Mark - I don't have the time to waste. I have never started a thread on CAC and never will. There have been many started both pro and con. I think it will be in my best interest to not participate in any CAC thread from this time forward.
I enjoy my time here and don't want to lose it. Like my buddy Greg use to say..."if it's not fun it's not worth it"!
No - they very small part of total material on the market - furthermore PQ is a subjective area and I have major differences with someone who prefers toned coins for instance. I remember a dealer circa 1990 he wanted rip u selling his stuff but cheapo buying your material bc his so nice lol. It's the oldest trick in the salesmans playbook. I have heard it all.
As far as somebody questioning why a coin does not have sticker I dont c that as same type of issue why a coin justifying the grading fee had not been slabbed. Very few coins in terms of available pop have been submitted to CAC - unless some big ticket rarity. I know how look at and grade coins would never pay somebody for their opinion of TPG grade let alone risk my inventory in the mails. The market is made up of thousands of sellers and are not going to be dictated to by somebody selling their opinion of a limited segment of the total market let alone bleed money for that enterprise in this period of falling or flatlined bids. For $5000 coin can c demand for CAC for $100 coin no, generic MS63 Saints - no. Yes there are dealerships where their business model is partnered w CAC and certainly they are going to push it. A sticker will not save falling bids for a market segment like MS65 generic dollars taking a hit recently.
The fact is there has been a shift away from Generic Saints to material like slabbed 69 AGE, AGB (selling like wildfire), MWG.
look at how CAC was started, who was involved and the hype going forward. I appreciate Mark's perspective and the posting of the "Interview" wherever it came from, but it strikes me as nothing but hype. its purpose is to convince collectors that they need to have the coins with the sticker. though JA comes across as somewhat altruistic in what he says he wanted to accomplish I have difficulty with the profit motive.
can the two exist together?? can he serve two masters?? it is a question which has baffled mankind for centuries.
When you get ready to sell and want to maximize the money, you have to put it through the current machinery. That's been true, true now, and will be true later.
@DMWJR said:
When you get ready to sell and want to maximize the money, you have to put it through the current machinery. That's been true, true now, and will be true later.
If that is true, then why do pieces without CAC stickers bring such high bids at auction? Filling my collection with non CAC items should be a piece of cake for me, but it isn't
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 ... ?
Doug, what makes you say it's true?? that's the hype that drives collectors like me nuts and actually drives the prices that you state will be higher. it strikes me as a sort of self-fulfilling statement --- if I send my coins through CAC they will be worth more, but the only way I can know that is to send them through CAC. that is similar to the thinking that if I have coins that have been encapsulated for many years I should probably have them regraded due to gradeflation.
I'm not just saying stickers. It's plastic, auction house, use of dealers to promote your set, etc. don't think they won't try to torpedo your sale if they don't get their cut.
I smell an opportunity for those who think they don't need CAC to buy a nice coin.....buy nice non CAC coins, get them stickered and sell them to the lemmings who must have them
@tradedollarnut said: How did we arrive at this juncture so quickly?? How have so many so readily and easily dismissed the opinion of the graders at PCGS and NGC??
Honestly? Crap grading. Not always, but often enough that the need for CAC grew by leaps and bounds
It seems to me that CAC has also engaged in grade inflation to a degree. Give it 20 years and there will probably be just as many CAC errors as there are NGC and PCGS errors. At least CAC will buy them though.
@tradedollarnut said:
I smell an opportunity for those who think they don't need CAC to buy a nice coin.....buy nice non CAC coins, get them stickered and sell them to the lemmings who must have them
That is so true ... or hold them until the next plastic/sticker/grading standard comes along.... which it will.
Of course it's about money in the end. Why would somebody think otherwise? But it's not at the stickering level in CAC's case. It's at the wholesale level and some retail. It's about separating the wheat from the chaff and indentifying solid for the grade coins in which to create a market in. Ever wonder what the market would look like without CAC and the bids they support?
In order to understand how we got to where we are today you have to understand where we where. That's why I posted those snippets of the interview and as stated it was from the Maurice Rosen Advisory Letter from 2008.
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......
It's about the money to get a higher markup on a big ticket coin one feels is PQ for a nominal submission fee. Get $70k vs $ 50k from some well heeled buyer where that's chump change.
However in the final analysis I will reject any coin which does not meet my standards especially if spotted, badly tarnished, darkly toned, etc - CAC or not.
