How about a “Share your CAC Stickering results page” ?
2windy2fish
Posts: 915 ✭✭✭✭✭
I think this might be educational as well as entertaining.
Maybe we can try to use group photos as opposed to many individual pictures?
I am happy to answer any questions about the coins i send, some i believe ahead of time are a lock others i will absolutely take a chance on …for instance, the rattler large cent i felt it’s chances were slim but if it stickers then it’s a real win. Also, how much i’m into the coin weighs heavily in deciding if i should submit or not.
I have submitted roughly 200 or so coins and my success level is a bit over 50%, i believe that’s about average for all submitters…
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Comments
I have not sent in any since the new fees came along. I am gathering three for submission. Two new, to me, and one re-cac after variety attribution.
I would need to revisit my previous submissions for a success rate percentage.
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, Nickpatton, Namvet69,...
Nice coins, most of my subs are in groups of 20 which would be hard to do in one pic. And most are at the lockbox so I don't have immediate access to them to post anyway. I've submitted over 300 in total but never crunched the numbers to see the overall avg. Some subs I did very well on, some not so much. I've had some I also thought were a lock fail and some that went gold which surprised me. But overall, I've learned a lot from the coins I submitted.
One question, why the two 81-S Morgans? I'm guessing you were hoping for gold beans, not much upside value wise in those grades for only a green bean.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
......and I still think the stickering thing is a complete waste of time and money.
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Your hobby is supposed to be your therapy, not the reason you need it.
@coinbuf Thanks for your input. I don’t know if this thread will gain any traction or not we shall see.
Yes, my 16 coin photo is not ideal but i feel like 16 individual pics would result in folks not wanting to scroll through so many photos…..perhaps groups of 8?
The 81 S rattler is a mystery to me, it looks like a 63 so yes i was hoping for a gold bean..
The other OGH is collectible of course and will sell for a premium
It’s a waste of time and money if you’re submitting coins like the above but not for a lot of other coins.
<<< It’s a waste of time and money if you’re submitting coins like the above but not for a lot of other coins.>>>
I sold that 82-S I submitted that went gold for 5X what I paid, and more recently it sold for around $700.00 I believe in a Heritage auction.
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Your hobby is supposed to be your therapy, not the reason you need it.
Here’s another “waste of time and money” that I love! 😉
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It's great if someone else has already done the work for you.
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What do you feel are the major reasons for your fails?
@DisneyFan Being too optimistic about the technical aspects of the coins.
But ill reiterate that i will take a chance on a coin because if it does sticker then i have a much more marketable and profitable coin.
It should perhaps be noted that my main motivation is to sell coins, although i do have a personal collection as well.
This set got the nod, making it the finest original set for the era.
I just buy CACG. Sold out my sticker stuff sometime ago.
I have never sent in a submission but have a few coins that I want to do.
Ditto,
however one must be 'privileged' in order to send them in, unfortunately.
You dont see alot of trade dollars that CAC.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
I'd love to see a thread of coins that failed to sticker, with thoughts from the grading gurus here opining on JA's reason for denying a sticker. I'm mystified by cac's rejection of a lot of early type coins that appear to be unmolested
Commems and Early Type
I don’t think a lot of folks want to post their CAC failures especially if they plan on selling the coins.
Slightly OT . . .
I find the confessions/revelations/braggadocio of those discussing their percentages to be very interesting. I know from results I see from superb numismatists who use full transparency that several of the numbers being bandied about concerning 'success rate' at CAC are highly overblown to seemingly inflate the egos of some.
If you are a skilled collector with knowledge of grading and surfaces, working within your lane (US, Type, Modern, whatever) and you have a TRUE success rate (within the last 5 years or so) of over 35% . . . you are doing quite well.
Drunner
Currently CAC encourages collectors to to work with their authorized dealers. If a dealer is not within a reasonable distance, it might be worthwhile to contact CAC explaining the situation,
Interesting post!
Surprised at the number of rattlers that didn’t sticker; but I realize this is only 16 coins of ~200 submitted by the OP, so maybe the success rate was higher for these overall?
I’ve never submitted to CAC and don’t have an account. Kicked myself more than a few times for turning down an offer to review my registry set for free when the program was in its infancy.
@Walkerguy21D I have submitted a fair number of rattlers along the way and have not noted any tendency toward a higher percentage of them stickering over other holders. As a matter of fact i find myself being somewhat more critical of them because they often have PVC issues…
Thanks for the additional insight, @2windy2fish .
I agree; HOWEVER, one doesn't need to post the slab. Pictures of the coins themselves and the reason for failure could be educational.
That's a good point. A dealer's or auction house's business model is to quickly turnover the inventory as it is. It's the collector who is more motivated to know why certain coins have failed.
@skier07 I a buyer asks me if a coin i have for sale has been to CAC i will answer them truthfully…
Also should be noted that there are lots of stories about coins that stickered after more than one attempt.
Question.....
When you purchase a CAC stickered coin (green or gold) do you verify the coin did sticker on the CAC website?
I know of first hand examples where a CAC sticker had been removed and reapplied to another coin.
I also wonder about fake CAC stickers.
So, back to the original question...do you verify or just trust?
Most of the time I verify but I sometimes do forget.
I don’t want to get into the why but I have peeled off a CAC sticker once and it would be extremely difficult to apply it on another slab so that it would look legitimate.
So, a first-hand example, you have seen a slab with an altered or added CAC sticker yourself? Also, did the slab with altered or added CAC sticker appear legitimate? That is, would it fool anyone?
