@Rampage said:
They really do remind me of NTC slabs. I wish them luck.
If the background in the OPs post was blue and not green, do you think they would still remind you of NTC slabs?
It really has nothing to do with the background color. It is the color of the label, the font of the text on the label, and the overall look that reminds me of NTC. If they changed the label color and the font, then perhaps the thought of NTC would not have entered my mind. I do not have a suggestion on a color scheme, other than to stay away from shades of blue and shades of tan. The color scheme should be pleasing to the eye, obviously, but you do not want anything similar to PCGS or NGC, in my opinion. I have no problem with the mascot or the green background to present the slabs. I sort of wish CAC would emulate the SEGS slabs. Those were great and I like them better than also everything else on the market now. Just my opinion. And, like I said, I wish CAC all the best.
@P0CKETCHANGE said:
There are some major topics that haven’t really been addressed yet:
Will CAC Grading have a photography component?
Will the slabs have NFC chip technology?
One of the main reasons I prefer PCGS is TrueViews. I like the NFC chips for anti-counterfeiting.
I had to refer back over to the CAC forum to confirm, but there WILL be photography. JA said his intention was to have a stellar imaging service. I’m pretty sure the QR code on the reverse will pull it up immediately. As far as NFC chips, I don’t see anything about that while I was looking.
@MasonG said:
It's a cartoon. I wouldn't take it too literally. But then, that's just me.
It cheapens the brand.
In what way? For example, do you think that anyone with even a minimal knowledge of the rare coin market, coin values and the world of coin grading would submit fewer coins to CAC and/or buy fewer CAC coins because of the mascot?
No, but they have world class graders, tons of respect in the industry, an imprimatur that lends more value and/or liquidity to graded coins, and then present themselves with an amateurishly drawn mascot that they don't need. That's what I mean by cheapening the brand. Starting a grading service would have been a good opportunity to put Beanman out to pasture. Feel free to tell me to lighten up.
@MasonG said:
It's a cartoon. I wouldn't take it too literally. But then, that's just me.
It cheapens the brand.
In what way? For example, do you think that anyone with even a minimal knowledge of the rare coin market, coin values and the world of coin grading would submit fewer coins to CAC and/or buy fewer CAC coins because of the mascot?
No, but they have world class graders, tons of respect in the industry, an imprimatur that lends more value and/or liquidity to graded coins, and then present themselves with an amateurishly drawn mascot that they don't need. That's what I mean by cheapening the brand. Starting a grading service would have been a good opportunity to put Beanman out to pasture. Feel free to tell me to lighten up.
I’m not going to tell you to lighten up - you’re entitled to your opinion. To me, “Beanman” shows that CAC has a sense of humor and doesn’t take itself too seriously. I like that and don’t see it as cheapening the brand, but can understand why others might feel differently. Still, the thought of “Beanman” being put out to pasture brought more than one tear to my eye.😥
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MasonG said:
It's a cartoon. I wouldn't take it too literally. But then, that's just me.
It cheapens the brand.
In what way? For example, do you think that anyone with even a minimal knowledge of the rare coin market, coin values and the world of coin grading would submit fewer coins to CAC and/or buy fewer CAC coins because of the mascot?
No, but they have world class graders, tons of respect in the industry, an imprimatur that lends more value and/or liquidity to graded coins, and then present themselves with an amateurishly drawn mascot that they don't need. That's what I mean by cheapening the brand. Starting a grading service would have been a good opportunity to put Beanman out to pasture. Feel free to tell me to lighten up.
Ok lighten up! Coin collecting is supposed to be fun, Beanman is all about that aspect of the hobby. Sure its kinda goofy and cartoonish but maybe the hobby needs some fresh air, too many grumpy old farts.
JA just said in the Greysheet part II interview that 'in our mind a gold sticker is a point and a half higher'. Wow that is food for thought................
@spacehayduke said:
But wait there is more, another JA interview with the Coingeek:
In the interview, JA mentions recently stickering a 1799 $1 with a scratch. I have an order received by CAC on 10/11 (so timeline matches to get in front of him in the last couple of days) that includes a scratched 1799 $1. So did JA just announce that my Draped Bust stickered!?!?
