Howdy, Stranger!
It looks like you're new here. If you want to get involved, click one of these buttons!
Quick Links
CAC Platinum, Black, or Diamond?
Green CAC stickers indicate that coins are solid for the grade or (less likely) under-graded by one grade but would not be anointed a green sticker if graded one level finer.
Gold CAC stickers describe coins that are under-graded by at least one grade and would receive at least a green CAC sticker if graded one grade better.
But why not use, say, a platinum sticker if a coin is two grades higher and would also receive a green CAC bean in that higher grade?
And perhaps, say, a black or diamond sticker if three grades higher with a green CAC? I think that we could stop at four colors total, lest we further confuse those who do not even understand the significance of the two existing colors, as proven by many counterintuitively sky-high APR's.
Many gold-beaned coins are auctioning for way over what one grade up should be worth. Are people paying these absurdly astronomical premiums for the actual coins or merely the prestige and rarity of the gold sticker? Or do they really believe that the coins are under-graded by two to three (or more) grades?
Gold CAC stickers describe coins that are under-graded by at least one grade and would receive at least a green CAC sticker if graded one grade better.
But why not use, say, a platinum sticker if a coin is two grades higher and would also receive a green CAC bean in that higher grade?
And perhaps, say, a black or diamond sticker if three grades higher with a green CAC? I think that we could stop at four colors total, lest we further confuse those who do not even understand the significance of the two existing colors, as proven by many counterintuitively sky-high APR's.
Many gold-beaned coins are auctioning for way over what one grade up should be worth. Are people paying these absurdly astronomical premiums for the actual coins or merely the prestige and rarity of the gold sticker? Or do they really believe that the coins are under-graded by two to three (or more) grades?
Tagged:
Comments
Comes back stained.
while CAC ability to identify states of preservation and how stuff should look without generations of hands trying to improve/process them is without question. I would contend that the absolute prioritization of said attributes above all else is more a Financial consideration compared to a hobbyist’s perspective. I simply don’t think we need the pile on the collector who stretched for a cleaned/over dipped VG 1893s Morgan. Not everyone is destined for A coins and the pride of ownership shouldn’t be tied merely to investment potential or tastes of coin snobs (no offense meant). The more the Industry paints a scarlet letter on anything not premium I think we all lose.