CAC........the definitive answer

On Mar 11, 6:12*pm, Bob Rudd wrote:
In article 689e3c67-2d67-4bf0-9cf7-fff8ff624f78@
2g2000hsn.googlegroups.com, says...



This quote from CAC's own website. It makes sense that *the sticker
would denote PQ from CAC's own guidlines. If only average quality for
the grade, why would the CAC dealers buy them sight-unseen?

"WHAT SEPARATES THE GRADE FROM PREMIUM QUALITY
In every field, there are a select few that represent the best of the
best. Coins are no exception. Now there's an easy way to identify
premium quality coins within any particular grade. Just look for the
CAC verification sticker.
Third-party grading services have revolutionized our industry by
evaluating the condition of coins. Evaluations, however, can be
subjective and over time, coins of varying quality have received the
same grade. That's why leading members of the numismatic community
formed CAC - to identify and formalize the existence of premium
quality coins.

We only consider previously graded coins, submitted by CAC Submission
Centers, and will only award our sticker to those coins that meet our
standards for premium quality.

For information on becoming a CAC Submission Center, e-mail
."

Disclaimer:

*I have never submitted a coin to CAC *nor am I an investor in CAC.
Yet, I see its value. If a coin is indeed PQ by my standards, I will
pay a premium price for it. Why not? It's worth it. If there happens
to be a CAC sticker on the slab, I am paying a premium price for the
COIN, not the sticker.

Ira

Ira, I continue to take the strongest possible issue about CAC and your
opinion of it. *I respect you but I think you are seriously mistaken to
put any great credence in it. "The best in any field,"....have you seen
any bright white or dipped out coins with stickers on their holders? *
You said, the other day, that there are always going to be mistakes. *
Sorry, but if the slabbers made a mistake, then CAC should not be
seconding that.

I wouldn't write a check for a dime for a submission to CAC for any of
my coins. *OTOH, if a coin that I bought from a quality dealer did not
get one, should I ever do so....shouldn't that dealer then, be expected
to defend why they said the coin was PQ while CAC did not find it to be
so?

That's a hypothetical and, I admit....I'm taking you down a road where
you as a quality dealer should not wish to find yourself with a customer
asking that question in the future. *Nor should any other premium
dealer. *IMHO, CAC is just another slab company without the expense of
the slab machines. *Those "name dealers" who are involved with it can
have it. The first time that one of them tells me I should pay more
because a coin is "CAC'd," I intend to tell them that they have I my
business forever.
--
I hope we can all be good neighbors online!

Bob, it's okay to have opposing opinions. That is what makes the forum
here so
interesting! I've had dealers show me a grouping of CAC'd coins and
explain that they are
all "high-end" coins. I will look at those in which I have some
interest and ask for a quote.

If the price is such where I feel I can 't make a profit when I sell
it, I will pass it by. The CAC sticker has no bearing on it at all.

Rick Snow had some success with his Eagle Eye Photoseal on Indian head
cents that he agreed were solid for the grade or better and he used to
buy them back at 75% of his then current selling price. He no longer
has that buyback benefit and I don't know it the Photosealed coins are
all the rage now, but they way I see it, if a bunch of buy prices are
out there for Cac'd coins, that's a significant benefit.

I don't need a sticker to tell me if a coin looks good I'd not. Time
will tell if this company
thrives through strong dealer and public acceptance. Too early to
predict.

Ira