When looking at a CAC coin give it your best scrutiny - is this coin really PQ, is it PCGS, does it have good luster, any spots, and am I going to be buried in it? What can I sell it for and will the market support the additional cost in the MUF equation?
Correct, the final analysis is always in the hands of the person writing the check. CAC is a pertinent part of the analysis for me in making a well informed measured decision. However, other factors play into it as well. In the end I have to love love love love..... really love the coin and it has to be all there for the grade. I tried the other way in a few cases and it didn't work out all that well ( astheically pleasing but low end for the grade)
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......
Kove: That isn't an insult to PCGS at all. It's just math and time.
I, too, believe that a time related issue is central to the problem. In my writings, I focus more on the amount of time graders tend to spend on each coin. IMO, while there are coins that can be fairly graded in seconds, there are many that require at least three minutes. A few require much more time!
BillJones: CAC took over so quickly because a great many people who post here think that John Albanese is a god and the greatest coin grader in the history of the human race. Whatever he says is true and woe be it to anyone who does not fall in line with that assessment. ..I have never understood that kind of hero worship ...
No one is saying that JA is infallible. I said here before, "Once in a while, though rarely, I will examine a gold coin with a sticker that I find to have been doctored." So there, I find some coins with stickers to have been doctored, silver in far more instances than gold. A point is that JA has the highest batting average. It is indisputable that CAC stickers, on average, add value to coins.
The fact that Ted Williams often had the highest batting average, during his career, does not mean that no one else should then have played baseball. Besides, the Red Sox never won the World Series when Ted Williams was the team's star.
Ted Williams did not commit errors during the few times that he struck out. Such 'outs' are part of the nature of the game; no one can bat 1.000!
It makes sense for collectors to seek multiple opinions about individual coins and to ask questions. There should be more discussion of the reasons why a coin grades 65, not 64 or 66. It is educational and important from a financial perspective to discuss the finer points of coins and the reasons for specific grades or no grades.
@tradedollarnut said:
I smell an opportunity for those who think they don't need CAC to buy a nice coin.....buy nice non CAC coins, get them stickered and sell them to the lemmings who must have them
I know at least one dealer who told me that CAC is an opportunity for this exact same reason and he has used it to his advantage.
To assume that every coin that does not have a sticker is of bad quality is terrible judgment. This day and age where several purchases are done sight unseen. It is great to have CAC endorsement.
Ignore the hero worship non-sense regarding JA. I agree with the following statement by none other than Bill Jones. "His CAC approved coins hit the mark 90+% of the time."
Although JA is more hands on he sets the tone for the graders at CAC. No different than DH and MS do at PCGS and NGC. All three are human and do make mistakes. Therefore It's important to me as a collector that they stand behind their products.
@Peace_dollar88 said:
To assume that every coin that does not have a sticker is of bad quality is terrible judgment. This day and age where several purchases are done sight unseen. It is great to have CAC endorsement.
No one should assume every coin that does not have a sticker is of bad quality. Many coins have never been to CAC. However, when dealing with certain series and certain price points----one can assume that the coin probably went to CAC if it is being sold since a sticker could add thousands of dollars. Like anything, you need to know the market you collect.
An interesting thread. The major issue I see, is those that assume a coin without a CAC sticker must have failed or deemed unsuitable to submit. That is just wrong. PCGS has graded 36.4 million coins to date. That has been done over 20+ years. CAC has been in business about ten years... although I do not know the size of their operation, I am sure they have not evaluated more than 20-25% of that population - just an estimate on my part. So, simply lacking a sticker does not make a coin dreck (which by the way, has a first line definition of 'excrement, dung'). There are perfectly fine coins, slabbed and not slabbed to collect. The CAC sticker is definitely a selling point - and, in many cases, adds to the price (and cost). I simply caution those who ignore coins without a sticker to not be so hasty. Cheers, RickO
I figure that of that 36.4 million coins graded by PCGS there are maybe 10 million which could be CAC candidates, then maybe CAC has looked at 1% of that.
@acloco said:
Make the pass and no pass list of coins submitted to CAC public.
And THEN watch the liquidations.
There would be thousands and thousands of regrade submissions at both PCGS and NGC. I'm sure the services would love it.
Then there's the other side of the coin that says the people who will just dump the non stickered "as is" and just quit the whole stupid game could easily outnumber those who will "play along" and pay more and more to TRY to stay even.
