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Daniel, great points to which I entirely agree. I am not convinced however that certain submitters don't enjoy advantages on their grading submissions. I also do not like that some of the "principals" at them also deal in coins. I have seen some rather "strange" occurrences with the same coins being submitted from different sources getting different grades - I will leave it at that. Also, many times and esp with foreign coins they get the attributions wrong even when documenting evidence is provided with the submission. Anyway, your points are well taken and want to thank you for all you do.
Thanks Daniel. Thought provoking. I've never looked much at CAC stickered coins in the past and only bought a few along the way. CAC is ultra conservative. I need to keep my eye on these stickered coins.
I see comments on this video regarding collector's thoughts about coin grading. But regardless of how we all feel about the coin grading companies the truth is that the market sets the value for coins graded by the different companies. Nothing wrong with trying to make a bit of money by working the system. Especially since there is risk involved.
Actually ANACS was one of the first grading services around but they were so conservative in their grading that people went to PCGS & NGC for a better grade and thus a higher price for the coin. Now ANACS was basically badmouth to the industry that people were no longer interested in using them. They are still one of the best coin grading companies because because of the smear campaign they are still regarded as a substandard grading company. I use ANACS to grade some of my coins and the others for a quick turnaround and a more recognizable company.
Something to consider also is that CAC completely ignores the Plus grade when stickering. So if you get a coin that's MS65+ with CAC, they're really just calling it a choice MS65, which is essentially being redundant since that's what a Plus grade should be anyway. You can confirm this by looking up the CAC registry, they never include the Plus. However, a Plus grade often commands a higher price than a base grade with CAC sticker, so getting a gem graded coin from CACG could be quite the find at a relatively decent price (for now)
I’ll definitely be keeping an eye out for CAC graded coins at the next show I attend, although I generally enjoy the hobby more when looking for/through raw coins.
Raw coins are where the deals are found. Great way to train your eye and become a really sharp collector! Takes guts and wits but man is it a rush! Like going from blackjack to poker.
I couldn't agree more. I cherrypicked a 1921-D Morgan out of a lot of 1921-Ds which looked like a really nice Prooflike. I didn't pay a premium for the coin. 1921s in Prooflike are extremely scarce. So I sent it to ANACS, hoping to get the PL designation. Well, it came back as an MS-64, but without the PL designation. The remark from ANACS was, 'Insufficient depth of mirrors for the PL designation'. What does that mean? Is it Semi-Prooflike? Should I send it in to NGC or PCGS for their opinion? I've had local experts tell me it is definitely a Prooflike. It isn't the difference in monetary value, although there's an approximately a $3,000 difference in value. I told one of the dealers who is really interested in the coin that I would be willing to trade for an 1889-CC or the 1893-P, O and CC in VF or better condition. That aside, I would just like an accurate grade. I'm going to try and post the coin for an opinion.
Great video. Checked your site and was pleases with both the site and the pricing. Looking forward to the New Year and purchasing items you have offered. Trusted Source is a must for me. TY Happy Christmas
I've got a few coins with the green bean sticker on them. I bought each one from PCC. Those coins for sure are choice for the grade, and I'm proud to have them in my collection.
My first purchase in a CACG holder was a 95-S Morgan in AG3. Solid for the grade, and no extra cost compared to those sitting in PCGS and NGC holders. (Just wanted to knock off that year as inexpensively as possible. 😅)
Well there's no opinion when it comes to AG really. An AG is getting AG every time almost. I actually really like AG coins. They have the most amount of wear before it just becomes sad. Like an FR-2 is "oh I can almost appreciate it 😢"
I definitely agree. And I feel similarly about AG coins. It's neat to ponder all the commercial transactions it went through as our country progressed, as well as who handled it.
@@swilliams937 Oh yeah that's neat, but what's better is pocket coins. Someone's companion for 40 years. Been at his wedding, all over the world on vacations, it spent more time with the guy than his own wife or kids. Pocket coins are like someone's 60 year old daily worn watch. It's like buying a piece of someone's life. I have a JOP counterstamped 1935 dollar in AG-3 and its one of the coolest looking coins in the collection. The fields are black and the portrait and all the letters are light grey. Perfect circulation cameo. Look up what a JOP dollar is if you don't know, lots of provenance.
