@Weiss said:
This is bizarre and unsettling.
Removing a sticker that had been acquired by a consigner at cost and effort? By two of the most recognized numismatists in the field?
That's the equivalent of a real estate agent repainting your house without cause or permission.
**> I have yet to consign anything to GC. Get ready for me to continue not to consign anything to GC. **
Ian runs a great business and extends himself to satisfy consignors and buyers. Works hard and has pulled himself away from daily activities to address petty concerns such as this on multiple occasions. Would other auction houses reach out? Think about that. This thread is more of people with short sighted comments such as this complaining only to complain and your continuation of not consigning will not deter others from using the service. So many sad people here with nothing better in the world than to suck the joy out of others. Keep up the good work @ianrussell
Most of the comments in this thread, including mine, are extremely positive regarding Ian and GC. I believe this issue was a momentary lapse of judgement that will be remedied in an expeditious manner.
I love both buying and selling with GC and will continue to do business with them, but thought this was worth sharing in case anyone else is considering consigning CMQ-approved coins.
(left is my pre-submission photo; right is GC auction photo)
I am surprised CMQ put their sticker on the left and covered the lower part of the date. Did CAC buy the rights to the lower right of the slab label?
I agree it was a bad move by GC to remove the label. I could not find in GreatCollections Terms of Service that they remove labels they do not like. I also do not see where they accept certified coins by CACG for their auctions.
@DeplorableDan said:
If it was even possible, the CMQ sticker now has even less value to me than it did before. I’m a frequent consignor at GC, but SB not so much. Knowing that the sticker will not be marketed on GC, and probably HA too, indicates that it will never garner any real value in the marketplace.
IMO, Hall and Roberts made a mistake aligning with SB for this venture. Not that there’s anything wrong with any of the aforementioned parties, but the potential for conflict of interest has been a black cloud over the Griff since it was announced. If they had started independently, I think it would have had a better shot of gaining traction.
I agree about the conflict of interest you mention here. One could argue a similar conflict exists with the eagle eye seal as well, where the stickering service is engaged in selling stickered coins directly to the public. Despite the potential conflict of interest, eagle eye stickering is still accepted at most if not all major auction houses.
More than one poster has asked (or speculated as to) whether Heritage would remove CMQ stickers from coins that are consigned to us. I wanted to be sure that my reply would be accurate, so checked and was told the following:
“Heritage’s policy at this time is to not remove such stickers from coins consigned to us unless the current owner requests us to do so. These stickers can be seen in our online full-slab images. CAC and Eagle Eye Photo Seals are the only stickering services our cataloguers may reference in their titling and/or descriptions.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld said:
More than one poster has asked (or speculated as to) whether Heritage would remove CMQ stickers from coins that are consigned to us. I wanted to be sure that my reply would be accurate, so checked and was told the following:
“Heritage’s policy at this time is to not remove such stickers from coins consigned to us unless the current owner requests us to do so. These stickers can be seen in our online full-slab images. CAC and Eagle Eye Photo Seals are the only stickering services our cataloguers may reference in their titling and/or descriptions.”
I've noticed you leave other stickers on holders in images too. I always wondered if that was by accident or policy.
Given that you chose CMQ over CAC, or nothing, why isn't SB the natural first choice for you? After all, they are the ones actively promoting CMQ, and, if you expect to get a premium, seems to me like that would be the place to go.
GC has a different commission schedule.
So what? What would rather do, get 30% more for your coin, or pay 5% less in commission? If CMQ has any real value, it's surely more than a few points in commission, no?
Actually, with a CMQ at CG one could get both.
If you say so. My theory was that people who care about those stickers would migrate to where they are being actively offered and promoted, so you wouldn't get the premium, or as much of it, elsewhere. Let's face it -- it's not yet a CAC sticker.
Given that you chose CMQ over CAC, or nothing, why isn't SB the natural first choice for you? After all, they are the ones actively promoting CMQ, and, if you expect to get a premium, seems to me like that would be the place to go.
GC has a different commission schedule.
