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CAC Submissions
mrcommem
Posts: 1,152 ✭✭✭✭
I am new to submitting coins to CAC. I just received an e-mail from CAC with my results of the coins that I sent in. It was for 13 coins. On the submission results, 3 coins-not CAC, 9 coins passed, and 1 coin exceeded. Does anyone know what exceeded means. I presume that the coins that passed would get green stickers but does the coin that exceeded get a gold sticker? It does not say on the CAC website what exceeded means.
6
Comments
Exceeded is a gold sticker. Nice results.for your first sub. Want to share the gold sticker coin?
8 Reales Madness Collection
Very nice results....We look forward to a picture of your gold sticker coin when you receive it. Cheers, RickO
Wow, nice first submission! Congrats! From a collector-submitter standpoint, I’ve found CAC enjoyable to work with.
nice results - as others have said, excited to see these beauts 👀
Excellent! Congrats on the great results.
Lance.
Exceeded is a gold sticker. You can always put the cert number for the coin in the CAC site search section and it will tell you it is a gold sticker.
In honor of the memory of Cpl. Michael E. Thompson
Congrats!!!
Thank you for all your kind comments and information.
The coins submitted are from my Classic Silver Commemorative Set that is registered with PCGS as the Overland Trail Collection. It was one of the first sets submitted to the Registry back in 1999 before it was published on the Internet. It was the #1 set for a short period of time, so it is pedigreed. The original 50 coins were graded and crossed over to PCGS for free to get the program going. After that many of the coins were resubmitted and upgraded so I am really surprised at the results.
In all I sent 3 submission to CAC. The first was 20 coins (10 passed), the second was 20 coins (13 passed), the third was 13 coins (9 passed, one exceeded).
Total coins: 53 submitted. 32 passed, 1 exceeded---62% stickered.
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
Good job. Nice to know you have a good eye when buying. That's really the whole purpose behind CAC in my opinion. Looking forward to seeing a few posted.
I think you did really well.
Sweet! Looking forward to some images!
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore...
congratulations. very nice set !!!
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
Congrats on your submissions!
Here is a link to the digital album
https://www.pcgs.com/setregistry/mysetregistry/album/17
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
62% stickered is not good.
I’d say it’s far above average for most submitters.
Linky no worky.
this might be link - I am having a difficult time getting to the showcases, does anyone know of easy way to find them?
https://pcgs.com/setregistry/u-s-coins/commemoratives/silver-commemoratives-50-piece-type-set-circulation-strikes-1892-1954/album/17
It's way above average for this submitter, I can tell you that....
I disagree. I think those are decent results. What is your success rate on CAC submissions?
It doesn’t really matter what his percentage is. A 62% rate is better than the overall slicker rate. At the same time, that’s far better than what some submitters achieve and much worse than others. Another consideration is that generally speaking, the more generic/lower grade/lower value coins probably tend to have better success rates.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My first time through with 12 coins came back with 10 Green and 2 Gold. People said I was lucky. I told them that I don't buy coins unless they are solid for the grade and don't have spots or unattractive toning. Not luck.
The tough green and gold stickers to get are the real 'money' grades that jump a lot in the Greysheet on gem and above gold coins; on the gold sticker on AU58 coins or other grades where the gold sticker would indicated a substantial grade jump are hard to get. Impressive gold stickers would be on recently graded PCGS and NGC coins. It is not hard for them to call an early generation PCGS or NGC coin significantly undergraded.
While true, there are also a good number of early generation coins with problems (such as putty, PVC or silent net grading due to cleaning) or which were loosely graded. Yet, many collectors and dealers tend to look at coins in older holders with rose-colored glasses.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I'd say that the problem early holder coins are the ones that were not cracked out due to perceived problems. I've had several $20 Liberties in old holders that when conserved regraded or even upgraded. Smart collectors steer clear of problem coins, I have been naive taking chances that sometimes work out. And some coins need to be cracked out and re-submitted for grading. A couple examples in the $20 Lib. coins 20 or so years ago: An 1861-O in VF35 that upgraded to XF40, the coin would not have gotten a cac sticker in either case because it had a scratch deemed market acceptable. The other an O mint $20 that upgraded from AU50 to 58; those types of upgrades are few and far between now. And of course cac does a lot of gold stickers on coins with relatively small money jumps.
While problem coins can certainly exist in any generation holder, and are likely to still be present in the older holders, every single fatty, OGH, and rattler I have (and personally selected) either came with a bean or got a bean when submitted..... So there must be 'some' older holder coins that are pretty good. As with any coin, one must evaluate and be selective. OP has a great eye as his bean rate shows.
Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
The trend I am seeing on the 50 or so commemoratives I sent to CAC is that there is very little difference that a lower graded coin being stickered more likely than a higher grade coin. The set I sent in had coins graded MS65 or over with a MS64+ Lafayette, a MS64+ Sesqui, and an MS64+ Albany and a 1920 Pilgrim and a Missouri in MS64 the only exceptions. The breakdown:
MS 64 2 submitted/ 1 stickered
MS 64+ --3 submitted/ 3 stickered
MS 65 --28 submitted/ 16 stickered ( 1 gold)
MS 65+ 1 submitted/ 1 stickered
MS66 -- 17 submitted/ 11 stickered
MS67 -- 3 submitted/ 3 stickered
It seems to me that MS 64's do very well as MS67'S. A lot of rejections seem to occur in MS65 and MS66. The keys that stickered, the Lafayette MS64+, Monroe MS65, and Hawaiian MS65. The Hudson, MS65 , the Spanish Trail MS65, the Missouri MS65 and MS64, Sesqui MS65 and MS64+, and Panama Pacific did not sticker. The only gold sticker was an MS65 1950 BTW.
The only conclusion I can make, excepting MS68 and above, is that higher priced, rarer coins are less likely to be stickered and that the grade is less important. Scratches, tics, or spots are treated harshly.
Overland Trail Collection Showcase
Dahlonega Type Set-2008 PCGS Best Exhibited Set
The line on CAC is that over $1k, it becomes much harder to get a sticker.
I've sent in over 1,000 coins, mostly under that, but plenty over.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Maybe higher graded coins are not reviewed more harshly but there is simply more agreement on lower graded coins. There could be a few reasons for this. Maybe it is easier to grade lower coins. Lower graded coins may not be submitted over and over for possible upgrade and therefore sticker at a higher rate.
I think 62% is pretty damn good. My "success" rate is at 46% so far with only one Gold sticker.
Most of my coins didn't fail the grade as much as the (as John would tell me) "cleaned....long ago" standard CAC seems to have for circulated Bust material.
jom
Trade dollar set: 18/18
Seated dollar set: 47/48
Both were formed prior to CAC being established. The early dollar set required more compromises vs JA’s pet peeve of friction. It was something like 11/14 but isn’t apples to oranges because for the most part I bought them with or without the sticker already.
Just looked at the album link.
I especially like the Maine, Sesqui, Monroe, and Lafayette.
Your sets went through fine tuning before you were finally satisfied? Your early purchases were part of your learning curve as I recall. We all went through that. We never stop learning. Even JA never stops learning either.
There are a heck of a lot of CAC coins with unattractive toning, IMO.
CAC qualifies the coin and you make the final decision as to whether it's a "keeper!"
To determine how easy it is to get a CAC, look at the existing CAC populations compared to the PCGS and NGC populations. Walking Liberty half dollars are extremely tough in MS64. I submitted nine early dates and seven stickered. Of the two that did not sticker, one was a + and the other was cracked out to a plus and then stickered! An additional two that did not sticker were 1947 MS66s.