Home U.S. Coin Forum

CoinWorld - CAC Grading Service

FlyingAlFlyingAl Posts: 2,844 ✭✭✭✭✭

It appears that the rumors that have been floating around are possibly true. I saw this on another forum and figured I'd share it here too.

https://www.coinworld.com/news/us-coins/cac-grading-service-planned-for-start-in-2023

Young Numismatist, Coin Photographer.

«13456710

Comments

  • FlyingAlFlyingAl Posts: 2,844 ✭✭✭✭✭

    Update - CAC itself has confirmed the article is correct and true.

    Young Numismatist, Coin Photographer.

  • NumisOxideNumisOxide Posts: 10,989 ✭✭✭✭✭

    Interesting and does make sense. I wonder what the holder will look like.

  • coinbufcoinbuf Posts: 10,751 ✭✭✭✭✭
    edited October 13, 2022 10:01AM

    This will get interesting, will the PCGS and NGC registries begin to accept the newly certified CAC coins since they both award bonus points for slabs with stickers. Will collectors desire CAC slabs if they are not allowed into the current registries? In that article JA indicates that CAC will start a new registry itself, lots of change on the horizon.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • silverpopsilverpop Posts: 6,597 ✭✭✭✭✭
    edited October 13, 2022 10:25AM

    just another marketing gimmick to get people to spend more money on sending coins in and it will work people will try for the new top spot in the coin world

  • TomBTomB Posts: 20,725 ✭✭✭✭✭

    Wow. This could really get interesting.

    Thomas Bush Numismatics & Numismatic Photography

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

    image
  • pointfivezeropointfivezero Posts: 1,627 ✭✭✭✭✭

    I was struck by a couple of points in the article:

    1) Only being offered (initially) to the current 3000 CAC members.
    2) Only focusing (initially) on US coins - no world coins or "paper" money.

    Those two factors alone will keep them in the niche category (initially, at least).

    Tim

  • oih82w8oih82w8 Posts: 11,889 ✭✭✭✭✭

    I wonder if there will be "sample" holders?

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
  • lilolmelilolme Posts: 2,451 ✭✭✭✭✭

    One point to note in the article is the 125 strategic partners. From the ANA I knew a couple people who had been 'offered' this and why I then said I thought it was going to happen. This partnership to me is similar to how CAC initially started with shared investment partners and then initial CAC dealers. There could also be a surprise coming.

    https://youtube.com/watch?v=2YNufnS_kf4 - Mama I'm coming home ...................................................................................................................................................................... RLJ 1958 - 2023

  • Bigbuck1975Bigbuck1975 Posts: 1,249 ✭✭✭✭✭

    @2windy2fish said:
    I am curious how the public perception of a CAC sticker will be on a CAC graded coin?
    Wouldn’t a Gold bean be indicative of an incorrectly graded coin?
    Something to ponder…

    There won’t be stickers

  • 10000lakes10000lakes Posts: 811 ✭✭✭✭

    @Boosibri said:
    This thread will last for about 15 more minutes

    Probably heading back to the days when any CAC thread was nuked in short order.

  • SanctionIISanctionII Posts: 11,706 ✭✭✭✭✭

    I wonder how many collectors will chose to simply ignore grading companies and collect raw coins and fill albums?

    Ideally hobbies are supposed to be fun. If grading coins and obtaining stickers no longer is fun (i.e. extended grading turnaround times, quality control problems, etc.) I can imagine some persons walking away.

    However, the evolution of the business side of the hobby is interesting to watch (as technology progresses and more information is made available to the collecting public in the USA and globally, more and more "stuff" has to happen to get and keep the interest of collectors).

  • yosclimberyosclimber Posts: 4,593 ✭✭✭✭✭
    edited October 13, 2022 11:08AM
    1. If they are phasing out stickers, then I wonder how they will differentiate those
      coins which are in the "top 30%" at the grade level?
      That is, what happens when they receive a coin that "would not sticker at the grade"?
      Will they use plus grades to handle this?
      If so, it implies we might see G-4+ coins in CAC holders.

    2. Some people believe that most of the "top end" older coins have already been to CAC.
      So I wonder what volume and types of coins they are seeing these days.

  • psuman08psuman08 Posts: 232 ✭✭✭

    It will be interesting to see what this does to turnaround times at our host and NGC. Also what will it do to costs?

  • MasonGMasonG Posts: 6,268 ✭✭✭✭✭

    @SanctionII said:
    I wonder how many collectors will chose to simply ignore grading companies and collect raw coins and fill albums?

    I suspect most already do.

  • pcgscacgoldpcgscacgold Posts: 2,635 ✭✭✭✭✭

    As I posted over in the CAC forum, I may need to change my name to CACgold in 2023.

    It will be interesting what they do about plus coins because to date they ignore that part of the grade.

  • RedSealsRedSeals Posts: 278 ✭✭✭✭✭

    @yosclimber said:
    1. If they are phasing out stickers, then I wonder how they will differentiate those
    coins which are in the "top 30%" at the grade level?
    That is, what happens when they receive a coin that "would not sticker at the grade"?
    Will they use plus grades to handle this?
    If so, it implies we might see G-4+ coins in CAC holders.

    1. Some people believe that most of the "top end" older coins have already been to CAC.
      So I wonder what volume and types of coins they are seeing these days.

    Perhaps they will only holder coins that they deem A or B for the grade?

    Successful BST Transactions with: PerryHall, MrSlider, Cent1225, SurfinxHI, Blu62vette, robkool, gowithmygut, coinlieutenant, Downtown1974, MilesWaits, Shrub68, justindan

  • TheMayorTheMayor Posts: 221 ✭✭✭✭✭

    My personal belief is that they are misinterpreting the demand for their affirmation service as something that will translate as demand for a new grading/encapsulation service. I am very skeptical that this will be a successful endeavor. Disclaimer that I very much enjoy the hobby as it is and do not view this announcement as a positive development.

