Hansen going CACG?
Boosibri
Posts: 12,108 ✭✭✭✭✭
Boosibri
Posts: 12,108 ✭✭✭✭✭
Boosibri
Posts: 12,108 ✭✭✭✭✭
Comments
Some of his collection at least, don't know if he will convert it all.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The whole worlds off its rocker, buy Gold™.
I really like the color scheme on that label. Way better than the usual CAC label!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
This seems like a good opportunity for PCGS to start stickering CACG coins.
Is it for sale somewhere? I wonder if it's just a dealer who decided to convert his coins before selling them.
The post says that the coins will be on display at FUN which I read as being in the core DLH collection.
Latin American Collection
CAC had a full set of DH Hansen (owned by Hansen) Barbers on display at FUN, I do not think it was his top set but it was a complete or mostly complete set as I recall the press release. I think someone here posted a pic of the display in a show report.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
What's the advantage of going through the incredible expense of changing slabs? I assume these coins will no longer be eligible to be in any of the PCGS registries which hurts their marketability among those putting together PCGS registry sets.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
once you go CAC you never go back
If I was leading CACG, I would slab them for free.
Latin American Collection
Maybe Hansen is more interested in having a high ranking set in the CACG registry than marketing them as a PCGS registry product. In theory couldn't he have the same coin in both PCGS and CACG registries if PCGS is never informed of the crossover?
Mr. Hansen may be a member of the investment group.
End Systemic Elitism - It Takes All Of Us
You never really know, maybe they are? It’s certainly not bad marketing.
Wouldn’t surprise me.
Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.
Good . Maybe PCGS won't take so long with my submissions, now.
I've had the pleasure of testing the CAC registry beta software. When the CAC registry goes live I think many people will eventually prefer it for several good reasons.
Yes, Mr Hanson is one of many CACG investors.
There were several of his coins on display at CACG's booth at FUN, including the 1912 Barber half.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
That's what CMQ is for. There has to be an entity that can reject CACG coins in order to maintain balance in the world of grading.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Well in addition to the many points already made, for Mr. Hanson the cost is hardly a consideration. Additionally he has been dominating the PCGS registry for the past 5-10 years or so, maybe changing to another registry is a new challenge for him, and of course it never hurts to promote something your an investor of.
I think, and hope that Mr. Hansen will have better integrity than that, I know that some (including some on this forum) have no truck with doing this and do just that. But I see it as a signal of poor morals and lacking in honesty.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I'm not sure that any registry set is a challenge when you have a bankroll like Hansen's. At that point the only problem is finding the coins and even that's not hard when I'm sure he has several dealers looking for whatever he needs.
Has CAC even started a Registry, yet??
I don't see it anywhere on their site.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Will it include stickered coins in PCGS/NGC holders?
CACG Registry anticipated to be live April 7.
End Systemic Elitism - It Takes All Of Us
Thank You. That's good information.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Yes.
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
It would be wise for CACG to holder his crossovers for free or a steep discount, for the marketing value alone.
I do say, I’ve been very impressed by the CAC photos I’ve seen lately.
CACG’s photography is pretty solid from what I’ve seen, but it’s worth mentioning that the Hansen coin—as shown in the Instagram post included in the OP—appears to be a digitally edited mockup.
It looks like the obverse “Image Secure” shot was layered onto a slab image. Here is the Image Secure shot and the actual slab shot from CAC’s database:
Incredible coin though!
Nothing is as expensive as free money.
If that coin is anywhere near that dark, I'd pass. Very ugly in my opinion.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think the coin looks not quite as good in the slab shot but that embossed Small Eagle on the label looks pretty damn boss.
Chopmarked Trade Dollar Registry Set --- US & World Gold Showcase --- World Chopmark Showcase
So... where can you buy a suit with a coat lapel cut like that?
I didn't think collar bars were still a thing.
Sadly these are the pertinent questions if one plans to make the Best Dressed Collectors' list.
If you are unable to afford six figure coins, one can at least dress and give the impression that you can.
And I would not have posted this if it were not for an experience I had at a major show in within the last 3 years which will not be shared.
Experience the World through Numismatics...it's more than you can imagine.
‘’I've had the pleasure of testing the CAC registry beta software. When the CAC registry goes live I think many people will eventually prefer it for several good reasons. Yes, Mr Hanson is one of many CACG investors.’’
I won’t be one of them, unless they also allow PCGS coins in their registry and I happen to decide to list my sets in a second place. I’ve “signed up” with PCGS and I don’t “jump ship” (even if, hypothetically, for a bit more money). Best of luck to Mr. Hansen (and CACG though).
Wondercoin
I thought they were gonna have a separate registry for PCGS/NGC coins, regardless of whether or not they were stickered.
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 thought they were gonna have a separate registry for PCGS/NGC coins, regardless of whether or not they were stickered.
I haven’t been paying any attention. Too busy trying to improve the core PCGS Registry sets I am currently working on.
Wondercoin
Ok, thanks. I guess we’ll find out in April.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
From my understanding, CACG will have TWO separate Registries - one for ALL coins in PCGS, NGC, and CACG holders, with or without stickers, and a separate set for coins in holders of those same TPG’s, but PCGS and NGC holders MUST have CAC stickers for this second (tougher) Registry! As such, one can fully partake in BOTH Registries without ANY need to cross coins to CACG!
Steve
Good news! See my comment above!
Steve
Yes, see my comments above.
