Do you think they will retain value and even increase over time? I do and see no reason to cross them to the new service.
The market makes no distinction between solid and high end for the grade with these coins (not addressing gold CAC designated coins). All guides convey that the green sticker implies premium for the grade. Thus this mystique will continue with the separately kept pop reports and the diminishing use of the sticker service now that a full grading service is offered.
Once the sticker service ends in years to come, stickered coins will have a cache much like old style TPG holders do today.
Comments
Another factor is that changing pricing schemes here at CDN is no small task so we don't want to pivot unnecessarily.
We do plan to start adding + prices by year end.
Hope this helps. thanks!
John
Once you cross a stickered OGH PCGS slabbed coin even to a CACG plus graded coin you can never go back.
A wait and see attitude is most wise at this juncture,
There are numerous enough raw, newer NGC and newer PCGS graded coins at this point to keep CACG busy.
This is actually a good thing for CACG as it allows for CACG to start up and ramp up without getting overwhelmed with too many submissions.
1. I strongly believe that PCGS stickered coins will do well going forward (“retain value and increase over time”).
2. The market DOES indeed currently make distinctions between solid and high end for the grade. Almost all of the time, a PCGS coin with a plus grade with a green CAC sticker will clearly sell for more than the PCGS coin in just the whole grade with that green sticker, even though the sticker does not confirm the PCGS decision to award the plus is agreed to by CAC! Many times in grades 65 and higher the plus will add substantially to market value compared to the coin without the plus.
3. There ARE reasons to consider crossing them. Ignoring “desired” holders like OGH and fatties, in my opinion it pays to cross a PCGS CAC coin to CACG with the instruction on the sub form to only cross with a plus or higher. Coins that CACG deem as “A” coins should cross with a plus. A CACG holdered coin with a plus grade and an “L” at the end of the cert number (a Legacy coin that crossed with a previous CAC sticker) in all likelihood will be valued higher than a PCGS coin in just a whole grade with a sticker. As noted above, we’ve seen that PCGS coins in plus grades with a CAC sell for more, so a coin in a CACG holder where for the first time, if it has a plus grade, now that plus grade has been confirmed by CAC (CACG) as actually meriting that plus! THAT’S why it pays to cross!
4. With all that said though, for collectors like me where the PCGS Registry is important, I won’t be crossing any of my regular coins. I will submit for crossing my PCGS/CAC dupes in whole grades, but only allow them to cross if getting a plus grade or higher. Otherwise, I’ll have them returned to sell in just that whole grade with the sticker on the PCGS holder.
Steve
But.... there is no record of which did NOT.
What a horrible run on sentence, lol.
I also said I plan on crossing my PCGS dupes with CAC stickers in a whole grade, but only allow them to cross if getting a plus or better via instructions on the submission form.
Steve
One question I wonder is a CACG plus with a L worth more than a straight CACG plus?
One question I wonder is a CACG plus with a L worth more than a straight CACG plus?
I (Steve) say: Stevie, first I agree with your comment. Regarding your question about a CACG plus graded coin with or without the Legacy designation. If a CACG plus coin has a Legacy designation, that indicates that PCGS or NGC agreed at a minimum with the whole grade number. That provides value for those collectors who are comforted by two separate opinions. However, we don’t know if it was PCGS or NGC (in my opinion it shouldn’t matter). Separately though, we also don’t know if PCGS or NGC gave that CACG plus coin a plus when they graded it, or not!
Separately, a CACG plus coin that is not a Legacy coin could have originated one of several ways. First, it could be a raw coin (or crackout) that CACG gives a plus grade. Or it could be a graded coin never previously submitted to CAC, but now submitted to cross at CACG, and CACG grades it at a plus. In this case, did it cross at the same original grade, did it upgrade, or did it downgrade to the new CACG Plus grade? We don’t know, and I don’t care. Finally, this CACG plus coin could have happened with a person submitting a failed but defect free “C” coin that the submitter chooses to allow it to be crossed at a lower grade, and indeed CACG crosses it at a plus but at the next lower grade.
As noted, to me these different originations make no difference. I focus on what the CACG experts say is the proper grade (in their opinion). However, to others, the origination, if known, could make a valuation difference.
Steve
"to me these different originations make no difference. I focus on what the CACG experts say is the proper grade (in their opinion)."
It may take a little while before the new service catches on-like it took CAC.
That process they have implemented is about as good as one can get with human beings, but not machines.
Steve
RoboCac!