If a CAC sticker is like a chop mark on a trade dollar, what implications can we

[therealanaconda-migration]

If a CAC sticker is like a chop mark on a trade dollar, what predictions can we make from that with regard to the future?

[coinman_23885]

If a CAC sticker is like a chop mark on a trade dollar, what predictions can we make from that with regard to the future?

 

I'm not sure (1) that your analogy holds true and (2) even if your analogy holds true, it has no predictive value.

[coinman_23885]

...Or did you mean that people will collect CAC stickers like people intentionally collect just chopmarked Trade Dollars. I don't understand either personally (i.e. those who collect sticker rather than coins or those who seek chopmarked Trade Dollars).

[AnkurJ]

As long as CAC exists, they will buy that coin for their bid. That being said, I don't believe they sticker chop marked trade dollars.

[therealanaconda-migration]

I'll help you out.

 

What is more commonly seen, a trade dollar with just one chop mark on it or one with several?

 

If you were a merchant back when trade dollars were offered as payment for goods and services, and someone offered you one of two trade dollars, one with one chop mark on it and another with ten chop marks on it, which one should you prefer?

[coinman_23885]

I'll help you out.

 

What is more commonly seen, a trade dollar with just one chop mark on it or one with several?

 

If you were a merchant back when trade dollars were offered as payment for goods and services, and someone offered you one of two trade dollars, one with one chop mark on it and another with ten chop marks on it, which one should you prefer?

 

Assuming that the additional chop marks do not result in a loss of metal and I was principally concerned with the bullion value (as a pure merchant would be), I would rather have the one with additional guarantees (i.e. chopmarks). In short, are you predicting that there will be an increase in a number of this TPG verification services? If so, I agree with you to a point, but there will become a point when collectors will stop caring. If the TPG guarantee, CAC sticker, and now speciality stickers (e.g. Photoseal) are not enough, then I cannot imagine such a collector ever be satisfied with any guarantee. Coin collecting will never be completely risk fee.

 

P.S. Thanks for clarifying what you meant; your original post was a bit cryptic.

[therealanaconda-migration]

Good answer.

 

Yes, a trade dollar with a bunch of chopmarks by your known authenticator buddies is more desireable than one with just one chop mark.

 

Hence, in the future if there are more companies like CAC, there will be a demand for their services and stickers.....the more people that have rendered a confirming opinion, the more assured the potential buyer is that the coin is what the grader says it is.

[Hard Times]

For someone to try to compete with CAC for this kind of service is going to be very difficult. So I don't see any new one establishing themselves in this any time soon. But you just never know.

 

Best, HT

[coinman_23885]

For someone to try to compete with CAC for this kind of service is going to be very difficult. So I don't see any new one establishing themselves in this any time soon. But you just never know.

 

Best, HT

 

I agree that it will be hard to match CAC and Photoseal's buy-back programs with sufficient capital. It would be interesting to see PCGS or NGC create stickers for their coins in old holders (i.e. solid, or as an upgrade while maintaining the older holder), but then again, it could reduce crack-out/resubmission fees.

[Hard Times]

For someone to try to compete with CAC for this kind of service is going to be very difficult. So I don't see any new one establishing themselves in this any time soon. But you just never know.

 

Best, HT

 

I agree that it will be hard to match CAC and Photoseal's buy-back programs with sufficient capital. It would be interesting to see PCGS or NGC create stickers for their coins in old holders (i.e. solid, or as an upgrade while maintaining the older holder), but then again, it could reduce crack-out/resubmission fees.

 

I think if they did that, they would open themselves to huge liability problems.....

 

Best, HT

[coinman_23885]

For someone to try to compete with CAC for this kind of service is going to be very difficult. So I don't see any new one establishing themselves in this any time soon. But you just never know.

 

Best, HT

 

I agree that it will be hard to match CAC and Photoseal's buy-back programs with sufficient capital. It would be interesting to see PCGS or NGC create stickers for their coins in old holders (i.e. solid, or as an upgrade while maintaining the older holder), but then again, it could reduce crack-out/resubmission fees.

