Options
If not asked before, what is succession plan for CAC?
topstuf
Posts: 14,803 ✭✭✭✭✭
Heck, even if asked before, I never saw it.
CAC seems very dependent on approval by one man.
Or not?
I can see much greater latitude in finding graders to continue grading, but not so much......approvers.
???
Is this not so?
If so, then will the stickers have a much shorter appeal over time?
CAC seems very dependent on approval by one man.
Or not?
I can see much greater latitude in finding graders to continue grading, but not so much......approvers.
???
Is this not so?
If so, then will the stickers have a much shorter appeal over time?
0
Comments
First, I hope JA continues in his current role for many years.
As you're probably aware JA employ's some of the best graders in the business.
Years ago JA told me that he looks at every coin.
To measure JA's influence one would need to know how often he disagrees with and overrules the other graders.
A finalizer has an critical role that directly impacts the approval process, I'm convinced that JA is an outstanding finalizer.
I think JA would agree that there are a few talented people who possess the skills to be a great finalizer.
No one knows how long CAC stickers will continue to have there current appeal, particularly post JA.
However if one looks at the history of the grading services it is clear that coins graded during certain times by certain graders and finalizers have retained there appeal for many years.
For example: Rattlers, OGH's, No Line Fatty's, etc.
One could certainly make the case that grading standards have changed and will continue to change over time.
In addition some believe grading standards are effected by and reflect market fluctuations and trends.
Lots of variables and unknowns, but I take comfort in knowing that JA is doing his best to insure the consistent quality of the CAC service and product.
In semi-answer to your question I think that short of god forbid something terrible happening as long as the above 2 services are around Cac will be as well.
I would guess that if CAC is no longer around there will have been a tremendous shift in the coin industry as well
CAC has 2 more people looking at coins, I thought this was common knowledge. Most of us who send coins in have seen the effects of CAC business expansion in our results (e.g. which coins sticker and which ones don't).
It's just like grading...while PCGS graders are awesome, they do grade differently than HRH.
both PCGS and NGC have been through upper management changes so I don't really think it's the same as what would happen if Albanese sold the company or walked away for any number of reasons. one thing I would say is that CAC needs PCGS and NGC, but neither of them needs CAC.
Learn how to grade you will enjoy the hobby much more. CAC is decent protection for novices, other wise I see all CAC stuff as another $30-50 per coin tax.
I agree with that.
My question is prompted by the closer association with an individual in CAC than exists with the grading services.
Think Warren Buffet and Berkshire Hathaway.
One can ask what the future holds for pcgs post david hall and NGC post Mark Saltzberg.
one thing I would say is that CAC needs PCGS and NGC, but neither of them needs CAC.
True, but if PCGS or NGC never graded another serious coin CAC could potentially keep running for quite a long time.
that were approved by JA would increase in value vs. both non-CAC
coins and CAC coins subsequently approved.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
The coins will be the same coins no matter what holder they are in or not in and if they have a sticker or not.
Buy the coin not the holder and/or sticker. For crying out loud this hobby is much bigger than one man!
GOOD GRIEF!!!!!
This is certainly true.... or CAC would then need to expand into slabbing. Right now, they have the ideal business model.... own nothing but talent, sell opinions (and labels).... Great business model.... no capital equipment, no inventory (to speak of)... a true service industry without a tangible product. Cheers, RickO
This is certainly true.... or CAC would then need to expand into slabbing. Right now, they have the ideal business model.... own nothing but talent, sell opinions (and labels).... Great business model.... no capital equipment, no inventory (to speak of)... a true service industry without a tangible product. Cheers, RickO
An AMERICAN DREAM so to speak.
Shark Tank would jump on this!
"Seu cabra da peste,
"Sou Mangueira......."
probably not unless they made major changes to what they assess.
Learn how to grade you will enjoy the hobby much more. CAC is decent protection for novices, other wise I see all CAC stuff as another $30-50 per coin tax.
It does not matter how well you can grade or think you can grade. If I am buying a coin from you, I will assume you know nothing. I know John is an expert so his mark puts me at ease. Oh, and spend 5 minutes browsing Heritage CAC coin sales prices and you will get your 12.50 or 25 bucks back 5, 10, or 100 fold when it is time to sell.
If John ever quits, time to shutter CAC, or change the sticker. There is not a shadow of doubt in my mind that the perceived value of CAC will go down that very same day.
``https://ebay.us/m/KxolR5
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
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......
``https://ebay.us/m/KxolR5
To make sure it's good, you might need it stickered.
Oh calm down. I couldn't pass that one up.
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
That was about a 4th grader response.
I feel sorry for those needing CAC to feel secure.
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
That was about a 4th grader response.
I feel sorry for those needing CAC to feel secure.
And your post sounded like a second grader. Somebody that doesn't play well with others and doesn't consider the possibility that they maybe wrong and that there is more then one way to view things. Your follow up post and your demanding tone speaks volumes. Yep. Second grade. So I can live with your retort.
You reap what you sow Jon
mark
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......
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
That was about a 4th grader response.
I feel sorry for those needing CAC to feel secure.
And your post sounded like a second grader. Somebody that doesn't play well with others and doesn't consider the possibility that they maybe wrong and that there is more then one way to view things. Your follow up post and your demanding tone speaks volumes. Yep. Second grade. So I can live with your retort.
You reap what you sow Jon
mark
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Experience the World through Numismatics...it's more than you can imagine.
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
Awesome!
If all the coins I have seen in CAC holders warranted it I might get on board. But from what I have seen CAC is a Leech on the hobby IMHO!
More likely you need a little upgrade in the grading department...
Hard to be a leech at less than $20 per coin. $250 plus 1%? Hmmmm
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
Awesome!
