Regrettably, we will be suspending our normal tier ($16) service. We have received unprecedented amounts of submissions in previous weeks and are, unfortunately, unable to keep up with demand. The suspension will begin on September 1st; please stay tuned for notice via E-mail or other CAC media indicating the suspension has ended. Submissions postmarked for after September 1st will not be accepted on the regular tier. Note that re-sticker ($5), high value $10,000 - $25,000 ($35) and rarities over $25,000 ($75) tiers will remain open.
Thank you for your continued patience and support,
I believe it would reduce the abuses . I’m sure you have people and dealers that know they got nothing to lose by just sending them all in . Hoping to land a few green beans!
That is surely time consuming and without
putting money in your till unless it is approved.
CAC minimum submission fee $5 ( which goes toward the cost should it sticker .)
It’s time CAC Team
I am being serious. CAC needs to adjust their business model to the changing market while accommodating everyone.
For the others, a tiered system probably makes sense. $15/coin up to $1000 in value, $20 up to $5000, $30 up to $10k, $40 over $10k, etc (or some variation thereof).
If I do not think a coin will CAC, I will not send it in. I try to only pick out the coins that I believe are acceptable.
Perhaps, collectors should have a limit of how many coins they can send in each year before they have to start paying for the failures. 100 silver? 50 gold?
Perhaps, everyone should only be able to send in coins at a certain time of the year set aside for them? If your last name starts with ( J.) Then you can submit coins from---- and to----? And also....
Listening to JA in a few interviews , to me it’s apparent that grading a bunch of common date ms 62 saints isn’t really the vision he has for his business . So I think it’s safe to say that sifting through a 100 coins for a dealer to sticker a few AU , XF & F 12 coins isn’t fulfilling a dream or vision for anyone or CAC .
While I believe CAC cares far more about doing good for collectors and the hobby than about money, I dislike the idea of any grading entity making extra money due to stickers, crossovers, upgrades, etc.
In the case of CAC, the extra fees tend to be small, but for some other companies, they can be quite significant. And that at least has the potential to affect objectivity.
My suggestion would be 100 coins. It's high enough to allow most collectors plenty of chances to get stuff beaned, as well as pressure them to consider what exactly is worth one of their free shots at a bean. On the flip side, it's also low enough to weed out the dealers masquerading as collectors and abusing the system.
I would also strongly argue against a concept of allowing a certain number of free fails (100 per collector EVERY year has been suggested). Just as dealers get around U.S. Mint low household limits of low production modern releases and end up with hundreds to sell at outrageous markups, they’ll easily figure out ways to abuse a free annual allotment as well.
If it were not for a few free failures I would have given up learning how to grade properly and what original coin surfaces should look like.
I have invested many more dollars into my favorite hobby as a result of CAC allowing me to submit coins.
Some Free failure chances or not may make a huge difference to some young collectors, and they are the future of numismatist.