@spacehayduke said:
But wait there is more, another JA interview with the Coingeek:
In the interview, JA mentions recently stickering a 1799 $1 with a scratch. I have an order received by CAC on 10/11 (so timeline matches to get in front of him in the last couple of days) that includes a scratched 1799 $1. So did JA just announce that my Draped Bust stickered!?!?
@spacehayduke said:
But wait there is more, another JA interview with the Coingeek:
In the interview, JA mentions recently stickering a 1799 $1 with a scratch. I have an order received by CAC on 10/11 (so timeline matches to get in front of him in the last couple of days) that includes a scratched 1799 $1. So did JA just announce that my Draped Bust stickered!?!?
@spacehayduke said:
JA just said in the Greysheet part II interview that 'in our mind a gold sticker is a point and a half higher'. Wow that is food for thought................
That was their starting point. Could be higher. That's why there are so few as a %. The coin has to be a lock to upgrade.
The more I hear JA talk the more excited I get about the new CAC grading company and how it will indeed by a game changer in as much as the sticker co. was. There are some real interesting things John says, watch until the end, his final comments are going to excite everyone, I am planning for what he said as I write this..............
Thanks to US coin for this great interview - oh and thanks for one of my recent purchases - the 1893-O Barber I posted on another thread, and, you guessed it, CACed.
I prefer the incremental improvements that companies such as PCGS have made: From slabbing to improving the slab, to top notch images and security technology. The only advantage I could see would be a crossover review at low cost for rejects of Anacs, Icg and other service coins. The crossover successes would be charged their standard fee as PCGS does.
Love your 1893-O quarter and thanks for posting the interview.
@ logger7 If that's the only advantage you can see you can open your eye's now.
I'm confident that CACG will make many "incremental changes" beginning next year.
How much is it going to cost to get the new company running, $10 million or more?
The old system required paying a staff, offices, insurance, online equipment, website, etc., but putting a bean sticky on an already certified coin in a holder was nowhere near what the costs will be doing this. How many coins will that have to certify to break even?
@logger7 said:
How much is it going to cost to get the new company running, $10 million or more?
The old system required paying a staff, offices, insurance, online equipment, website, etc., but putting a bean sticky on an already certified coin in a holder was nowhere near what the costs will be doing this. How many coins will that have to certify to break even?
As JA has said, they have a bunch of investors committed to this. I am guessing $10 million would be on the light side, but this is a long-term commitment well beyond 10 years - he says their first job will be to find early career graders to come in to replace the ones he already has......
@Broadstruck said:
Just seeing it now and it's pretty fugly... They need to keep polishing that plastic turd
What you speak of generally has tones of brown, very unlike the greens CAC plans for their slabs. I look forward to seeing the real CAC slabs, once they work out the aesthetics from the feedback they are getting, I have no doubt they will be the most eye appealing slabs in the buis. And if not? Hey, the coins will be the most eye appealing around so............
@logger7 said:
How much is it going to cost to get the new company running, $10 million or more?
The old system required paying a staff, offices, insurance, online equipment, website, etc., but putting a bean sticky on an already certified coin in a holder was nowhere near what the costs will be doing this. How many coins will that have to certify to break even?
As JA has said, they have a bunch of investors committed to this. I am guessing $10 million would be on the light side, but this is a long-term commitment well beyond 10 years - he says their first job will be to find early career graders to come in to replace the ones he already has......
Given JA’s past experience founding TPGs, he is probably more aware than most of the cost and effort involved. His experience and expertise both in grading and founding TPGs is likely what attracted so many investors. I like his chances of success.
@Broadstruck said:
Just seeing it now and it's pretty fugly... They need to keep polishing that plastic turd
What you speak of generally has tones of brown, very unlike the greens CAC plans for their slabs. I look forward to seeing the real CAC slabs, once they work out the aesthetics from the feedback they are getting, I have no doubt they will be the most eye appealing slabs in the buis. And if not? Hey, the coins will be the most eye appealing around so............
