CMQ label?
cinque1543
Posts: 227 ✭✭✭
I was glancing through the list of dealers who will be at the World's Fair of Money show next week. One of them is named Collectible Market Qualified. It looks like they sticker coins with a CMQ label, much like CAC does. But I'm not familiar with CMQ. Are they commonly known in numismatics?
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Yes. Did you not even attempt a search of the forum for CMQ?
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Yes, I did, and I know the label was started in 2023. I guess what I really was asking is whether they are widely recognized in numismatic circles. On the sites I visit (eg, Mike's Coin Chest, David Lawrence) there is no mention of CMQ coins and no search ability for CMQ coins. So I am wondering whether the numismatic community has embraced CMQ labelling.
Stack's Bowers certainly has. The WFOM is a trade show. They are going to promote their service. Beauty is in the eye of the beholder. YMMV. Etc.
Now you are familiar with them, whereas you were not 40 minutes ago. Their efforts are already paying dividends.
It took many tries and many years before the numismatic community recognized and embraced TPG's, even today some collectors shun TPG's. Same is true when CAC got started, CMQ is still relatively new and we may not know its fate for a few years yet. However, I think at this point the market is not paying premiums because of a CMQ sticker, just as the market as a whole doesn't treat any of the other sticker companies the way CAC is treated.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
They are (almost literally) the Hallmark slab of stickering services. Legitimate, but ultimately no one cares and I'm sure they will quietly disappear since probably 95% of their business is in-house.
I remember reading that the Great Collection Auction houses will remove CMQ stickers from slabs they auction.
They leave the CAC sticker alone though.
It's all about what the people want...
Interesting. I read that both CAC and CMQ were started by industry stalwarts, but I guess CAC was somehow better at taking ownership of the stickering space.
It's more complicated than that. There are numerous threads on both available on this forum.
CAC started by stickering for collectors. CMQ was essentially created by an auction house to sticker their own material (although they do take submissions).
The information is on this forum if you want to dig it up.
I think their sticker is a little too large.
https://cmq.stacksbowers.com/about-us.php
https://cmq.stacksbowers.com/faqs.php
I'd be interested to send a few coins and see how they do.
Collector, occasional seller
I believe that was a one-time occurrence and is not standard protocol.
The stickers were quickly reduced in size. Here is an auction photo for reference to the current size.
"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.
BHNC #AN-10
JRCS #1606
Here is a recent thread on the subject started by @POCKETCHANGE.
And, here is the post where @ianrussell states that GC is going to start asking the consignor before removing any more stickers.
I don't blame GC for removing them. It's essentially a competitor.
Holy smokes what a coin.
Last year, as an experiment/trial run, I sent CMQ a batch of 8 coins, all PCGS. I've mentioned some of this before - but anyway...
6 of them had a CAC sticker attached (one of them being a gold bean), and the other two no bean attached.
All 6 CAC beaned coins came back with a CMQ sticker (including the gold), yet no CMQ for the non CAC coins.
The interesting part of this experiment was that the two non stickered coins had been CAC stickered previously - but had been reholdered & crossed(see pic), and not yet re-stickered/submitted to CAC.
I have a lot of respect for the two Numismatic Powerhouses that head CMQ, and I like the purpose & look of the product.
I'm not accusing CMQ of being a copycat of sorts, but it almost seems like they didn't look at the coins - just the CAC sticker? I'm probably wrong, and I'll leave it there.
I have no problem with sending CMQ some more coins in the future.
If I've bought a coin with a CMQ sticker, I would remove it since it has no credibility with me nor do I believe it adds any value to the coin when it comes time to sell in my opinion. Not so with a CAC bean, of course.
"Got a flaming heart, can't get my fill"
Arguable these threads should be merged. The full thread on this topic is here: https://forums.collectors.com/discussion/1095329/stack-s-bowers-galleries-partners-with-david-hall-to-launch-collectible-market-qualified-cmq/p1
http://ProofCollection.Net
While CAC is stickering based on technical standards CMQ tends to sticker based on WOW factors CMQ may catch on especially if CAC phases out it’s stickering operations in a few years but as others have said only time will tell. While great collections does not currently recognize CMQ I find it odd to remove a sticker that might increase value on a coin. As previously stated the difference is that CMQ has an auction house partnership while CAC does not. We do post coins that have CMQ and at times have submitted a few coins to test their service and do find it to be pretty accurate for what their standards are …again looking for “w9 a” factor
GC leaves Rick Snow’s @EagleEye Photo Seal on all coins they auction, as many collectors and dealers of Flying Eagle and Indian Head Cents treasure these.
Is having a coin with both that sticker and a CAC sticker redundant? Absolutely not! JA at CAC and Rick Snow each weigh the various factors of a coin differently, so there are some coins with CAC stickers that Rick won’t sticker, and some with Eagle Eye Photo Seals that JA will not sticker. As such, having a coin with both stickers is having the best of both worlds!
Interestingly, I have heard that when nice coins are submitted to CAC stickering in NJ, they will remove all stickers from coins as they apply their CAC sticker, except for always leaving Rick’s Photo Seals on coins. That’s due to the mutual respect they have for each other!
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
I agree. I think CMQ's focus is more on what's 'market acceptable' as far as defects (cleaning marks, abrasions, other surface defects & designations) as well as accurately graded where CAC is very strict and won't tolerate things that a lot of collectors would or could easily live with.
http://ProofCollection.Net