I know the plan is for CACG to recognize coins which previously had CAC stickers with a legacy "L" designation. I also believe the plan is that any coin which is submitted to CACG for new encapsulation/cross-over will be considered for possible upgrade.
Do we know if a previously stickered coin which upgrades (say 55 to 58) will have the legacy "L" applied to the holder?
The reason I ask is that my understanding is the "L" not only is meant to represent a prior stickered coin but also is to represent at least minimum agreement of the grade from either PCGS or NGC. For instance, if a coin is PCGS 55 and gets a green or gold bean each of PCGS and CAC have agreed the coin is a 55. If a coin upgrades at CACG I don't believe minimum agreement of the grade will exist any longer. Using the earlier example, CACG now thinks the coin is 58 but PCGS has not changed its opinion from 55 to 58 and therefore the companies are no longer in agreement.
What do you think? Should the coin receive the "L" if it upgrades with CACG?
Are you saying that ANY full upgrade to the next grade higher (e.g. 55 to 58) should not receive an "L" but that any 'partial' upgrade to a + should? If so, is your reasoning that the prior grading company (e.g. PCGS) and current grading company (CACG) will no longer be in agreement?
I guess next you all will be telling PCGS and NGC that they should be designating what coins were crossovers vs raw submissions, and what TPG it came from if a crossover. It's all just a bit silly, I guess I'm just crazy because all this is secondary to if I like the coin or not.
With that in mind, CACG should NOT put a Legacy "L" designation on a coin that has a full point upgrade from the previous TPG stickered grade. If they did that, it would defeat the whole purpose of Legacy designation IMO, because one can no longer be assured that a CACG "L" coin was previously considered solid for the grade by JA.
That being said, I don’t think many gold beaned coins will even be sent in to upgrade, it doesn’t make sense with most coins.
I was thinking more along the lines of an additional confirmation from another grading service being important to some people. I can see your point and would tend to agree that having the "L" and knowing JA considered it worthy is a big plus.
P/NCAC 64 -> CACG 64/64+ = L
P/NCAC 64+ -> CACG 64/64+ = L
P/NCAC 64/64+ -> CACG 65 = NO L
P/N GoldCAC 64 -> CACG 65 = L
P/N GoldCAC 64 -> CACG 66 = NO L
100% Agree with you. I feel like some are underestimating the potential significance of the Legacy designation. If there is any perceived variance between the standards of CAC stickering and CACG when they open, or even 10-20 years from now, I surmise that a Legacy designation will be very important.
I know that some clarification was requested in the Q&A thread, but now that theres a dedicated discussion to this topic I would really appreciate some clarity from @CAC_Team at his convenience, so we can put our speculative minds at ease regarding this subject.
All CAC stickers deserve the Legacy designation whether coin is upgraded or not because the prior CAC review was consistent by the same grading team!
Plus, CACG grading standards could start to differ from CAC stickering standards.
A PCGS 55 green CAC upgrades to a CACG 58 and gets a "green L" while a different PCGS 58 green CAC crosses straight to CACG 58 and would also get a "green L", right?
I'll have to think about it as I'm not sold quite yet.