Batting a 1000 with CAC.........

[Hard Times]

For bust quarters, all of mine have CACed (10 for 10) including the two ANA newps below. With half dimes - CAC just doesn't like my half dimes and I would be sent to the minor leagues or placed on waivers for these 5 centers.

 

Here are the two new bust quarters that CACed. I would give the 1821 a B, and the 1831 an A+* and whatever else you can give it but is is very special and I was lucky to find it on the bourse.

 

Best HT

 

 

[Coindude]

HT: that 31 is special!

[ldhair]

You pick some pretty stuff HT.

[Hard Times]

You pick some pretty stuff HT.

 

Thanks Sam and Larry, I've learned from the smart folks on these boards that know how to pick the nice stuff, including you two.

 

Best, HT

[Hard Times]

Here is one that I finally imaged today.......

 

Best, HT

 

[Nutmeg Coin]

Congratulations, they tend to be tough on early Bust material. My batting average ain't so great with pre-1840 coins. Maybe a little light cleaning, a nick or scuff they don't like, a tad overgraded, not original enough? It makes submitters cautious unless they are sure, but with super nice coins the $$ have already been spent so a CAC stickers may be irrelevant, but doesn't hurt.

[Hard Times]

Nutmeg, only time it matters is when one goes to sell because CAC has marketed their brand so well. But it is always nice when someone as respected at JA and his team likes a coin. Like I said, they have been hard on my half dimes......

 

Best, HT

[BKW]

Nice Busties especially the 31. (thumbs u

[AnkurJ]

Nutmeg, only time it matters is when one goes to sell because CAC has marketed their brand so well. But it is always nice when someone as respected at JA and his team likes a coin. Like I said, they have been hard on my half dimes......

 

Best, HT

 

I'm glad your coins are doing well. I recall at one time you were very much against what CAC stood for. Obviously that has changed.

[rrantique]

You pick some pretty stuff HT.

 

Thanks Sam and Larry, I've learned from the smart folks on these boards that know how to pick the nice stuff, including you two.

 

Best, HT

 

+1 (thumbs u

[Hard Times]

Nutmeg, only time it matters is when one goes to sell because CAC has marketed their brand so well. But it is always nice when someone as respected at JA and his team likes a coin. Like I said, they have been hard on my half dimes......

 

Best, HT

 

I'm glad your coins are doing well. I recall at one time you were very much against what CAC stood for. Obviously that has changed.

 

Ankur,

I did not intend this thread to become a commentary about CAC, but I will respond to your suggestion about my beliefs on CAC in your note above. I was never against sending my coins into CAC and seeing what they think. But I am still against the idea that this is the only opinion that counts, which some appear to believe. It is an opinion, to be taken into consideration, and it is a darn good marketing tool as we have seen. But I still like to have their opinion when I assess a coin and I recognize the experienced graders that are part of CAC are going to do an excellent job of evaluation.

 

I am also still against the idea that all coins that do not make CAC are somehow inferior, many are not, although at present the market typically appears to believe that CAC is the final word. What I have learned is that CAC has particular attributes that they are looking for - my bust quarters fit those attributes, most of my half dimes do not but they are still nice quality for their grades with bursting eye appeal (one of my priorities when buying a coin). I suspect that of the half dimes that failed, there were toning issues (see my avatar) but I don't know for sure, certainly eye appeal, wear, surface nicks, or luster on these were not issues.

 

I also believe that there is a large amount of subjectivity and bias in what CAC likes to bean. We have seen many examples of both on the discussions of these boards. Their advertising leads one to believe that they are the final word on grading and I like others bought into that. What you saw on the boards here from me about this subject was my exploration of that belief, which, after that exploration, I realized I had to change my opinion that they were the final word, but only instead, one excellent opinion.

 

I also believe they do an excellent job of weeding out some problem coins in graded holders and many overgraded coins, providing another level of protection especially for those that have little experience in grading.

 

For all of these reasons, CAC is an excellent opinion to obtain on a coin. And of course because the market says so, having a bean increases the value on a coin so a good thing to get if one can.

 

Best, HT

[jom]

Nutmeg, only time it matters is when one goes to sell because CAC has marketed their brand so well. But it is always nice when someone as respected at JA and his team likes a coin. Like I said, they have been hard on my half dimes......

 

Best, HT

 

I'm glad your coins are doing well. I recall at one time you were very much against what CAC stood for. Obviously that has changed.

 

Ankur,

I did not intend this thread to become a commentary about CAC, but I will respond to your suggestion about my beliefs on CAC in your note above. I was never against sending my coins into CAC and seeing what they think. But I am still against the idea that this is the only opinion that counts, which some appear to believe. It is an opinion, to be taken into consideration, and it is a darn good marketing tool as we have seen. But I still like to have their opinion when I assess a coin and I recognize the experienced graders that are part of CAC are going to do an excellent job of evaluation.