Everything I’ve said is what JA described MANY months ago. While I have not heard anything is different from what I said, who knows? It’s always possible changes may have been made in their plans. Presumably we’ll all find out next week.
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
If Hanson is one of the owners of CACG and they are slabbing his coins, isn't that a conflict of interest or at least gives the appearance of a conflict of interest? The graders must certainly recognize his coins since they give them a fancy label with his name on it. If a coin is on the border between a B coin or a C coin, could the graders be consciously or subconsciously influenced to give the coin the benefit of the doubt?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Thank you for the info Steve. It would seem that Hansen crossing to CACG may be more to help sell his brand than to participate in the registry. Regardless, it will be interesting to see how CACG does compared to the more established PCGS registries and the more recent MyCollect ones.
My understanding, again based on information provided many months ago, is that unlike PCGS, coins selected to fill slots in a Type Set, will have weights assigned by CACG depending on how common or tough that date is.
The following detailed example will hopefully make this complex point clearer: Let’s say for a basic Type Set, one Morgan Dollar is needed. With PCGS, that slot itself is weighted (a lower weight than the slot for a Seated Dollar), but more importantly, with PCGS, any dated Morgan dollar chosen to fill that slot gets the same number of points as any other for the same grade. A common 1880-S graded MS65 will have the same weight as a tougher 1895 MS65 chosen to fill that one slot for a Morgan dollar.
As such, with my PCGS Type Set, I’ve chosen to buy the more common dates in higher grades, than tougher dates in lower grades to fill slots, as that will provide more Registry points. But there are some collectors who prefer to buy tougher dates to fill those slots in a Type Set. Since those coins are typically lower in grade, they get “punished” by getting fewer registry points, even though the market value of those tougher dates in the lower grade might be multiples more valuable than my high grade common dates!
My understanding is that with the new upcoming CACG Registries, the “formula” for weighting coins that fill each slot in Type Sets will be weighted to give a fairer point score to a rarer date in a lower grade compared to a much more common date in a higher grade.
Will that “hurt me” in the CACG Registry Type Sets with me using common dates in high grades? Absolutely! But I recognize that’s a much fairer system, leveling the playing field, for Type collectors who choose to get tougher (rarer) dates for slots in their Type Set!
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
If Hansen has the pocket why not? Envision a display case at a show that’s nothing but CACG. Stacks of them.
Do you have the money buy some?
Are you going to step up and pay the money?
I could offer BBQGC stickers - "Burton's Blind Squirrel Grading Conglomerate" with the motto "Occasionally Our Stickers Make Sense".> @PerryHall said:
Coins are graded in flips. The labelling happens AFTER.
ANA 50 year/Life Member (now "Emeritus")
Not for Crossovers with a minimum grade requirement!
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
Can you guarantee that when a group of ultra rare coins come into the grading room, they never have any idea who owns them?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
In all seriousness, you know that a guarantee of that type can't be made, as some coins are easily recognizable as being in very well-known collections.
If you owned a grading company and were calling the shots, what would you have the graders do when presented with such coins for grading?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Isn't that how the PCGS set registries work with their weighting system? I'm not sure I see how this is different.
I thought it was obvious that it was a rhetorical question. I don't own a grading company so your question is irrelevant and I assume it's also rhetorical. Do you agree that there's at least the appearance of a conflict of interest when one of the owners of a grading company has his personally owned coins graded by his company??
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think to start, it is the responsibility of companies to remove the most egregious and clear conflicts of interest, which CACG and the other services have done a fairly good job of doing.
From there, you have to assume positive intent. It is completely impractical to eliminate all conflicts, real or perceived. The more we as individuals focus on the unavoidable exceptions, the more we drain ourselves of the energy to enjoy the hobby.
Latin American Collection
Many of the well known dealers are also part owners/investors in CACG.
Latin American Collection
It was obvious that your question was rhetorical and mine was largely so, as well. But I was trying to highlight how in some cases, potential conflicts of interest are unavoidable.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Absolutely NOT! While each slot has its own weight, coins of ANY date that qualify for that slot are all treated the same with PCGS, but presumably will not with CACG. So in the example i gave of a Type Set that requires one Morgan Dollar, a common 1880-S graded MS65 will have the same number of Registry points as a much rarer (and MUCH more expensive) 1895 Morgan Dollar graded MS65 filling that one slot with the PCGS Registry, but with the CACG Registry, that slot filled by a rarer coin will have more Registry points than a more common date filling that same slot!
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
If I understand you correctly, you're saying that if I choose to complete a date set with an MS63 1893-S Morgan (very expensive) instead of an MS63 1893-P Morgan (much cheaper), I'll get more points for using the S?
That doesn't sound like a very good way to do things. If a collector chooses to fill a slot with a difficult (expensive) coin instead of a cheap one, that their decision, but the "competition" shouldn't be about finding the most expensive coin for the slot, but rather which one is graded highest. I had always thought that the idea of a registry set was to reward the highest graded sets, not the most expensive/rarest/etc.
This also seems like it is only an issue for sets like date and type sets.
While i used Type Sets in my example, the same would indeed hold true for DATE sets.
I understand your point and logic, and that is indeed how PCGS handles their Registry DATE and Type sets. But CACG is looking to balance things a bit by giving more weight to coins that are rarer filling a slot, compared to a more common dated coin filling that same slot.
As noted, the CACG weighting system will hurt my Type sets (and my several DATE sets as well), as I've always strived for the highest grade affordable, so that means common dates), but I understand their logic too.
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