Home U.S. Coin Forum
Options

"UNCLE !!"..... I guess I've surrendered to the CAC pill.

topstuftopstuf Posts: 14,803 ✭✭✭✭✭
edited November 17, 2017 8:45AM in U.S. Coin Forum

Yep, ole topstuf is joining the parade. :/

Decided to go this route for same reason I keep appx. 40+% of ...all.... assets in gold.

Gold is my insurance against the shenanigans the Treasury keeps pulling on us and (so far) getting away with.

Doing CAC for essentially same thing. I still think the practice of separating grades into a,b,c levels is wrong but on the other hand, I'm seeing too much info saying to ...me... that the sticker is getting so much traction that it would be silly for me to continue being a purist holdout.

So.....here I be. A reluctant convert solely motivated by a feeling of fragility and compensating factors.
I'm probably not going to submit present unstickered items, but am setting (when possible) a ..new..."requirement" that purchases will be skewed to coins that someone has spent the loot to get stickered through whatever means necessary.

I've seen too much of what my OWN personal opinions count towards various practices and beliefs and how little effect ... I.... exert on what others choose to do.

I still think the concept will eventually be a negative for the hobby, but at least my new requirement may insulate me from the damages when they come. I even consider MY conversion to be a small negative. For any unstickered coins, they will have another hurdle to clear to get in my stash.

The coins will STILL have to meet my existing requirements for eye appeal and "real" grade, but now will be run through an even finer sieve.

:|

«1

Comments

  • Options
    MeltdownMeltdown Posts: 8,665 ✭✭✭✭✭

    Sounds good to me. Can I have that Cowboy dollar now? B)

  • Options
    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Can I have whatever doesn't sticker for 10 cents on the dollar?

    mark

    Walker Proof Digital Album
    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......
  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Justacommeman said:
    Can I have whatever doesn't sticker for 10 cents on the dollar?

    mark

    I'll just ....give ......that dreck to you!
    ugh

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Meltdown said:
    Sounds good to me. Can I have that Cowboy dollar now? B)

    It's destined for a belt buckle.

  • Options
    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    If you are using gold as your insurance against doomsday, it makes no difference if it has a sticker, since you will be spending it. :p

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Wabbit2313 said:
    If you are using gold as your insurance against doomsday, it makes no difference if it has a sticker, since you will be spending it. :p

    Doubt it will come to that. But it should.
    Anyhow.... I don't think it will even take doomsday.

    But it's sure gonna take its sweet time. :D

  • Options
    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭

    CAC A DOODLE DOOOOO! GOOD FOR YOU!

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @BAJJERFAN said:
    CAC A DOODLE DOOOOO! GOOD FOR YOU!

    QUIT THAT !!I I am abashed enough. :'(

  • Options
    ms70ms70 Posts: 13,946 ✭✭✭✭✭

    Good luck.

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • Options
    CCDollarCCDollar Posts: 717 ✭✭✭✭✭

    Even the New York Jets are CAC now...they wear them on their helmets...or at least that's all I see.

    CC

    Nickel Triumph...My Led Zepps
  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @ms70 said:
    Good luck.

    Isn't that what they said to the Challenger crew? :*

  • Options
    mvs7mvs7 Posts: 1,661 ✭✭✭✭✭

    @CCDollar said:
    Even the New York Jets are CAC now...

    The New York Jets are definitely not CAC. Take 32 teams, separate them into A, B, and C tiers...

  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭

    Well... you are probably doing the right thing from an investment standpoint. From purely a collector standpoint, it is not necessary. However, for dealers and those who see themselves selling at some point, it is, at this time, a price positive.
    Cheers, RickO

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    It won't be.....exclusive. Just a new preference.

  • Options
    logger7logger7 Posts: 8,078 ✭✭✭✭✭
    edited November 17, 2017 11:11AM

    It doesn't need to be a for or against thing. There are people who say that grading is totally subjective that there are no bright lines between the grades. Cac introduced another dynamic with a $$ sign behind it. I know dealers who are vociferously against cac, they don't "believe" in it. No harm in realizing that cac is a vehicle, a segway as it were, both allegorical and literal depending on the customer.

    You don't have to submit to them to realize they have a big following among the risk averse and nervous nellies.

  • Options
    BoosibriBoosibri Posts: 11,867 ✭✭✭✭✭

    I stopped reading after you said that 40% of your assets are in gold.

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    @Boosibri said:
    I stopped reading after you said that 40% of your assets are in gold.

    Yeah.... just....wow...

    Liberty: Parent of Science & Industry

  • Options
    BryceMBryceM Posts: 11,732 ✭✭✭✭✭

    Is there anyone around who still thinks that a properly graded “C” MS66 is better than an “A” CAC 65+?

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    @BryceM said:
    Is there anyone around who still thinks that a properly graded “C” MS66 is better than an “A” CAC 65+?

    Depends on their respective prices?
    And maybe how the prospective buyer likes their comparative appearances on in hand examination, and in the context of their collection?

