First CAC submission

Along · July 16, 2018 9:33PM

Sent my first coin into CAC today, a MS65 Peace $1. Will it come back with a sticker?

cameonut2011 · July 16, 2018 9:35PM

It is hard to tell anything with those photos.

Along · July 16, 2018 9:37PM

Yea still trying to get the lighting right.

GRANDAM · July 16, 2018 9:39PM

No, I don't think so,,,,,,, if what appears to be chatter in your photo is chatter.

jmlanzaf · July 16, 2018 9:44PM

With all due respect, does it matter?

Bluesheet bid on a 65 is $80. Greysheet bid on a 65 is $95 and Greysheet bid on a 65 CAC is $110. And JA's posted bid is $100.

Wabbit2313 · July 16, 2018 9:59PM

Am I missing something? Such a common cheap coin. That said, I hope it passes since you felt it needed CAC.

Along · July 16, 2018 10:17PM

First submission, just wanted to try it out.

I’ve been reading and seeing more and more recommendations to “only buy CAC”.

Wanted to see how much time and money was involved in submitting coins.

cameonut2011 · July 16, 2018 10:28PM

@Along said:
I’ve been reading and seeing more and more recommendations to “only buy CAC”.

Don't drink the Kool-Aid. Many making those statements are doing so for self serving purposes. Think for yourself and learn to grade. One particularly loud proponent has admitted alts that may or may not be used to propagate this message and give the false appearance of widespread agreement. Not every coin has been to CAC, and there is no need to artificially limit the supply and limit options. If you are unsure and are contemplating an expensive purchase you can work with a trusted dealer or expert. The forum may be able to recommend specific dealers/lot viewers if we know your interests.

P.S. There is nothing wrong with CAC, and it can be a useful tool for learning. It can be an excellent value. Just don't use it as a crutch or use it as a substitute for logical reasoning and common sense.

cameonut2011 · July 16, 2018 10:30PM

Also CAC may make more sense for 5, 6, and 7 figure coins but not something like this where the buy-sell spread is de minimis.

1Mike1 · July 17, 2018 12:28AM

I like the luster. If the coin is $100 you don't need a sticker. If its experience of slabbing and stickering you want then go for it, just don't spend a boatload of money having $100 coins stickered. Sounds like you're having fun, good luck.

Timbuk3 · July 17, 2018 1:00AM

Good luck !!!

Justacommeman · July 17, 2018 4:39AM

I think it’s probably worth it for the potential learning experience. Let us know. Might of been wise to ask for a reason why if it didn’t pass.

FYI how did you send it in? Through a dealer?

Good luck

mark

Cougar1978 · July 17, 2018 4:50AM

No

logger7 · July 17, 2018 5:29AM

With shipping to and from and certification fees you could be out serious money. The only way that is worthwhile is if you could piggy back with another dealer order and only pay if it stickers like collector memberships allow.

ricko · July 17, 2018 5:40AM

Difficult to judge from that picture... too much reflection... Let us know what happens... Cheers, RickO

oih82w8 · July 17, 2018 8:46AM

Nice, well struck hair detail!

coinlieutenant · July 17, 2018 9:31AM

JA is tough on peace dollars....

divecchia · July 17, 2018 9:38AM

I agree with @oih82w8 in that it looks like it has some great hair detail, but the chatter may be an issue.

Good luck.

Donato

Jcld · July 17, 2018 9:41AM

@Along said:
Sent my first coin into CAC today, a MS65 Peace $1. Will it come back with a sticker?

How did you submit it? Through a dealer or are you a member. I looked into becoming a member but it asked for references and since I am still very new to "serious" collecting I couldn't come up with any.

asheland · July 17, 2018 9:45AM

I personally wouldn't for a $100 coin, but nonetheless I hope you get approved.

Along · July 17, 2018 12:23PM

A dealer that I try to work with, usually check in once a month to see what is new, sent the coin in for me. He likely bundled the coin with others as well. I paid $25.

