send them the following to use on their site: .01

Comments

  • TomBTomB Posts: 22,031 ✭✭✭✭✭

    You're at the top of the list of threads so I will respond, but I wouldn't if the thread were sunk. It's a Friday night and we have to have at least one weekly troll.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @TagTail ... Welcome aboard. You will find that CAC is a highly respected service that clearly adds value to coins when they approve them. Cheers, RickO

  • TurtleCatTurtleCat Posts: 4,628 ✭✭✭✭✭

    @TomB said:
    You're at the top of the list of threads so I will respond, but I wouldn't if the thread were sunk. It's a Friday night and we have to have at least one weekly troll.

    I suspect that it’s the same troll who has been here and banned multiple times.

    My otherwise contribution to the thread: most forum people are intelligent enough to decide whether or not CAC is for them.

    My personal opinion: I like CAC and I prefer it but I make my mind up on a coin by coin basis and sometimes my budget helps make the decision for me.

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    Look, beaver saved this for just such a discussion 🦫😉🙀

    🎶 shout shout, let it all out 🎶

  • ms71ms71 Posts: 1,573 ✭✭✭✭✭

    Successful BST transactions: EagleEye, Christos, Proofmorgan,
    Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins, justindan, doubleeagle07

    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. . . . . . .
  • pcgscacgoldpcgscacgold Posts: 2,950 ✭✭✭✭✭

    @ms71 said:

    Yup. Just the usual Friday night troll. Some people live a sorry life.

    Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
    $5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
    CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572

  • EbeneezerEbeneezer Posts: 332 ✭✭✭

    I've been a collector of many years, since 1974. In that time I've seen first hand as many changes, some good some bad, as third party grading as we've come to know and accept it has entered our hobby. Grading has and always will change. When CAC entered the mix, and having looked over what exactly they provide, I arrived at the conclusion that they are simply a grader for the grader, not the coin it's self. Coincidentally, they only certify PCGS or NGC and only coinage struck in the United States. What baffles me the most is why the two mentioned firms would need to be reevaluated with grade designations of a plus or star. These refer to the coin in question being at the upper end of it's assigned grade, thereby removing the need of what CAC purportedly offers. This is simply my opinion on the subject. I buy the coin based solely on MY eye appeal, not that of another. The way I see it, to save by not paying for an unneeded opinion I'm able to put that monetary difference towards other coins. To each there own, as they say.

  • MFeldMFeld Posts: 14,722 ✭✭✭✭✭

    @Ebeneezer said:
    I've been a collector of many years, since 1974. In that time I've seen first hand as many changes, some good some bad, as third party grading as we've come to know and accept it has entered our hobby. Grading has and always will change. When CAC entered the mix, and having looked over what exactly they provide, I arrived at the conclusion that they are simply a grader for the grader, not the coin it's self. Coincidentally, they only certify PCGS or NGC and only coinage struck in the United States. What baffles me the most is why the two mentioned firms would need to be reevaluated with grade designations of a plus or star. These refer to the coin in question being at the upper end of it's assigned grade, thereby removing the need of what CAC purportedly offers. This is simply my opinion on the subject. I buy the coin based solely on MY eye appeal, not that of another. The way I see it, to save by not paying for an unneeded opinion I'm able to put that monetary difference towards other coins. To each there own, as they say.

    The NGC “Star” designation isn’t awarded based on a coin being at the upper end for the assigned grade.

    From NGC: “ NGC assigns its trademarked Star (★) Designation to coins with exceptional eye appeal for their assigned grade.”
    “Coins with the Star (★) Designation can fall anywhere within the grades to which they are assigned. For example, a coin graded NGC MS 63★ could be at the lower end, mid-range or higher end of NGC MS 63.”

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭

    "......I buy the coin based solely on MY eye appeal, not that of another. The way I see it, to save by not paying for an unneeded opinion I'm able to put that monetary difference towards other coins. To each there own, as they say......."

    I agree with you .....the problem is upon resale our opinion of eye appeal means didley whilst the cac approved sticker means ALOT !
    :)

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • MFeldMFeld Posts: 14,722 ✭✭✭✭✭

    @bidask said:
    "......I buy the coin based solely on MY eye appeal, not that of another. The way I see it, to save by not paying for an unneeded opinion I'm able to put that monetary difference towards other coins. To each there own, as they say......."

    I agree with you .....the problem is upon resale our opinion of eye appeal means didley whilst the cac approved sticker means ALOT !
    :)

    Not necessarily. Plenty of buyers form their own opinions of eye-appeal without the requirement of a CAC sticker.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • RYKRYK Posts: 35,799 ✭✭✭✭✭

    Great question, OP! I have spent many sleepless nights wondering the same. >:)

    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • jesbrokenjesbroken Posts: 10,535 ✭✭✭✭✭

    Eye appeal and value make most of my buying decisions. Holder does not make or break the deal, even though any raw coins I have graded go to PCGS. I have crossed NGC and ICG with same grade. Only once each, so not a great sampling. I do not search for CAC coins, nor do I send coins to CAC, but I do recognize the added value upon selling.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • coinbufcoinbuf Posts: 11,795 ✭✭✭✭✭

    @Ebeneezer said:
    I've been a collector of many years, since 1974. In that time I've seen first hand as many changes, some good some bad, as third party grading as we've come to know and accept it has entered our hobby. Grading has and always will change. When CAC entered the mix, and having looked over what exactly they provide, I arrived at the conclusion that they are simply a grader for the grader, not the coin it's self.

    I suggest that you review the thread containing the Seth Chandler/JA video, it might open your eyes on just what CAC is grading.

    Coincidentally, they only certify PCGS or NGC and only coinage struck in the United States. What baffles me the most is why the two mentioned firms would need to be reevaluated with grade designations of a plus or star.

    Because it is a well known fact, even the most ardent PCGS fans will agree, that there are undergraded and overgraded coins in the holders of both services, and yes that includes coins that are in */+ holders.

    These refer to the coin in question being at the upper end of it's assigned grade, thereby removing the need of what CAC purportedly offers. This is simply my opinion on the subject. I buy the coin based solely on MY eye appeal, not that of another. The way I see it, to save by not paying for an unneeded opinion I'm able to put that monetary difference towards other coins. To each there own, as they say.

    _Nothing wrong with forming your opinion on quality, everyone should. But it is foolish to ignore the market and think that you will not be leaving a lot of money on the table if you choose not to have the higher value coins in your collection reviewed by CAC before you sell. It is of course your choice.
    _

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • jmlanzafjmlanzaf Posts: 36,215 ✭✭✭✭✭

    @TagTail said:
    After reading he entire CAC website I came to the realization that their entire business model is rooted in reasonable, intelligence-based, common-sense thinking. Okay, sorry....I realize this isn't the place for comedy.

    Kidding aside; Tier 1 is for insured value up to $10,000.00. Tier 2 is for insured value over $10,000.00 but under $25,000.00. Tier 3 is for insured value over $25,000.00.

    Does this mean if my insured value is $10,000.00 or $25,000.00 their "service" (there I go with comedy again) is free?

    Maybe one of the CAC fish suckers money mongers supporters here could send them the following to use on their site: .01

    Flagged

    Buh bye

This discussion has been closed.