| Author |
 Replies: 33 / Views: 1,724 |
|
|
|
Bedrock of the Community
 United States
12041 Posts |
Nice 63. I don't think it's a bad coin at all - it looks pretty good to me.
CAC lost any legitimacy in my opinion as soon as they started slabbing their own coins. It's helpful to remember that CAC is little more than a marketing front for a consortium of dealer-members and that those members are the only ones who can submit coins to CACG (which removes any pretenses towards impartiality.)
I particularly enjoy seeing details coins in CACG holders. "Sure, it's a scratched and cleaned details coin, but it's a high-end, choice, premium quality details coin!"
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Valued Member
United States
271 Posts |
|
|
Valued Member
 United States
89 Posts |
CACG is open to anyone who wants to submit coins now. They charge $99 a year and you get $50 credit towards submissions.
|
|
Pillar of the Community
United States
5716 Posts |
If CACG give plus grades like the other 2, then MS 63+.
|
|
Pillar of the Community
United States
3619 Posts |
Quote:
If CACG give plus grades like the other 2, then MS 63+. CACG gives out many more plus grades than PCGS and NGC. That is partly because some big dogs are crossing previously graded coins to CACG at a minimum + increase, meaning many of the coins with a + today were once in a holder graded a 1/2 step lower. I saw an XF-45+ bust half dollar the other day, looked goofy in that holder.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
|
Bedrock of the Community
United States
12041 Posts |
Glad to hear they've decided to open up to non-members. A little transparency is never a bad thing.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Valued Member
United States
89 Posts |
|
|
Pillar of the Community
Taiwan
526 Posts |
Quote:
CAC lost any legitimacy in my opinion as soon as they started slabbing their own coins. It's helpful to remember that CAC is little more than a marketing front for a consortium of dealer-members and that those members are the only ones who can submit coins to CACG (which removes any pretenses towards impartiality.) You have absolutely no idea what you are talking about. CAC does not slab their own coins nor do CAC dealer members as you have asserted in the past Anyone can submit coins to CAC Grading by joining the CAC Grading Club. The club provides direct submission privileges, $50 in grading credits, and the ability to submit coins from home. For those of you who would like to be informed. https://www.cacgrading.com/
|
|
Pillar of the Community
United States
3113 Posts |
Quote:
CAC does not slab their own coins I think there is misunderstanding here - either yours or mine. I don't believe the assertion was that CAC was exclusively grading coins that they own. Perhaps they do have coins owned by their company that they are slabbing - perhaps NGC and PCGS do also. In my mind, what the statement meant is that when CAC entered the grading company game, their market view had to change to some degree. Are they a company that offers opinions on grades assigned by NGC/PCGS or are they a grading concern? CAC stickers fed the market grading gravy train - can their grading company start price fixing as well? It may take a while if that's where they want to be.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
|
|
Pillar of the Community
United States
3619 Posts |
I'm with @Everest, I've never heard of CACG slabbing their own coins. All coins would need to go through the standard grading process, whether provided internally or externally.
I would like to see evidence from @Bump111 or @paralyse to back up their claims, and how it is disfavoring to the company.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
|
Pillar of the Community
United States
3619 Posts |
MS-61! The new full slab photo displays the coin brighter, in which the luster seems slightly dull on the high points. MS-61 could maybe be justified but the coin is very solid for the grade.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
|
Bedrock of the Community
United States
12041 Posts |
@Everest - that is a recent change, and one which I acknowledged earlier up-thread. I can tell you that for quite some time prior that ordinary collectors could NOT submit coins to CAC or CACG. I was not aware until now that you could submit to CAC directly as a non-member because I am no longer particularly active in buying and selling coins these days and have not submitted anything for grading to a TPG in a couple of years. (I think my last NGC submission was 2022.) Please see CACG's most recent full-page advert in the Numismatist where they state that many of their employees are also CAC members or something to that effect. I don't have it in front of me, but it's not hard to find, presumably. A little further on, you can read Liz Coggan's advert in the same where she talks about how CACG is the only "conservative" grading service. The idea behind CACG was to provide a service for investors and dealers who were looking for a "premium quality" TPG service for high-end coins and wanted a way to parlay the added value of a CAC green bean into a more tangible and permanent asset without needing to rely on outside TPG's. CAC's entire original mission/philosophy was that coins that are accurately graded and choice in their assigned grade will hold more value. For years now CAC has trumpeted the fact that the #1 buyer of CAC graded coins is CAC itself. This is also not exactly a secret. CAC's own website indicates that by 2021 they had "purchased nearly $700,000,000 of coins." It is no great stretch of the imagination to conclude that at least some of that $700m. worth of inventory has now ended up in CACG holders. I am of the opinion that a grading service should not - must not - have any direct financial interest in the coins that they are grading. Having said my peace, this particular thread isn't really an appropriate venue for discussing TPG's, so I'll bow out of the conversation in regards to that subject. In terms of the results of OP's coin, CACG MS61 seems appropriate. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
11/07/2024 4:16 pm
|
|
Pillar of the Community
Taiwan
526 Posts |
Tough for me to grade from photos but it appears nicer than the grade assigned but looking at the CACG population report they do grade a fair amount of Morgan's 61. Quote:
@Everest - that is a recent change, and one which I acknowledged earlier up-thread. I can tell you that for quite some time prior that ordinary collectors could NOT submit coins to CAC or CACG FYI paralyse CAC has been stickering PCGS/NGC coins for collectors since beginning operations in 2007. CACG started full grading operations in October of 2023. |
|
Pillar of the Community
United States
1500 Posts |
There are certainly some well-known dealers that have invested in CACG. That was also the case when PCGS or NGC started.
I agree that CACG-61 does not seem off, though I would stick with my original 62 grade if asked again.
|
|
Bedrock of the Community
United States
12041 Posts |
@Everest -- I know this, of course (I have a few CAC-stickered coins myself!) -- but thank you in case I did not convey that information clearly in my post.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
| |
Replies: 33 / Views: 1,724 |
First Page
Posted 11/06/2024 3:28 pm
