is a CAC sticker really anything more than "another label"

Over the course of the last few months we have discussed all the various labels one can acquire for a particular coin. Although we have discussed this subject briefly in the distant past I thought I would open it up to see if new opinions have been formed or old ones changed. The subject I am talking about is the CAC sticker. Does it really add any value to a particular coin in the eyes of the grassroots collector ?

In my opinion I believe it is nothing more than a group trying to sell a bill of goods to the collecting populace, an idea. I could really care less whether a slab has a CAC sticker on it. NGC does fine by me with their (+) and (*) designations. Why would you want to pay an additional premium for another "label" that NGC already provides. According to NGC, (3) graders determine the grade of a coin. So along comes CAC and they want to put their two cents in and a label for additional money.

CAC states that a graded coin without their label doesn't mean the coin isn't within the guidelines for a particular grade but that it isn't on the upper end. (Not a direct quote from their website but along those lines) Well, that's what the plus and star from NGC designate, isn't it ?!

I really believe in another 5 years CAC won't even be around. It was a fad when it came out but as we all know, fads fade. Again, I feel CAC was/is trying to sell a bill of goods but I'm not buying.

Any thoughts ??

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