CAC registry
Gazes
Posts: 2,315 ✭✭✭✭✭
I just saw on Laura's latest market report that CAC is working on it's own registry. I've heard people speculate about a CAC registry but this is the first I heard that it will be a reality.
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Very Interesting...
I have heard speculation about a CAC only registry for some time (whether by the services, CAC, or other entities). Those in favor of such a registry shouldn't get their hopes up. It sounds like an incredible amount of work and unless CAC is going to charge a registration fee, I don't really see it being worth the headaches, costs, and expenditure of other resources. If anyone really cared enough to do that much work for free, it would probably be Laura, but from her other posts it looks like she is already over worked.
Cool! That’s a good idea. Will they allow both PCGS and NGC Just so long as they have the Bean? If that’s the case I might be down.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Scratch this news. it is not happening any time soon.I miss wrote something.
yes, Laura is very ill this weekend and never should have made the comment the way I did about CAC
thanks for the clarification. I hope it happens at some point---seems to make alot of sense.
I hope you're okay.
It happens. To be continued
Hmmm, Wonder why Ebay doesn't hold CAC to the same standards they do for the TPG's? TPG's are required to have a searchable data base by Cert #....why is CAC allowed to fly under the radar on this requirement?
Because it's just another sticker...
Hope that you feel better, Laura.
No it doesn't. Been drummed into our heads for over a decade that the sole purpose of the CAC service was to tag possible acquisitions for JA's wholesale business.
CAC has had this feature since inception. It is listed as "coin lookup" on its website.
Yeah, I guess that is different from a POP report. I'm sure it wouldn't take much programing wise to generate a POP report. After thinking about it my understanding is if you lookup a coin it will tell you how many have been CAC's in that grade. Correct?
There is a separate population report. It is labeled as "pop report" and is on the menu bar directly beside the "coin lookup" link. Unfortunately there are separate databases for green and gold stickers, but the data is still all there.
I hope "very sick" just means "sick."
Here's a warning parable for coin collectors...
cac isn't the same animal. You can't list a CAC coin without a TPGS underneath it.
All comments reflect the opinion of the author, even when irrefutably accurate.
Any other random objections?
Latin American Collection
He had obviously never seen the certification verification tool nor the population report, and I wanted to make sure that he understands how it functions. If you had never used the tool, you could conceivably be confused if you were interested in, for instance, a gold bean population. Any more complaints?
You were very helpful. The other poster felt the need to make matter of fact statements without having the slightest bit of knowledge on the subject.
Latin American Collection
Yeah! I must confess! I have never even been to CAC's website!
Just another example of how clueless and or misinformed many of the CAC haters are.
I hope Laura gets to be feeling better quickly, I hate to hear of anyone feeling very ill.
As for the question of registries (I know this has already been addressed, but here's my $0.02 worth).
I prefer more inclusion of coins available in a registry rather than more exclusivity. I realize some (many?) would only want to see a registry of coins in a particular "set of qualifications", and to each his/her own. But probably something I don't think I would be very interested in.
"CAC haters"
I'm sorry for the tone of my post. I assumed it was targeted at me.
in the Hansen thread there is a discussion about a new Hansen coin that is a $20 1909 St Gaudens PCGS 66. There are 6 PCGS 66 and 1 66+. Only one 66 is stickered. A discussion is on going there about who has that grade in 66 And CAC.
if/when there is a CAC registry, what will happen to coins like this that are condition cenus alomg with half dozen other coins but only 1 or 2 are stickered. Would seem the premium on those coins will continue to grow. Look what registries have done already to top pop prices.
By the way, posted this on this thread so as not to hijack the Hansen thread on a CAC issue.
I'm not sending my (if I had one) $90,000 coin to NJ for a sticker.
My Saint Set
Would you if it turned into a $125,000 coin with a sticker?
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
On a pop 7 coin like the 1909, I can't see it moving the price any. (5 known & 2 are rumored to exist)
But yes, if it bumped it up that much AND I was going to sell it.
My Saint Set
my last post raised the issue of whether a cac registry would create an additional premium for coins like the sole 1909 Ms-66 that is a pop 1 in the CAC census.
It would depend on how much of a following the CAC only registry has. Then again, it only takes takes two to establish the price in an auction.
I hear that! The less time my coins are in the mail.....THE BETTER!!!!
If you have individual coins approaching six figures, then you probably have several other valuable coins that would benefit. It is possible (with approval from CAC) to do a walk through if you have enough coins to justify the travel or if you otherwise are close to Far Hills.
I look forward to adding my set to a future CAC registry. 115 of 116 are stickered.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
If you are going to sell by auction, just wait and the auction company will do it for you.
"Look up, old boy, and see what you get." -William Bonney.
The sticker affects value which in turn can potentially influence consignment commission rates. Once you've already consigned and the auction house has your coins, it is too late to negotiate.
It would seem that a CAC registry would need to have the blessing of JA to happen. And it occurs to me; that we now having seen first hand the impact and bifurcation of the market between beaned and non beaned coins; would having a CAC registry be another negative for non beaned coins in a way that would continue to widen the pricing spread between those coins beaned and those not. Given his recent statements about these unforeseen effects and the effects on his ability to purchase beaned coins, would a registry really be a smart business move for CAC or not.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
IF it occurs, ngc CAC coins will go up in price significantly
Not necessarily. There is nothing stopping a private entity from developing one other than cost, time, and other resources. A private party would need to charge a registration fee to make it feasible and that would necessarily turn away at least some participants. CAC has an intrinsic interest insofar as it is free advertising and may help promote its product even more. Even then, it still might not be worth it to CAC.
If it catches on, it would likely drive the price for stickered coins up even higher and increase the pricing disparity. We can debate whether that is good or bad. If his (JA's) goal is to purchase CAC coins at established bid levels, I think he would be shooting himself in the foot personally.
I agree if NGC coins are accepted. Any chance it would end up being a PCGS/CAC only registry?