I really wish them success with the new direction they are taking since it still makes no sense to me. It will be a ton of work to get a new TPGS venture that's profitable started compared to a much lower overhead stickering business which was as close as possible of being like Dire Staits "Money For Nothing".
To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
Hey, does anyone know if that green bean is on the outside or inside of their clear plastic case? I am presuming inside but I am wondering? Because it looks like on the outside.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
@sedulous said:
Hey, does anyone know if that green bean is on the outside or inside of their clear plastic case? I am presuming inside but I am wondering? Because it looks like on the outside.
@Broadstruck said:
Just seeing it now and it's pretty fugly... They need to keep polishing that plastic turd
What you speak of generally has tones of brown, very unlike the greens CAC plans for their slabs. I look forward to seeing the real CAC slabs, once they work out the aesthetics from the feedback they are getting, I have no doubt they will be the most eye appealing slabs in the buis. And if not? Hey, the coins will be the most eye appealing around so............
I really wish them success with the new direction they are taking since it still makes no sense to me. It will be a ton of work to get a new TPGS venture that's profitable started compared to a much lower overhead stickering business which was as close as possible of being like Dire Staits "Money For Nothing".
@sedulous said:
Hey, does anyone know if that green bean is on the outside or inside of their clear plastic case? I am presuming inside but I am wondering? Because it looks like on the outside.
On the CAC forum JA has said the bean will be inside the slab. A few members there voiced concern over offgasing of the bean sticker, JA replied that these beans inside the slab are completely inert and are of archival quality.
Regarding retaining the bean, if previously gold, does anyone know if a gold bean will be used in the holder? The only justification IMO for retaining the bean is that a buyer will know that graders at PCGS or NGS also agree with the grade. If the prior bean was gold, this isn't the case, whether a green or gold been is retained.
@oldabeintx said:
Regarding retaining the bean, if previously gold, does anyone know if a gold bean will be used in the holder? The only justification IMO for retaining the bean is that a buyer will know that graders at PCGS or NGS also agree with the grade. If the prior bean was gold, this isn't the case, whether a green or gold been is retained.
There has been alot of back-and-forth discussion on the CAC forum on this, from what I understand the bean will only be used on crossovers where the coin already had a green or gold bean and both green and gold would be used as appropriate. However, I have not been reading every post or thread there and something may have changed that I'm unaware of with regard to the bean.
@oldabeintx said:
Regarding retaining the bean, if previously gold, does anyone know if a gold bean will be used in the holder? The only justification IMO for retaining the bean is that a buyer will know that graders at PCGS or NGS also agree with the grade. If the prior bean was gold, this isn't the case, whether a green or gold been is retained.
There has been alot of back-and-forth discussion on the CAC forum on this, from what I understand the bean will only be used on crossovers where the coin already had a green or gold bean and both green and gold would be used as appropriate. However, I have not been reading every post or thread there and something may have changed that I'm unaware of with regard to the bean.
From what I understand, anyone correct me if there was an update, but gold beans will not be used on the slab. The coin would upgrade to the next grade up, along with a green bean and a legacy designation.
JA said himself that he doesn’t think it’s in the interest of the gold bean coins to be crossed, as the premiums and collectibility of gold bean slabs will be lost when crossed.
JA said himself that he doesn’t think it’s in the interest of the gold bean coins to be crossed, as the premiums and collectibility of gold bean slabs will be lost when crossed.
Unless gold-stickered NGC prices are strong, I have at least one NGC I'll be tempted to cross, but will be a head-scratcher.
Just got an e-mail today that has a new picture of the new holders. No Beanman and the background color of the picture was changed to make them look less like NTC slabs.
@messydesk said:
Just got an e-mail today that has a new picture of the new holders. No Beanman and the background color of the picture was changed to make them look less like NTC slabs.
What do we think about the white prongs? I can’t tell if I like them or not. I think I’d need to see one in hand
I am going to reserve judgements until I can see one in real life. Everything up to this point are just renderings. I bet it will look very nice in reality. I can't wait to get one to add to my holder collection.
