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Should PNG require dealers to disclose coins submitted to CAC that fail to sticker?

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    GazesGazes Posts: 2,315 ✭✭✭✭✭

    @specialist said:
    hey I have coins that don't sticker and I mention them, but darn if I know what happened before I bought them.

    I make my life simply, 99% of the time I sell CAC to my customers.

    I make my life simple, 99% of the time I buy CAC

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    tradedollarnuttradedollarnut Posts: 20,799 ✭✭✭✭✭

    Hey John - I’ll let you sticker my 1804$1 for $100k

    Lolol

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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @jmlanzaf said:

    @Wabbit2313 said:

    @jmlanzaf said:

    @Wabbit2313 said:

    And how would we determine the winner? Are there any CAC insiders here?

    Save your money. There could be no quicker way to ruin CAC's business model and reputation than to do what you are suggesting they did.

    Strongly disagree. You are assuming the coin doesn't merit a sticker. If you are CAC, you want to advertise yourself on the great rarities.

    It's a little less obvious for CAC as there is no competitor. But it is obvious that NGC would not want PCGS to get the coins and Vice Versa. Bragging rights.

    I can't keep arguing such a foolish assertion, and an even more foolish "bragging rights" that CAC apparently needs, so I won't. Cheers!

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    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @tradedollarnut said:
    Hey John - I’ll let you sticker my 1804$1 for $100k

    Lolol

    You will have to buff out the "D" first.

    ;)

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    tradedollarnuttradedollarnut Posts: 20,799 ✭✭✭✭✭

    @Coinstartled said:

    @tradedollarnut said:
    Hey John - I’ll let you sticker my 1804$1 for $100k

    Lolol

    You will have to buff out the "D" first.

    ;)

    I’m adding a T and an N

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    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @tradedollarnut said:

    @Coinstartled said:

    @tradedollarnut said:
    Hey John - I’ll let you sticker my 1804$1 for $100k

    Lolol

    You will have to buff out the "D" first.

    ;)

    I’m adding a T and an N

    Y'know Bruce, it would take little out of the value and would be talked about a century from now!

    Do it!

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    CatbertCatbert Posts: 8,269 ✭✭✭✭✭

    I would like to introduce the Catbert escrow service to those wagering $10,000. I believe we are up to $30,000 thus far assuming the wager is accepted by the original bettor.

    Rest assured, your money is safe with me!

    Seated Half Society member #38

    "She comes out of the sun in a silk dress,
    running like a water color in the rain...."
  • edited June 3, 2018 3:01PM
    This content has been removed.
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    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    @Catbert said:
    I would like to introduce the Catbert escrow service to those wagering $10,000. I believe we are up to $30,000 thus far assuming the wager is accepted by the original bettor.

    Rest assured, your money is safe with me!

    You are not instilling a whole lot of confidence in your new service. 40K would be the amount held in escrow.

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    coinkatcoinkat Posts: 24,563 ✭✭✭✭✭

    Step away for 24 hours and the derailment continues... Please stop posting to this thread in the interest of Numismatics.

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

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    Cougar1978Cougar1978 Posts: 10,069 ✭✭✭✭✭
    edited March 30, 2021 10:13PM

    Your kidding rofl.

    No it would be an absurdity and privacy violation.

    Who would audit it anyway let alone have the gall. Not all dealers do US Coins where lack of sticker might be an issue (bullion, mods, inexpensive material).

    One could just tell those curious why coins not CAC: “will submit soon but wife’s credit card maxed out” or “have to wait until my credit card lawsuit settled” or “have some you want sell me (ignoring the question, getting out bluesheet)” or “not now my GF car payment, college tuition, nails, hair salon, all denting my budget (lol).”

    Investor
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    orevilleoreville Posts: 12,431 ✭✭✭✭✭

    EagleEye:
    You are the only dealer I know whose grading is even tougher than CAC on Indian Head Cents.
    so if you like the Indian Head Cent you are selling I do not have to ask if you submitted the coin to CAC.

    Every Indian Head cent I ever bought from you received a CAC sticker later on.

    A Collectors Universe poster since 1997!
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    orevilleoreville Posts: 12,431 ✭✭✭✭✭

    Another way to do business with dealers is to make an offer to buy their coin with a full return rights if it fails to receive CAC stickering.

    As a collector, you have to have a decent understanding of the grading system or you will be returning a lot of purchases.

    However, if the coin fails to sticker, you as a collector, pay nothing to CAC.

    A Collectors Universe poster since 1997!
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    BryceMBryceM Posts: 11,941 ✭✭✭✭✭

    This thread is 3 years old...... back from the dead.

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    Cougar1978Cougar1978 Posts: 10,069 ✭✭✭✭✭
    edited March 30, 2021 10:53PM

    Yes I guess we burning same old rubbish.

    Investor
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    thefinnthefinn Posts: 2,657 ✭✭✭✭✭

    NO. Grade the coin yourself!

    thefinn
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    PerryHallPerryHall Posts: 47,812 ✭✭✭✭✭

    @thefinn said:
    NO. Grade the coin yourself!

    What if you're a new collector and you aren't an expert grader? Do you think new collectors should "pay their dues"?

    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

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