What does CAC mean related to a coin?
NoPole
Posts: 46
What does CAC mean related to a coin?
Does it mean high end for the grade?
Solid for the Grade?
A coin for sale by one of the CAC owners?
PQ eye appeal?
Its a little confusing any ideas what the CAC sticker means on a coin?
Edited for spelling
Does it mean high end for the grade?
Solid for the Grade?
A coin for sale by one of the CAC owners?
PQ eye appeal?
Its a little confusing any ideas what the CAC sticker means on a coin?
Edited for spelling
0
Comments
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
In honor of the memory of Cpl. Michael E. Thompson
<< <i>Do a search for CAC, and many of your questions will be answered. >>
Have any of these threads ever made it to the archive?
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>What does CAC mean related to a coin? >>
It means that it will cost you a lot more than an identical coin without a CAC sticker.
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>
<< <i>What does CAC mean related to a coin? >>
It means that it will cost you a lot more than an identical coin without a CAC sticker. >>
Generalizations like that are absurd and misleading.
Best,
Eric
Gold bean is undergraded at least one grade based on the given grade.
He who knows he has enough is rich.
wondering this in the last week.
Exellent question NoPole and welcome aboard
Steve
<< <i>The CAC sticker (in green) could be taken to mean the coin is solid for the grade on an "A", "B" and "C" scale as was said used to be used among dealers. The green bean would be a "B". I think the gold sticker indicates the potential for upgrade in the opinion of the sticker folks - an "A" coin. >>
This is not correct. A & B coins get a green bean. Gold beans are reserved for under-graded coins.
<< <i>However this does not mean that a grrens ticker still can't be undergraded, we have all seen instances where a green beened slab later was upgraded in a new holder, in fact I own such asn example. >>
And downgraded.
<< <i>
<< <i>The CAC sticker (in green) could be taken to mean the coin is solid for the grade on an "A", "B" and "C" scale as was said used to be used among dealers. The green bean would be a "B". I think the gold sticker indicates the potential for upgrade in the opinion of the sticker folks - an "A" coin. >>
This is not correct. A & B coins get a green bean. Gold beans are reserved for under-graded coins. >>
Yes, thanks for clarifying what I was trying to say.
Eric
WS
<< <i>Which brings us back to the question, why bother other than to jack up the value. I mean to hear Legend Numismatics, they only want CAC coins. But if the coin can get downgraded, why bother?? Second opinion? sure, I guess. But there is no GUARANTEE folks.
WS >>
Death and taxes are the only guarantees in life.
<< <i>However this does not mean that a grrens ticker still can't be undergraded, we have all seen instances where a green beened slab later was upgraded in a new holder, in fact I own such asn example. >>
So do I. A $10 Lib that was in a PCGS MS62 holder. I sent it to CAC and it got a green bean. I then sent it back to PCGS where it upgraded to MS63. Back to CAC for another green bean.
-- I sent it to PCGS for crossover... and it popped out at VF20.
-- Maybe a year later I sent it in for regrade in the holder... and it popped out at VF30.
-- A few years later I sent it to CAC... presto, green bean.
Hmm...
<< <i>I bought an NGC MS65 coin with CAC. It crossed to PCGS MS64. Can I send this evidence to CAC and be guaranteed a gold sticker? I doubt it, but they should. >>
If it's a famous coin that everyone knows about, it seems that they'll do that... one example that comes to mind is the 1909 VDB Proof that was a NGC PR68*RB with a green bean.
When PCGS "downgraded" it to PR67RB, then eventually to PR67+RB, it quickly showed up with a gold sticker on it.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
edit to apply a coat of serious:
In essence, JA works for dealers & collectors through the top 2 grading companies. And it's clear to see he does a fantastic job for both of them.
<< <i>It also means, by default, (if you will,) ...that the afore-mentioned primary group doesn't feel that NGC/PCGS et al, can necessarily grade accurately, with any true consistency. (Note: I'm not offering my opinion here on that issue.) >>
This is not true. Let's say that PCGS/NGC accurately grade every coin submitted to them. That wouldn't mean that every coin would get a CAC sticker.
Franklin-Lover's Forum
<< <i>
<< <i>What does CAC mean related to a coin?
Does it mean high end for the grade?
Solid for the Grade?
A coin for sale by one of the CAC owners?
PQ eye appeal?
