@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Did you see this on the website?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Did you see this on the website?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
Correct, but as long as they were stickered in the specified time frame they will qualify as Legacy when/if they do cross.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Did you see this on the website?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
Correct, but as long as they were stickered in the specified time frame they will qualify as Legacy when/if they do cross.
I guess it's no big deal but I assume my coins stickered after June 5th 2023 would qualify as Legacy as well. After some thought this makes sense to me. Whether in a PCGS CAC, NGC CAC or a CACG/L holder you still have 2 opinions designated on the holder.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Did you see this on the website?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
Correct, but as long as they were stickered in the specified time frame they will qualify as Legacy when/if they do cross.
I guess it's no big deal but I assume my coins stickered after June 5th 2023 would qualify as Legacy as well. After some thought this makes sense to me. Whether in a PCGS CAC, NGC CAC or a CACG/L holder you still have 2 opinions designated on the holder.
Based on the information posted on CAC’s website, I think your assumption is incorrect. What would be the point of their cutoff date if coins stickered after it were also granted the “L” designation?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@coinkat said:
Many economists have been predicting an impending recession for months if not years... that is mold news.
The real problem is the continuation in the belief that the TPG plastic and the stickers trump what can easily be learned from a reasonable look at the coin instead of the plastic. And the continuation of excluding the coin in favor of plastic from the discussion is equally problematic.
Not really ....
For many US coin collectors who remain less confident/experienced in their own grading ....stickers are enormously helpful .
As well as bidding on coins you can't view in person...
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Did you see this on the website?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
Correct, but as long as they were stickered in the specified time frame they will qualify as Legacy when/if they do cross.
I guess it's no big deal but I assume my coins stickered after June 5th 2023 would qualify as Legacy as well. After some thought this makes sense to me. Whether in a PCGS CAC, NGC CAC or a CACG/L holder you still have 2 opinions designated on the holder.
No they would not. Coins stickered after June 5, 2023 would not get an “L”. I sent 6 PCGS coins in for crossover on the same submission. One of the six was stickered 9 days after the June 5 date. All coins received the “L” except for the coin stickered after the June 5 date.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
There are other CAC threads with all your answers as well as the CAC forum itself.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
There are other CAC threads with all your answers as well as the CAC forum itself.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Is it worth keeping anymore? Absolutely not. Throw all your coins away immediately. If it doesn't have that little L sticker its trash. As they say If it's not CACs it must be craps. THKS!
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
There are other CAC threads with all your answers as well as the CAC forum itself.
Coins with CAC stickers that are crossed to CACG slabs are eligible for the Legacy designation. That's it.
That’s not it. CAC stickered coins aren’t eligible for the Legacy designation if stickered after June 5th of last year.
Yes, that's correct. But it's in the link I supplied and it didn't seem worth confusing the issue further. He seemed to think there were multiple different legacies which is what "that's it" was meant to refer.
I'm sorry, but I must have been out walking the cat when this was explained.There's a difference between coins that CAC stickered before and coins that they are grading from scratch?
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
@fiftysevener said:
Not real obvious in CAC website what Legacy is. Where can I find definitions CAC Legacy, NGC CAC Legacy, PCGS CAC Legacy, etc. What is CAC Legacy ? I own NGC CAC and PCGS CAC material, is it Legacy stuff ? Is it worth keeping anymore. Please we need some explanation. Or no maybe I need it ?
Is it worth keeping anymore? Absolutely not. Throw all your coins away immediately. If it doesn't have that little L sticker its trash. As they say If it's not CACs it must be craps. THKS!
Please send me your unwanted CAC stuff. I'll pay shipping and handling.> @MFeld said:
@fiftysevener said:
This is quite the mess over here. Would like to hear from JA about this.
There should be no uncertainty on this subject.
What uncertainty are you speaking of?
If you’d really like to hear from JA, you’ll need to go to a different forum.
I can do more research Thanks. I've actually talked to JA a couple times myself.
@fiftysevener said:
This is quite the mess over here. Would like to hear from JA about this.
There should be no uncertainty on this subject.
What uncertainty are you speaking of?
If you’d really like to hear from JA, you’ll need to go to a different forum.
You've already reminded us that not everything you read here is accurate. Just trying to make sense of the sequence of events at CAC so far. I can go to their forum.
Most in my coin club prefer the CACG slab vs stickered. And one that’s not Legacy (fresh). However vest pocket trader friend claims legacy trade at premium plus super investment buy! The new vaultbox. He wkg on box of 20 of them plus investor flyer 4 sales promo. How is that legacy premium determined? Know a ballpark percentage (tackon) they add to ask price?
