Some of us write better than others. Some of us use a desktop or laptop while posting while others use a cellphone. Some of us dictate our posts. Some of use AI to cleanup our posts. Some of us have a lot more time to compose a post while others are multitasking the entire day and don’t have as much time. I guess the point I’m trying to make is we’re all going to have very different posting styles and the quality may vary. Yes, it certainly would be nice if we were able to understand what a poster is trying to say even if it’s not perfect English. This isn’t directed at anyone in particular.
@skier07 said:
I won’t get into specifics (why or how) but removing a CAC sticker without any residual evidence is quite easy.
I have to be really careful when I clean off dealer sticker goo with the alcohol based Purell that I have left over from COVID and takes sticky stuff off really well. Also nice it is viscous so it is not all over the place like alcohol.
@oldglorycoins said:
If the coin had a permanent red CAC sticker on the holder, that kinda kills the coin. Meaning that the owner needs to crack and reholder the coin if they want to sell it for PQ money.
Again, how would that differ from detail-grade labels already being used? Both the labels and red stickers would reflect negatively on the coin, with many sellers being inclined to crack the coin out.
Mark, it would likely be welcomed by several large sellers on EBay who crack out details coins anyway and the scarlet letter would probably really kill the price for them to scoop up and crack away, they list with a little photoshopping and boom: raw BU beauties.
@oldglorycoins said:
If the coin had a permanent red CAC sticker on the holder, that kinda kills the coin. Meaning that the owner needs to crack and reholder the coin if they want to sell it for PQ money.
Again, how would that differ from detail-grade labels already being used? Both the labels and red stickers would reflect negatively on the coin, with many sellers being inclined to crack the coin out.
Mark, it would likely be welcomed by several large sellers on EBay who crack out details coins anyway and the scarlet letter would probably really kill the price for them to scoop up and crack away, they list with a little photoshopping and boom: raw BU beauties.
Maybe I’m dense, as I don’t see why such stickers would cause sellers to discount coins below what they’d already price them at as detail-grade pieces.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@oldglorycoins said: @MFeld the details slab is a bad example of a slab. It was just a random photo that I had. I am talking about a straight graded slab.
Got it - thank you. The thread was an attempt at humor, using a hypothetical that would never happen in the real world.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Now that CAC is slabbing coins, I'd love to see PCGS start stickering coins. If PCGS feels your NGC or CACG slabbed coin is solid for the grade, they would sticker it and it would then be eligible to be included in the PCGS registry. The start-up costs would be negligible, and it would provide PCGS with a new revenue stream and it would provide the collector with the added reassurance that their NGC or CACC slabbed coin is solid for the grade.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@PerryHall said:
Now that CAC is slabbing coins, I'd love to see PCGS start stickering coins. If PCGS feels your NGC or CACG slabbed coin is solid for the grade, they would sticker it and it would then be eligible to be included in the PCGS registry. The start-up costs would be negligible, and it would provide PCGS with a new revenue stream and it would provide the collector with the added reassurance that their NGC or CACC slabbed coin is solid for the grade.
I like this but PCGS is already so backed up with submissions that it would take months to get stickered coins back.
If you dont mind that they sure go for it.
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 JWP BruceS bigjpst
JWP PROMETHIUS88
@coinkat said:
How rare is the variety and would it even be economically viable to submit?
While varieties are an interesting part of collecting and perhaps even the last frontier for collecting certain series, it seems there should still be some financial considerations for submissions so one is not buried.
Considering the condition issues and grade, it doesn't have much of a premium over face value- even in 65 red it's a $20-$25 coin tops. As someone who takes grading submissions at shows, I can tell you this is very common. I would say at least half of the people I interact with at shows can't tell the difference between a problem-free coin and one with ED or cleaning. It's impossible to know the mindset of this submitter, but if I had been helping them at my table I would've advised them not to submit it for the reason I stated. Sometimes people take the advice, sometimes they don't.
You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
@oldglorycoins said:
So.....
