CAC has been around so long at this point that I tend to view no-bean coins available in the marketplace as CAC rejects. In other words, I tend to assume CAC has seen the coin in question and didn't like it for one reason or another. I don't know if that's the right way to look at today's market. and I'm curious how others see this. Some dealers, like CRO, will come right out and tell you that a no-bean coin has been to CAC but most won't.
This question specifically relates to higher value coins.
GP
Comments
Even if just one coin stickers, it can pay the costs of an entire shipment. Hence, it is usually worth sending in everything. Kudos to CAC for keeping their prices low to accommodate mass shipments.
But just because CAC rejects a coin does not make it worthless. After all, it is PCGS and NGC that have set the market-acceptable grading standards. We have many customers who care little about CAC stickers. But we also have many who worship CAC and will even pay a premium for lesser stickers like MAC and QA. Any sticker is better than none.
There are a lot of coins in collectors and dealers hands that do not have access to CAC. So if the coin comes from them I would say no.
The trick is then deciding how important it is to me.
i tend to look at the coin only. CaC, holder, grade come into ascertaining the price and my downside at said ask. I’m not really focused on adding value so no sticker really only tells me how to value it. Not having a sticker at a premier dealer tells me to flip the coin around a third time but that’s it.
I personally don’t like buying/targeting cac as it typically represents a maxed out coin asking all of the money. Sometimes that’s ok but I actually like compromise coins that offer value. Maybe I am leaving money on the table as many of my coins Cac on the next set of hands but all and all I am solidly in the black$$$ as a hobbyist so it’s ok to leave a little meat on the bone for the next guy
WRONG!!! That makes them a bottom fisher. Why would they not want to make more money? Plus, I would bet by the time you see their coins listed, a sharp dealer would have picked them off.