Anyone else send a submission to CACG today?
ironmanl63
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Just dropped my first submission to CACG at the post office today. Any one else get a package off today?
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Aren’t they still blocking everyone from submitting except investors in the company?
No, that period ends today, and they are open for submissions to all members.
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Initially when the whole thing started I was going to send them some business. But the hype has worn off and I will continue to send my business to PCGS.
I will use all 3 top tier services when appropriate for me. This is my first to CACG.
I have finalized my selections and will have my first CACG submission in the mail tomorrow! Should be interesting.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Good luck. I am really interested to see how they grade. Most of the 16 coins I submitted for cross have a minimum grade higher than that already on the holder. Mostly old holders I do not want to loose unless the upgrade. I hope I don't get spanked!
Good luck with your submission as well, all my coins are raw, it could be quite the learning curve.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Here’s an example of how CACG handled a cross over for those that are interested
PCGS MS65 & CAC sticker
To CACG 65+
I'm sure you'll post the results, this will be informative to watch how it evolves, good luck.
I sent in a small submission of 6 coins this morning.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
Not me.
Be prepared for the worst if you are submitting raw or non CAC coins to CACG. Read Gerry Fortin's blog to see the terrible results he had and his spin on the results. A respected expert in seated coins got hammered by JA and his crew. It only makes sense to submit legacy NGC coins to CACG IMO.
I look forward to assembling a few submissions later this week. Gerry Fortin’s submission noted above certainly illustrates some coins that at least in part could likely see a straight grade elsewhere but apparently not at CACG. It will be interesting to see how this all unfolds among all stakeholders in the hobby.
Thanks for the reference to Gerry's blog - I have had it bookmarked and is not new to me. I would encourage others to check it out - particularly to get a full understanding of the comments. I did not view it as Gerry suggesting he got 'terrible results' or got 'hammered'; moreover, an interesting commentary on how CACG grading will affect the TPG market in general. Your point about being selective on submissions is well taken
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Scroll down to Friday September 29th:
http://www.seateddimevarieties.com/DailyBlog.htm
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
I'm noticing those tabs holding the dimes really stand out.
Well good question. I was averaging about 60 percent sticker rate on my submissions. The last batch I sent, out of 8 coins only one stickered!! Ouch.. And I had to pay this time, double ouch. So I'm waiting.... In the meantime my PCGS membership auto renewed so I need to use those up first.. My stickered coins I might send in for reholdering but I need to see how the market reacts to these new holders, I need more data I guess...
The coins seem to match the grades given?
The Cleaned 1860 & 1877 seem pretty obvious. The Cleaned 1876-CC and 1876-S would be harder to catch.
From the pictures here, yes I agree.
If only CACG would let us poor plebes into the club. been on the CAC “wait list” for more than a year.
I understand they want to reward early supporters and get their operations to a place where they can process the volume, but it’s overly frustrating.
@johnny010 @DisneyFan I don't know if you read the blog but these were not run of the mill coins. From the blog. "Thursday brought Doug the Mailman to our door step with a return shipment from CAC Grading. Within the 20 pieces economy level submission were 9 Liberty Seated dimes from the reference collection. Nearly all are web-book plate coins."
"When studying the three Seated dimes that did straight grade, as a whole, versus the balance of the Details graded pieces, it became immediately apparent is to what the CACG expectations are. This one submission has already changed the way I will be looking at coins during dealer trading at major shows. For the average collector, that educational experience will take considerable time as CACG holdered coins filter into the market place. Some collectors will remain comfortable with current PCGS and NGC standards and will no desire to become involved with CACG in the near term. There will be anguish and denials among many collectors as their prior calibrations for originality are up ended."
Gerry is a backer of JA and CACG....has years of expertise in a niche area and virtually admits to being blind sided by the grades he received. For the average Joe it's hard enough to figure out PCGS grades....I will leave CACG to the experts like Gerry.
I find it a bit ironic that on CACG Details coins the holder still has the green bean of solid for the grade. Maybe JA should leave off the green bean for Details coins.