    Liberty: Parent of Science & Industry

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Unless you're saying, same coin, which slab is "better" ( worth more)?

    Liberty: Parent of Science & Industry

  • Options
    messydeskmessydesk Posts: 19,692 ✭✭✭✭✭

    @mvs7 said:

    @CCDollar said:
    Even the New York Jets are CAC now...

    The New York Jets are definitely not CAC. Take 32 teams, separate them into A, B, and C tiers...

    I swear there's been (facetious) discussion here of a CAC Browns brown sticker for those... uh... special coins that don't quite make it into A, B, or C tiers.

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 43,837 ✭✭✭✭✭

    Show me the coin. Who wants to read about glue sniffing ?

  • Options
    ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited November 17, 2017 3:38PM

    @messydesk said:

    @mvs7 said:

    @CCDollar said:
    Even the New York Jets are CAC now...

    The New York Jets are definitely not CAC. Take 32 teams, separate them into A, B, and C tiers...

    I swear there's been (facetious) discussion here of a CAC Browns brown sticker for those... uh... special coins that don't quite make it into A, B, or C tiers.

    So the "D" tier is for dreck and color coding, while tonally and semiotically resonant, is only coincidentally congruent with the quality of @stealer's translation, spelling and pronunciation of 16th Century literary German toilet terms not previously uttered (in polite society) since one of Martin Luther's "95 Theses" potty crises :s

    Variations in vocal tonality between Cantonese and Mandarin can weaponize baby poop fever here in NJ faster than the Kim family can get to their bunker B) On the other hand, @Wise(Humble)Turtle's continuing work on the Apple 1000 point Coin Grading App may have given him a better attunement to the taxonomy of the sub-strata of sludge. :* An overall plus for the hobby as long as accumulated "Hot Toxics" methane is burned off on a regular basis.

    **Note - @MrEureka and other Forum members are privy (eeeeeww) to a very well-known coin doctor's copious (and quite successful) use of methane as a toning agent. @Laurie and @Sniffer are in-the-know and on-the-prowl. EAC is in-the-know and waiting-in-line.

    An 1882 50c MS66-C is not dreck, no matter what various market mavens may make of it. o:)
    It is superb high-quality schlock that should be dipped. ;)

    A dingy baggy original 1896 25c MS62 can be both low-quality schlock and high-quality dreck. A likewise imperfect 1796, not so much

    Heretofore a verifiable numismatic slut, the OP's "bending to the bean" is but the first small step on the slippery slope towards "market whore". Once he calibrates the fabric value of 66.3-C as dipping material, how long will it take before he starts sending in his CAC-fails for Conservation?

    If the semi-virgin submitter can't piggyback on a CAC collectors account, PM sent. JA will get a kick out of a lot of his coins. B)

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • Options
    coinkatcoinkat Posts: 22,769 ✭✭✭✭✭

    Just afew observations...

    -A dollar may not even be worth 10 cents
    -The spread on gold has made stickering something to think about
    -Unless your the lead dog in the parade, the scenery really does not change...

    Have fun and don't spend your common cents.

    Experience the World through Numismatics...it's more than you can imagine.

  • Options
    1630Boston1630Boston Posts: 13,772 ✭✭✭✭✭

    I do believe we will all survive............sticker or no sticker :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Boosibri said:
    I stopped reading after you said that 40% of your assets are in gold.

    If you knew how to "work" it, you'd want to read even more. :)

  • Options
    ms70ms70 Posts: 13,946 ✭✭✭✭✭
    edited November 17, 2017 3:17PM

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • Options
    BillJonesBillJones Posts: 33,481 ✭✭✭✭✭

    I've had too many disappointments with CAC to ever get on that train. I bought a couple of CAC endorsed coins at the Baltimore show, not because of the sticker, but because I agreed with the grade. I also rejected one that was over graded and way over priced as a result, despite that the fact that I really want the coin.

    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 ... ?
  • Options
    DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    topstuff - you disappoint me. ;) I have nothing against CAC except for the possible price hike they get that is not justified. There are two things wrong with ruling out coins without a sticker. First it cuts down on possible nice coins available for your sets and/or Registry sets and second.......how do we know the coin has gone to CAC and failed. Plus if you like the coin does it matter that JA likes the coin or not?

    Buy the coin....not the holder and/or sticker! JMHO

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I'm in agreement on these last few posts. I hope no one thinks that I will PASS on everything else.
    There's nothing saying that one can't REMOVE the premium on tendered offers.
    I don't care if someone ELSE has paid the toll.
    I'll take it if it doesn't cost me.

    And that's something I can control. :)

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    It seems some have inferred that my 40% gold position has remained....STATIC.
    I'm 77 and there are many many many good reasons to have physical gold in an estate.

    Heirs get the "step up" basis on bequeathed ITEMS. They can sell at NO GAIN.

    At least my trust attorney has deemed it.... "smart." ;)

    And it works (and HAS worked) very well for me.