In honor of the memory of Cpl. Michael E. Thompson
I realize this isn't exactly what you were writing about, but here are the results from my first CAC submission. It is a thread I wrote about two years ago.
https://forums.collectors.com/discussion/1100545/results-of-my-first-submission-to-cac-and-images-analysis
In honor of the memory of Cpl. Michael E. Thompson
Perhaps @tonedcoinlover is thinking of the TRUE example that happened to me a year or two ago or so, and I posted the details on this forum:
I bought a PCGS graded Lincoln Wheat Cent on auction from Heritage. It was CAC stickered. I went to add it to one of my Registries (I seem to recall it was MyCollect), and the coin did not show as CAC stickered. I then looked it up on the CAC Verification tool, and it did NOT show as stickered!
I then called CAC in NJ, to let them know that this CAC stickered coin apparently fell through their cracks, and erroneously is not showing as stickered in their Verification tool (lol).
JA called me, and had me send the coin to him in NJ. Once he had it, he was able to immediately see that while the sticker was legitimate, it was “carefully” taken off of another slab, and “adhered” to this slab. No doubt at all! But it did fool me, and Heritage as well. However, not knowing it was a phony, we apparently didn’t look close.
I let JA know I bought this “CAC stickered” coin from Heritage, and he spoke with Heritage, shared his expert opinion, and sent the coin with the sticker to Heritage. After a period of time, Heritage reimbursed me in full for my purchase.
I was never told if Heritage determined if the consignor was the bad guy, or if the consignor bought it with that sticker.
So now, silly me, I rarely follow my own advice and take the time to check the CAC Verification tool before I purchase each coin. But I should take the time to check.
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
@tonedcoinlover said:
Question.....
When you purchase a CAC stickered coin (green or gold) do you verify the coin did sticker on the CAC website?
I know of first hand examples where a CAC sticker had been removed and reapplied to another coin.
I also wonder about fake CAC stickers.
So, back to the original question...do you verify or just trust?
So, a first-hand example, you have seen a slab with an altered or added CAC sticker yourself? Also, did the slab with altered or added CAC sticker appear legitimate? That is, would it fool anyone?
Tom
The answer is YES! And YES!
The sticker looked just fine and I was only made aware of the issue when I received a call from JA that a potential customer wanted to buy the coin BUT did the cert verification and found out that it was not correct.
Since we have counterfeit PCGS slabs it is not a stretch too far to think and be concerned about this also.
Holy Cow to both @winesteven and @tonedcoinlover for sharing those stories. I guess it really reinforces the need to check the cert number on the CAC website when purchasing a coin. Thank you both for the information.
In honor of the memory of Cpl. Michael E. Thompson
I thought when you try to peel off a CAC sticker it gets destroyed.
Apparently, not always. Separately, i believe the technology of manufacturing the stickers for CAC has probably changed over the past 18 years, so some of those sticker versions may make removal more difficult that other versions.
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
@winesteven That is interesting, I guess I will have to be more careful when buying these now.
No it doesn’t. When I peeled the sticker off it was still was intact but there was no remaining adhesive material and the sticker was a lot thinner. I suppose if someone was up to no good the sticker could be reapplied and it could fool someone.
I have 4 out at the moment and expect the results any day now. Ill post them when I get them back
When there is an "opportunity" to make money creativity will happen.
I assume (perhaps incorrectly) that the majority of CAC coin buyers NEVER verify the cert number on the CAC website. IF this is the case it follows along with why we have fake PCGS slabs. I would believe the difficulty factor for sticker removal is far lower that creating a fake PCGS slab. We have been "educated" to look for the green or gold sticker BUT not to verify the cert number.
I see the logical solution to be CAC doing away with the stickering and only certifying coins into their holders. I think the train is on the tracks.
Thoughts?
While JA is still working, that will probably not happen. But once his 10 year contract is over, that might indeed be the case. As we saw, CAC stickering raised their submission fees considerably, making them very close to the cost of their grading. This was clearly to incentivize people to have CACG grade coins (or cross coins), instead of submitting for stickering.
If your point were to happen (CAC stickering closes, and only CACG continues), I truly believe that the current pricing differential between coins that merit CAC stickers versus coins without stickers, will grow much wider, especially with PCGS slabbed coins with CAC stickers! (Growing demand with a frozen supply).
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
Couple years ago, i saw a half cent at show that did not show up in data base, called ,and found out that sticker was removed from another slab and added to this one. I posted that on here some years back and was told I was full of crap because sticker's were not removeable. Not the case in some cases i see
I don't consider myself an expert grader in any one series, but have had pretty good luck. I'd say I'm 50% on average.
I have sent in a total of maybe 20 coins through a friend with an account.
Here was my best 4 coin sub.
This was a nice surprise too... I wasn't even confident it would get a green bean but I was hopeful.
Sometimes you find a coin that is a no brainer... This one now has a green bean, I thought it had a good chance at gold.
Click on this link to see my ebay listings.
My first and only (so far) submission was August of this year.
I submitted seven (7) capped bust half dollars, two (2) of them passed, so 28%.
I learned from my results, so I feel it was educational for me and add some value to the coins that passed.
Sugar magnolia blossoms blooming, heads all empty and I don't care ...
As far as Cac material I just buy CACG coins lately. Sold out my stickered coins awhile back (online and shows) and decided replace them with CACG. I am planning to buy some stickered CAC via auction if good deal.
The horror story above about sticker peeled off placed elsewhere scary however.
Any CAC or CACG I buy do a certificate lookup. I concentrate on hunting low pop CACG CC material. CACG submission on drawing board.