Worth discussing. Along the road in the future is the key, especially if CAC’s ultra-conservative grading begins to make NGC & PCGS slabbed coins less respected or desirable.
The prices on CACG coins are extremely high right now. I feel like the current market for these is all hype. But you may be right about these being very coveted in the future
Fantastic video! I have been buying CACG coins since day one! People are still laughing at me, but I see the quality and don’t have to worry about how the coin looks. Thank you Daniel. Great video 😎🤙🏼
@@massabesicgoldandsilver NOOOOO! I knew by the lustre it was either a 48 or 49 coin and then I checked the cartwheel pattern on both dollar coins because by the rim denticles its not a quarter or half dollar and the detail looked so sharp figured it had to be a dollar. And the 49 cartwheels different than the 48 so I really thought I had it. It's a dime... wow! That's a really really good dime. The strike is extra sharp. The one thing that was throwing me off is that the rubber holder prongs didn't look dollar size. But I was convinced it wasn't a dime, it was too good. Apparently not.
@@TheWinstonDouble I wish I could afford the 1948 dollar, but I was able to afford the 48 dime and it is graded MS65 from PCGS. I was lucky to get it at a decent price. The nice thing about buying coins from Canada is I get a good exchange rate from the States. I like the toning on your 49. It is intriguing how many people I see on UA-cam using King George VI as their pic.
@@massabesicgoldandsilver A 48 dime in a 65 is still a good money coin! Mine is actually a 1951 high relief quarter, but thank you! I picked it specifically for the toning. I love black, green, & magenta coins. It's a pretty standard MS-64 coin. I'm always searching for the nicest cheapest example I can find for my type set. There's already huge rarities like the 1951 High Relief nickel as well as several others that are gonna be a pain to fill so everything else is gonna be good quality common dates.
🤫 Or you will spill the beans! (Green beans). Definitely a possibility to raise someone's return in future. I have been lucky enough to have a modest handful of stickered Morgan and Franklin's. Knew what they were but didn't have to pay a premium at time, Thank you as always, and may you and the family Have a Wonderful Christmas!
A topic worth discussing... Numerical grading was supposed to eliminate subjectivity. Clearly, it fails somewhat, as the assigned grade is as subject to opinion as the coin. When the process confines itself to the measurable (detectable cleaning, post-mint damage, artificial toning etc.) I'm ok with it.
From your videos the thing I see with CAC is that the do not like ANY change to the original luster of a coin and they will NOT accept even damage that occurred AT the mint. To me, mint state means that is the condition of the coin as it was leaving the mint...dings and scratches included.
The problem is prices. A small collector might have a ms68 fbl bugs Franklin, but it's a significant gamble to send it in. A miss completely wipes out the value for the owner. I've cracked out coins and sent them in again, sometimes it works but even then my cost/value crashes. There are probably exceptional coins out there that will never see the light of day. So sad.
I believe so. I have been trying to buy a complete set of 2023 cac graded coins. I have the 6 coin 2023 peace and morgan dollars and some silver eagle coins all graded by cacg ms70. First year for reverse proof peace and morgan dollars and first year cac offering their own graded holders.
As we've heard over and over, 'Buy the coin, not the holder'. That's true. I've seen slabbed coins with a grade of MS-60 through MS-63 which look like they've been through the ringer. And then I've seen EF and AU coins which look like they just came from the mint. Which would I add to my collection? If I collected that series I would buy the EF or AU coin.
Coin grading is subjective. If the grader is having a good day you may get lucky/lose out. If they are having a bad day you might get lucky/lose out. It is good and bad. You take your chances. Like Daniel said you can crack it out and send it to another company.
I totally understand the reasoning with CACG. I think there’s a good chance over time of them being as strong as PCGS or being the leader even. I feel like the love of hunting and collecting coins has been lost because of grading companies finding new reasons to say a coin is substantially worth more because of a label or anything else. Just like something from the US Mint that’s a highly sought after coin. Certain companies get their choice of ordering in bulk, sending them in for grading with a majority of MS-70 coins for sale before individual members placing their orders. The playing field doesn’t seem fair to me. I do respect everyone’s thoughts and opinions. We can agree to disagree. I really enjoy this site. Merry Christmas to everyone !
