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**Poll: How will CAC be affected by the new PCGS announcements?

GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭
in U.S. Coin Forum
How will the 'Big One' impact on CAC submissions?

Comments

  • GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭
    'Will see a major increase in Submissions' 5 votes image
  • MarkBenMarkBen Posts: 154
    If you want to sell a coin, the CAC sticker is the way to go. If you get a CAC sticker, then there is a chance that the coin will get a PLUS if regraded, and that future opportunity might impact the price. If, on the other hand, you send the coin in for Secure Plus and it doesn't get the PLUS, then you are stuck and you now have plastic that is less valuable, because the coin will never get a PLUS.

    It seems like it is dangerous to spend the money to regrade a coin just to try to get a plus.

    PCGS made a mistake by marrying the PLUS grade with the SECURE holder. They should have just gone with the SECURE holder to get started.

  • GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭
    It seems like it is dangerous to spend the money to regrade a coin just to try to get a plus.

    How Much $$$$$$ ???? image
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  • LongacreLongacre Posts: 16,717 ✭✭✭
    Stickered coins will be resubmitted to be Plus'ed, which will then get resubmitted to be Stickered again. Simple.
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  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Stickered coins will be resubmitted to be Plus'ed, which will then get resubmitted to be Stickered again. Simple. >>



    The way I read it stickered coins are a larger population than +'d coins so only PQ stickered coins will plus. If they don't plus, they'll come back in the holder with the bean still on them. --Jerry
  • rld14rld14 Posts: 2,390 ✭✭✭
    I think that if the plus grading applied to all coins submitted that it might have a bit of an effect. However, it only applies to coins submitted under higher tiers of service, will ultimately cost a LOT more than submitting to CAC and only applies to certain grades.

    So I think I'll still end up sending my VF-XF Barbers in for stickering.

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  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    I see the two services having overlapping but not identical roles. There is room in the market for both.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>Stickered coins will be resubmitted to be Plus'ed, which will then get resubmitted to be Stickered again. Simple. >>



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  • PQpeacePQpeace Posts: 4,799 ✭✭✭
    I think CAC will fade away..
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  • RogerKintRogerKint Posts: 51
    PCGS just confirmed the need for a TPG to certify PQ coins - would you rather that be done by the TPG doing the original grading or an independent third party grader? Food for thought -
  • GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭


    << <i>I think CAC will fade away.. >>



    Wow!! image
  • AlbaJohnAlbaJohn Posts: 32
    Mr Shapiro-
    are you a betting man?
    AlbaJohn
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>I think CAC will fade away.. >>

    Larry, I take it that means you did not do well on your most recent submissions to CAC?image
  • mommam17mommam17 Posts: 971 ✭✭✭
    Great coin improvements for PCGS that will not affect NGC or CAC. Business as usual.
  • gsaguygsaguy Posts: 2,425 ✭
    I'll predict that one day there will be so many stickers on the holders that you won't be able to see the grade or the coin.
    image
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    CAC will come out with a new sticker, it will be the green football with a plus sign on it.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • PerryHallPerryHall Posts: 46,847 ✭✭✭✭✭


    << <i>I'll predict that one day there will be so many stickers on the holders that you won't be able to see the grade or the coin. >>

    image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>I'll predict that one day there will be so many stickers on the holders that you won't be able to see the grade or the coin. >>

    That might be THE ultimate solution to all of the disagreements about grades of coins.image
  • RotatedRainbowsRotatedRainbows Posts: 2,085 ✭✭
    You forgot the option of "To early to tell".
  • gsaguygsaguy Posts: 2,425 ✭


    << <i>You forgot the option of "To early to tell". >>



    Good point Puff. Sometimes written, "Too early to tell".
    image
  • mommam17mommam17 Posts: 971 ✭✭✭
    PCGS or NGC coin, with a CAC sticker on a coin I love, is very good.
  • aficionadoaficionado Posts: 2,309 ✭✭✭
    CAC was nothing before and is even less now.

    bye bye

  • bushmaster8bushmaster8 Posts: 5,616 ✭


    << <i>CAC was nothing before and is even less now.

    bye bye >>



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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    CAC was nothing before and is even less now

    CAC has seriously damaged the pricing on all but the nicest of NGC coins. I'd say that was a very significant effect. It's had a somewhat similar but much smaller effect on PCGS coins.

    CAC will get more submissions as RYK alluded to. It's going to come to a point where not having some sort of additional "attribution" (plus, CAC, star, eagle eye, etc.) will make one's coins much more difficult to sell for average to solid money per the commonly published sheets/price guides.

    roadrunner
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  • GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭


    << <i>You forgot the option of "To early to tell". >>



    Thanks I combined it with 'Unsure' image
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>CAC was nothing before and is even less now

    CAC has seriously damaged the pricing on all but the nicest of NGC coins. I'd say that was a very significant effect. It's had a somewhat similar but much smaller effect on PCGS coins.

    CAC will get more submissions as RYK alluded to. It's going to come to a point where not having some sort of additional "attribution" (plus, CAC, star, eagle eye, etc.) will make one's coins much more difficult to sell for average to solid money per the commonly published sheets/price guides.

    roadrunner >>

    I don't understand your first point. Many NGC coins were already languishing long before CAC was formed. And it seems to me that CAC put a good many NGC coins on equal footing with PCGS coins, when they wouldn't otherwise have been. That has been my experience in buying and selling PCGS and NGC coins.
  • JJMJJM Posts: 8,089 ✭✭✭✭✭
    Agree big time
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  • GoldbullyGoldbully Posts: 17,939 ✭✭✭✭✭


    << <i>

    << <i>CAC was nothing before and is even less now

    CAC has seriously damaged the pricing on all but the nicest of NGC coins. I'd say that was a very significant effect. It's had a somewhat similar but much smaller effect on PCGS coins.

    CAC will get more submissions as RYK alluded to. It's going to come to a point where not having some sort of additional "attribution" (plus, CAC, star, eagle eye, etc.) will make one's coins much more difficult to sell for average to solid money per the commonly published sheets/price guides.

    roadrunner >>

    I don't understand your first point. Many NGC coins were already languishing long before CAC was formed. And it seems to me that CAC put a good many NGC coins on equal footing with PCGS coins, when they wouldn't otherwise have been. That has been my experience in buying and selling PCGS and NGC coins. >>



    Mark, in a perfect world, all NGC graded coins should cross to PCGS 100% of the time.
    Wouldn't it be fair to say that at least 50% should cross at any given time as NGC and PCGS are the premier TPG leaders.
    Why is it that my crossover rate is <20%??

    Thanks in advance.

    Mike
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭


    << <i>I'll predict that one day there will be so many stickers on the holders that you won't be able to see the grade or the coin. >>



    image
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