So what? What would rather do, get 30% more for your coin, or pay 5% less in commission? If CMQ has any real value, it's surely more than a few points in commission, no?
I don't intend to open up a can of worms...but I think it's extremely doubtful that there are very many US coins that would gain a consignor an extra 30% at SB vs GC, regardless of sticker or no. Depending on the type, value, and amount of the total consignment, I would wager the average consignor realizes more net proceeds at GC.
Agreed. I was only using the 30% as an example of what a sticker could mean. I very seriously doubt a CMQ sticker would be worth anywhere near that much.
My point was only that if you expect a premium, it would likely be maximized by the auction house offering and promoting the sticker. And that if there was a premium, and if it did not dwarf any small difference in commissions between auction houses, that it honestly would not be worth talking about.
Bottom line -- no reason to source a sticker at SB, and then run to GC to sell the coin to try to capture the premium created by the sticker.
@pointfivezero said:
I purchased this unstickered Blay Lincoln from GC and submitted it to CAC and CMQ. I guess I should choose another selling platform if and when it comes time to sell:
Tim
Yup. You went to SB for a sticker. Might as well go to them to sell. Among other reasons, if they want to support the market, they will bid strong for it.
I am surprised CMQ put their sticker on the left and covered the lower part of the date. Did CAC buy the rights to the lower right of the slab label?
I agree it was a bad move by GC to remove the label. I could not find in GreatCollections Terms of Service that they remove labels they do not like. I also do not see where they accept certified coins by CACG for their auctions.
Further, if I read the "consignment form" correctly, GC will even submit raw coins to CACG on behalf of a consignor, and then auction them (i.e., the "grade and auction program").
@JBK said:
Don't forget the new kid on the block (literally): FinnsCoin and his new United States Bullion authentication company, which also has a sticker.
I remain skeptical that a CMQ sticker adds value in the current market (where’s the data?) but respect that a consignor may want to leave it on because they value and paid for the CMQ opinion.
I do think folks need to put away the pitchforks - this is a ~$30 issue to correct and Ian already offered to do so. The angry self-righteous crowd is out in full force!
The kicker is after illegally removing your sticker they didn't even have the common curtesy to take a bit of goo gone to the remaining cmq residue. Almost as bad as a coin with the nasty. RGDS!
@blitzdude said:
The kicker is after illegally removing your sticker they didn't even have the common curtesy to take a bit of goo gone to the remaining cmq residue. Almost as bad as a coin with the nasty. RGDS!
And no, of course I'm not serious.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@Project Numismatics said:
I remain skeptical that a CMQ sticker adds value in the current market (where’s the data?) but respect that a consignor may want to leave it on because they value and paid for the CMQ opinion.
I do think folks need to put away the pitchforks - this is a ~$30 issue to correct and Ian already offered to do so. The angry self-righteous crowd is out in full force!
One can learn a lot about some of the people on this forum just by reading there posts and reply's
Some not so pretty and I've learned a lot
Thank you
Who to deal with and especially those to stay away from
Thanks Ian for addressing this matter and stepping up to rectify it, I can't think of any other auction house OWNER that would, Take a bow!
Ok, so GC has offered to make it right; send the coin back and pay to have it re-stickered. Mistakes happen and second thoughts sometimes prevail. Yes, they should have consulted the client, but they are attempting to make it right.
Let's give them a break....okey?
Just saying...
"If there are no dogs in Heaven, then when I die I want to go where they went." Will Rogers
@PerryHall said:
Why not let the bidders decide if the CMQ sticker has any value?
Where do we draw the line? Have you seen the # of stickers that are being privately added to coins in the U.S.?
Ian
This is EXACTLY how I feel about ASE’s having 120 different inserts for the same date/year/mint mark and a dealer claiming it’s a very rare coin because there’s only 1 or 2 graded……. when there’s 100’s more but with a different insert. These inserts/stickers can VERY misleading in my opinion….unless they are a CAC or other well known sticker.
@PerryHall said:
I don't get it. Can someone explain to me how a CMQ sticker hurts the value of a coin consigned to GC? If the buyer doesn't like it, he can always peel it off. Right?