It’s not the sticker that makes the coin valuable, it’s the condition and mintage of the coin you own that determines rarity and value. We don’t need “more” coin grading services. What we need is ONE coin grading service that represents the hobby as a whole. It’s become too risky even buying certified coins now because of all of the conflicting grading companies. The hobby just keeps sinking further and further into the abyss.
Opinions and personal perceptions do not apply, the market is contradictory to your opinion and perceptions. The coin collecting hobby is thriving and competition like this creates more demand, hype and interest regardless if one likes it or not.
Do you think that some grading oversight will help tighten up the system ? I would like to see grades become more difficult to get , especially in higher grades. The more common they , more common they are. I think that part will bring the over value a a special coin down. But you are right and I've heard it before, it's the coin itself and it's characteristics that make the coin , not the slab
@@Michael-ec5zs we need one grading service that represents the hobby just to guarantee integrity and to prevent people from cracking coins out of slabs to send off to other grading companies in the hopes of getting a better grade. CAC just ruined the hobby even more by undercutting PCGS and NGC. If I were to go out and spend $26k on a NGC graded proof Morgan dollar, I’m now putting myself at risk because CAC, with its own grading policies, may not give the coin I bought the same proof designation that NGC did. You can have 5 common grading companies 3 or 4 of which may come back with different grades for the same coin. All these coin grading services can actually accomplish is to determine if your coin is genuine or not. The actual grade assigned to these coins should ideally come from only one source which is why the hobby needs to address this once and for all.
I believe that coin grading will soon be automatic. Coins will be scanned optically and each coin graded this way can have it's image saved on a database to prevent any deception.
I checked my coins and I don't have any with a CAC sticker. ☹ I like your idea, though. You can pick up CAC problem coins for cheaper, crack them open and send to PCGS to make a profit. But, I wonder how long that will last? Thanks for sharing, Daniel 👍
It's a much different situation than when CAC was first starting out. I don't see much opportunity to grab CACG coins at a bargain since they are already perceived as a premium opine.
Merry Christmas Dan to you and your family a Happy New Year my question is what do you think are going to be the 12th hottest coins for 2024 in your opinion thanks and keep up the great work Gary
Thank you Daniel! I was thinking of getting the CACG RP70 2023 Morgan and Peace. I have an NGC PR66 1904 5c and PCGS PR64 1904 25c each with a CAC green bean in my Meet Me In St. Louis collection. Also a PCGS MS65RD 1908-S 1c with the CAC green bean. Does the CAC gold bean mean it is actually considered by CAC to be a grade higher than what label states?🎄
I see your point about the opportunity. And I always say, “the opportunity of a lifetime must be seized during the lifetime of the opportunity.” But you also said it is a “game.” How can a gamed type environment in the grading community be good for the hobby?
This is killing the hobby. For me that is. It's always the things that aren't meant to be collectible that become collectible. In this case, it's collecting collectible certifications. This screws up the coin market because I just want the damn coin and now I gotta outbid some jackwagon who wants the hunk of plastic. Now the price rises overall in the books because of a rattler realising higher bids and the ones in the newer holders then get sold closer to that number because the books don't differentiate. That's gonna create a bubble that will eventually pop. People really need to learn how to grade the coins they collect. It's not that hard up to MS-65. I got an NGC coin from someone that wasn't worth the fees. It was the most obvious 63 I've ever seen and someone still sent it trying for a 64. Coulda resubbed it 100 times and you'd get a 63 on every one of them. "Buy the book before the coin, buy the coin not the holder" that's all going out the window. People have become way too reliant on these services and it's creating absurdities in the market. The way it should work is that standards get better, the companies improve upon themselves, and people will want to reholder the old coins to the better, newer upgraded holders and THAT makes them command a small premium. But no, it's completely backwards. The old holders command a huge premium, regardless if the grade is good or not, because the TPGs have fallen off in the eyes of collectors, but they're more popular than ever. Go figure. You see how that's not how any market should work? That's how it does work, but it shouldn't. People just playing loot box pack openings with grading services trying to inflate the price of the same coin. It's like way back when gold coins were just shipped out and traded for silver then the silver traded back to gold where the market favoured the exchange ratio. No goods are being traded, nothing is being produced. It's no way to run an economy. Just like how this is no way to run a collectibles market. It's paper shuffling stock manipulation. Stock manipulation is exactly what it is. Pretty soon they're gonna start slabbing the slabs and slabbing those until you got 6 feet of plastic between your eyes and the coin. The idea of "well thats what the market dictates" isn't always right. Sometimes the market is just wrong! The 2008 housing crisis... case and point. Currently you can resub the same coin 6 times till you get a higher grade and sell it for an extra 700 bucks in certain cases. Nobody EVER has their coin downgraded on a resub unless they crack it out themselves. PCGS won't bust your coin out and say "oh yeah we put that one too high, heres a new holder with a lower grade you didnt ask for." You see how this manipulates the market? AI grading will kill old certs because no longer is a conservative grade valued, the objective one will be. "This is exactly what it is, this is exactly what it's worth. This is the maximum guarantee of value possible." It is what will pop the bubble and reduce graded coin prices. And whatever company comes out with, and patents that technology is gonna be top dog on the market and everyone else is gonna be scat flinging monkeys from the stone age in collectors eyes. Thats my prediction anyway. We'll see what comes of it.
