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PaleElfPaleElf Posts: 990 ✭✭✭
I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.

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  • BoosibriBoosibri Posts: 12,395 ✭✭✭✭✭
    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    If you are a collector it costs nothing if they look at the coin and do not approve it. Obviously you are not a member or you would have known that.
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    OK, so if you suspect that the coin has been submitted and denied, don't buy the coin.
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: Boosibri

    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    If you are a collector it costs nothing if they look at the coin and do not approve it. Obviously you are not a member or you would have known that.




    If the same person submits/resubmits a coin that failed, they are charged whether the coin passes or not. If a different collector submits the coin, they may NOT get charged. Best to clarify with CAC.
    theknowitalltroll;
  • panexpoguypanexpoguy Posts: 1,239 ✭✭✭✭✭
    Originally posted by: PaleElf
    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.


    If you like the coin, whether or not it would/could CAC should not matter. If it does matter to you, then the best bet is to buy an example that has already stickered so there is no risk to you.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    Yep,



    That has been their policy since day 1. They have been consistent.

    I have sent coins to CAC and I have purchased CAC coins. That said, I have purchased coins without CAC and without knowing if they have been there as I want to purchase coins that I LIKE.



    If you NEED CAC, then either make a deal with the seller to send it to CAC and then purchase it, or a return privilege if it doesn't CAC. Unlikely that many sellers would do that, unless they were certain and the coin was stagnant as it is....or unless you attach an extra financial incentive to it.



    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

  • BoosibriBoosibri Posts: 12,395 ✭✭✭✭✭
    Originally posted by: BAJJERFAN

    Originally posted by: Boosibri

    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    If you are a collector it costs nothing if they look at the coin and do not approve it. Obviously you are not a member or you would have known that.




    If the same person submits/resubmits a coin that failed, they are charged whether the coin passes or not. If a different collector submits the coin, they may NOT get charged. Best to clarify with CAC.




    No, not if they are on a collectors membership.
  • ms70ms70 Posts: 13,956 ✭✭✭✭✭
    I'm sure thier reason for that is giving out such info could damage deals and be considered underhanded or a kind of "insider" trading. It's a smart policy,.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • stevebensteveben Posts: 4,635 ✭✭✭✭✭
    Originally posted by: panexpoguy

    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    If you like the coin, whether or not it would/could CAC should not matter. If it does matter to you, then the best bet is to buy an example that has already stickered so there is no risk to you.




    this. don't ever force a coin into a condition acceptable to you. buy coins that you think are great to begin with and pass on those that you are not sure about.



  • jdimmickjdimmick Posts: 9,776 ✭✭✭✭✭
    If you like the coin and its all there, don't worry about cac. (I know that it helps in auction and on the marketplace when its time to sell) but

    Ive got a couple that are not CAC and they are every bit as nice , in fact one case nicer than the cac counterpart I had prior.

  • DollarAfterDollarDollarAfterDollar Posts: 3,215 ✭✭✭✭✭
    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.


    If you do what you always did, you get what you always got.
  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭
    CAC is a useful tool for many collectors.



    But since they stopped stickering colonials, they are no longer relevant to me in most of my collecting interests.



    I find that I am still very comfortable buying colonial era coins even though I can no longer get the re-assurance of the CAC sticker.
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: DollarAfterDollar

    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.









    Last I knew if a coin failed a collector wasn't charged. If the same collector voluntarily resubmits the coin a second time, he is charged whether the coin beans or not. Check with CAC if in doubt.
    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: Boosibri

    Originally posted by: BAJJERFAN

    Originally posted by: Boosibri

    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    If you are a collector it costs nothing if they look at the coin and do not approve it. Obviously you are not a member or you would have known that.




    If the same person submits/resubmits a coin that failed, they are charged whether the coin passes or not. If a different collector submits the coin, they may NOT get charged. Best to clarify with CAC.




    No, not if they are on a collectors membership.






    AFAIK, collectors get just one free shot.

    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    From the CAC site!