@TwoSides2aCoin said:
If anything Al, CAC may have eliminated the need for a loupe for a lot of collectors. Then again, I think the TPGs did that , too.
If it has a sticker and PCGS plastic, I don't even have to LOOK at the stupid coin.
I....KNOW.... it is in the upper 2/3 of the grade stated on the invoice.
(I save the invoices and stick them in albums...it makes for a lot of fun with the hobby.)
@acloco said:
Make the pass and no pass list of coins submitted to CAC public.
And THEN watch the liquidations.
There would be thousands and thousands of regrade submissions at both PCGS and NGC. I'm sure the services would love it.
Then there's the other side of the coin that says the people who will just dump the non stickered "as is" and just quit the whole stupid game could easily outnumber those who will "play along" and pay more and more to TRY to stay even.
Substitute raw for non-stickered and read back slowly as if you were in 1986
@acloco said:
Make the pass and no pass list of coins submitted to CAC public.
And THEN watch the liquidations.
There would be thousands and thousands of regrade submissions at both PCGS and NGC. I'm sure the services would love it.
Then there's the other side of the coin that says the people who will just dump the non stickered "as is" and just quit the whole stupid game could easily outnumber those who will "play along" and pay more and more to TRY to stay even.
Substitute raw for non-stickered and read back slowly as if you were in 1986
We aren't talking about getting a GRADE and protection from damage are we?
Keets, to answer the question posed in the thread title, what CAC has done for me is to make me aware of a selection of coins that have a much higher probability of meeting my standards to make a purchase.
In fact, I very rarely look at coins that are not PCGS and CAC. This does not mean that I think all other coins are "bad". I have limited time to spend on my coin collecting and I have found through experience that there is only a very slim chance of me finding something raw or non-PCGS/CAC that meets my criteria for purchase. Therefore I only look at PCGS/CAC coins to increase the chance of me finding a coin that will meet or exceed my purchase criteria.
And for those that think otherwise, I actually look at the coin to decide if it meets my criteria for purchase. There are many PCGS/CAC coins that I pass on because they don't meet my personal criteria. So instead of looking at thousands of non-PCGS/CAC coins (which I do not have time to do) I only need to look at the much smaller subset of PCGS/CAC coins. And yes, that costs money but it saves me a tremendous amount of time and I am very, very rarely disappointed with my purchase.
It's really very simple. John Albanese started CAC because he wanted to get into the business of buying and selling coins, chiefly on the wholesale market. He doesn't make any money on the stickers. Rather, they indicate a coin that he is willing to buy at the time it gets its sticker. He does quite a bit of business in Morgans and in gold numismatic U.S. Coins.
If he does not want to buy a particular coin at a particular time, it does not get a CAC sticker.
That's all.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
@Elcontador said:
It's really very simple. John Albanese started CAC because he wanted to get into the business of buying and selling coins, chiefly on the wholesale market. He doesn't make any money on the stickers. Rather, they indicate a coin that he is willing to buy at the time it gets its sticker. He does quite a bit of business in Morgans and in gold numismatic U.S. Coins.
If he does not want to buy a particular coin at a particular time, it does not get a CAC sticker.
That's all.
Not even close. Bad rumor floating around a long time.
@Elcontador said:
It's really very simple. John Albanese started CAC because he wanted to get into the business of buying and selling coins, chiefly on the wholesale market. He doesn't make any money on the stickers. Rather, they indicate a coin that he is willing to buy at the time it gets its sticker. He does quite a bit of business in Morgans and in gold numismatic U.S. Coins.
If he does not want to buy a particular coin at a particular time, it does not get a CAC sticker.
That's all.
Not even close. Bad rumor floating around a long time.
Sorry, what I wrote was true. You can choose to disbelief it if you wish.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
If he does not want to buy a particular coin at a particular time, it does not get a CAC sticker.
That's all.
That's not true. If a coin warrants a sticker it gets a sticker whether he is interested or not at that point in time
If he doesn't want to buy a coin at any point and time he doesn't support the bid.
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......
If he doesn't want to buy a coin at any point and time he doesn't support the bid.
HEY! This gets "TRICKY" fast, don't it?
Only if you want it to be
You can't expect him to support every bid especially with the sheer number of coins out there. At least I don't.
m
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......
@TwoSides2aCoin said:
If anything Al, CAC may have eliminated the need for a loupe for a lot of collectors. Then again, I think the TPGs did that , too.