CCGGG · July 17, 2018 12:30PM

Probably not.

chumley · July 17, 2018 12:51PM

It used to be easier to join CAC as a collector.....like back when they let me in

cameonut2011 · July 17, 2018 3:12PM

@Along said:
A dealer that I try to work with, usually check in once a month to see what is new, sent the coin in for me. He likely bundled the coin with others as well. I paid $25.

That is insane, and I would never do business with that dealer again. The submission fee is $14.50. He doesn't have $10.50 in time and postage. You can get on CAC's waitlist to start your own CAC account or find another dealer or collector to work with. Collectors are even better as they receive credit back for coins that do not sticker.

cameonut2011 · July 17, 2018 3:15PM

@Along If you make TPGS submissions, don't use the same dealer either. You can start your own account for that or find a dealer who submits in bulk who can help you. Harry Laibstain offer discounts when you submit multiple coins through his firm.

jmlanzaf · July 17, 2018 4:32PM

@cameonut2011 said:

@Along said:
A dealer that I try to work with, usually check in once a month to see what is new, sent the coin in for me. He likely bundled the coin with others as well. I paid $25.

That is insane, and I would never do business with that dealer again. The submission fee is $14.50. He doesn't have $10.50 in time and postage. You can get on CAC's waitlist to start your own CAC account or find another dealer or collector to work with. Collectors are even better as they receive credit back for coins that do not sticker.

I sort of agree - although it depends on how many coins the dealer was submitting. If he was only submitting a couple of coins, sharing the postage cost could be more than you are crediting him.

BryceM · July 17, 2018 4:35PM

@coinlieutenant said:
JA is tough on peace dollars....

Yup, along with seemingly everyone else.

TwoSides2aCoin · July 17, 2018 5:18PM

Peace. May the eternal bright shine upon her.

Wabbit2313 · July 17, 2018 5:22PM

If he was to submit that coin all by himself, it would cost a lot more with shipping both ways, than 25 bucks. CAC uses registered and insured mail, which is also not cheap. $20 minimum.

coinlieutenant · July 17, 2018 7:55PM

@BryceM said:

@coinlieutenant said:
JA is tough on peace dollars....

Yup, along with seemingly everyone else.

I think he is toughest on early copper followed by Saints.

jonruns · July 17, 2018 8:28PM

Good learning experience for a modest sum...good luck!!

cameonut2011 · July 17, 2018 9:00PM

@jmlanzaf said:

@cameonut2011 said:

@Along said:
A dealer that I try to work with, usually check in once a month to see what is new, sent the coin in for me. He likely bundled the coin with others as well. I paid $25.

That is insane, and I would never do business with that dealer again. The submission fee is $14.50. He doesn't have $10.50 in time and postage. You can get on CAC's waitlist to start your own CAC account or find another dealer or collector to work with. Collectors are even better as they receive credit back for coins that do not sticker.

I sort of agree - although it depends on how many coins the dealer was submitting. If he was only submitting a couple of coins, sharing the postage cost could be more than you are crediting him.

Fair enough, but how many dealers only submit a couple of coins at a time unless they are super expensive? The dealer is having him subsidize the other coins IMO.

skier07 · July 17, 2018 11:44PM

CAC charges the dealer $14.50. Dealer is making a whopping $10.50. That doesn’t sound unreasonable to me. Dealers time has some value. What happens if the package gets lost? For $10.50 the dealer now has a gigantic migraine.

jmlanzaf · July 18, 2018 8:14AM

@cameonut2011 said:

@jmlanzaf said:

>

Fair enough, but how many dealers only submit a couple of coins at a time unless they are super expensive? The dealer is having him subsidize the other coins IMO.

It depends. A dealer who does a lot of submissions could work it in. We don't really know the negotiation here. My local guy will sometimes ask if I want to wait for him to have a lot of stuff or whether I want to pay more to do it quicker.

The other consideration is the cost of submitting yourself. Even though I can directly submit to PCGS or NGC, if I only have 1 or 2 coins to go, I will sometimes pay the premium to have my local guy do it (he only charges a $5 premium, sometimes less) because the cost of shipping for a one coin submission is sometimes as much as the slab fees.