If I saw an OGH with a CMQ sticker, I might wonder to myself if the CMQ sticker means that the coin did not make it at CAC. That is how the CMQ sticker could potentially hurt the value of the coin. CAC >> CMQ
GC is entitled to its opinion, but if somebody altered my item without my prior permission I would be offended just on general principles.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
To remove stickers of any kind, I have experienced great results using an overnight application of peanut butter. Then a combination of my fingernail and a microfiber cloth and glass cleaner (or eyeglass cleaner).
GC should provide some additional form of compensation for their mistake. Maybe waive seller fee or extra percent of sold amount. They should not be left off easily with just repaying the sticker fee.
Just like the coindealer who held a coin for a year and got it back did he receive any extra form of compensation?@alanski
@messydesk said:
I would think the qualifications for a sticker remaining on a slab are that the sticker has a proven track record of adding value of some sort to the buyer, and not just the entity affixing the sticker before selling the coin. As far as approval stickers goes, this narrows it down to CAC, QA, and Eagle Eye. Thankfully, my attribution sticker is also now recognized.
How can a sticker gain a proven track record if it is removed by the auction houses?
Further, I believe CAC would argue that the sticker doesn't add value as the coins worthy of CAC stickers were already worth more and they are just identifying them.
@pointfivezero said:
I purchased this unstickered Blay Lincoln from GC and submitted it to CAC and CMQ. I guess I should choose another selling platform if and when it comes time to sell:
That's not very logical. Some auction houses are better for some coins than others, some auction events have different pools of buyers, etc. Further, that's not really how these stickers work as they only represent an opinion which can be important to anyone who values that opinion and in the end can only really add value.
Yup. You went to SB for a sticker. Might as well go to them to sell. Among other reasons, if they want to support the market, they will bid strong for it.
Why would Stacks Bowers bid on coins? Are they a dealer too? AFAIK they are just looking to make the commissions, not acquire inventory. I could be wrong about that though.
@PTVETTER said:
I think the placement of the sticker may have something to do with it
Covers part of the Date!
I think it's just the angle the photo was taken at.
@PerryHall said:
I don't get it. Can someone explain to me how a CMQ sticker hurts the value of a coin consigned to GC? If the buyer doesn't like it, he can always peel it off. Right?
If I saw an OGH with a CMQ sticker, I might wonder to myself if the CMQ sticker means that the coin did not make it at CAC. That is how the CMQ sticker could potentially hurt the value of the coin. CAC >> CMQ
Maybe, it's always dangerous to assume. CMQ stickers many coins that CAC does not. There are other factors at play as well such as ease and cost of submission. It was tough to get a CAC membership for quite a while. CMQ takes great pictures for all coins submitted (CAC does not). CMQ offers Coins In Motion. CMQ is on the West coast, CAC on the East. Etc.
I can understand the decision for GC to not support CMQ with a search filter or putting it in the coin description or title, but many stickers give me a little extra confidence when buying coins I can't see in person which would possibly lead to more buyers competing and higher prices. But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.
‘’But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.’’
BINGO.
I am a big fan of Ian as well as GC! Anything I say here is always intended to be in the best interests of both of them.
This is the key IMHO! GC must avoid EVEN THE APPEARANCE of folks thinking their actions ever might result in a coin not realizing the highest possible price. Heritage has successfully achieved that goal through their intricate (and brilliant) decision to leave the sticker, but not discuss it in the body of their “write up”.
As always, just my 2 cents.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
I wonder how much they pay per coin for the non CAC stickers once All costs analyzed. Seems like a waste of money. One could get a nice slabbed MS69 silver 1oz bullion coin for around $45 or $50.
Or put the money in something else - food. Have u been watching NY Prepper (U Tube) lately?
@pointfivezero said:
I purchased this unstickered Blay Lincoln from GC and submitted it to CAC and CMQ. I guess I should choose another selling platform if and when it comes time to sell:
Tim
this holder has the potential to be a marvelous landscape of different stickers
@messydesk said:
I would think the qualifications for a sticker remaining on a slab are that the sticker has a proven track record of adding value of some sort to the buyer, and not just the entity affixing the sticker before selling the coin. As far as approval stickers goes, this narrows it down to CAC, QA, and Eagle Eye. Thankfully, my attribution sticker is also now recognized.