 

I am also still against the idea that all coins that do not make CAC are somehow inferior, many are not, although at present the market typically appears to believe that CAC is the final word. What I have learned is that CAC has particular attributes that they are looking for - my bust quarters fit those attributes, most of my half dimes do not but they are still nice quality for their grades with bursting eye appeal (one of my priorities when buying a coin). I suspect that of the half dimes that failed, there were toning issues (see my avatar) but I don't know for sure, certainly eye appeal, wear, surface nicks, or luster on these were not issues.

 

I also believe that there is a large amount of subjectivity and bias in what CAC likes to bean. We have seen many examples of both on the discussions of these boards. Their advertising leads one to believe that they are the final word on grading and I like others bought into that. What you saw on the boards here from me about this subject was my exploration of that belief, which, after that exploration, I realized I had to change my opinion that they were the final word, but only instead, one excellent opinion.

 

I also believe they do an excellent job of weeding out some problem coins in graded holders and many overgraded coins, providing another level of protection especially for those that have little experience in grading.

 

For all of these reasons, CAC is an excellent opinion to obtain on a coin. And of course because the market says so, having a bean increases the value on a coin so a good thing to get if one can.

 

Best, HT

 

Well stated. People should keep in mind that once PCGS and NGC were the "final word". Now it's CAC. How long with that last?

 

jom

[Hard Times]

Thanks jom,

BTW, one thing I forgot to add. My final opinion on a coin takes both the slab grade and the CAC decision into advisement. So far though, very few times has my opinion on a coin changed on the basis of whether a coin stickered with CAC or not.

[Matt_dac]

Nice coins!

[mommam17]

"But it is always nice when someone as respected at JA and his team likes a coin." Yes, this was very satisfying for me too.

 

 

[Elbesaar]

 

My last CAC submission ran the gamut of type -

they liked some things and ignored others.

 

I love the 1831 Quarter. It's very choice and

deserved to pass. Congratulations on even

finding it in the first place !!

 

 

 

 

[No+4Me]

I really like 'em both but the 1831 is very eye catching!

[Nutmeg Coin]

I'm just curious what they offered you for your CAC approved Bust coins? With the difficulty level of getting the CAC sticker on the early Bust coins, you would think the reward of strong $$ would follow. But they seem generally stuck in the CDN bid/ask range.

 

I recently had some Bust H10c coins certified by NGC as AU, they were really nice coins, didn't bother to send them to CAC but was offered $650 for the pair from a specialist outside of conventional channels.

 

http://www.ebay.com/itm/1835-H10C-Capped-Bust-Half-Dime-NGC-AU58-LM-7-LG-DATE-/331298587831?ssPageName=STRK:MESE:IT

 

http://www.ebay.com/itm/1830-H10C-Capped-Bust-Half-Dime-NGC-AU53-LM-12-/331298585790?ssPageName=STRK:MESE:IT

 

There is no way I would have gotten strong money for these through conventional channels.

[MarkFeld]

I'm just curious what they offered you for your CAC approved Bust coins? With the difficulty level of getting the CAC sticker on the early Bust coins, you would think the reward of strong $$ would follow. But they seem generally stuck in the CDN bid/ask range.

 

I recently had some Bust H10c coins certified by NGC as AU, they were really nice coins, didn't bother to send them to CAC but was offered $650 for the pair from a specialist outside of conventional channels.

 

http://www.ebay.com/itm/1835-H10C-Capped-Bust-Half-Dime-NGC-AU58-LM-7-LG-DATE-/331298587831?ssPageName=STRK:MESE:IT

 

http://www.ebay.com/itm/1830-H10C-Capped-Bust-Half-Dime-NGC-AU53-LM-12-/331298585790?ssPageName=STRK:MESE:IT

 

There is no way I would have gotten strong money for these through conventional channels.

 

It is my understanding that in a number of cases, CDN prices reflect CAC bids. So it would stand to reason that "they seem generally stuck in the CDN bid/ask range.". Or more accurately, it is the other way around.

 

 

[Nutmeg Coin]

That is all true for type coins and easily ascertained values based on common grades, but not so much on the thinly traded issues. I'm sure CAC makes as strong an offer as they can based on auction records or open bids, they have to cover themselves as any dealer would. No business person could pay too strong money for collectibles that may be slow to move, otherwise they would be losing money and clearly the $12.50 they charge is only covering the basic costs of their business.

 

 

[Hard Times]

I'm just curious what they offered you for your CAC approved Bust coins? With the difficulty level of getting the CAC sticker on the early Bust coins, you would think the reward of strong $$ would follow. But they seem generally stuck in the CDN bid/ask range.

 

CAC did not offer me anything and I did not request that they do.

 

Best, HT