Sorry, no. Did you not see the photo of the 1852 gold dollar, graded MS-63,CAC, that had a "L" scratched into the obverse? I spotted that one with my 10X glass.
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 ... ?
If he doesn't want to buy a coin at any point and time he doesn't support the bid.
HEY! This gets "TRICKY" fast, don't it?
Only if you want it to be
You can't expect him to support every bid especially with the sheer number of coins out there. At least I don't.
m
WHAT?
There's not an unlimited bucket of money to validate a service in such demand?
No one has that many buckets
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......
@keets said:"I think there is an opening for CAC to cut out the middle man. They should design and offer a service whereby a submitter can send them a raw coin with a grade assessment on it, then CAC can issue their sticker or not issue it. Voila!!"
Interesting idea. There would be no way to add a random coin in a random holder in the CAC Pop report, and no way to verify it is the same coin for verification. So, the coin would also need a picture taken of it, encapsulated and a number assigned to it at CAC for this to work.....
Add me to the untrue group. It seems that no matter how many times people explain the criteria used by CAC some people refuse to except it and insist on promoting their own explanation without providing any proof.
Comments
Make the pass and no pass list of coins submitted to CAC public.
Mark - I don't have the time to waste. I have never started a thread on CAC and never will. There have been many started both pro and con. I think it will be in my best interest to not participate in any CAC thread from this time forward.
I enjoy my time here and don't want to lose it. Like my buddy Greg use to say..."if it's not fun it's not worth it"!
And THEN watch the liquidations.
Let's make CAC more like Fight Club. The first rule about CAC. You don't talk about CAC.
No - they very small part of total material on the market - furthermore PQ is a subjective area and I have major differences with someone who prefers toned coins for instance. I remember a dealer circa 1990 he wanted rip u selling his stuff but cheapo buying your material bc his so nice lol. It's the oldest trick in the salesmans playbook. I have heard it all.
As far as somebody questioning why a coin does not have sticker I dont c that as same type of issue why a coin justifying the grading fee had not been slabbed. Very few coins in terms of available pop have been submitted to CAC - unless some big ticket rarity. I know how look at and grade coins would never pay somebody for their opinion of TPG grade let alone risk my inventory in the mails. The market is made up of thousands of sellers and are not going to be dictated to by somebody selling their opinion of a limited segment of the total market let alone bleed money for that enterprise in this period of falling or flatlined bids. For $5000 coin can c demand for CAC for $100 coin no, generic MS63 Saints - no. Yes there are dealerships where their business model is partnered w CAC and certainly they are going to push it. A sticker will not save falling bids for a market segment like MS65 generic dollars taking a hit recently.
The fact is there has been a shift away from Generic Saints to material like slabbed 69 AGE, AGB (selling like wildfire), MWG.
That is how you see collectors who don't have all their coins stickered by CAC? Ouch!!
From what I have just read here, you're not the only one.
Happy Independence day everyone!
I just have one comment.
It's all about the money. It's always just been all about the money.
it would appear it is certainly about the money.
look at how CAC was started, who was involved and the hype going forward. I appreciate Mark's perspective and the posting of the "Interview" wherever it came from, but it strikes me as nothing but hype. its purpose is to convince collectors that they need to have the coins with the sticker. though JA comes across as somewhat altruistic in what he says he wanted to accomplish I have difficulty with the profit motive.
can the two exist together?? can he serve two masters?? it is a question which has baffled mankind for centuries.
When you get ready to sell and want to maximize the money, you have to put it through the current machinery. That's been true, true now, and will be true later.
If that is true, then why do pieces without CAC stickers bring such high bids at auction? Filling my collection with non CAC items should be a piece of cake for me, but it isn't
Doug, what makes you say it's true?? that's the hype that drives collectors like me nuts and actually drives the prices that you state will be higher. it strikes me as a sort of self-fulfilling statement --- if I send my coins through CAC they will be worth more, but the only way I can know that is to send them through CAC. that is similar to the thinking that if I have coins that have been encapsulated for many years I should probably have them regraded due to gradeflation.
I'm not just saying stickers. It's plastic, auction house, use of dealers to promote your set, etc. don't think they won't try to torpedo your sale if they don't get their cut.
I smell an opportunity for those who think they don't need CAC to buy a nice coin.....buy nice non CAC coins, get them stickered and sell them to the lemmings who must have them
It seems to me that CAC has also engaged in grade inflation to a degree. Give it 20 years and there will probably be just as many CAC errors as there are NGC and PCGS errors. At least CAC will buy them though.
