Anyone interested in the more modern origins of fiat might start here: https://imprimis.hillsdale.edu/inflation-united-states/
However, author John Steele Gordon forgot to include an interesting tidbit about the "greenback". Up to that point the reverse of the bill had a bond re-payment schedule. A $10 note, for example, would be worth $10.30, $10.60, etc depending on how long the bill (technically a short term bond) was held and not redeemed. Enter the "greenback" where there was no repayment schedule, the reverse was completely blank except for the green ink.
I love the originality of cac coin surfaces and within the proper grade, they can be very attractive coins.
TPG's being held accountable....
Even when I disagree with CAC's positive assessment (thinking the coin is meh) eventually there's al…
To me it identifies those coins most difficult to sell, to personally let go of. Try it sometime. Have a third party hide the date/grade with masking tape. As you go through your stack decide which coins go in the Might Sell pile versus the o…
To me it identifies those coins most difficult to sell, to personally let go of. Try it sometime. Have a third party hide the date/grade with masking tape. As you go through your stack decide which coins go in the Might Sell pile versus the o…
My own firsthand experience is with top grade mint state coins 1934-date where the differences between grading companies is more pronounced, ie one companies coins sells for 3 figures in top grade while another sells for 4 figures or more. Other seg…
So far it means I have less weight / coins , less money and more green beans . 🤓
I’m going “ all in “ into CAC ! 🙏🏻
They say green beans are good for you. Eat'em up!
Funny you should mention the '13 ten. Bought one a couple years ago and paid ~$2,500. A more recent one cost me $4,500 just as you said, about a double and a crazy increase on a percentage basis. Strangely, a 1909 4+/CAC ("one of the most un…
Great question.
To me in order of importance it means:
1. A better shot at strict originality when buying from images. Original surfaces are what bring me the most joy from any coin I acquire, and it can be hard to tell when you can’t see the co…
To me it’s a personal validation of expertise at picking a top quality coin. So it’s more prestige for me as I have only failed with pvc and high point friction not quality in terms of contact marks, luster or strike.
There is a certain prestige …
The CAC approval isn’t super important to me. However that can sound misleading. Many of the attributes CAC looks for in a coin are the same ones I value and look for. So seeing the bean is a short cut for me to tell me it’s likely that I will like …
I set a goal for myself of determining if I could buy consistently high quality coins for the grade from internet images only. CAC has allowed me to learn a great deal during the process which is important to me because I don't make many shows and …
Means easier disposal. My last auction submission was 17/20 CAC.
Yes, that was on my list too. Another word for "easier disposal" is liquidity, the ability to dispose of an asset quickly without adversely affecting its price. https:/…
I finished my St. Gaudens $20 CAC set. It's the first ever complete set of all CAC saints as far as I know!
https://www.pcgs.com/setregistry/gold/20-gold-major-sets/st-gaudens-20-gold-major-varieties-circulation-strikes-1907-1932-cac/7613
Half Dom…
To note, Elite has mentioned on the NGC forum that he also owns the only legal 33 so in that context his Saint set can never be beat.
That's true. PCGS doesn't include the 1933 in their CAC Saints registry set, but it's arguably needed for a true …
...have always felt the 4/4+ grade represents the best bang for buck, especially when stickered; you get 90% of the eye appeal (if not 110%) at ~half price. Happy shopping!
Thanks @ptolemyII, that was my understanding as well. I didn't keep a record of when those descriptions were made (something like 'this is only the 6th plus-graded coin approved by CAC') although similar comments were made on several occasions …
Bob did an interview with Robert Wilonsk and Todd Imhof: After saying he had the best $10 eagle set (in the world) he smiled and said "I'm keeping those".
CACfan said:
paradimecoins.com
Thanks pal . Yet another source for quality coins . I’m still looking to upgrade a few pieces in my 12 coin gold type set - all CAC .
Trouble locating a $3 Princess ( 64+ To 66+ preferred ). Same on t…
I now send all my coins by Fed Ex. I pay for 3-day delivery and they usually arrive in 2 days.
I’ve also had great success over the years with FedEx (so far). I have a phenomenal Corporate rate, so I only use FedEx Priority Overnight, signature r…
I bought this coin in a November 2021 Heritage auction with no sticker. Just got it back from CAC. So I always send in coins if they look nice and don’t assume they have already been to CAC.
Congrats! You have a good eye.
Appreciate everyones' input. But my statement was totally off the cuff and in no way meant to question CAC as a business concern. In one sense their reputation alone is an asset and provides future capital, unless the long term plan is to si…
If the coin is in a GC, Heritage or Stacks auction I assume the coin has been to JA at least once. Same with coins at some of the big dealers out there. It is known that a CAC bean gets you more money. Few dealers want to leave $$ behind.
Total…
I had grown accustomed to looking at the PCGS value of a particular coin and the CAC value. The CAC price guide value was almost always higher, however, as of late, the PCGS prices have been higher. Is this just a lag in CAC updating it's guide, o…
I had sent in 40 coins that CAC received back on 4/21 and received notification of the return shipment today. Not stellar results but not terrible either, had 23 green and one gold.
Don't be bashful... let's see'm!
I just picked up this scope and it’s a game changer. Before I submit to CAC in the future I’ll be giving them a go over. I highly recommend everyone get one . This one was only $98 on Amazon .
In what way(s) do you consider that scope a ga…
Iodine Altered surface?????
Funny thread. Wouldn't we ALL like to know why our submissions don't make the cut.
Let's not forget: It's not what we think of the coin, it's what New Jersey thinks of the coin. It's that simple. The …