View Full Version : CAC Registy
04-13-2012, 05:31 AM
I've heard and read that a coin, say a VF30, with a CAC registry, will still be worth
what the price guide says for the VF30 coin. I have to disagree. Being familiar with sports cards,
when they are slabbed with say a PSA 10 rating, the value of that
specific card can be 10 times higher than the same GEM BU card that is not in a slab!
We all know that in many cases a coin in a PCGS holder will command more money than if the coin
were removed from the PSGS holder! Seems that slapping a CAC sticker on that PCGS coin will
also cause the price it could sell for to increase.
04-13-2012, 10:27 AM
CAC stickered coins do seem to attract higher prices in my experience. I have also found that great coins with outstanding eye appeal are out there in both PCGS and NGC plastic. PCGS focused collectors seem to be enamored with the CAC certification. One of the most often cited reasons is that the coin is more marketable at a better price. I can understand the financial aspect from a profit motivation perspective but I am a collector first. But that's just me.
04-17-2012, 11:37 AM
Not for me. I prefer my coins raw and will not pay a dime extra for slabbed and CAC certified coins. Why pay multiple amounts more than a coin's value for a stranger's opinion?
04-17-2012, 02:55 PM
I am not going to fault John Albanese for trying to capture a niche market for profit. I guarantee you won't see this posted on a PCGS or NGC website: "Guaranteed. CAC stands behind our verification by making markets in most actively traded coins." Hmmm...does that sound a wee bit like a conflict of interest?
Most of the highest "EAC" grade coins do not trade hands in slabs. Some of the rarest coppers could not even meet the grading standards of PCGS or NGC, although the standards are bent sometimes to get an ultra-rarity into one their slabs.
I only know of two half cent collectors, including one prominent dealer, who are insistent that their coins be slabbed (mostly at PCGS), except for the ones that obviously cannot be slabbed. I am pretty sure that both see it as insurance of a sort.
The sales of the "big" collections by the Big Two auction houses will slab all of the coins that they can, but this is primarily to prevent returns of coins after the auction.
I did have one coin that I bought in a PCGS MS62BN slab that I wish I had not cracked out...1793 C2 EAC AU50. When I got ready to sell it, I could not get it slabbed in the same grade. This coin HAD been an NGC MS63BN slab prior to this. The way I look at it, they graded it wrong at one time or another. Too bad they would not stand behind their grades regardless of time, because it cost me MANY thousands of dollars by cracking it out. I would strongly caution you from cracking out a very high graded slabbed coin...
BTB, I thought CAC should have used the acronym, "CAR", which would stand for "Crack and Resubmit". :-)
04-17-2012, 10:00 PM
Well, in all aspects of this CAC issue, there are going to be diasgreements and different opinions. However, based on what I've seen happen in the sports card market, CAC certified coins will probably continue to be more in demand, and command a higher and higher premium as time goes on. Especially considering some of the screw-ups in grading I have seen on some slabbled coins. I heard PCGS is coming up with a program similar to CAC? This CAC issue is probably where engine oil was 30 years ago, when people were split on whether or not to use synthetic oils. Haha!
04-28-2012, 12:45 AM
As a collector of large cents and not a dealer for profit of large cents, I personally tend to avoid CAC labeled slabs - and I would certainly prefer not to purchase any slabbed large cents if I could. Cracking them out always has a small damage risk, plus it is a hassle - and I purchase the large cent, not the grade on the plastic case anyway. From a selfish collector standpoint, CAC labels do tend to increase the bidding competition on under-graded coins in slabs. Slabbed coins do apparently protect the dealers and auction houses from returns, but large cents in slabs also always seem to suffer a bit over time in their micro-environment, compared to large cents stored in cotton liners in paper envelopes. I doubt that many true large cent collectors would ever keep their own cherished historical treasures in a plastic slab !
05-10-2012, 06:05 PM
I had an 1834 Half Cent on eBay in a PCGS AU55 holder with a gold CAC sticker (means that it has a 90% chance of an upgrade according to CAC). It brought $876.00 and change.
Apparently someone cares.
05-28-2012, 06:29 PM
I think in copper that PCGS may be nice but does not command the automatic "value" that others perceive in the general amrket. few of my coins are slabbed - I think that pedigree envelopes mean more. I often disagree with PCGS grades - it can actually be quantified: the difference between EAC and PCGS and NGC.
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