Along · July 26, 2018 7:42AM

Did bean.

Despite the negative response, I view this as a positive experience and well worth the $25.

ms71 · July 26, 2018 7:53AM

I didn't catch this thread when it started. If I had, my response would have been that it has been my experience that the dark "chatter" in your first photo is very often an effect of the lighting accentuating the tiniest nick, and the chatter will be barely noticeable when the coin is in hand. The proof is in your second photo, compare it to the first photo. Don't succumb to the naysayers or anyone who disparages your coin(s) with a "who cares". Enjoy your coins and the hobby your way.

Redglobe · July 26, 2018 8:32AM

Congratulations on your submission.

asheland · July 26, 2018 10:43AM

That's great!

GRANDAM · July 26, 2018 12:23PM

Well, the coin in the slab looks nothing like the coin in the original photo.

The slab coin is very nice.

Along · July 26, 2018 12:29PM

Thank you all. I appreciate the critique of the coin that is what I was looking for. The comment on "negative response" was the critique of my decision to pay $25 to submit a ~$100 coin.

Kkathyl · July 26, 2018 12:33PM

looks like your pictures have improved. Good work.

Peace_dollar88 · July 26, 2018 12:36PM

NICE!

logger7 · July 26, 2018 1:20PM

They may be fussy but not crazy so especially on common dates. Any thoughts on these MS65 1928? https://www.ebay.com/itm/1928-Silver-Peace-Dollar-PCGS-MS65-First-Generation-PCGS-Holder-SKU49485-/132348905170

https://www.ebay.com/itm/1928-Peace-Dollar-1-MS-65-PCGS-30th-Anniversary-Holder-Fabulous-2066/153111322375?hash=item23a6255f07:g:P8gAAOSwyn1Zakqh:sc:ShippingMethodStandard!06840!US!-1&_sop=16&_sacat=0&_nkw=1928+PCGS+MS65&_from=R40&rt=nc

GRANDAM · July 26, 2018 1:27PM

I like the 1st one at MS65 but not the second one.

Speaking of the 1928 Peace Dollars.

Along · July 26, 2018 1:34PM

I think I prefer the second one. Too bad the cheek/lower jaw wasn't just a little cleaner.

hchcoin · July 26, 2018 1:47PM

Congratulations! Great looking coin and good learning experience.

hchcoin · July 26, 2018 1:48PM

You have a 100% CAC successful submission rate! You can throw that one around in some of the CAC threads

logger7 · July 26, 2018 1:58PM

@GRANDAM said:
I like the 1st one at MS65 but not the second one.

They probably would have been sent in if they were cac'able. FTC (Guilford) doesn't do cac submissions.

cameonut2011 · July 26, 2018 2:20PM

@Along said:
Thank you all. I appreciate the critique of the coin that is what I was looking for. The comment on "negative response" was the critique of my decision to pay $25 to submit a ~$100 coin.

To be clear, those comments were not intended as a negative critique of you at all. You mentioned that you had read many "CAC only" recommendations. Most of those recommendations come from a particularly vocal member here and her followers. This same member admittedly has multiple user ids here which she may or may not use to propagate her message. I say "may or may not" because she won't disclose her other ids. While she is vocal about her agenda, unfortunately she is not as vocal about the fact that she is (or at least was until recently) a co-owner of CAC (or at least that was a finding of a federal judge in a civil lawsuit she filed). On information and belief, an equity partner of her dealership was also an investor at CAC at some point although I am unsure whether this is still the case or not.

If you want to spend 25% of a coin's value to send it to CAC for learning purposes, I say more power to you. I'm glad that you're happy, that your coin stickered (it looks nice based on the most recent photo), and that you thought it was useful. I want to make sure that you make that decision on your own and not influenced by what I view as the self-serving statements of others.

Enjoy your coins!

BG · July 26, 2018 4:42PM

Some sad comments. Be Gentle and Kind, as Tim McGraw says.

Along · July 26, 2018 4:48PM

More information the better, thanks.

First CAC submission

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