    Moving right along, whatcha got that's interesting? :D

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @BryceM said:
    Is there anyone around who still thinks that a properly graded “C” MS66 is better than an “A” CAC 65+?

    Me, but then again, I am losing my passion for coins quickly.

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @messydesk said:

    @mvs7 said:

    @CCDollar said:
    Even the New York Jets are CAC now...

    The New York Jets are definitely not CAC. Take 32 teams, separate them into A, B, and C tiers...

    I swear there's been (facetious) discussion here of a CAC Browns brown sticker for those... uh... special coins that don't quite make it into A, B, or C tiers.

    I think there is too much symbology with the color brown - many already think the coins are total crap even if problem free and otherwise wholesome.

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    We need a CRAP registry. B)

  • Options
    cameonut2011cameonut2011 Posts: 10,061 ✭✭✭✭✭

    @topstuf said:
    We need a CRAP registry. B)

    I could say something, but that would get me in trouble...

    PM sent.

  • Options
    stmanstman Posts: 11,352 ✭✭✭✭✭

    Hey to op...... this week? Congratulations.

    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • Options
    ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭

    Constantly Repetitiously Apoplectically Paroxysmatic?

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @stman said:
    Hey to op...... this week? Congratulations.

    I plan to commit to this plan for a full WEEK AND A HALF!!

    Harrumph

  • Options
    CascadeChrisCascadeChris Posts: 2,517 ✭✭✭✭✭

    Sell the gold and ride the Bitcoin wave then sell the Bitcoin, buy back the gold and pocket many thousands!

    The more you VAM..
  • Options
    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    @Wabbit2313 said:
    If you are using gold as your insurance against doomsday, it makes no difference if it has a sticker, since you will be spending it. :p

    That green hologram on the slab might just be the insensitive in the future for someone to barter an expired can of baked beans for his gold ;)

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • Options
    specialistspecialist Posts: 956 ✭✭✭✭✭

    CC dollar, as a Jets season ticket holder I can tell you they are losers. CAC is not. CAC has a real QB

  • Options
    BruceSBruceS Posts: 1,350 ✭✭✭✭✭

    If your trust lawyer tells you 40% of your net worth invested in PMs is a smart move, you need to find another financial advisor.

    Really? That is such poor advice and from reading your post you don't seem like the type to follow that BS.

    The only reason I can see, this is if the advisor is selling you the gold. Or getting a percentage thru proxy.


    eBay ID-bruceshort978
    Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
  • Options
    BruceSBruceS Posts: 1,350 ✭✭✭✭✭

    @specialist said:
    CC dollar, as a Jets season ticket holder I can tell you they are losers. CAC is not. CAC has a real QB

    Go Pats. :p


    eBay ID-bruceshort978
    Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager.
  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I make my own trades, acquire my own stuff, have more cash than I need, and the estate... plan ....is what the lawyer likes. My trust in government fiat is not his concern.
    At one point in my life, my goal was $10k a year and $100k in the bank and I could retire.

    Uhhhhh....okayyyy... :D:D:D

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 43,837 ✭✭✭✭✭
    edited November 18, 2017 9:05AM

    Kool-Aid with sugar.
    Or let me get this straight : A sticker means it is an A-B- or C coin. A pcgs graded coin without a sticker is a “D” coin, and an NGC graded coin without a sticker must be an “E” coin. Everything else gets an “F” rating. We gotta love the way this hobby heads down the rabbit hole.

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Kool-Aid with sugar.
    Or let me get this straight : A sticker means it is an A-B- or C coin. A pcgs graded coin without a sticker is a “D” coin, and an NGC graded coin without a sticker must be an “E” coin. Everything else gets an “F” rating. We gotta love the way this hobby heads down the rabbit hole.

    Then ...I... am mistaken. MY impression was that the sticker only goes on A & B and C does NOT get one.
    Who's correct?

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 43,837 ✭✭✭✭✭

    There is more credence put on the sticker than the coins, it seems. JA must be right. PCGS and NGC must be wrong about 80% of the time. And those other TPGs must be ripping us off

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @TwoSides2aCoin said:
    There is more credence put on the sticker than the coins, it seems.

    That has been my contention all along, but I'm just thinking that I ....should..... stack the deck in MY favor as much as possible.
    As I stated in the OP, my direction is flexible yet my search is changing.

    Somewhat. ;)

  • Options
    CCDollarCCDollar Posts: 717 ✭✭✭✭✭

    @specialist said:
    CC dollar, as a Jets season ticket holder I can tell you they are losers. CAC is not. CAC has a real QB

    LOL...I was watching a game a week or so ago while taking pictures of coins and the Jets where on TV. I have a small TV in the den and I kept thinking "that sure looks like CAC stickers on their helmets". Coins on the brain...not a bad thing...
    P.S....When you are a Raiders fan you learn to have thick skin...
    CC

    Nickel Triumph...My Led Zepps

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file