Wow imagine if CAC did what record companies used to do
ScarsdaleCoin
Posts: 5,358 ✭✭✭✭✭
In a previous thread discussing sticker placement
I began to think about the comments and to me it's not if a coin has a sticker but if the coin was submitted and not stickered
So I got to thinking. Years ago record companies would drill a hole in records that were discounted....
When LPs were the primary medium for the commercial distribution of sound recordings, manufacturers would cut the corner, punch a hole, or add a notch to the spine of the jacket of unsold records returned from retailers; these "cut-outs" might then be re-sold to record retailers or other sales outlets for sale at a discounted price. 45 RPM singles records were usually drilled with a hole through the label, or stamped "C.O.". A special section of a record store devoted to such items was known as the cut-out bin or bargain bin.
Can you imagine a way to mark the slab that it did not sticker?
Comments
I just melt mine.
Instead of a hole why not a brand. Its will always be there till its cracked out.
Scarlet Letter of the coin world....
Jinx that's already done if you know where to look and have the secret decoder
The slab or coin?
I suppose the absurdity in the quest for alleged perfection has no limits...
Experience the World through Numismatics...it's more than you can imagine.
Really?? I find it comforting to know that I will not be around 50 years from now to see what level of degeneration has occurred in coin collecting. What freakin' difference does it all make? Do you like the coin? Is it only about profits now? How fine can we split these hairs?? Unbelievable!! Cheers, RickO
Some of you people truly obsessed with stickers. It's one man's opinion. Can you get through your heads? And sometimes that opinion is wrong. I'm making up a file of CAC mistakes. Sometimes they are significant.
I don't put all my coins to the CAC "Test", but if I send one and it doesn't make it, I simply put a small sticker of my own on the slab to remind me that I've sent it and it didn't pass.
I am the one who evaluates my coins - no one else. Nor will I spend money for somebody else opinion. PCGS works just fine for me. Why all this garbage about whether a coin would sticker or not and if not it's somehow worth less - rubbish.
I have seen a lot of CAC coins I would not want - the 1875CC 20c displayed here with horrible dark toning a notable example.
With all the slabs in my inventory I would go broke sending them to get some guys opinion which I have no use for.
I can c an exception for CAC submit for a coin where CD Bid for non CAC is $30000 and $50000 for CAC or otherwise justified in the sheet based on some minimum threshold like $1000 and one believes they can get more for the CAC coin (marketing strategy).
Learn how to grade and look at coins.
If many here don't need a sticker to tell them if a coin is nice/solid for the grade/etc. then it follows that they don't need a sticker to tell them that JA didn't like the coin.
And since so many here can grade to TPG and CAC accuracy, I say just crack them all out tomorrow and start fresh with a fully raw coin market. No more slabs....just buyers and sellers making decisions. Good luck to all. The only ones left standing are the ones who really can grade.
... And those who are good at spotting counterfeits.
No sense doing this as long as it's possible to reholder the coins at PCGS and NGC. On the other hand, perhaps CAC should drill a hole through the holder AND the coin if the coin is doctored. That would solve a lot of problems.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
some of my best records are cut-outs!
I posted this elsewhere.....but:
Marking coins that "fail", or even publishing lists of coins that "fail", is a great way to DECREASE submissions. Since "no hole" or "no brand" coins can be assumed to have NOT been viewed by CAC, they would generally be viewed as better coins than the rejected and marked coins.
Tier 1: Coins with a CAC sticker
Tier 2: Coins that have never been submitted....They still COULD pass, right?
Tier 3: Coins that failed to sticker. Surely already determined to be the "dregs"!
So if you have any doubt, the smart thing to do is not submit! And if you have a "failed" coin, the smart thing is to re-submit raw to PCGS/NGC, and get the darn thing off of the "failure list"!
Nah, CAC got it right in not divulging which coins failed. It keeps their service chugging along, accomplishes what they want by elevating the "good coins", and doesn't upset the rest of the hobby by creating more churn in the certification market.
What is this thing you call a "record"?
An authorized PCGS dealer, and a contributor to the Red Book.
Records and record collecting is worth a look... Whether Jazz, blues, country, classical, R&B. Doo-Wop or rock... There is something for everyone. Just fair warning that condition matters...
Experience the World through Numismatics...it's more than you can imagine.
Oh...and so does grading. And that largely depends on how old you are and whether one collects vinyl or older 78rpm records. Good luck in your collecting endeavors...
Experience the World through Numismatics...it's more than you can imagine.
Records and Coins:
Both share a few things:
Plastic and Round
Round in Plastic
Both have lots of spin too.
....and both need protective slip covers
...and like coins, records
have 5-6 different 'opinions'
on each side.
(stretching the word 'opinion'
to mean a songwriter's 'opinion'
of Love and Life.
There is a huge difference here. The record companies were deposing of excess stock, which was THEIR PROPERTY, by defacing the albums so that they could not be sold as pristine merchandise at full retail prices. Book publishers do the same thing with excess books when they mark the edges of the pages with a black Magic Marker before they go to the remainder table at a bookstore.
What you are proposing here is that CAC deface the slab, which IS NOT CAC’s PROPERTY, because they don’t care for the coin or the grade that on the holder for that coin. There is a huge difference.
I hope that this post was made your tongue in your cheek and not as a serious proposal. If you are serious about this, some of you are really stepping over the line. This would be in effect a veto that CAC would have over every graded coin, and that would be grounds for one hell of a lawsuit.
Permanently marking the slab is a slap in the face to the other TPG's. It's no different than carving an X across the viewing area.
Great transactions with oih82w8, JasonGaming, Moose1913.
What about a new CAC sticker, the pale green bean, for coins that are almost solid for the grade?
Record is what I do periodically to my repelling and climbing gear,
As the various cords wear out, I record them.
If CAC somehow marked coins that, in their opinion, are substandard, it would surely be a big boost to PCGS's ReHolder business.