How can a sticker gain a proven track record if it is removed by the auction houses?
Further, I believe CAC would argue that the sticker doesn't add value as the coins worthy of CAC stickers were already worth more and they are just identifying them.
@pointfivezero said:
I purchased this unstickered Blay Lincoln from GC and submitted it to CAC and CMQ. I guess I should choose another selling platform if and when it comes time to sell:
That's not very logical. Some auction houses are better for some coins than others, some auction events have different pools of buyers, etc. Further, that's not really how these stickers work as they only represent an opinion which can be important to anyone who values that opinion and in the end can only really add value.
Yup. You went to SB for a sticker. Might as well go to them to sell. Among other reasons, if they want to support the market, they will bid strong for it.
Why would Stacks Bowers bid on coins? Are they a dealer too? AFAIK they are just looking to make the commissions, not acquire inventory. I could be wrong about that though.
@PTVETTER said:
I think the placement of the sticker may have something to do with it
Covers part of the Date!
I think it's just the angle the photo was taken at.
@PerryHall said:
I don't get it. Can someone explain to me how a CMQ sticker hurts the value of a coin consigned to GC? If the buyer doesn't like it, he can always peel it off. Right?
If I saw an OGH with a CMQ sticker, I might wonder to myself if the CMQ sticker means that the coin did not make it at CAC. That is how the CMQ sticker could potentially hurt the value of the coin. CAC >> CMQ
Maybe, it's always dangerous to assume. CMQ stickers many coins that CAC does not. There are other factors at play as well such as ease and cost of submission. It was tough to get a CAC membership for quite a while. CMQ takes great pictures for all coins submitted (CAC does not). CMQ offers Coins In Motion. CMQ is on the West coast, CAC on the East. Etc.
I can understand the decision for GC to not support CMQ with a search filter or putting it in the coin description or title, but many stickers give me a little extra confidence when buying coins I can't see in person which would possibly lead to more buyers competing and higher prices. But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.
Yes, SB is a very well known, very long time coin dealer, as well as auction house. HA also is a dealer that carries inventory. One of the things that creates value for the stickers, both for CAC and for CMQ, is the house's willingness to stand behind the opinion with a bid.
@messydesk said:
I would think the qualifications for a sticker remaining on a slab are that the sticker has a proven track record of adding value of some sort to the buyer, and not just the entity affixing the sticker before selling the coin. As far as approval stickers goes, this narrows it down to CAC, QA, and Eagle Eye. Thankfully, my attribution sticker is also now recognized.
How can a sticker gain a proven track record if it is removed by the auction houses?
Further, I believe CAC would argue that the sticker doesn't add value as the coins worthy of CAC stickers were already worth more and they are just identifying them.
@pointfivezero said:
I purchased this unstickered Blay Lincoln from GC and submitted it to CAC and CMQ. I guess I should choose another selling platform if and when it comes time to sell:
That's not very logical. Some auction houses are better for some coins than others, some auction events have different pools of buyers, etc. Further, that's not really how these stickers work as they only represent an opinion which can be important to anyone who values that opinion and in the end can only really add value.
Yup. You went to SB for a sticker. Might as well go to them to sell. Among other reasons, if they want to support the market, they will bid strong for it.
Why would Stacks Bowers bid on coins? Are they a dealer too? AFAIK they are just looking to make the commissions, not acquire inventory. I could be wrong about that though.
@PTVETTER said:
I think the placement of the sticker may have something to do with it
Covers part of the Date!
I think it's just the angle the photo was taken at.
@PerryHall said:
I don't get it. Can someone explain to me how a CMQ sticker hurts the value of a coin consigned to GC? If the buyer doesn't like it, he can always peel it off. Right?