From what I’ve heard about CACG their grading standards are so conservative that a ASE graded MS70 or even PR70 by both NGC AND PCGS , if sent into CACG WOULD COME BACK AS a MS68 or even a PF68 and any natural tone would come back as questionable color. So I would rather send them in for a green jellybean or perhaps a very much sought after a gold jellybean then send it to them for an outright grading. Don’t ask me why because I have no idea what their grading standards are, all I do know is that they are a very conservative grading company.
I would like to be subjective on these different grading company's. Personally I think people have set their own standards for each of the grading company's adding a new one to the mixed throws theirs perceptive off. Now they have to deal with a new line of thought and find how to evaluate how hard and conservative this new company is really going to be. My opinion will be to send coins that you have and want to have graded in but I wouldn't send in the coins that you have already own that have already been graded until the new company have time to establish it self. I agree with you Daniel now is the time to buy up other graded coins because I believe that you will get coins that people will want to get rid of thinking they will be under value. I hope people will take care and time before they sell to see where the market will go. Thanks for the video Daniel and for all you do for the hobby.
I have an idea for a video/ experiment for you! Crack out those questionable coins from cac, resubmit and see how consistent cac is. Video/ document the whole process and release all videos after you get them back!
Sounds like PCGS is going to benefit the most from cac crackouts. A lot of people think PCGS are harsh graders, so these coins could actually end up as "cleaned" when resubmitted back to pcgs. Right or wrong, PCGS strikes again. lol😅
What is your opinion on high graded 2017 P cents? I have bags of mint state 2017p i hand picked perfect from bank rolls back in the day, is it a venture worth persuing?
You make a point, that it is more conservative. It needs to be! Coin grading is not a science, it's an opinion. I can see beginners saying, what did he just say? Too many heads don't mean I have to agree with them. What ever happened to buy the coin, not the holder?
Grading and selling there own coins is definitely a bit of a conflict of interest, there are story’s coming out , could just be sour grapes on the competitors behalf 😂
Just my thoughts, but I think CACG coins are already overbought and will return to a more normal baseline over time. Most coins I've seen sell in CACG plastic have done so for 20-50% over PCGS in the same grade. That doesn't scream buying opportunity to me. The reason CAC stickered coins offered an investment value is because the company was unknown at the time. You really can't say the same for CACG since they've been setting the market for several years now.
You missed some information. You can find some deals but I was also referring to buying problem coins in CACG holders that don’t appear to be a problem based on PCGS or NGC past grading practices.
I just paid $150 for a CACG MS65 common-date Morgan dollar at auction. That's surely not an excessive price. I think the coin is right in the middle of the grade in terms of quality. It's not overgraded, and it's not undergraded. I think I can flip that coin for a profit right now, but I'd rather keep it.
People will say I'm crazy but, I rarely buy graded coins. I would rather buy a coin that I like personally and take care of it. Some day, I might have a couple of them graded, but only because my collection will go to my Grandbabies. I just think the whole grading system is too expensive, and it's gotten to be a racket. Just my opinion, everyone else has there's and that's good with me. I like to pull my coins out and admire them with my Grandbabies. Hopefully they will keep it going when I'm gone some day..