Its a little confusing any ideas what the CAC sticker means on a coin?
>>
It means that a group of people who did not grade the coin, agrees with the people who graded the coin, as to the grade of the coin... with 'Green' being "OK" and 'Gold' being "better than OK" (somewhat roughly spake.)
It also means, by default, (if you will,) ...that the afore-mentioned primary group doesn't feel that NGC/PCGS et al, can necessarily grade accurately, with any true consistency. (Note: I'm not offering my opinion here on that issue.)
Some people want more than one opinion, and since they cannot make determinations of quality on their own, (not putting them down, mind you,) they are willing to pay a modest fee for a 'confirmation'.
On very expensive coins, it might actually not be a bad idea, though one has to keep in mind this *is* all about opinions, not literally quantifiable numeric statements of quality/value.
Grading is as much art as science, so to speak, and unfortunately, thus far the standards remain... 'transient', (for lack of a more diplomatic term.) This is due to the profit-based nature of the hobby/industry more than a real 'impossibility' of fixed standard. >>
If you go to a show with the mind set that you will only buy coins with CAC stickers, you stand a good chance of missing some good buys. As for myself I buy the coin if I like it. If it has a CAC sticker, it comes along with the ride.
The only time I really looked for the combination of a specific grade, MS-64, plus a CAC sticker was when I was shopping for the Pan-Pac $50 gold slugs. I had read so many of these coins had been treated with putty and other fixes that I thought it made sense to look for pieces with the sticker. If for nothing else I figured it would make the re-sale of these coins easier when the time came. As for other coins, I’ve paid some strong prices for pieces that did not have the CAC sticker.
...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
Good question!
<< <i>Poof! >>
+1
<< <i>
<< <i>
<< <i>What does CAC mean related to a coin?
Does it mean high end for the grade?
Solid for the Grade?
A coin for sale by one of the CAC owners?
PQ eye appeal?
Its a little confusing any ideas what the CAC sticker means on a coin?
>>
It means that a group of people who did not grade the coin, agrees with the people who graded the coin, as to the grade of the coin... with 'Green' being "OK" and 'Gold' being "better than OK" (somewhat roughly spake.)
It also means, by default, (if you will,) ...that the afore-mentioned primary group doesn't feel that NGC/PCGS et al, can necessarily grade accurately, with any true consistency. (Note: I'm not offering my opinion here on that issue.)
Some people want more than one opinion, and since they cannot make determinations of quality on their own, (not putting them down, mind you,) they are willing to pay a modest fee for a 'confirmation'.
On very expensive coins, it might actually not be a bad idea, though one has to keep in mind this *is* all about opinions, not literally quantifiable numeric statements of quality/value.
Grading is as much art as science, so to speak, and unfortunately, thus far the standards remain... 'transient', (for lack of a more diplomatic term.) This is due to the profit-based nature of the hobby/industry more than a real 'impossibility' of fixed standard. >>
If you go to a show with the mind set that you will only buy coins with CAC stickers, you stand a good chance of missing some good buys. As for myself I buy the coin if I like it. If it has a CAC sticker, it comes along with the ride.
The only time I really looked for the combination of a specific grade, MS-64, plus a CAC sticker was when I was shopping for the Pan-Pac $50 gold slugs. I had read so many of these coins had been treated with putty and other fixes that I thought it made sense to look for pieces with the sticker. If for nothing else I figured it would make the re-sale of these coins easier when the time came. As for other coins, I’ve paid some strong prices for pieces that did not have the CAC sticker. >>
Wise words! You know a CAC sticker is nice to show that the coin is top-end or solid for grade, but it doesn't really account for (depending on grade) eye appeal or strength of strike. I have passed many a Peace dollar that are CAC'ed for grade but exhibit unattractive (to my eye) toning or a poor strike in the hair above the ear. There are others that do fit my needs and aren't CAC'ed. I'm fairly certain if I could find a way to send them in, they would CAC. Because a coin isn't CAC'ed, doesn't mean it can't.
<< <i>What does CAC mean related to a coin? >>
Nothing other than a group of professional numismatists agrees with the grade assigned to the coin by a specific TPG.
Maybe CAC could get more business is they evaluated TPG's other than PCGS and NGC?
The name is LEE!
<< <i>
<< <i>What does CAC mean related to a coin? >>
Nothing other than a gorup of professional numismatists agrees with the grade assigned to the coin by a specific TPG.