Comments
If the background in the OPs post was blue and not green, do you think they would still remind you of NTC slabs?
There are some major topics that haven’t really been addressed yet:
One of the main reasons I prefer PCGS is TrueViews. I like the NFC chips for anti-counterfeiting.
Nothing is as expensive as free money.
It really has nothing to do with the background color. It is the color of the label, the font of the text on the label, and the overall look that reminds me of NTC. If they changed the label color and the font, then perhaps the thought of NTC would not have entered my mind. I do not have a suggestion on a color scheme, other than to stay away from shades of blue and shades of tan. The color scheme should be pleasing to the eye, obviously, but you do not want anything similar to PCGS or NGC, in my opinion.
I have no problem with the mascot or the green background to present the slabs. I sort of wish CAC would emulate the SEGS slabs. Those were great and I like them better than also everything else on the market now. Just my opinion. And, like I said, I wish CAC all the best.
I had to refer back over to the CAC forum to confirm, but there WILL be photography. JA said his intention was to have a stellar imaging service. I’m pretty sure the QR code on the reverse will pull it up immediately. As far as NFC chips, I don’t see anything about that while I was looking.
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Nobody knows!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
No, but they have world class graders, tons of respect in the industry, an imprimatur that lends more value and/or liquidity to graded coins, and then present themselves with an amateurishly drawn mascot that they don't need. That's what I mean by cheapening the brand. Starting a grading service would have been a good opportunity to put Beanman out to pasture. Feel free to tell me to lighten up.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I’m not going to tell you to lighten up - you’re entitled to your opinion. To me, “Beanman” shows that CAC has a sense of humor and doesn’t take itself too seriously. I like that and don’t see it as cheapening the brand, but can understand why others might feel differently. Still, the thought of “Beanman” being put out to pasture brought more than one tear to my eye.😥
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Isn't perception important anymore in business??
It is. What's your perception? And what do you think the overall market's is?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If you've followed the threads on this topic, and you have, then you know the answers to both questions.
I don't know, or I wouldn't have asked. I've read many of the posts, but don't know/remember who holds what opinion.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Ok lighten up!
Coin collecting is supposed to be fun, Beanman is all about that aspect of the hobby. Sure its kinda goofy and cartoonish but maybe the hobby needs some fresh air, too many grumpy old farts.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
But wait there is more, another JA interview with the Coingeek:
JA just said in the Greysheet part II interview that 'in our mind a gold sticker is a point and a half higher'. Wow that is food for thought................
In the interview, JA mentions recently stickering a 1799 $1 with a scratch. I have an order received by CAC on 10/11 (so timeline matches to get in front of him in the last couple of days) that includes a scratched 1799 $1. So did JA just announce that my Draped Bust stickered!?!?
🤞🏼
BHNC #248 … 130 and counting.
Well, it is a nice scratch.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
That was their starting point. Could be higher. That's why there are so few as a %. The coin has to be a lock to upgrade.
https://pcgs.com/setregistry/showcase/2819
Here is another JA interview, this one from Matt and Kenny at US coin in their Youtube podcast:
The more I hear JA talk the more excited I get about the new CAC grading company and how it will indeed by a game changer in as much as the sticker co. was. There are some real interesting things John says, watch until the end, his final comments are going to excite everyone, I am planning for what he said as I write this..............
Thanks to US coin for this great interview - oh and thanks for one of my recent purchases - the 1893-O Barber I posted on another thread, and, you guessed it, CACed.
Best, SH
I prefer the incremental improvements that companies such as PCGS have made: From slabbing to improving the slab, to top notch images and security technology. The only advantage I could see would be a crossover review at low cost for rejects of Anacs, Icg and other service coins. The crossover successes would be charged their standard fee as PCGS does.
Love your 1893-O quarter and thanks for posting the interview.
@ logger7 If that's the only advantage you can see you can open your eye's now.
I'm confident that CACG will make many "incremental changes" beginning next year.
Thanks for posting. Didn't really learn anything new, but always enjoy hearing JA talk about coins and the business.