Here's how you trick your grandkids into loving coins. You take good ones you already own and slip them in bank rolls. Then you go through them with the kiddos and let them "find" the good coin. But make it one you don't care about and let them sell it at the shop and convince them to spend the money on a nice proof coin. Or an 1881 S morgan in MS-64. Kids like large diameter perfect shiny coins. Morgans and proofs are really cool coins to kids in particular. The valuable nickel or whatever they found to get the trade in is boring to them as a kid, but the joy of trading up for a nice big piece from what cost them a nickel will give them a rush. That'll sow the seed for them to get into coins as time goes on.
@TheWinstonDouble that's a great idea! My collection is mostly Morgan Silver Dollars, but I also have a pretty big half dollar, Quarters, and dimes collection as well. So I have an idea on how to do it. Plus, I have an awesome coin shop out here in Tampa Fl. The guy is really nice and he will definitely play along. Thank you so much for the idea man!!
My dad passed away a couple of years ago and before he passed he told me to come and see him while my step mother was gone he passed his antique coin collection to me that day i want to keep most of it but the question i had to you should i trust the local coin shop to tell me the truth on what some of these pieces are worth he did it behind my step mothers back because he said she is a greedy no good woman and would take them to a pawn shop after he died sad he was married to a woman like that
I lost so much respect for CACG when they refused to allow ANACS for crossover, and now their decision to go backwards (conservative grading) in their grading standards.
Not going for the hard sale. Sorry, all companies are subjective grades and generally a waste of money grading, regarding, cracking out, paying for beanies. How is it wrong, human grading.
Coin grading companies have destroyed the hobby. Way, way too many categories for such a subjective endeavor. It’s just one big laughable mess. I don’t buy slabbed coins… I don’t have my coins graded by a third party. Screw that.
To the contrary, coin grading companies have bolstered and enhanced the hobby more than hurt it. It might be a crap shoot but it gives the small people or collectors a chance at getting their coins graded independently of coin dealers.
This could turn into a con, buy the sticker not the coin. Say you were at an auction 10 1878cc MS63 will be sold everyone will probably be a little different, a couple will have the green sticker, some won't that are just as good, people still up the price of those without, but there might be some 1878cc in ms64 that are roughly the same price and better than all the ms63's. CAC will just be another grading company, they'll get on the NYSE and ANACS will still be there so I look at it as just more competition. Maybe they should change a grade to more numbers like MS63.625 OR MS63.1278. Then AI can grade a program made by a person to find an exact price and why. I've never bought a cac sticker, but I've gone up a grade.CAC wants to grade ALL coins.
Everything you saying is cool EXCEPT the fact normal people cant get their coins graded by CAC. ITS BEEN PROVEN THEY DONT LIKE THEBPUBLIC, just their friends and personal dealers and certain relationships. I dont care for their holder unless thyley completely open up to the public and they become a public standard. Period.
The biggest problem I have with grading is there's no such thing as a perfect coin. No 70.. If you want to grade a coun a 70 ,give it a 69++ or whatever. Just a peevee
It should not be that noticeable that this company is under grading coins that is not a good thing to me it’s makes this already confusing market even that more confusing this is almost getting to be like stamps people are going to ruin this hobby with all this crap coins should be able to graded fairly it’s not that hard use a little common sense and little thinking
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Thanks Daniel!!!!!
Daniel, great points to which I entirely agree. I am not convinced however that certain submitters don't enjoy advantages on their grading submissions. I also do not like that some of the "principals" at them also deal in coins. I have seen some rather "strange" occurrences with the same coins being submitted from different sources getting different grades - I will leave it at that. Also, many times and esp with foreign coins they get the attributions wrong even when documenting evidence is provided with the submission. Anyway, your points are well taken and want to thank you for all you do.
Great insight Daniel. I found that you may be the only one on UA-cam speaking on this topic. I agree with you. Fantastic video!!!!!!!!!
Thanks Daniel. Thought provoking. I've never looked much at CAC stickered coins in the past and only bought a few along the way. CAC is ultra conservative. I need to keep my eye on these stickered coins.