If I saw an OGH with a CMQ sticker, I might wonder to myself if the CMQ sticker means that the coin did not make it at CAC. That is how the CMQ sticker could potentially hurt the value of the coin. CAC >> CMQ
Maybe, it's always dangerous to assume. CMQ stickers many coins that CAC does not. There are other factors at play as well such as ease and cost of submission. It was tough to get a CAC membership for quite a while. CMQ takes great pictures for all coins submitted (CAC does not). CMQ offers Coins In Motion. CMQ is on the West coast, CAC on the East. Etc.
I can understand the decision for GC to not support CMQ with a search filter or putting it in the coin description or title, but many stickers give me a little extra confidence when buying coins I can't see in person which would possibly lead to more buyers competing and higher prices. But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.
Yes, SB is a very well known, very long time coin dealer, as well as auction house. HA also is a dealer that carries inventory. One of the things that creates value for the stickers, both for CAC and for CMQ, is the house's willingness to stand behind the opinion with a bid.
OK, but dealers generally pay wholesale so I wouldn't put too much expectation into "strong bids" from a dealer regardless of stickers and I would expect SB to not participate in their own auctions as a matter of integrity.
@alaura22 said:
One can learn a lot about some of the people on this forum just by reading there posts and reply's
Some not so pretty and I've learned a lot
Thank you
Who to deal with and especially those to stay away from
Thanks Ian for addressing this matter and stepping up to rectify it, I can't think of any other auction house OWNER that would, Take a bow!
@messydesk said:
I would think the qualifications for a sticker remaining on a slab are that the sticker has a proven track record of adding value of some sort to the buyer, and not just the entity affixing the sticker before selling the coin. As far as approval stickers goes, this narrows it down to CAC, QA, and Eagle Eye. Thankfully, my attribution sticker is also now recognized.
How can a sticker gain a proven track record if it is removed by the auction houses?
There are other auctions and there are other ways of buying and selling coins. It took a while for CAC to become well-established, but eventually even our hosts saw the need for them in their registry. I imagine CMQ will get there. One disadvantage CMQ has is starting up among a sea of meaningless seller-affixed copycat stickers. CAC didn't have this situation, although they arguably created it due to their success.
Further, I believe CAC would argue that the sticker doesn't add value as the coins worthy of CAC stickers were already worth more and they are just identifying them.
The same argument could be applied to raw coins not needing to be certified. Technically they aren't worth more because they're certified since the coin itself did not change one iota. The certification is just adding value for the buyer such that they'll pay what they're worth.
Comments
Most of the comments in this thread, including mine, are extremely positive regarding Ian and GC. I believe this issue was a momentary lapse of judgement that will be remedied in an expeditious manner.
Tim
I am surprised CMQ put their sticker on the left and covered the lower part of the date. Did CAC buy the rights to the lower right of the slab label?
I agree it was a bad move by GC to remove the label. I could not find in GreatCollections Terms of Service that they remove labels they do not like. I also do not see where they accept certified coins by CACG for their auctions.
Very uncool move to scrape that sticker off. Especially when customer service is so important. Can't undo that one. Peace Roy
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Life will go on and the sun will rise tomorrow. Profundity for today.
I agree about the conflict of interest you mention here. One could argue a similar conflict exists with the eagle eye seal as well, where the stickering service is engaged in selling stickered coins directly to the public. Despite the potential conflict of interest, eagle eye stickering is still accepted at most if not all major auction houses.
More than one poster has asked (or speculated as to) whether Heritage would remove CMQ stickers from coins that are consigned to us. I wanted to be sure that my reply would be accurate, so checked and was told the following:
“Heritage’s policy at this time is to not remove such stickers from coins consigned to us unless the current owner requests us to do so. These stickers can be seen in our online full-slab images. CAC and Eagle Eye Photo Seals are the only stickering services our cataloguers may reference in their titling and/or descriptions.”
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I've noticed you leave other stickers on holders in images too. I always wondered if that was by accident or policy.
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
If you say so. My theory was that people who care about those stickers would migrate to where they are being actively offered and promoted, so you wouldn't get the premium, or as much of it, elsewhere. Let's face it -- it's not yet a CAC sticker.