Actually pretty lame.
I'm reading some pretty stupid stuff here.
Then you should feel right at home
mark
That was about a 4th grader response.
I feel sorry for those needing CAC to feel secure.
And your post sounded like a second grader. Somebody that doesn't play well with others and doesn't consider the possibility that they maybe wrong and that there is more then one way to view things. Your follow up post and your demanding tone speaks volumes. Yep. Second grade. So I can live with your retort.
You reap what you sow Jon
mark
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
No that's not the reason at all. Off by a country mile as usual. You are entitled to your opinion even if it's ad nauseam. But when you denigrate or dismiss those that disagree with you with your insulting barbs then be prepared to be called out on it.
Those that don't think they don't need CAC are often the ones that need it the most.
Your constant attack on CAC and its users, moderns and anything else that doesn't fit YOUR collecting mode even wears on me as hard as I try to ignore you.
mark
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......
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Not sure why you continue to argue the blatantly obvious fact that CAC adds value to any coin that actually deserved to be sent in. Just recently I sold a CAC CC Morgan for $1500 more (40% more) than they were selling for without. It has nothing to do with opinions or agreeing with anyone, these are the simple facts.
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Not sure why you continue to argue the blatantly obvious fact that CAC adds value to any coin that actually deserved to be sent in. Just recently I sold a CAC CC Morgan for $1500 more (40% more) than they were selling for without. It has nothing to do with opinions or agreeing with anyone, these are the simple facts.
I'm not arguing that coins with CAC bring more money. There is a reason for this. People (CAC followers) go gaga and bid them up. There are hundreds of thousands of coins without stickers that are just as good. I probably have hundreds of coins that would have stickers if I chose to send them in. I just have better things to spend my money on.
So of my coins had stickers and now don't because I sent them to PCGS for variety attribution thus loosing the sticker and there is no way I will spend money to get the sticker back.
I just don't need the sticker.
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Not sure why you continue to argue the blatantly obvious fact that CAC adds value to any coin that actually deserved to be sent in. Just recently I sold a CAC CC Morgan for $1500 more (40% more) than they were selling for without. It has nothing to do with opinions or agreeing with anyone, these are the simple facts.
I probably have hundreds of coins that would have stickers if I chose to send them in.
And then again maybe you don't. A lot of people make this same mistake. They assume incorrectly. When they go to sell (or their heirs ) that is coin judgement day. A lot of people assume they know what they are doing. Why don't you send in a random 20 coins and see how you do? You might be surprised. Cheap experiment.
Just look at your typical auction and you will see it often loaded with mistakes by those who thought they knew what they were doing. They will then be snapped up by others who also think they know what they are doing. Just
sayin
Maybe because you are a variety collector quality for grade means a little less as your options are perhaps limited
mark
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......
That would be over $300.......which would buy a real nice Bust Dime for my set.
I have never sent a coin to CAC and never will. I don't believe in it or need it.
We will have to agree to disagree on this.
"Why don't you send in a random 20 coins and see how you do? You might be surprised. Cheap experiment. "
That would be over $300.......which would buy a real nice Bust Dime for my set.
I have never sent a coin to CAC and never will. I don't believe in it or need it.
We will have to agree to disagree on this.
Ok. I was just trying to help you
mark
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......
Learn how to grade you will enjoy the hobby much more. CAC is decent protection for novices, other wise I see all CAC stuff as another $30-50 per coin tax.
I agree with that.
My question is prompted by the closer association with an individual in CAC than exists with the grading services.
Think Warren Buffet and Berkshire Hathaway.
Yes, Mr Albaneese is one fine gentlemen. So your thinking much like Apple without Steve Jobs?
I don't know a ....perfect....comparison and my question was directed at asking how a succession would affect the power of the sticker.
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Not sure why you continue to argue the blatantly obvious fact that CAC adds value to any coin that actually deserved to be sent in. Just recently I sold a CAC CC Morgan for $1500 more (40% more) than they were selling for without. It has nothing to do with opinions or agreeing with anyone, these are the simple facts.
I'm not arguing that coins with CAC bring more money. There is a reason for this. People (CAC followers) go gaga and bid them up. There are hundreds of thousands of coins without stickers that are just as good. I probably have hundreds of coins that would have stickers if I chose to send them in. I just have better things to spend my money on.
So of my coins had stickers and now don't because I sent them to PCGS for variety attribution thus loosing the sticker and there is no way I will spend money to get the sticker back.
I just don't need the sticker.
But you do need PCGS, no?
OH, so because I don't agree with you and other CAC dependent people I am the 2nd grader??
Well, at least I can tell what is nice by myself and don't need a sticker to say it for me.
Not sure why you continue to argue the blatantly obvious fact that CAC adds value to any coin that actually deserved to be sent in. Just recently I sold a CAC CC Morgan for $1500 more (40% more) than they were selling for without. It has nothing to do with opinions or agreeing with anyone, these are the simple facts.
I'm not arguing that coins with CAC bring more money. There is a reason for this. People (CAC followers) go gaga and bid them up. There are hundreds of thousands of coins without stickers that are just as good. I probably have hundreds of coins that would have stickers if I chose to send them in. I just have better things to spend my money on.
So of my coins had stickers and now don't because I sent them to PCGS for variety attribution thus loosing the sticker and there is no way I will spend money to get the sticker back.
I just don't need the sticker.
But you do need PCGS, no?
No, I don't need PCGS. I like my coins in PCGS holders for the following reasons, which I have stated before.
1) It is a very good way to store coins for protection.
2) I like the Registry sets and all coins are PCGS.
3) For protection for my family when I am gone.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
``https://ebay.us/m/KxolR5