There would be thousands and thousands of regrade submissions at both PCGS and NGC. I'm sure the services would love it.
That is so true ... or hold them until the next plastic/sticker/grading standard comes along.... which it will.
Of course it's about money in the end. Why would somebody think otherwise? But it's not at the stickering level in CAC's case. It's at the wholesale level and some retail. It's about separating the wheat from the chaff and indentifying solid for the grade coins in which to create a market in. Ever wonder what the market would look like without CAC and the bids they support?
In order to understand how we got to where we are today you have to understand where we where. That's why I posted those snippets of the interview and as stated it was from the Maurice Rosen Advisory Letter from 2008.
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......
Absolutely about $$$.
It's about the money to get a higher markup on a big ticket coin one feels is PQ for a nominal submission fee. Get $70k vs $ 50k from some well heeled buyer where that's chump change.
However in the final analysis I will reject any coin which does not meet my standards especially if spotted, badly tarnished, darkly toned, etc - CAC or not.
When looking at a CAC coin give it your best scrutiny - is this coin really PQ, is it PCGS, does it have good luster, any spots, and am I going to be buried in it? What can I sell it for and will the market support the additional cost in the MUF equation?
I even have an AS search set to PCGS / CAC.
Correct, the final analysis is always in the hands of the person writing the check. CAC is a pertinent part of the analysis for me in making a well informed measured decision. However, other factors play into it as well. In the end I have to love love love love..... really love the coin and it has to be all there for the grade. I tried the other way in a few cases and it didn't work out all that well ( astheically pleasing but low end for the grade)
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......
Kove:
I, too, believe that a time related issue is central to the problem. In my writings, I focus more on the amount of time graders tend to spend on each coin. IMO, while there are coins that can be fairly graded in seconds, there are many that require at least three minutes. A few require much more time!
The Specter of Coin Doctoring and The Survival of Great Coins
BillJones:
No one is saying that JA is infallible. I said here before, "Once in a while, though rarely, I will examine a gold coin with a sticker that I find to have been doctored." So there, I find some coins with stickers to have been doctored, silver in far more instances than gold. A point is that JA has the highest batting average. It is indisputable that CAC stickers, on average, add value to coins.
The fact that Ted Williams often had the highest batting average, during his career, does not mean that no one else should then have played baseball. Besides, the Red Sox never won the World Series when Ted Williams was the team's star.
Ted Williams did not commit errors during the few times that he struck out. Such 'outs' are part of the nature of the game; no one can bat 1.000!
It makes sense for collectors to seek multiple opinions about individual coins and to ask questions. There should be more discussion of the reasons why a coin grades 65, not 64 or 66. It is educational and important from a financial perspective to discuss the finer points of coins and the reasons for specific grades or no grades.
How will Coin Collectors Interpret Certified Coin Grades in the Future?
Insightful10@gmail.com
I know at least one dealer who told me that CAC is an opportunity for this exact same reason and he has used it to his advantage.
To assume that every coin that does not have a sticker is of bad quality is terrible judgment. This day and age where several purchases are done sight unseen. It is great to have CAC endorsement.
Ignore the hero worship non-sense regarding JA. I agree with the following statement by none other than Bill Jones. "His CAC approved coins hit the mark 90+% of the time."
Although JA is more hands on he sets the tone for the graders at CAC. No different than DH and MS do at PCGS and NGC. All three are human and do make mistakes. Therefore It's important to me as a collector that they stand behind their products.
No one should assume every coin that does not have a sticker is of bad quality. Many coins have never been to CAC. However, when dealing with certain series and certain price points----one can assume that the coin probably went to CAC if it is being sold since a sticker could add thousands of dollars. Like anything, you need to know the market you collect.
An interesting thread. The major issue I see, is those that assume a coin without a CAC sticker must have failed or deemed unsuitable to submit. That is just wrong. PCGS has graded 36.4 million coins to date. That has been done over 20+ years. CAC has been in business about ten years... although I do not know the size of their operation, I am sure they have not evaluated more than 20-25% of that population - just an estimate on my part. So, simply lacking a sticker does not make a coin dreck (which by the way, has a first line definition of 'excrement, dung'). There are perfectly fine coins, slabbed and not slabbed to collect. The CAC sticker is definitely a selling point - and, in many cases, adds to the price (and cost). I simply caution those who ignore coins without a sticker to not be so hasty. Cheers, RickO
RickO, I think you are being way to generous.