@RLSnapper said:
The mere fact that CACG felt the need to designate coins as" legacy" should tell you that tightening the screws in >grading was a part of their business model. Don't want anyone passing off an NGC MS65 CAC as a CACG MS65. >Obviously they are not the same....gotta add an L to let everyone know and more importantly to protect the market >for true CACG coins. What a bunch of crap! And for good measure we will detail grade PCGS cross over coins from >the dealers who are part of our inner circle to show just how tough we are. Gotta give JA his due.....a master class in >manipulating a market...well played.
I would just say that it would probably be best -- and fair -- for you or others to read JA's comments (I have) over at his place.
It's also instructive, IMO, to read his 2008 interview with Maurice Rosen discussing CAC stickering, and the more recent one in late-2022 with CoinWeek discussing CACG. I believe I posted a link to the latter here at CU, not sure about the former.
You read the 2 interviews and alot becomes clearer. His comments over at CAC are the icing on the cake.
Comments
Did you see this on the website?
Founder- Peak Rarities
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Will CACG remove the “L” if asked?
Okay thanks I missed that. So from that I take it that my NGC and PCGS coins that are Stickered are really not Legacy coins until they are graded CACG correct ?
Correct, but as long as they were stickered in the specified time frame they will qualify as Legacy when/if they do cross.
Founder- Peak Rarities
Website
Instagram
Facebook
I would think you can just regrade, I'm not sure though.
Founder- Peak Rarities
Website
Instagram
Facebook
I guess it's no big deal but I assume my coins stickered after June 5th 2023 would qualify as Legacy as well. After some thought this makes sense to me. Whether in a PCGS CAC, NGC CAC or a CACG/L holder you still have 2 opinions designated on the holder.
Based on the information posted on CAC’s website, I think your assumption is incorrect. What would be the point of their cutoff date if coins stickered after it were also granted the “L” designation?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
As well as bidding on coins you can't view in person...
No they would not. Coins stickered after June 5, 2023 would not get an “L”. I sent 6 PCGS coins in for crossover on the same submission. One of the six was stickered 9 days after the June 5 date. All coins received the “L” except for the coin stickered after the June 5 date.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
There are other CAC threads with all your answers as well as the CAC forum itself.
https://www.cacgrading.com/grading
Scroll down to the legacy section.
Coins with CAC stickers that are crossed to CACG slabs are eligible for the Legacy designation. That's it.
That’s not it. CAC stickered coins aren’t eligible for the Legacy designation if stickered after June 5th of last year.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The crossover is at the very least the same grade, but it could higher as well.
- Bob -
MPL's - Lincolns of Color
Central Valley Roosevelts
Is it worth keeping anymore? Absolutely not. Throw all your coins away immediately. If it doesn't have that little L sticker its trash. As they say If it's not CACs it must be craps. THKS!
The whole worlds off its rocker, buy Gold™.
Yes, that's correct. But it's in the link I supplied and it didn't seem worth confusing the issue further. He seemed to think there were multiple different legacies which is what "that's it" was meant to refer.
I'm sorry, but I must have been out walking the cat when this was explained.There's a difference between coins that CAC stickered before and coins that they are grading from scratch?
This is quite the mess over here. Would like to hear from JA about this.
There should be no uncertainty on this subject.
What uncertainty are you speaking of?
If you’d really like to hear from JA, you’ll need to go to a different forum.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Please send me your unwanted CAC stuff. I'll pay shipping and handling.> @MFeld said:
I can do more research Thanks. I've actually talked to JA a couple times myself.
You've already reminded us that not everything you read here is accurate. Just trying to make sense of the sequence of events at CAC so far. I can go to their forum.
Most in my coin club prefer the CACG slab vs stickered. And one that’s not Legacy (fresh). However vest pocket trader friend claims legacy trade at premium plus super investment buy! The new vaultbox. He wkg on box of 20 of them plus investor flyer 4 sales promo. How is that legacy premium determined? Know a ballpark percentage (tackon) they add to ask price?
I would just say that it would probably be best -- and fair -- for you or others to read JA's comments (I have) over at his place.
It's also instructive, IMO, to read his 2008 interview with Maurice Rosen discussing CAC stickering, and the more recent one in late-2022 with CoinWeek discussing CACG. I believe I posted a link to the latter here at CU, not sure about the former.
You read the 2 interviews and alot becomes clearer. His comments over at CAC are the icing on the cake.