CAC submission advice

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I have a nice coin that I purchased a couple of years ago that I was thinking of sending in to CAC. As it is a fairly expensive coin (at least to me) I get nervous when thinking about sending it in as we have all heard the horror stories of coins that go missing. I had a DCAM 70 Ike that I paid $3500 disappear several years ago at the local post office even though it was sent certified/signature required. They tried to blame the carrier who always looked out for my boxes and she said she never saw the package….and the tracking number showed it ‘went to coin heaven’ and never left the PO for delivery… Luckily the seller had another IKE and sent it…. So my question/dilemma is this: I called CAC and asked if the coin had been submitted before so I wouldn’t risk sending the coin in if there was no chance it would bean….and they said they couldn’t release that information. So does CAC keep a list of coins that have been submitted that don’t pass/exceed that will be rejected automatically if they show up again? I’d hate to pay the fees/shipping for a coin that has no chance. Thanks for any advice on this!

TomB

I would say that CAC absolutely keeps a listing of all the cert numbers it has seen through its doors. However, if a coin is submitted again then they will evaluate it again, which means that a previously failed submission has some small chance of getting a sticker the next time around.

lermish

My most recent submission had a coin that did not pass in a visit several years before but did pass this time. Same cert #, same holder. If you really think it has a shot, give it a try.

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I am thinking of taking the coin (and possibly one other) to the American Coin and Collectibles Show next month and give it a shot. Thanks for your advice! I will post the results if I strike it lucky! 😉

PeakRarities

@TomB is correct.

MetroD

@TomB is right.

Here is your question, and the CAC answer, from their stickering FAQ page:

Source: https://www.cacgrading.com/doc/why-smart-watch-is-important/

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@MetroD said:
@TomB is right.

Here is your question, and the CAC answer, from their stickering FAQ page:

Source: https://www.cacgrading.com/doc/why-smart-watch-is-important/

Thank you. For some reason I missed that on their site. Appreciate it! Karl

Typekat

Sorry about the loss of your Ike $, but “certified/signature required” means it had no insurance at all.
Registered insured mail is the ticket for high-value items.
It’s slow, but sure.

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@Typekat said:
Sorry about the loss of your Ike $, but “certified/signature required” means it had no insurance at all.
Registered insured mail is the ticket for high-value items.
It’s slow, but sure.

Sorry….it was registered insured. The dealer dealt with the PO and made me whole so it turned out okay for me. 😉

rarity7

@knovak1976 said:
I am thinking of taking the coin (and possibly one other) to the American Coin and Collectibles Show next month and give it a shot. Thanks for your advice! I will post the results if I strike it lucky! 😉

Just remember that CAC is not doing on-site stickering or grading at the GACC show in Tampa. You can drop off coins for submission there, but they will bring them back home and they will be shipped back to you.

rarity7

Source: https://www.cacgrading.com/doc/why-smart-watch-is-important/

Also, random aside but someone at CAC seems to have forgotten to update the URL for their FAQ...

Bikergeek

My thinking: dropping off coins at a show means you save one "instance of shipping risk/expense." Also, for those who submit multiple items in different tiers of service at one time - CACG in Virginia (not sure about CAC Stickering in New Jersey) can combine the return shipment. (I was told this as I submitted 15 coins earlier this month at ANA - which were categorized into five separate submissions due to the varied values of the coins and the services (crossover vs. grade) that I needed.

And yeah - we're in a PCGS forum. And PCGS has told me that they send each order back separately. Which in this case would be "five instances of risk/expense" instead of just one. But the risks are miniscule that any one shipment will be lost or stolen; the real benefit of combined shipping to me is saving a $10 handling fee plus a minimum insurance cost per shipment.

And yeah, one shipment has "all my eggs in one basket," and someone may actually appreciate putting their eggs in different baskets. Those are the folks who believe this is a high risk endeavor. Personally, I don't.

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@Bikergeek said:
My thinking: dropping off coins at a show means you save one "instance of shipping risk/expense." Also, for those who submit multiple items in different tiers of service at one time - CACG in Virginia (not sure about CAC Stickering in New Jersey) can combine the return shipment. (I was told this as I submitted 15 coins earlier this month at ANA - which were categorized into five separate submissions due to the varied values of the coins and the services (crossover vs. grade) that I needed.

Yes, this was kind of along my thought process too. For anyone that has done this, do they help you with the paperwork or is it just a ‘drop off’ kind of thing? Thanks!

lermish

@knovak1976 said:

@Bikergeek said:
My thinking: dropping off coins at a show means you save one "instance of shipping risk/expense." Also, for those who submit multiple items in different tiers of service at one time - CACG in Virginia (not sure about CAC Stickering in New Jersey) can combine the return shipment. (I was told this as I submitted 15 coins earlier this month at ANA - which were categorized into five separate submissions due to the varied values of the coins and the services (crossover vs. grade) that I needed.

Yes, this was kind of along my thought process too. For anyone that has done this, do they help you with the paperwork or is it just a ‘drop off’ kind of thing? Thanks!

Either. Their customer service is fantastic, don't be afraid to ask them for help if you are unsure or would like some guidance.

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@lermish ……

Either. Their customer service is fantastic, don't be afraid to ask them for help if you are unsure or would like some guidance.

Thanks! I definitely will. Karl