  • Cougar1978Cougar1978 Posts: 7,610 ✭✭✭✭✭
    edited October 13, 2022 12:23PM

    Will eBay accept them as a TPG like the existing 4 - PCGS, NGC, ANACS, ICG?

    As to pricing:

    How will CPG reflect their Market Value? Will this be merged with the CAC number they report for CAC?

    Will they have an app like PCGS & NGC which shows MV, Population, etc? What about an inventory manager?

    So Cali Area - Coins & Currency
  • jclovescoinsjclovescoins Posts: 1,853 ✭✭✭✭✭

    WOW

  • WCCWCC Posts: 2,352 ✭✭✭✭✭

    @SanctionII said:

    Ideally hobbies are supposed to be fun. If grading coins and obtaining stickers no longer is fun (i.e. extended grading turnaround times, quality control problems, etc.) I can imagine some persons walking away.

    Above a certain financial level which is collector specific, the fun aspect for most buyers is secondary to protecting their "investment".

    This is true for me too, which is one reason I don't and won't buy most coins including any US. Most world coins lack adequate marketability and too many US coins are too expensive for the actual collectable attributes. I'm also not interested in losing a noticeable proportion of my cost for what I consider to be predominantly uninteresting or common coins either.

  • ConnecticoinConnecticoin Posts: 12,508 ✭✭✭✭✭

    In the short term I will likely get CAC stickers while I can, as I like the PCGS holder. But, if CAC comes out with a nice looking holder (no ugly prongs), it would be something to consider.

    I would definitely be a customer if they grade GSA and Redfield coins with the grading label on the reverse (and thus not covering up the lettering on the obverse), and do not "entomb" the coin like PCGS does.

  • coinkatcoinkat Posts: 22,762 ✭✭✭✭✭

    I'm confused... More so than usual

    I am curious about several aspects may effect the older white ANACS holders from back in the day when they were the only game in town with varieties... How will CAC handle the attribution and will there be a greater submission fee to deal with these types of ANACS coins? Would these coins be better served to remain as they are currently graded?

    Experience the World through Numismatics...it's more than you can imagine.

  • erscoloerscolo Posts: 481 ✭✭✭✭✭

    Too much obsession with slabs and stickers on this and many other forums. No wonder another thread just now out there (for the upteenth time) asks if the hobby is dead.

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    The plot sickens......er thickens.

    More middleman money.

    Have a nice day
  • ChrisH821ChrisH821 Posts: 6,317 ✭✭✭✭✭

    @erscolo said:
    Too much obsession with slabs and stickers on this and many other forums. No wonder another thread just now out there (for the upteenth time) asks if the hobby is dead.

    Well, it is a PCGS forum after all.

    I don't think we need to get into the weeds of speculation and derail the topic. We'll have information when we get it.

    Collector, occasional seller

  • ms71ms71 Posts: 1,459 ✭✭✭✭✭

    Eventually we can expect to hear wailing and gnashing of teeth from collectors who submit a PCGS or NGC graded coin with a sticker to CAC grading for a crossover & have it denied. Moreover, I wonder how many coins with gold stickers will get submitted for crossover?

    Successful BST transactions: EagleEye, Christos, Proofmorgan,
    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 an optical illusion, it only looks like an optical illusion.

    My mind reader refuses to charge me....
  • pcgscacgoldpcgscacgold Posts: 2,635 ✭✭✭✭✭

    @Cladiator said:
    "We will be phasing out the stickers over time."

    Watch the premiums on CAC stickered PCGS and NGC slabs take off.

    I'm thinking the plus graded coins for sure since CAC ignores plus grades. They also don't sticker doctored gold coins so that will be interesting to watch. Everyone is discussion a coin going down a grade to get a CAC slab but there are a lot of gold coins out there that JA will not slab (even though PCGS and NGC do).

  • csdotcsdot Posts: 676 ✭✭✭✭

    @pcgscacgold said:

    @Cladiator said:
    "We will be phasing out the stickers over time."

    Watch the premiums on CAC stickered PCGS and NGC slabs take off.

    I'm thinking the plus graded coins for sure since CAC ignores plus grades. They also don't sticker doctored gold coins so that will be interesting to watch. Everyone is discussion a coin going down a grade to get a CAC slab but there are a lot of gold coins out there that JA will not slab (even though PCGS and NGC do).

    Can you define “doctored gold coins” so we know what you mean?

  • oldabeintxoldabeintx Posts: 1,620 ✭✭✭✭✭

    Lots more moving parts processing and attributing raw coins and crossovers. If CAC gets it right this is a brilliant move. Hope the holder is well thought out and attractive.

  • pcgscacgoldpcgscacgold Posts: 2,635 ✭✭✭✭✭

    @csdot said:

    @pcgscacgold said:

    @Cladiator said:
    "We will be phasing out the stickers over time."

    Watch the premiums on CAC stickered PCGS and NGC slabs take off.

    I'm thinking the plus graded coins for sure since CAC ignores plus grades. They also don't sticker doctored gold coins so that will be interesting to watch. Everyone is discussion a coin going down a grade to get a CAC slab but there are a lot of gold coins out there that JA will not slab (even though PCGS and NGC do).

    Can you define “doctored gold coins” so we know what you mean?

    Many gold coins do not sticker with JA because of "things" people have done. It's not the grade that is off, it is the originality.
    I am not a doctor, so I will others explain what people do.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file