Love your opinion and agree with it. You're a smart man and a wealth of knowlege...much of which is commonsense. Thanks for sharing.
I see comments on this video regarding collector's thoughts about coin grading. But regardless of how we all feel about the coin grading companies the truth is that the market sets the value for coins graded by the different companies. Nothing wrong with trying to make a bit of money by working the system. Especially since there is risk involved.
If ANACS would make a nicer looking slab. I think they have a shot at moving in on this as well. I think there grading has been much better lately.
Actually ANACS was one of the first grading services around but they were so conservative in their grading that people went to PCGS & NGC for a better grade and thus a higher price for the coin. Now ANACS was basically badmouth to the industry that people were no longer interested in using them. They are still one of the best coin grading companies because because of the smear campaign they are still regarded as a substandard grading company. I use ANACS to grade some of my coins and the others for a quick turnaround and a more recognizable company.
@@jimmycapps7263 Anacs has some great coins. There's some gems to be found in those holders.
Something to consider also is that CAC completely ignores the Plus grade when stickering. So if you get a coin that's MS65+ with CAC, they're really just calling it a choice MS65, which is essentially being redundant since that's what a Plus grade should be anyway. You can confirm this by looking up the CAC registry, they never include the Plus. However, a Plus grade often commands a higher price than a base grade with CAC sticker, so getting a gem graded coin from CACG could be quite the find at a relatively decent price (for now)
I’ll definitely be keeping an eye out for CAC graded coins at the next show I attend, although I generally enjoy the hobby more when looking for/through raw coins.
Raw coins are where the deals are found. Great way to train your eye and become a really sharp collector! Takes guts and wits but man is it a rush! Like going from blackjack to poker.
I couldn't agree more. I cherrypicked a 1921-D Morgan out of a lot of 1921-Ds which looked like a really nice Prooflike. I didn't pay a premium for the coin. 1921s in Prooflike are extremely scarce. So I sent it to ANACS, hoping to get the PL designation. Well, it came back as an MS-64, but without the PL designation. The remark from ANACS was, 'Insufficient depth of mirrors for the PL designation'. What does that mean? Is it Semi-Prooflike? Should I send it in to NGC or PCGS for their opinion? I've had local experts tell me it is definitely a Prooflike. It isn't the difference in monetary value, although there's an approximately a $3,000 difference in value. I told one of the dealers who is really interested in the coin that I would be willing to trade for an 1889-CC or the 1893-P, O and CC in VF or better condition. That aside, I would just like an accurate grade. I'm going to try and post the coin for an opinion.
Big like 580! Excellent video and thank you so much for sharing!
Great video. Checked your site and was pleases with both the site and the pricing.
Looking forward to the New Year and purchasing items you have offered.
Trusted Source is a must for me. TY Happy Christmas
I've got a few coins with the green bean sticker on them. I bought each one from PCC. Those coins for sure are choice for the grade, and I'm proud to have them in my collection.
Thanks for this Christmas Gift of insight! This buyer has heard every word.
I don't know what to think of the new CAC. You have a good point.
My first purchase in a CACG holder was a 95-S Morgan in AG3. Solid for the grade, and no extra cost compared to those sitting in PCGS and NGC holders. (Just wanted to knock off that year as inexpensively as possible. 😅)
Well there's no opinion when it comes to AG really. An AG is getting AG every time almost. I actually really like AG coins. They have the most amount of wear before it just becomes sad. Like an FR-2 is "oh I can almost appreciate it 😢"
I definitely agree. And I feel similarly about AG coins. It's neat to ponder all the commercial transactions it went through as our country progressed, as well as who handled it.
@@swilliams937 Oh yeah that's neat, but what's better is pocket coins. Someone's companion for 40 years. Been at his wedding, all over the world on vacations, it spent more time with the guy than his own wife or kids. Pocket coins are like someone's 60 year old daily worn watch. It's like buying a piece of someone's life. I have a JOP counterstamped 1935 dollar in AG-3 and its one of the coolest looking coins in the collection. The fields are black and the portrait and all the letters are light grey. Perfect circulation cameo. Look up what a JOP dollar is if you don't know, lots of provenance.