Maybe CAC could get more business is they evaluated TPG's other than PCGS and NGC? >>
Those other TPGs need to make their cert numbers available online. I doubt that CAC needs the biz THAT badly.
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
The answer is Yes. Absolutely yes.
<< <i>
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
Good question! >>
Yes.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>
<< <i>
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
Good question! >>
Yes. >>
But the odds are not that good. They keep records of cert numbers that have been submitted. So they know if a coin has been through once or not.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>
<< <i>
<< <i>
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
Good question! >>
Yes. >>
But the odds are not that good. They keep records of cert numbers that have been submitted. So they know if a coin has been through once or not. >>
From what I have heard, it is simply not worth the effort to resubmit to CAC. John A has his reason for rejecting, and that is not at all likely to change.
So do I. A $10 Lib that was in a PCGS MS62 holder. I sent it to CAC and it got a green bean. I then sent it back to PCGS where it upgraded to MS63. Back to CAC for another green bean.
You should consider sending it around again. If you pay another set of fees, maybe they'll put it in a stickered 64 holder for you.
Liberty: Parent of Science & Industry
It means that new processes, fancy holders/labels/autographs and high tech electronic gizmos notwithstanding... you Can't Always Count on the TPG to get it right-
...so send us a few bucks and we'll grade the grader.
RIP Mom- 1932-2012
<< <i>
<< <i>
<< <i>...if a coin is submitted and rejected, can the same coin be re-submitted for a bean again and make it?
Good question! >>
Yes. >>
...was it one of yours, tom? just curious, what was it?
<< <i>From what I have heard, it is simply not worth the effort to resubmit to CAC. John A has his reason for rejecting, and that is not at all likely to change. >>
I can only speak from my own personal experience, which has been unquestionably "worth the effort to resubmit".
Even JA is not infallible.
If you are a competent grader (or better yet a specialist in one or more series), submit hundreds or thousands of coins to CAC, then take the dozens and dozens that don't sticker and pick out what you see as the cream of this group and resubmit the top ten, you should fully expect to get a cpl new stickers the second time around.
<< <i>
<< <i>Which brings us back to the question, why bother other than to jack up the value. I mean to hear Legend Numismatics, they only want CAC coins. But if the coin can get downgraded, why bother?? Second opinion? sure, I guess. But there is no GUARANTEE folks.
WS >>
Death and taxes are the only guarantees in life. >>
Actually a CAC sticker means that CAC will be willing to buy that coin. That is a big guarantee. Also regarding your concern of the coin being downgraded, with the ever changing standard, any coin can be downgraded by any TPG. If you look at coins that are graded today, they would have been graded much lower 10 years ago.
CAC puts its money where it's mouth is, and that is a HUGE guarantee if you ask me.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>
<< <i>
<< <i>Which brings us back to the question, why bother other than to jack up the value. I mean to hear Legend Numismatics, they only want CAC coins. But if the coin can get downgraded, why bother?? Second opinion? sure, I guess. But there is no GUARANTEE folks.
WS >>
Death and taxes are the only guarantees in life. >>
Actually a CAC sticker means that CAC will be willing to buy that coin. That is a big guarantee. Also regarding your concern of the coin being downgraded, with the ever changing standard, any coin can be downgraded by any TPG. If you look at coins that are graded today, they would have been graded much lower 10 years ago.
CAC puts its money where it's mouth is, and that is a HUGE guarantee if you ask me. >>
...they'll buy them back? will they use the PCGS price guide?
<< <i>
<< <i>
<< <i>Which brings us back to the question, why bother other than to jack up the value. I mean to hear Legend Numismatics, they only want CAC coins. But if the coin can get downgraded, why bother?? Second opinion? sure, I guess. But there is no GUARANTEE folks.
WS >>
Death and taxes are the only guarantees in life. >>
Actually a CAC sticker means that CAC will be willing to buy that coin. That is a big guarantee. Also regarding your concern of the coin being downgraded, with the ever changing standard, any coin can be downgraded by any TPG. If you look at coins that are graded today, they would have been graded much lower 10 years ago.
CAC puts its money where it's mouth is, and that is a HUGE guarantee if you ask me. >>
Where's their published sight unseen buy prices? What's to prevent them from using blue sheets prices?
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