Agreed. I was only using the 30% as an example of what a sticker could mean. I very seriously doubt a CMQ sticker would be worth anywhere near that much.
My point was only that if you expect a premium, it would likely be maximized by the auction house offering and promoting the sticker. And that if there was a premium, and if it did not dwarf any small difference in commissions between auction houses, that it honestly would not be worth talking about.
Bottom line -- no reason to source a sticker at SB, and then run to GC to sell the coin to try to capture the premium created by the sticker.
Yup. You went to SB for a sticker. Might as well go to them to sell. Among other reasons, if they want to support the market, they will bid strong for it.
Many are waiting enthusiastically!
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Not in the T&C, which just currently lists PCGS, NGC and ANACS. See section #2 @ https://www.greatcollections.com/terms
CACG is, however, listed as one of the "certified coin" options on the GC "consignment form".
Source: https://www.greatcollections.com/forms/coins.pdf
Further, if I read the "consignment form" correctly, GC will even submit raw coins to CACG on behalf of a consignor, and then auction them (i.e., the "grade and auction program").
Don't forget the new kid on the block (literally): FinnsCoin and his new United States Bullion authentication company, which also has a sticker.
Only if they had a world class grading team. I doubt anyone cares if an auction house just slaps a sticker on a coin.
Disappointing to see they did this. Didn't expect this from GC.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
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Don't you mean the new blocked kid?
My takeaway from all of this:
If you ARE going to remove the sticker please also take a moment to remove the sticky residue.
Thank you.
peacockcoins
.
I think the placement of the sticker may have something to do with it
Covers part of the Date!
It was a joke!!! He'd never actually slap his own sticker on a slab while simultaneously justifying scraping someone else's sticker off. 🤣
Yeah, you can. Ian offered to pay for it to be resubmitted and then return it to the submitter.
Chill dude.
ANA 50 year/Life Member (now "Emeritus")
I would demand they send it in to be restickered, at their expense; it is not their coin and have no right to tamper with it.
I wasn't responding to Ian, I was responding to the person responding to him.
Great! Ian already offered to do that 100 posts ago.
I remain skeptical that a CMQ sticker adds value in the current market (where’s the data?) but respect that a consignor may want to leave it on because they value and paid for the CMQ opinion.
I do think folks need to put away the pitchforks - this is a ~$30 issue to correct and Ian already offered to do so. The angry self-righteous crowd is out in full force!
The kicker is after illegally removing your sticker they didn't even have the common curtesy to take a bit of goo gone to the remaining cmq residue. Almost as bad as a coin with the nasty. RGDS!
The whole worlds off its rocker, buy Gold™.
And no, of course I'm not serious.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Additionally, Ian committed to changing the policy regarding removing 'labels/stickers' that GC does not currently "recognize".
So, this should not happen to anyone else going forward.
One can learn a lot about some of the people on this forum just by reading there posts and reply's
Some not so pretty and I've learned a lot
Thank you
Who to deal with and especially those to stay away from
Thanks Ian for addressing this matter and stepping up to rectify it, I can't think of any other auction house OWNER that would, Take a bow!
Mike
My Indians
Danco Set
Ok, so GC has offered to make it right; send the coin back and pay to have it re-stickered. Mistakes happen and second thoughts sometimes prevail. Yes, they should have consulted the client, but they are attempting to make it right.
Let's give them a break....okey?
Just saying...
This is EXACTLY how I feel about ASE’s having 120 different inserts for the same date/year/mint mark and a dealer claiming it’s a very rare coin because there’s only 1 or 2 graded……. when there’s 100’s more but with a different insert. These inserts/stickers can VERY misleading in my opinion….unless they are a CAC or other well known sticker.
Now I spend nada on sticker material bc CACG only ones I have a few of.
GC is my auction house of choice and they do a great job.
Sarcasm is such a beautiful thing. 😆
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
If I saw an OGH with a CMQ sticker, I might wonder to myself if the CMQ sticker means that the coin did not make it at CAC. That is how the CMQ sticker could potentially hurt the value of the coin. CAC >> CMQ
In my opinion the auction house shouldn't be Altering your coin submissions... period.