I figure that of that 36.4 million coins graded by PCGS there are maybe 10 million which could be CAC candidates, then maybe CAC has looked at 1% of that.
Then there's the other side of the coin that says the people who will just dump the non stickered "as is" and just quit the whole stupid game could easily outnumber those who will "play along" and pay more and more to TRY to stay even.
If anything Al, CAC may have eliminated the need for a loupe for a lot of collectors. Then again, I think the TPGs did that , too.
``https://ebay.us/m/KxolR5
If it has a sticker and PCGS plastic, I don't even have to LOOK at the stupid coin.
I....KNOW.... it is in the upper 2/3 of the grade stated on the invoice.
(I save the invoices and stick them in albums...it makes for a lot of fun with the hobby.)
Who needs to see the silly COINS?
Substitute raw for non-stickered and read back slowly as if you were in 1986
We aren't talking about getting a GRADE and protection from damage are we?
Substitute raw for non-stickered and read back slowly as if you were in 1986
Bruce, I understand the sentiment but feel you are over-reaching.
Keets, to answer the question posed in the thread title, what CAC has done for me is to make me aware of a selection of coins that have a much higher probability of meeting my standards to make a purchase.
In fact, I very rarely look at coins that are not PCGS and CAC. This does not mean that I think all other coins are "bad". I have limited time to spend on my coin collecting and I have found through experience that there is only a very slim chance of me finding something raw or non-PCGS/CAC that meets my criteria for purchase. Therefore I only look at PCGS/CAC coins to increase the chance of me finding a coin that will meet or exceed my purchase criteria.
And for those that think otherwise, I actually look at the coin to decide if it meets my criteria for purchase. There are many PCGS/CAC coins that I pass on because they don't meet my personal criteria. So instead of looking at thousands of non-PCGS/CAC coins (which I do not have time to do) I only need to look at the much smaller subset of PCGS/CAC coins. And yes, that costs money but it saves me a tremendous amount of time and I am very, very rarely disappointed with my purchase.
That's my story and I'm sticking to it.
Joe.
My YouTube Channel
I get my coins from Coin Vault and assume that nothing bad would happen that late at night.
It's really very simple. John Albanese started CAC because he wanted to get into the business of buying and selling coins, chiefly on the wholesale market. He doesn't make any money on the stickers. Rather, they indicate a coin that he is willing to buy at the time it gets its sticker. He does quite a bit of business in Morgans and in gold numismatic U.S. Coins.
If he does not want to buy a particular coin at a particular time, it does not get a CAC sticker.
That's all.
"Seu cabra da peste,
"Sou Mangueira......."
Not even close. Bad rumor floating around a long time.
My 1866 Philly Mint Set
Sorry, what I wrote was true. You can choose to disbelief it if you wish.
"Seu cabra da peste,
"Sou Mangueira......."
That's not true. If a coin warrants a sticker it gets a sticker whether he is interested or not at that point in time
If he doesn't want to buy a coin at any point and time he doesn't support the bid.
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......
HEY! This gets "TRICKY" fast, don't it?
Only if you want it to be
You can't expect him to support every bid especially with the sheer number of coins out there. At least I don't.
m
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......
Sorry, no. Did you not see the photo of the 1852 gold dollar, graded MS-63,CAC, that had a "L" scratched into the obverse? I spotted that one with my 10X glass.
WHAT?
There's not an unlimited bucket of money to validate a service in such demand?
No one has that many buckets
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......
Damn! Okay then, I'm buying a loupe.
That is funny as heck. Thanks for making me laugh.
@keets said:"I think there is an opening for CAC to cut out the middle man. They should design and offer a service whereby a submitter can send them a raw coin with a grade assessment on it, then CAC can issue their sticker or not issue it. Voila!!"
Interesting idea. There would be no way to add a random coin in a random holder in the CAC Pop report, and no way to verify it is the same coin for verification. So, the coin would also need a picture taken of it, encapsulated and a number assigned to it at CAC for this to work.....
They could also put 3 or 4 question marks on a newly designed sticker and put this whole thing into a whole new area.
Add me to the untrue group. It seems that no matter how many times people explain the criteria used by CAC some people refuse to except it and insist on promoting their own explanation without providing any proof.
Mark, we'll agree to disagree on this. JA is in the business of buying and selling coins, not stickering them.
"Seu cabra da peste,
"Sou Mangueira......."