 

I think if they did that, they would open themselves to huge liability problems.....

 

Best, HT

 

Could you please explain this? I'm not sure why you say this, and I would like to understand your position.

[James_OldeTowne]

If you were a merchant back when trade dollars were offered as payment for goods and services, and someone offered you one of two trade dollars, one with one chop mark on it and another with ten chop marks on it, which one should you prefer?

If you were a merchant back then, the quantity of chopmarks wouldn't matter. The correct chopmark would.

[coinman_23885]

If you were a merchant back when trade dollars were offered as payment for goods and services, and someone offered you one of two trade dollars, one with one chop mark on it and another with ten chop marks on it, which one should you prefer?

If you were a merchant back then, the quantity of chopmarks wouldn't matter. The correct chopmark would.

 

But there might be more than one correct or desirable chop mark. This was a fundamental assumption made in my response. I think the same applies to coin market when you have CAC, Photoseal, and possibly others. I could easily see a dealer like Legend, Doug Winter Numismatics, David Lawrence, Mark Feld, Tom B, and Scottman/you starting their own sticker company. I think each has sufficient capital to act in some capacity as a market maker of their own product.

[therealanaconda-migration]

While I think it would be better for a company to come out with a new sticker and be a market maker, wouldn't it be still a viable concept for someone to come out with just a sticker? PCGS renders an opinion but they don't make a market in coins. And wouldn't it be more viable for several experienced coin guys to band together and render opinions as a group?

[therealanaconda-migration]

By the way, where is this market made in coins by CAC? On CCE? On the CAC website? Somewhere else?

[MarkFeld]

By the way, where is this market made in coins by CAC? On CCE? On the CAC website? Somewhere else?

 

CoinPlex.com

[therealanaconda-migration]

Thanks. Is this a somewhat new competitor to CCE?

[MarkFeld]

Thanks. Is this a somewhat new competitor to CCE?

 

Yes.

[Hard Times]

For someone to try to compete with CAC for this kind of service is going to be very difficult. So I don't see any new one establishing themselves in this any time soon. But you just never know.

 

Best, HT

 

I agree that it will be hard to match CAC and Photoseal's buy-back programs with sufficient capital. It would be interesting to see PCGS or NGC create stickers for their coins in old holders (i.e. solid, or as an upgrade while maintaining the older holder), but then again, it could reduce crack-out/resubmission fees.

 

I think if they did that, they would open themselves to huge liability problems.....

 

Best, HT

 

Could you please explain this? I'm not sure why you say this, and I would like to understand your position.

 

I figure if PCGS and NGC went and stickered coins they already holdered with a specific grade, they would be admitting they got it wrong the first time. For 'solid for the grade', if one sent a coin back in hoping to get a sticker for this from the original grader and it did not happen, it could be viewed as not grade worthy and the question then becomes, why would the TPG think the coin grade worthy then and not now? Opens up alot of liability issues I think. CAC is independent and thus their opinion is separate from the original grader. That makes it much more smooth.

 

Best, HT

[e1cnr]

I think some chop marks are actually an ingenious method of scooping and stealing a very small amount of silver, employed in Asia 100 years ago.

 

But if you are implying that more stickers mean better quality, then it is already being employed ->

 

 

 

[therealanaconda-migration]

I don't think anyone is suggesting that PCGS and NGC sticker their own coins. That would be silly.

 

In my opinion what is really needed is for some organization to grade the eye appeal of coins with more than just one sticker.

 

By the way, a CAC bean indicates a coin that is "accurately graded" (CAC's definition) and a gold sticker indicating something else (I could not find CAC's definition of what their gold sticker indicates.).

 

I think people want accurately graded coins that are attractive, not just accurately graded coins.

 

Plus, if the CAC competitor really wanted to kick butt, they could put their bids for coins on a public website instead of a web site only for dealers that costs money to see.