GC is entitled to its opinion, but if somebody altered my item without my prior permission I would be offended just on general principles.
Thats pretty annoying.
Jbknifeandcoin.com
IG: jb_rarities
To remove stickers of any kind, I have experienced great results using an overnight application of peanut butter. Then a combination of my fingernail and a microfiber cloth and glass cleaner (or eyeglass cleaner).
Matt Snebold
GC should provide some additional form of compensation for their mistake. Maybe waive seller fee or extra percent of sold amount. They should not be left off easily with just repaying the sticker fee.
Just like the coindealer who held a coin for a year and got it back did he receive any extra form of compensation?@alanski
How can a sticker gain a proven track record if it is removed by the auction houses?
Further, I believe CAC would argue that the sticker doesn't add value as the coins worthy of CAC stickers were already worth more and they are just identifying them.
That's not very logical. Some auction houses are better for some coins than others, some auction events have different pools of buyers, etc. Further, that's not really how these stickers work as they only represent an opinion which can be important to anyone who values that opinion and in the end can only really add value.
Why would Stacks Bowers bid on coins? Are they a dealer too? AFAIK they are just looking to make the commissions, not acquire inventory. I could be wrong about that though.
I think it's just the angle the photo was taken at.
Maybe, it's always dangerous to assume. CMQ stickers many coins that CAC does not. There are other factors at play as well such as ease and cost of submission. It was tough to get a CAC membership for quite a while. CMQ takes great pictures for all coins submitted (CAC does not). CMQ offers Coins In Motion. CMQ is on the West coast, CAC on the East. Etc.
I can understand the decision for GC to not support CMQ with a search filter or putting it in the coin description or title, but many stickers give me a little extra confidence when buying coins I can't see in person which would possibly lead to more buyers competing and higher prices. But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.
‘’But bottom line: I would not want to submit my coins to an auction house that is going to work against my coins realizing the highest possible value.’’
BINGO.
I am a big fan of Ian as well as GC! Anything I say here is always intended to be in the best interests of both of them.
This is the key IMHO! GC must avoid EVEN THE APPEARANCE of folks thinking their actions ever might result in a coin not realizing the highest possible price. Heritage has successfully achieved that goal through their intricate (and brilliant) decision to leave the sticker, but not discuss it in the body of their “write up”.
As always, just my 2 cents.
Wondercoin
I wonder how much they pay per coin for the non CAC stickers once All costs analyzed. Seems like a waste of money. One could get a nice slabbed MS69 silver 1oz bullion coin for around $45 or $50.
Or put the money in something else - food. Have u been watching NY Prepper (U Tube) lately?
this holder has the potential to be a marvelous landscape of different stickers
I love everything about CAC.
Remarkable founders, managing the tough choices of overwhelming growth without selling out their brand.
The more I learn about CMQ the better I like them.
Competition is good.
GC is another great resource for the industry and should welcome this feedback on a minor, but important issue.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Yes, SB is a very well known, very long time coin dealer, as well as auction house. HA also is a dealer that carries inventory. One of the things that creates value for the stickers, both for CAC and for CMQ, is the house's willingness to stand behind the opinion with a bid.
These are collected because of the holder. The stickers ruin that. Same for rattlers.
OK, but dealers generally pay wholesale so I wouldn't put too much expectation into "strong bids" from a dealer regardless of stickers and I would expect SB to not participate in their own auctions as a matter of integrity.
Once you own it you can always take them off if you don't like them, yes?
RIP Mom- 1932-2012
This. The voice of reason.
There are other auctions and there are other ways of buying and selling coins. It took a while for CAC to become well-established, but eventually even our hosts saw the need for them in their registry. I imagine CMQ will get there. One disadvantage CMQ has is starting up among a sea of meaningless seller-affixed copycat stickers. CAC didn't have this situation, although they arguably created it due to their success.
The same argument could be applied to raw coins not needing to be certified. Technically they aren't worth more because they're certified since the coin itself did not change one iota. The certification is just adding value for the buyer such that they'll pay what they're worth.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars