Is CAC cheapening itself?
Outhaul
Posts: 7,440 ✭✭✭✭✭
You have got to be joking. Enjoy the laugh.
Cheers
Bob
0
Outhaul
Posts: 7,440 ✭✭✭✭✭
Comments
Looks better than a AG03 to me.
it's crackers to slip a rozzer the dropsy in snide
Yup. Should have gotten the gold 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
That is a bit comical. But if CAC is cheapening itself, then we have to say the same about PCGS for slabbing the coin to begin with.
A coin with a gold CAC commands a premium. Now, would a gold CAC bring the price down for a lowball set coin?
We are missing a very valuable part of the coin in question, the reverse.
EAC 6024
It does not matter; the obverse is too strong to grade AG-03. The reverse is really weak, it makes the "no problem" aspect of the grade suspect.
What's a coin like that worth......silver?
I'm not sure CAC cares much at this grade level. If anything like me, his offer would be around melt regardless of whether an AG3 or a G4.
I don't know about that, I can think of many coins that come with a solid obverse that should not be graded more than AG.
1793 cents, 1794 cents, 1916-D dimes, Barber Quarters to name a few.
EAC 6024
I'm going to add Columbians to my list.
EAC 6024
Somebody must have bought a roll of stickers from China.
Yup. Should have gotten the gold 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
Looks fine as AG03 as the reverse is essentially FR02. No way a Good obverse and Fair reverse average out to Good.
A decent quality low ball coin that's stickered. Worth a lot more than melt. Good luck putting together a problem free P01-AG03 low ball commem set.
I don't think they are cheapening themselves by evaluating a coin that a customer pays them to evaluate. They should not refuse to evaluate a coin because they feel the value is not worth their time. The customer sent it in paying for the service, they obliged. Had they refused to to review it by claiming "It's only worth melt and therefore not worth our efforts" I'd then consider them "Elitist" and would no longer respect or patronize them.
They have always been the consummate gentlemen and ladies with my submissions, more than I deserve. They do the best they can.
Someone trying to put together a stickered Columbian grading set?
Ouch.
This sold for $94 in September 2012 and then just $30 two months later in November 2012, with CAC both times.
https://www.pcgs.com/cert/24500099
Makes me wonder about the collecting intentions of the owner of this coin.
That coin really should never have been slabbed, unless of course the owner loves Columbian commemoratives in low grade state.
This wear pattern is VERY COMMON on low-grade dimes, quarters and halves. Drives me nuts! The obverse is solid for a G-4 in a grading guide. Anyway, folks are collecting low ball coins now! Too bad the obverse was not AG-3. Then it would be 3/2.
Never mind. I opened my mouth before the reverse was posted.
it's crackers to slip a rozzer the dropsy in snide
If CAC is saying that it is solid for the grade, is it worth less than an AG that did not CAC, considering that this is a drive toward the bottom?
Yeah, when you play at this end of the pool it's more like golf than bowling. Less is more and more is less. In this instance, it would be better if you could claim and prove that is was sent to CAC and rejected due to the merits of the grade. I don't play like that, I'm alway's going for the 3 strikes in the 10th frame.
Looks like a very tough coin to grade. An obvious good border lining VG obverse and a fair approaching Poor reverse.
I love the look and contrast on the obverse.
Net graded appropriately at ag3
Many such low ball coin has issues with surfaces...scratches, dings, gouges, corrosion, cleaning, etc. As such, they won't sticker no matter how much "extra" detail is showing for the grade. Getting a sticker on a low ball is more a testament to it having choice/mostly un-messed with surfaces rather than being "solid for the grade."
No. CAC has detractors doing the cheapening for them. I believe good guys get drug into some bad arenas, sometimes. At what cost , though ?
I believe CAC is doing exactly what their business model states and submitter's pay for.... in this case, they agree it is solid for the grade. Case closed. Cheers, RickO
Well it may be solid for the grade according to CAC. I have hard time selling these in Unc condition. So is CAC cheapening itself?, ...I don't think so. It may help sell the coin, but for what price I have no idea..
That's exactly it. While I laughed when I first saw this auction, after I gave it some thought, they are doing exactly what they do; render an opinion. No different than when we ask each other for opinions on coins of all grades.
However, for lowball collectors, wouldn't the coin be of more value without the sticker? Perhaps a black bean for coins that are on the lower end of the grade stated?
Cheers
Bob