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For those who sold coins in their collections that didn't CAC

BochimanBochiman Posts: 25,556 ✭✭✭✭✭
in U.S. Coin Forum
are you going to now send all your coins in for the SecurePLUS and sell the ones that don't get plussed?
If so, can you give me a heads-up? I might want to take some of that terrible dreck off your hands image


Seriously though, if you like a coin, does it matter if it is CAC or + or even * ?
(though, I hadn't heard of anyone only collecting coins that are *ed)

I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

Comments

  • DUIGUYDUIGUY Posts: 7,252 ✭✭✭


    << <i>I might want to take some of that terrible dreck off your hands >>





    Keets just puked. image
    “A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly."



    - Marcus Tullius Cicero, 106-43 BC
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    I know some people who sold coins merely because they did not CAC.

    And some of these coins were very nice IMO, and I would not be surprised at all if some of them ended up eventually being resubmitted and getting a +.

    And I suppose it is also possible that some of the people who decided to sell them in the first place might well want to buy them back at that point.
    Coin Rarities Online
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>are you going to now send all your coins in for the SecurePLUS and sell the ones that don't get plussed?
    If so, can you give me a heads-up? I might want to take some of that terrible dreck off your hands image


    Seriously though, if you like a coin, does it matter if it is CAC or + or even * ?
    (though, I hadn't heard of anyone only collecting coins that are *ed) >>

    It matters if it's "all (or mostly) about the money", like so many collectors accuse grading companies and dealers of. Otherwise, it shouldn't matter for (pun intended) beans.image
  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    Seriously though, if you like a coin, does it matter if it is CAC or + or even * ?
    (though, I hadn't heard of anyone only collecting coins that are *ed) >>




    100% NO, and I will not be sending in any coins for CAC or to get a plus.
    Derek

    EAC 6024
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>

    << <i>are you going to now send all your coins in for the SecurePLUS and sell the ones that don't get plussed?
    If so, can you give me a heads-up? I might want to take some of that terrible dreck off your hands image


    Seriously though, if you like a coin, does it matter if it is CAC or + or even * ?
    (though, I hadn't heard of anyone only collecting coins that are *ed) >>

    It matters if it's "all (or mostly) about the money", like so many collectors accuse grading companies and dealers of. Otherwise, it shouldn't matter for (pun intended) beans.image >>



    Good point, Mark (besides the ones on our heads image ), about "all about the money".
    I guess I still look at it from a collector's viewpoint. I have 2 coins that have CAC stickers. I paid the same amount for the coins w/ the stickers as I would have without them (one is a 1916-d merc in VG10), based on their look. I am ok with that. I had one coin, as you know, sent to CAC to learn about the process and, while I like the coin, A LOT, it did not sticker. I kept it, and am keeping it, as I agree with the grade, at a minimum, and I love the look of the coin.

    Same thing if it +s w/ PCGS, or not. I will keep the coin if I send it in. I will only send it in, potentially, for the quarterly freebie. If it makes it, great. I get a few extra registry points and I still enjoy the coin. If it doesn't. Darn it, but I move on....and keep the coin image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • BearBear Posts: 18,953 ✭✭✭
    Moldnut, that is actually fine and I suspect many will do the same.
    This new service will be for those that choose to make use of it, for
    their own collector interests.Some collectors want the best and are
    willing to pay for it. This may be crazy, but since it is their money
    what ever makes them happy is fine also.
    There once was a place called
    Camelotimage
  • ambro51ambro51 Posts: 13,956 ✭✭✭✭✭
    no sir. IM not playing this game. not at all. Period.

    There are a few I want to get holdered...but hate to say it, they are going ATS. only they do the proof like designation for Gold dollars.


    In about X years when coin number 80 enters the set....then MAYBE ill have them pedigreed and pick a service.
  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    You are correct Bear, everyone should do whatever that want. But all this + and CAC thing seems to be just getting way over the top. Hell, there is even a high profile dealer complaining about how her coins didn't get a +. I'm sure last she looked it was the same coin when it can back to her. If she liked it before there should be no reason why she shouldn't like after. I'm just saying.
    Derek

    EAC 6024
  • BearBear Posts: 18,953 ✭✭✭
    Look at it this way, It is like playing the lottery , only the odds are better

    then playing the state lottery. It ads a little excitement to ones life.image
    There once was a place called
    Camelotimage
  • yellowkidyellowkid Posts: 5,486 ✭
    I will admit that when I am paying a big premium for a toned coin a sticker , or *, or now a plus does make it a bit easier to write the check. I don't think I will be sending anything in for a regrade though.
  • BearBear Posts: 18,953 ✭✭✭
    I will get rid of every coin that does not get a MS-70+ with a gold bean and a * to boot.
    There once was a place called
    Camelotimage
  • abitofthisabitofthatabitofthisabitofthat Posts: 2,142 ✭✭✭
    I sent about 60 coins from my collection to CAC when they started up. IMO, since I expect to be collecting for a very long time, it was a cheap way to get the opinion of someone with one of the best eyes in the business to review and comment on what I had collected so far. Only about 7 or 8 coins failed to sticker. I took this as an opportunity to really evaluate them, why I had bought them, if I should keep them, if I agreed or disagreed with CAC. I ended up selling 4 or 5 and keeping three. I found it very educational. The coins that failed to sticker (the one's that I sold) were the weakest coins in my collection, and some were bought becasuse they were cheap at the time. I believe that I probably would have trimmed them out of my set at some point anyway. On one coin, I learned how to detect something, the effect of dipping a CN Proof IHP, that I did not know before. The coins that did not sticker that I kept, I really like and respectfully disagree with CAC.