I used to work at a plastic company that made permanent plastic labels, that are heat stamped to the product. I always thought it would be hilarious if cac got those in green gold, and red. Each slab that failed could then get a permanent red CAC sticker, effectively making that coin worthless in that holder. I do believe that the large grading companies would like the idea, due to the extra volume of reholders, that would ensue. What are your options, and how would this change market dynamics?
P.S. practically this has already happened, with cac's private database of failed cert#'s
What does “practically this has already happened, with cac's private database of failed cert#s.” ?
Many coins (including four and five figure ones) aren’t effectively made worthless by detail-grade labels. And they wouldn’t be if red CAC stickers were used, either.
To me a red sticker identifying a problem is a moot point since a large swath of the CAC only crowd treat any coin without a sticker as a reject already. No need to emphasize it any more…
Comments
Corrections acceptance umm nevermind?😐
Some of us write better than others. Some of us use a desktop or laptop while posting while others use a cellphone. Some of us dictate our posts. Some of use AI to cleanup our posts. Some of us have a lot more time to compose a post while others are multitasking the entire day and don’t have as much time. I guess the point I’m trying to make is we’re all going to have very different posting styles and the quality may vary. Yes, it certainly would be nice if we were able to understand what a poster is trying to say even if it’s not perfect English. This isn’t directed at anyone in particular.
Certified Acceptance Corporation (CAC) is a Far Hills, New Jersey third-party coin certification company started in 2007 by coin dealer John Albanese.
https://en.wikipedia.org/wiki/Certified_Acceptance_Corporation
I have to be really careful when I clean off dealer sticker goo with the alcohol based Purell that I have left over from COVID and takes sticky stuff off really well. Also nice it is viscous so it is not all over the place like alcohol.
Wow this did get weird.
Mark, it would likely be welcomed by several large sellers on EBay who crack out details coins anyway and the scarlet letter would probably really kill the price for them to scoop up and crack away, they list with a little photoshopping and boom: raw BU beauties.
Maybe I’m dense, as I don’t see why such stickers would cause sellers to discount coins below what they’d already price them at as detail-grade pieces.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld the details slab is a bad example of a slab. It was just a random photo that I had. I am talking about a straight graded slab.
Micah Langford - https://www.oldglorycoinsandcurrency.com/
Got it - thank you. The thread was an attempt at humor, using a hypothetical that would never happen in the real world.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think dealers would kill John Albanese for this
Successful Transactions With: JWP, DBSTrader2, greencopper, bretsan, ajaan
I've seen red stickers from JA, except they are round and have PVC written with a pen.
That is the most that he would consider in red.
If I might add to the madness.....................
All comments reflect the opinion of the author, even when irrefutably accurate.
Now that CAC is slabbing coins, I'd love to see PCGS start stickering coins. If PCGS feels your NGC or CACG slabbed coin is solid for the grade, they would sticker it and it would then be eligible to be included in the PCGS registry. The start-up costs would be negligible, and it would provide PCGS with a new revenue stream and it would provide the collector with the added reassurance that their NGC or CACC slabbed coin is solid for the grade.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
There is a crossover revenue stream that would likely be negatively impacted if a sticker service is pursued.
Experience the World through Numismatics...it's more than you can imagine.
I like this but PCGS is already so backed up with submissions that it would take months to get stickered coins back.
If you dont mind that they sure go for it.
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 JWP BruceS bigjpst
JWP PROMETHIUS88
Considering the condition issues and grade, it doesn't have much of a premium over face value- even in 65 red it's a $20-$25 coin tops. As someone who takes grading submissions at shows, I can tell you this is very common. I would say at least half of the people I interact with at shows can't tell the difference between a problem-free coin and one with ED or cleaning. It's impossible to know the mindset of this submitter, but if I had been helping them at my table I would've advised them not to submit it for the reason I stated. Sometimes people take the advice, sometimes they don't.
Good point. PCGS would likely have to open their registry to such coins, which would reduce crossover business.
To me a red sticker identifying a problem is a moot point since a large swath of the CAC only crowd treat any coin without a sticker as a reject already. No need to emphasize it any more…