[physics-fan3.14]

I think people want accurately graded coins that are attractive, not just accurately graded coins.

 

I've seen plenty of dogs with CAC stickers. Ugly coins that nobody should want - and yet since they have a CAC sticker they are suddenly in demand. Sure, they might be accurately graded, but with negative eye appeal why would you add it to your collection?

[WoodenJefferson]

 

Jan. 2033 Professional Numismatic Coin Guarantee Grading Service announce a new service to the coin collecting hobby. Since our nation no longer utilizes coinage in our daily transactions, modern submissions fell to an all time low. In order to recover from these woeful times, PNCGGS came up with this ingenious technological break through, 3-D Holographic representations of the actual coin sent in by the submitter. The coins are scanned and for optimum accuracy, are technically graded by a CAL-9000 3rd generation computer. The 3-D Holographic image is then electronically embedded into a clear zircon bio-luminescent light sensitive cube. The actual coins are cataloged and are quickly frozen in cryogenic nitrogen to be stored in 'Our Forever Vault'.

 

This new service launched in January was at first well not received by the hobby until submitters started to receive the newly stylized 3-D Holographic representations of their coins. The cubes bio-luminescence internally lights the holograph and as the cube is rotated, the coin holograph seems to come alive. This new service eliminates the need for the thirteen (13) grading authentication services that sprang up in the first decade of this centruy. The company stickers that once cluttered the old style external plastic encased coins is now a thing of the past, the future now looks bright for the coin collecting hobby.

 

[comicdonna]

Jan. 2033 Professional Numismatic Coin Guarantee Grading Service announce a new service to the coin collecting hobby. Since our nation no longer utilizes coinage in our daily transactions, modern submissions fell to an all time low. In order to recover from these woeful times, PNCGGS came up with this ingenious technological break through, 3-D Holographic representations of the actual coin sent in by the submitter. The coins are scanned and for optimum accuracy, are technically graded by a CAL-9000 3rd generation computer. The 3-D Holographic image is then electronically embedded into a clear zircon bio-luminescent light sensitive cube. The actual coins are cataloged and are quickly frozen in cryogenic nitrogen to be stored in 'Our Forever Vault'.

 

This new service launched in January was at first well not received by the hobby until submitters started to receive the newly stylized 3-D Holographic representations of their coins. The cubes bio-luminescence internally lights the holograph and as the cube is rotated, the coin holograph seems to come alive. This new service eliminates the need for the thirteen (13) grading authentication services that sprang up in the first decade of this centruy. The company stickers that once cluttered the old style external plastic encased coins is now a thing of the past, the future now looks bright for the coin collecting hobby.

Wasn't that the year the use of money ceased to exist?

[therealanaconda-migration]

Jan. 2033 Professional Numismatic Coin Guarantee Grading Service announce a new service to the coin collecting hobby. Since our nation no longer utilizes coinage in our daily transactions, modern submissions fell to an all time low. In order to recover from these woeful times, PNCGGS came up with this ingenious technological break through, 3-D Holographic representations of the actual coin sent in by the submitter. The coins are scanned and for optimum accuracy, are technically graded by a CAL-9000 3rd generation computer. The 3-D Holographic image is then electronically embedded into a clear zircon bio-luminescent light sensitive cube. The actual coins are cataloged and are quickly frozen in cryogenic nitrogen to be stored in 'Our Forever Vault'.

 

This new service launched in January was at first well not received by the hobby until submitters started to receive the newly stylized 3-D Holographic representations of their coins. The cubes bio-luminescence internally lights the holograph and as the cube is rotated, the coin holograph seems to come alive. This new service eliminates the need for the thirteen (13) grading authentication services that sprang up in the first decade of this centruy. The company stickers that once cluttered the old style external plastic encased coins is now a thing of the past, the future now looks bright for the coin collecting hobby.

 

Hey, that was really good.