Does anyone know if Colonials will be graded, I may have missed it?
Don't know exactly when but at some point JA is planning to grade Colonials.
I thought is was Numistrust for a second!
How much is it going to cost to get the new company running, $10 million or more?
The old system required paying a staff, offices, insurance, online equipment, website, etc., but putting a bean sticky on an already certified coin in a holder was nowhere near what the costs will be doing this. How many coins will that have to certify to break even?
Just seeing it now and it's pretty fugly... They need to keep polishing that plastic turd
As JA has said, they have a bunch of investors committed to this. I am guessing $10 million would be on the light side, but this is a long-term commitment well beyond 10 years - he says their first job will be to find early career graders to come in to replace the ones he already has......
What you speak of generally has tones of brown, very unlike the greens CAC plans for their slabs. I look forward to seeing the real CAC slabs, once they work out the aesthetics from the feedback they are getting, I have no doubt they will be the most eye appealing slabs in the buis. And if not? Hey, the coins will be the most eye appealing around so............
Given JA’s past experience founding TPGs, he is probably more aware than most of the cost and effort involved. His experience and expertise both in grading and founding TPGs is likely what attracted so many investors. I like his chances of success.
I really wish them success with the new direction they are taking since it still makes no sense to me. It will be a ton of work to get a new TPGS venture that's profitable started compared to a much lower overhead stickering business which was as close as possible of being like Dire Staits "Money For Nothing".
Hey, does anyone know if that green bean is on the outside or inside of their clear plastic case? I am presuming inside but I am wondering? Because it looks like on the outside.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
It’s on the label, encased in the slab
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Apparently the chicks weren't free.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Jack & the Bean$Talk.
That's what I think of regarding this saga, since it's inception.
On the CAC forum JA has said the bean will be inside the slab. A few members there voiced concern over offgasing of the bean sticker, JA replied that these beans inside the slab are completely inert and are of archival quality.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Regarding retaining the bean, if previously gold, does anyone know if a gold bean will be used in the holder? The only justification IMO for retaining the bean is that a buyer will know that graders at PCGS or NGS also agree with the grade. If the prior bean was gold, this isn't the case, whether a green or gold been is retained.
Was the advertisement created by someone as knowledgeable as the one who designed this one? 😆
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
There has been alot of back-and-forth discussion on the CAC forum on this, from what I understand the bean will only be used on crossovers where the coin already had a green or gold bean and both green and gold would be used as appropriate. However, I have not been reading every post or thread there and something may have changed that I'm unaware of with regard to the bean.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
From what I understand, anyone correct me if there was an update, but gold beans will not be used on the slab. The coin would upgrade to the next grade up, along with a green bean and a legacy designation.
JA said himself that he doesn’t think it’s in the interest of the gold bean coins to be crossed, as the premiums and collectibility of gold bean slabs will be lost when crossed.
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Unless gold-stickered NGC prices are strong, I have at least one NGC I'll be tempted to cross, but will be a head-scratcher.
I should add that crossing with a minimum grade +2 might be worth the trouble, again depending on prices.
Just got an e-mail today that has a new picture of the new holders. No Beanman and the background color of the picture was changed to make them look less like NTC slabs.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
What do we think about the white prongs? I can’t tell if I like them or not. I think I’d need to see one in hand
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I also noticed a prominent photography credit in their announcement.
I don't think they're white prongs, rather translucent ones similar to those of our hosts. We're still looking at a rendering and not an actual slab.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The prongs are frosted but clear not white. I like this holder myself.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Ahh ok cool, glad that’s cleared up.
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I am going to reserve judgements until I can see one in real life. Everything up to this point are just renderings. I bet it will look very nice in reality. I can't wait to get one to add to my holder collection.
Yes credit was given to Justin Lee which is awesome, but I think it was for his renderings? Well deserved and glad they worked with him on this!
Can hardly wait buy a few when they enter marketplace. Like the green look - the color of money.
Really nice CAC MS65 1927 Saint. Now that’s one I want. CPG for CAC $3500. Will they have some at FUN?