What happens when collectors and dealers attempt to cross their high grade PCGS CAC (+) coins but they fall short for CACG+ ? These would be the B coins and the vast majority of green beans.
It appears to me that (B) coin owners will have the choice of keeping their coins in the original PCGS CAC (+) holders? Or opt for the new CACG holder without a plus?
This leaves little doubt that CACG (+) coins will be more prestigious than PCGS CAC (+) coins.
Comments
I suspect that you are underestimating the demand for PCGS CAC coins versus identically graded CAC 2.0 specimens. PCGS is a behemoth that has been heavily marketing their product for 36 years versus merely 15 for CAC. Thus, the values for PCGS CAC (or even nice non-CAC) coins and CAC 2.0 pieces will likely be neck and neck, CAC 2.0's expected prestige notwithstanding.
CAC does not acknowledge PCGS +, and only a small percentage of these coins will ultimately make the grade as true (A) coins.
Bottom line is that all CACG + coins will be regarded as (A) coins. While the majority of PCGS CAC + coins are (B) coins.
Maybe it is me, because understanding the opening post by Chris Adkins, compared to the last post by Frank Kate is not clear, when compared. I am not certain about the Registry issue, but it seems to me if CAC is going to have an improved Registry, it makes more sense than leaving it in another registry with the question always mentally lingering: is it or isn't it?
"John: Well, as a plus, no, we won’t guarantee it across as a plus, because we’ve always disregarded the pluses. It wouldn’t be consistent. It wouldn’t make any sense for us to say– Quite honestly, when I see a coin with a plus on it, I disregard it. I just grade it as though it’s solid for grading. I think many of them are pluses. However, I don’t believe all of them are pluses. And contrary to that, I see a lot of coins, I think, that deserve pluses that don’t have pluses."
https://coinweek.com/education/coin-grading/cac/a-cac-grading-service-coinweek-interview-with-john-albanese/
So inconclusive right now whether CACG+ is going to be more prestigious than PCGS+ CAC. People will try to cross PCGS CAC to CACG+ and likely leave PCGS+ CAC alone. Time will tell.
It’s a bit late and I have not read all the posts in this thread . With that said I must say that in my opinion CACG+ coins will have more prestige and value then PCGS + CAC coins period. I am in complete alignment with the thoughts of member Chrisatkins1 on this matter.
1. Don’t underestimate the popularity of the PCGS Registry. While every coin of mine (all PCGS) eligible for a CAC sticker has one, and roughly 50% to 60% have a plus grade along with the CAC sticker, I have no plans to cross ANY of my coins to the new CAC holders until the PCGS Registry accepts CAC holders. Knowing PCGS won’t accept NGC holders implies to me they won’t quickly accept CAC holders either. So leaving my coins in their PCGS holders allows me to partake in ALL four Registries - a) PCGS, b) the new CAC Registry for any holders with or without CAC stickers (and that CAC Registry WILL credit that PCGS plus grade), c) the new CAC registry restricted to only CAC holdered coins AND PCGS and NGC coins with CAC stickers (and again, that restricted CAC Registry will also credit that plus grade in its PCGS holder), and d) a Registry operated by NGC (they accept PCGS coins and give extra points for those with CAC’s and extra points for those with pluses).
2. Because CAC will downgrade many C coins submitted for crossover to a plus grade in the next lower grade, along with similar coins submitted raw or cracked out that CAC deems as C for the higher grade will now also often get a plus in the next grade lower, the percentage of plus pops of CAC graded coins will soon tremendously dwarf the percentage of PCGS coins with a plus. That can only help CAC stickered coins with pluses that remain in their PCGS holders. When you look at CAC holder pops and a very large percentage are pluses, do you really think the market will value those higher than PCGS coins with a CAC sticker and a plus grade (very low percentage with that plus grade)?
3. As noted, MANY coins in CAC holders with pluses will have gotten that way from downgrades as C coins or as noted in #2, from raw/cracked out that would have been C coins but will now have a plus. ALL of these will NOT have the embedded CAC sticker on the reverse. As such, once again, do you really think that a coin in a CAC holder with a plus grade but without the embedded sticker will be valued more (or even as high) as a PCGS plus coin with a CAC sticker (and as noted, this plus coin is part of only a very low percentage of PCGS coins making that plus grade)?
4. In a follow up comment by @ChrisAtkins1 shortly below his OP, he said he believes that only a small percentage of PCGS plus coins will be deemed by CAC grading as A coins, and hence not be given a plus grade by CAC. I disagree! Of the low percentage of PCGS coins with a plus grade, MANY if not most of those have CAC stickers too. JA has already said in another thread that he expects that most coins currently with plus grades and stickers WILL INDEED cross to CAC in a plus grade! Additionally, of those with PCGS holders with a plus grade and sticker, if they choose to cross, chances are the vast majority will request on the CAC submission form to ONLY cross at the same grade or higher!
Steve
Regarding your comment, please read my four points just below your post, my point just above this post, and my point in two posts down, and then let us know if you still agree that strongly with the OP.
Steve
There will be three separate sources of + graded coins in CAC holders:
As I noted above, many coins with plus grades with stickers will cross to plus grades at CAC, AND some coins in whole grades with stickers that are A coins will also get pluses, AND coins where the owners of defect free C coins who do choose to downgrade to get in a CAC holder with a likely plus (remember that these C coins currently have no CAC sticker) as per JA will also mostly get plus grades. Please add all three together.
Those that know me know that I’m a TREMENDOUS fan of CAC, probably even a bigger fan than @CACfan. An unnamed contributor to this forum suggested I change my forum name to BiggerCACfan, lol.
I really do think that the values of my PCGS/CAC/Plus coins will do OK remaining as is. And if by chance I’m wrong (I’ve made more than my fair share of errors), I can choose to cross later on to CACG at the same grades or higher.
Steve