Do the sportscard guys know what CAC is??
halfcentman
Posts: 1,498 ✭✭✭
CAC is a company in Far Hills, NJ which, in essence, gives a third-party opinion on certified coins from PCGS and NGC - the two most respected coin grading companies.
CAC coins may only be submitted by members, AND they are not accepting memberships currently.
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In essence, they look at the certified coins. If they feel the coin is solid for the grade, they put a green, oval hologram on it called a "bean" and charge $10.00. If they feel the coin has at least a 90% change of upgrading, they put a "gold bean" on it. Gold beans are highly coveted; they often sell for the next grade level. If the coin does not get a sticker, there's no charge.
So I guess my question is this: Would something like this ever fly in the sportscard hobby, or does something like this exist?
I've been out of it for a while, but I still admire the nice, old stuff from a distance.
CAC coins may only be submitted by members, AND they are not accepting memberships currently.
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In essence, they look at the certified coins. If they feel the coin is solid for the grade, they put a green, oval hologram on it called a "bean" and charge $10.00. If they feel the coin has at least a 90% change of upgrading, they put a "gold bean" on it. Gold beans are highly coveted; they often sell for the next grade level. If the coin does not get a sticker, there's no charge.
So I guess my question is this: Would something like this ever fly in the sportscard hobby, or does something like this exist?
I've been out of it for a while, but I still admire the nice, old stuff from a distance.
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Comments
<< <i>Can we get the green bean now on sports cards? That would be very interesting. >>
I am a full-time coin dealer, but I miss the days of lore when I attended Gloria Rothstein shows and attended many local shows in NJ when I could buy things like 1968 Mantles from vending at $30-35 per if I picked, or five dollars less if the dealer picked.
The nice thing about the green bean is that it makes it easier to buy a coin sight unseen (good description only) or from a poor internet photo.
Oh, and those old school Rothstein shows. I remember Mark Adrian punching someone out at a Rothstein show...
<< <i>And whose money did you use to buy the Mantles? Maybe funds from something like, oh, preselling jointly owned material without the other owner knowing about it? Nah, that would be unethical...
Oh, and those old school Rothstein shows. I remember Mark Adrian punching someone out at a Rothstein show... >>
all Mint 9s are created equal. Even with the half grade system, there's some variance in eye appeal between cards and the difference in grades between
coins, especially at the higher MS level is even more slight than the difference between a PSA 8 and a PSA 9 or a PSA 10, imo..
Edit to add: As mentioned above, though, the major obstacle to such a proposal would be that most cards would not be worth the
extra expense of getting another opinion from a CAC-like company. The numismatic value of coins far outweighs most cards, and
it makes much more sense for coins than it would for cards, in that it would be relegated to only those cards which would have
significant value, or at least worth more than $100.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.