58/62 slider question
Gazes
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If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
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A green CAC sticker would mean that it is solid for the 62 grade.
Edit - "63" was a typo. I meant 62, the grade on the holder. It would take a gold CAC to starting thinking about making it in a 63 holder.
"Cabinet Friction" (where coins packed together tightly in a box stored in manila envelopes) can give the impression of being circulated so you can see coins in 62 holders that appear to have wear.
A green CAC sticker would mean that it is solid for the 63 grade.
Solid for the 62 grade ? Or 63 ? It's in a 62 holder
grade higher.... Cheers, RickO
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
When I see a 62 that looks like it should be 63 or 64 I don't suspect it was a compromise between 58 and a 63/64. I'm not even sure what that means.
The 62 grade was assigned because the coin has some condition(s) that call for a lower market grade. That could be due to color, toning and eye appeal, surfaces, cabinet friction, etc. It's always good to ask yourself why, and take another critical look.
As others have said, the CAC sticker is simply about the grade on the holder.
Lance.
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
When I see a 62 that looks like it should be 63 or 64 I don't suspect it was a compromise between 58 and a 63/64. I'm not even sure what that means.
The 62 grade was assigned because the coin has some condition(s) that call for a lower market grade. That could be due to color, toning and eye appeal, surfaces, cabinet friction, etc. It's always good to ask yourself why, and take another critical look.
As others have said, the CAC sticker is simply about the grade on the holder.
Lance.
MS-62 can be a very viable grade for a coin that is really hard to find in Mint State. The best know 1854-D Three Dollars Gold Pieces are MS-62 graded coins. There is nothing wrong with one that is "all there." Sometimes it seems like the graders are unwilling to stick to their neck out and give a really tough coin an MS-62.
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.
Agree with the above statement 100%
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?
CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.
Agree with the above statement 100%
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Sticker = JA is a potential buyer....at a particular price level.