    I found that the process of sending my collection in to CAC made me take a more critical look at what I had done, and it has made me a better collector going forward. It was worth every cent that I paid.

    merse

  • AngryTurtleAngryTurtle Posts: 1,589 ✭✭✭


    << <i>I sent about 60 coins from my collection to CAC when they started up. IMO, since I expect to be collecting for a very long time, it was a cheap way to get the opinion of someone with one of the best eyes in the business to review and comment on what I had collected so far. Only about 7 or 8 coins failed to sticker. I took this as an opportunity to really evaluate them, why I had bought them, if I should keep them, if I agreed or disagreed with CAC. I ended up selling 4 or 5 and keeping three. I found it very educational. The coins that failed to sticker (the one's that I sold) were the weakest coins in my collection, and some were bought becasuse they were cheap at the time. I believe that I probably would have trimmed them out of my set at some point anyway. On one coin, I learned how to detect something, the effect of dipping a CN Proof IHP, that I did not know before. The coins that did not sticker that I kept, I really like and respectfully disagree with CAC.

    I found that the process of sending my collection in to CAC made me take a more critical look at what I had done, and it has made me a better collector going forward. It was worth every cent that I paid. >>


    image
    This sums up my philosophy very well. I take every submission as a grading learning experience, and have greatly improved my grading skills this way. I only own a couple of CAC coins, and have not submitted any to CAC or SecurePlus, but if I do it will be exactly for the above reason.

    The current market dictates (I think) that before selling a large collection you submit to one or the other, CAC or SecurePlus, so sooner or later it will be done to my collection, I may do it sooner rather than later for exactly what "Abitofthisabitofthat describes.
  • MrEurekaMrEureka Posts: 24,448 ✭✭✭✭✭
    Seriously though, if you like a coin, does it matter if it is CAC or + or even * ?

    Why not just ask "If you like a coin, does it matter if it's slabbed?" And the answer to both questions is the same. It matters if you lack the skills to expertly judge the coin on your own, or if you think you might one day want to sell it to somebody that lacks such skills. In other words, it only matters if you're not Dorkkarl.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Okay, I'll bite. I have sold a couple of coins that did not sticker. Once the problems were pointed out to me, I no longer enjoyed viewing these coins.

    I think that the + is a different ballgame. I have submitted three coins, all of which are bedrocks of my collection, and none of which will be sold as a result of the + decision.

    I found that the process of sending my collection in to CAC made me take a more critical look at what I had done, and it has made me a better collector going forward. It was worth every cent that I paid.

    I agree with this statement.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • TomBTomB Posts: 22,118 ✭✭✭✭✭
    My opinion is aligned quite well with abitofthisabitofthat, MrEureka and RYK, which is a nice trio to find oneself for numismatic agreement. Additionally, I would suspect that oreville would join us in this group, too.

    At this point I do not see myself using the SecurePlus service largely because it is quite a rare event for me to submit a coin for TPG certification. The NGC star program has also in the past meant little to me since it is based upon very subjective eye appeal only and at the exclusion of where a coin might fall within a grade range. However, the CAC option has been one tool that I have been willing to evaluate since the stated goal of CAC is to examine coins for not only appropriateness of grade, but also for surface damage or manipulation. In this respect, CAC is a tool similar to the tools of TPG certification, knowing how to use a loupe, learning how to spot altered coinage and understanding the grade range for coins of interest. Historically, I would imagine that most collectors did not embrace the personal responsibility to honestly and critically evaluate any possible alterations on their coins and this would likely be extended to gaining the knowledge to grade with accuracy and precision. The advent of the TPGs has allowed the newer generations of collectors and even dealers to be completely or nearly completely ignorant when it comes to these personal responsibilities. I have never wanted to find myself unprepared in this hobby-industry and have gained as much practical knowledge as possible and done my research when appropriate. Therefore, I believe it to be quite dangerous financially to those who issue blanket statements that one will never use a tool that might be of help.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    What he said. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • renomedphysrenomedphys Posts: 3,855 ✭✭✭✭✭
    I bought a coin from a collector that did not CAC at a nice price. It is quite possibly my favorite coin.

    I would be happy to tlake some of your CAC rejects. You obviously thought they were submission worthy, and that says a lot.

    Empty Nest Collection

  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>I bought a coin from a collector that did not CAC at a nice price. It is quite possibly my favorite coin.

    I would be happy to tlake some of your CAC rejects. You obviously thought they were submission worthy, and that says a lot. >>


    Okay, so you are saying that you want to buy the coin from me in which I missed the old cleaning, the AT jobs, the putty, etc. Great, I will contact you first next time this comes up. image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • yellowkidyellowkid Posts: 5,486 ✭


    << <i>

    << <i>I might want to take some of that terrible dreck off your hands >>





    Keets just puked. image >>

    image

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