CACG to PCGS crossover…..what are your experiences?
drddm
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Sorry if this topic has been discussed before, but I was just curious what are people’s experiences, if any, with crossing coins from CACG to PCGS?
Dave
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What would the advantage be of spending a grading fee plus an additional 1% of its value for another opinion of its grade and a different looking slab?
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Perhaps he wants to put it in his PCGS registry.
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To have it match the rest of your collection and be able to add it to pcgs registry.
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I've crossed 32 coins so far, all were CACG AU-58.
Every coin came back from PCGS at least MS-66.
Cmon....
Do you have any pictures?
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Why waste the money going from the premier slab to something else> @PaulSack said:
Sounds believable.
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Thanks to all that responded, but is there anyone with any actual experiences with such a crossover?
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Hey Dave! Do you have any particular concern in mind?
I have not heard of anyone crossing many coins from CACG to PCGS yet. I suppose it is just too early in the game to get a consistent expectation of results.
But regardless of labels and stickers, of course it depends on the coin. If the coin in a CACG holder looks like it would cross to PCGS, it'll probably cross to PCGS.
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I’d be very interested to know results of crossing CACG to PCGS and then sending to CAC for stickering. I’ve seen several CACG coins that I would not have expected to sticker at CAC based on lack of eye appeal. I have seen coins with proper technical grades come back with comments that they didn’t sticker because “too dark”, so eye appeal is clearly a factor.
I could see a good reason for crossing a CACG coin to PCGS in hopes of getting it stickered as my sense is that the market still values PCGS CAC more than CACG in general.
To clarify, I’m especially interested kn the results of non-legacy crossovers.
I believe I read that JA said he has backed off darker coins that he earlier passed because the technical grade was solid. So we may see some inconsistency between legacy and non-legacy coins, etc.
I have a sample size of one, sort of, as it was crack out vs a pure cross. I purchased a 1919 SLQ as CACG 64, sent it to PCGS so I could add it to my registry set. PCGS gave it a 65.
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Which photo is closer to the actual appearance, the cheek in particular? Nice upgrade. I suspect upgrades are the motive in many cases, in addition to registry considerations. The registry is quite the motivator considering the financial and other risks.
Interesting. Thanks for sharing this “crossover”. Do you have plans of trying to get a CAC sticker on it now as a PCGS 65?
Dave
No specific concerns at this time @jacrispies. Was just curious about this type of crossover and how PCGS views CACG coins, but of course each coin is different and obviously the results are solely dependent on the coin itself.
Dave
Too answer the two questions"
The CACG image is closer. The head and check sharpness are much better on the CACG image, and the TV suffers as all TVs do of having that yellowish tint. In hand the non-toned areas are pretty brilliant, with the CACG images reflects much better.
I do not have intentions of getting the coin stickered as I see it residing in my personal set for years to come.
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This might revive the cottage industry that started with the initial slabbing of raw coins in the 1980s.... the guys with sharp eyes picking out the CACG coins that will likely upgrade at PCGS
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Even if an upgrade lowers the value?
The real issue isn't the number, it's the market value. It's a losing proposition if you pay to go from 64 to 65 and a CAC64 sells for the same as a PCGS 65.
I think it is too soon to tell.
I have not seen CACG consistently bring that level of premium. Maybe at times a small premium, but nowhere close to a full level higher on a consistent basis.
I believe there is huge opportunity to cherrypick undergraded coins as there already is for the older existing services.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
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JRCS #1606
Fairly, this has been happening now for some time. IYKYK.
Maybe but a CAC coin sells for not than a non CAC coin so back full circle.
I have about a dozen or so CACG (pick out nice ones) but would not spend money trying to upgrade somewhere else. I see them simply as a seperate inventory class based on CDN bid for CAC. I had more but retailed some at a recent show doing good. My angle simply pick up nice stuff below bid - auction or my table off bourse. Then retail it. I like outcomes where I have control and can use my experience / skill set select nice coins.
Show me a report where somebody did cross higher somewhere else and made money after grading and shipping costs lol. I was looking at a CACG 69 ASE but upon very close examination no don’t believe would upgrade somewhere else.