    "Furthermore, CAC wishes to protect the interest of an owner of a coin that has been reviewed by CAC but did not receive a sticker. Therefore, CAC does not want to compromise the value of such a coin by disclosing a negative review by CAC."
    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: DollarAfterDollar

    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.









    If they have their own standards, why would gradeflation matter to them?
    theknowitalltroll;
  • BillJonesBillJones Posts: 34,782 ✭✭✭✭✭
    I have purchased a couple of coins that I know were rejected by CAC. The thing of is, the prices were right relative to those specific coins, and the coins were quite decent. They were both PCGS graded. I'll post pictures of them if you like.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭
    Originally posted by: BAJJERFAN
    Originally posted by: DollarAfterDollar
    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.




    Last I knew if a coin failed a collector wasn't charged. If the same collector voluntarily resubmits the coin a second time, he is charged whether the coin beans or not. Check with CAC if in doubt.


    I have submitted coins that had failed to pass a second time by me and was not charged a fee for it
  • SeattleSlammerSeattleSlammer Posts: 10,048 ✭✭✭✭✭
    Originally posted by: BAJJERFAN
    Originally posted by: PaleElf
    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.


    From the CAC site!

    "Furthermore, CAC wishes to protect the interest of an owner of a coin that has been reviewed by CAC but did not receive a sticker. Therefore, CAC does not want to compromise the value of such a coin by disclosing a negative review by CAC."




    ....and that would stop a lot of resubmi$$ions




  • TomBTomB Posts: 22,075 ✭✭✭✭✭
    Originally posted by: SeattleSlammer

    Originally posted by: BAJJERFAN

    Originally posted by: PaleElf

    I called CAC to determine if a coin I am interested in buying had already been submitted and denied. They said they have records for all coins that did not sticker, but that they could not give that information out. However, they would be happy to take my money to look at it again if it had already failed.




    From the CAC site!



    "Furthermore, CAC wishes to protect the interest of an owner of a coin that has been reviewed by CAC but did not receive a sticker. Therefore, CAC does not want to compromise the value of such a coin by disclosing a negative review by CAC."








    ....and that would stop a lot of resubmi$$ions













    More importantly, CAC would likely be sued by the "harmed" parties that owned the previously rejected coins if CAC gave out that information.

    Thomas Bush Numismatics & Numismatic Photography

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

    image
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Originally posted by: BillJones

    I have purchased a couple of coins that I know were rejected by CAC. The thing of is, the prices were right relative to those specific coins, and the coins were quite decent. They were both PCGS graded. I'll post pictures of them if you like.




    I'd like to see them.

    I'm getting a bit tired of the idea that PCGS grading a coin is so useless unless you send it to someplace else to look at it or it's no good.



    image
  • BAJJERFANBAJJERFAN Posts: 31,278 ✭✭✭✭✭
    Originally posted by: TONEDDOLLARS

    Originally posted by: BAJJERFAN

    Originally posted by: DollarAfterDollar

    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.









    Last I knew if a coin failed a collector wasn't charged. If the same collector voluntarily resubmits the coin a second time, he is charged whether the coin beans or not. Check with CAC if in doubt.




    I have submitted coins that had failed to pass a second time by me and was not charged a fee for it




    My understanding of a few years ago was that you got one free look. Perhaps they weren't very rigorous in enforcing it.
    theknowitalltroll;
  • derrybderryb Posts: 37,627 ✭✭✭✭✭
    Originally posted by: BAJJERFAN
    Originally posted by: DollarAfterDollar
    Getting back to OP's point in his first post, CAC will review a coin that's already been submitted and rejected. They do this as a courtesy because they understand that market conditions change, gradeflation is a factor and once in a blue moon they miss the mark. Since Collector Members aren't charged for coins that don't get "beaned", their motivation is pretty hard to question.




    If they have their own standards, why would gradeflation matter to them?


    and, did you mean to say "opinions change" instead of "market conditions change?" Don't see how market conditions would affect their "grading" standards. I would hope that those standards remain constant. If not then a "sticker" may no longer be valid.

    No Way Out: Stimulus and Money Printing Are the Only Path Left

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