What's gonna happen to the coins at stacks that have no CAC and no CMQ
dollarfan
Posts: 315 ✭✭✭
Seems like it may hurt prices.. ..or no?
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dollarfan
Posts: 315 ✭✭✭
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The potted plant will have to work overtime.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
There are plenty of nice coins without either of them that are out there.
"Seu cabra da peste,
"Sou Mangueira......."
Blasphemy!
For the most part, they will sell.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Griffless and Beanless is no way to go through life.
Will the prices be much lower? I hate to say it but will this scenario open the door for lots of bargains?
If the coins still look good to my eye; I will buy them…Griff or no Griff and bean or no bean. If I can get them at a discount, then even better…
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Do you feel that there are currently lots of bargains for non-CAC coins? And do you think things will be noticeably different for non-CAC/non-CMQ coins?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My perception would be that stacks would try hard to get their stickers on the premium pieces and if they end up stickerless perhaps some may wonder if they are missing something based on how hard it is to judge a coins true character via pictures. I am a horrible grader so CAC has helped me acquire some fairly nice coins.. the perception could solely be based on my lack of grading skills.
Coins that end up sticker-less might perform much the same as how non-CAC coins currently do. However, the yet-to-be determined perception of how strict CMG is, will be an important factor.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Could care less don’t have any. Are they even any kind of a deal? I smell manipulation….
This is where in hand viewing comes into play. StacksBowers is most likely attempting to assure on-line bidders. Would not be surprised if Heritage follows with a Heritage sticker..
I can flat-out tell you that not everything SB auctions goes to CAC. I've bought stuff non-CAC and made several gold CAC's from Stacks in the past.
Can't say about the whole new sticker thing though.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
They get cracked out and, viola, "fresh" coins, ready for speculators to send through the certification process again.
Probably depends on the consignor, no?
What you smell is a big 'ol plate of Griffs 'n Beans.
This is their domain and logo, already in convenient bean form.
Green sticker will be called a Ha. Gold sticker will be called a HaHa. Truly mind blowing coins will get the LOL sticker.
You sure comment frequently about subjects you claim you “could care less” about. And sometimes you even go a step further and ask “Are they even any kind of a deal?”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Check the dumpster in back of the store.
Almost certainly.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
How are you supposed to know that I don't care if I don't tell you?
I heard they were going to give them away to homeless collectors. 😉
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
They will sell at CMV: Current Market Value.
Up until now, Stack’s would send a certain percentage of consigned coins to CAC for stickering, based on a combination of the consignors request, and/or their suggestion to the consignor. Obviously, some would sticker, others wouldn’t.
I now suspect (with no basis other than my gut) that a MUCH higher percentage of coins consigned to Stacks auctions will have a CMQ attempt for that sticker.
So instead of just the body of collectors who rightly or wrongly choose to not buy coins without a CAC sticker, I believe that body will become larger when looking at lots at Stacks auctions that have neither sticker.
Not that many collectors in my opinion will have the same passion for coins with CMQ stickers as that of collectors who prefer buying coins with CAC stickers, but many bidders will believe coins above a certain value at Stacks that have neither sticker will have failed getting any of those two stickers, so right or wrong, their perception will be there’s a problem of some sort that caused that to happen. As a result, the Market will price those coins accordingly with fewer bidders, and some of those coins will sell for “bargain” pricing (whatever that means).
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
As far as bargains for non CAC - Depends on how they do within their non CAC inventory class. CAC coins are a different inventory class that is currently priced higher in CPG.
Depends on how large the market/pool is of those who solely (weigh heavily on) buy sight unseen graded coins. This was the initial purpose CAC was created for. For collectors with full time jobs and families who didn't/don't have the time to learn on how to grade coins themselves. A guarantee behind the grade that were placed on coins by so called professional grading companies. Because there were scrupulous dealers always telling them they paid too much, that the coins were overgraded to get them to sell cheaper than what they paid. The sticker safegaurded their purshases!
Could this market thin out over time, from time to time, once that niche of the market is satisfied. How many coins with these stickers. any stickers can be obsorbed by this group? Just how large is the group of sight unseen buyers?
Should there be a a word of caution of, don't be too hasty piling on such a minor niche of the market that may really be quite small in reality/in contrast of the whole market itself. Many collectors, I believe, based their buying decisions upon themselves. Others, what these grading companies think, ie; the Registry Sets and then an other are the Top pops.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Will have to keep an open eye for a surge of coins in the parking lot 🙄
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The market for CAC stickered coins gets larger every year, and is growing, not thinning out. Coins with Stack’s CMQ stickers will be purchased in large quantities from Stacks auctions. The number of coins bought sight unseen is HUGE! Look at how many coins are bought from GC, Heritage, Legends, Stacks, DLRC and online from hundreds of dealers! With the growing recognition of CAC and CMQ stickers, that sight unseen market will continue to grow, just as the way our lives have changed by buying almost everything online, including shoes, lol.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
There's got to be a market that's loyal to PCGS grading only or ANACS....than there's NGC, right? I believe it's far greater than a sticker or any new cgc popping up. I don't rely on these stickers at all! What was the question again? lol
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
It’s difficult gauge pop of these sight unseen buyers. It is a specialized area so the more one pays in that area the more he must find like minded buyers (or market gain in that area) for that investment strategy to be successful.
The question you posed was, will the collectors who buy stickered coins without seeing the coin in hand (presumably referring to buying “sight unseen”) thin out over time, suggesting that the group may be too small to absorb all of these coins with stickers. Supply and demand is always at play. If the supply was a lot more than the demand, the pricing differentials we often see between coins with CAC stickers versus those without would be narrowing. But my sense is that the differential has been GROWING, and not shrinking.
I never said this was the largest group of collectors. I said this market has been getting larger every year. Separately, I mentioned the number of coins bought sight unseen (actually meaning not seeing the coin in hand) is HUGE. It’s fine that you choose to not rely on CAC stickers at all. Hopefully you recognize that when the time comes that you (or your heirs) go to sell the coins you buy that don’t have CAC stickers will often sell for less money than similar coins that merit and have CAC stickers.
You have a wonderful opportunity to use your skills, and have your non-stickered coins submitted to CAC stickering. As a generalization, the market value increase is often many multiples higher than the $22 cost of the sticker (for coins valued at less than $3,000). Why not try that?
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
Yes familiar w the MV delta but the more u pay the more you gotta find that buyer that pay that. I want the money for PQ go to me not the sticker guy.
When a SR in college Once a guy tried recruit me into Sigma Nu. They had some of the best parties on campus. The cost would have paid for my apt for a year. I passed. Living in the unruly dorm the yr before no fun. Plus when I entertained gals at my apt after a date I had whiskey, beer, wine, soft drinks, etc.
Wrong forum.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
But at what price?
Huh?
Is there a sticker for that?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Translation: Buy liquors not stickers.
CAC coins are a different inventory class that is currently priced higher in CPG.
While cannot hurt for a coin to have a CAC, one must remember that sometimes the CAC Price Guide values coins less than the PCGS Price Guide.
You might have something there.
Sticker coins that are right on the mark, not below grade and not solid or choice.
CMV....the "goldilocks" sticker.