Just a tiny clarification. I don't think Gerry was blindsided by the "Grades", but was blindsided by the "Details" categorization.
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
Good points
I think CACG has been transparent they will grade as they see fit and there’s a standard they are going to set. If following the norm was expected by anyone I think the stage is now set.
I’m not sure what a web-book plate coin is. Were the coins raw or were they submitted in a slab as a cross at any grade either details or non details?
CACG is seemingly going to be very conservative but twenty coins is not a big enough sample size to draw any conclusions.
Gerry Fortin is recognized not only with tremendous expertise in Seated Lib coins, but is innovative, in that about a decade ago he put together a FREE web version for collectors of a compendium of Seated Lib Dimes and most varieties. Gerry uses coins he buys for HIS collection, and uses photos of the best examples for that free publication. Those photos are what he's referring to when he says these are "web-book plate coins".
All of these coins were straight graded. I believe the vast majority had been graded by PCGS, but some by NGC. Submitted to cross at any grade, hence the six new Details CACG slabs
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
Order logged in as received today. The wait begins.
Does anyone here have any experience with turnaround times? I know they just opened to collectors but dealers have been submitting for a few months already.
The “soft launch” where the investors submitted took extremely long (3 months?), but they were working out the kinks and having issues with getting the inserts. I would hope that they waited until they could process submissions with reasonable efficiency before they opened to members, but this will be the first real test.
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Thanks for the info. I think it will be fun to see how this order goes. Pretty exiting to have one of the first submissions for collectors. I will keep sharing as the order progresses so anyone who wants can follow along with me!
As Dan says, the lack of several of the plastic collars/inserts was the holdup. I heard that if one had an order in for 10 coins, and collars were available for 9 of the 10, the order would not get completed with grades released and coins shipped until all coins in the order were completed.
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
Status was updated to grading today. Pretty shocked it moved so quick. Will let you know when it changes again.
That is pretty fast. Mine was logged in today, hopefully it will also progress to grading after one day. I’ve had a submission sitting in Received at PCGS. for a week now.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
No interest here. Two major grading services are enough for me. I will continue to buy CAC stickered coins, when I can.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I’m getting the feeling the real winners coming from cacg are going to be pcgs & ngc. I would think this pile of details coins is now going to end up being cracked and REsubmitted to pcgs/ngc to try and get their straight grades once again so they have an attempt at some value and salability. Pcgs/ngc gets the first bite of the apple, and now they’re getting the last bite as well.
In that other thread a person asked if cacg was taking away business from pcgs resulting in quicker current turnaround times. Looking at a submission like this, I would argue pcgs turnaround times should increase in the near future.
It appears the way to submit to cacg is crossover for straightgraded coins to save added expenses down the road. Does anyone know if they charge a cross fee (like the 1% premium pcgs does)?
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I’m waiting for the stories of CACG detail coins cracked out and resubmitted into a straight grade CACG holder.
Nothing about a GP in the "submission pricing" for "crossover".
Source: https://www.cacgrading.com/pricing
No, they do not. Also, I agree that many will probably play arbitrage with the CACG details coins.
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My order shows to be in postgrading. No results are shown but looks like the coins have already been graded. Unbelievably fast movement so far.
That is great news.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
No, I haven't decided to send to CACG. I'm still a "Kool Aid" drinker here! LOL!
My order was a day behind you when your went from received to Grading. Mine did go to grading the following day. It will be interesting to see if it goes to postgrading tomorrow.
That’s a span of 5 days……..lightning fast.
Edited: just checked, postgrading here also.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
I hope you have better results then Gerry did
Good luck
Mike
My Indians
Danco Set
Earlier in the thread ironman wrote that all (or most) of his submission is crossovers with minimum grades specified, so while we don't know his results, I'm pretty sure that he will not face the issues that Gerry encountered.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
My bad
It was you I was wishing luck to...............
Mike
My Indians
Danco Set
I could use the well wishes! I am going to assume you were wishing me luck as well. LOL
Thanks, I have no doubt that I will need all the luck I can get.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Of course
Best of luck to both of you
Looking forward to the results
Mike
My Indians
Danco Set