Worth discussing. Along the road in the future is the key, especially if CAC’s ultra-conservative grading begins to make NGC & PCGS slabbed coins less respected or desirable.
If that even happens.
I just stack bullion, but I really like watching videos about coin collecting.
Hmmm…. Good question. I bought one of the new CAC slabs. They are well done in my opinion.
The prices on CACG coins are extremely high right now. I feel like the current market for these is all hype. But you may be right about these being very coveted in the future
Very good thought on the CAC graded coins. 👍🏻
Super interesting discussion.
Fantastic video! I have been buying CACG coins since day one! People are still laughing at me, but I see the quality and don’t have to worry about how the coin looks. Thank you Daniel. Great video 😎🤙🏼
PLEASE let me know if your profile picture is the obverse of a 1949 Canadian silver dollar? I'm 90% sure I have it right.
@@TheWinstonDouble so close! 🇨🇦 It is my own 1948 dime, but I do have a 1949 dollar too. The 49 dollar is one of my favorites. 😎🤙🏼
@@massabesicgoldandsilver NOOOOO! I knew by the lustre it was either a 48 or 49 coin and then I checked the cartwheel pattern on both dollar coins because by the rim denticles its not a quarter or half dollar and the detail looked so sharp figured it had to be a dollar. And the 49 cartwheels different than the 48 so I really thought I had it. It's a dime... wow! That's a really really good dime. The strike is extra sharp. The one thing that was throwing me off is that the rubber holder prongs didn't look dollar size. But I was convinced it wasn't a dime, it was too good. Apparently not.
@@TheWinstonDouble I wish I could afford the 1948 dollar, but I was able to afford the 48 dime and it is graded MS65 from PCGS. I was lucky to get it at a decent price. The nice thing about buying coins from Canada is I get a good exchange rate from the States. I like the toning on your 49. It is intriguing how many people I see on UA-cam using King George VI as their pic.
@@massabesicgoldandsilver A 48 dime in a 65 is still a good money coin! Mine is actually a 1951 high relief quarter, but thank you! I picked it specifically for the toning. I love black, green, & magenta coins. It's a pretty standard MS-64 coin. I'm always searching for the nicest cheapest example I can find for my type set. There's already huge rarities like the 1951 High Relief nickel as well as several others that are gonna be a pain to fill so everything else is gonna be good quality common dates.
🤫 Or you will spill the beans! (Green beans). Definitely a possibility to raise someone's return in future. I have been lucky enough to have a modest handful of stickered Morgan and Franklin's. Knew what they were but didn't have to pay a premium at time, Thank you as always, and may you and the family Have a Wonderful Christmas!
Good stuff to consider thanks for the heads up
A topic worth discussing... Numerical grading was supposed to eliminate subjectivity. Clearly, it fails somewhat, as the assigned grade is as subject to opinion as the coin. When the process confines itself to the measurable (detectable cleaning, post-mint damage, artificial toning etc.) I'm ok with it.
From your videos the thing I see with CAC is that the do not like ANY change to the original luster of a coin and they will NOT accept even damage that occurred AT the mint. To me, mint state means that is the condition of the coin as it was leaving the mint...dings and scratches included.
The problem is prices. A small collector might have a ms68 fbl bugs Franklin, but it's a significant gamble to send it in. A miss completely wipes out the value for the owner. I've cracked out coins and sent them in again, sometimes it works but even then my cost/value crashes. There are probably exceptional coins out there that will never see the light of day. So sad.
I believe so. I have been trying to buy a complete set of 2023 cac graded coins. I have the 6 coin 2023 peace and morgan dollars and some silver eagle coins all graded by cacg ms70. First year for reverse proof peace and morgan dollars and first year cac offering their own graded holders.
Merry Christmas and thanks again, Daniel. That "coin" was only 1g, well below what it should of weighed.
As we've heard over and over, 'Buy the coin, not the holder'. That's true. I've seen slabbed coins with a grade of MS-60 through MS-63 which look like they've been through the ringer. And then I've seen EF and AU coins which look like they just came from the mint. Which would I add to my collection? If I collected that series I would buy the EF or AU coin.
Good video Daniel, have a blessed holiday!
Coin grading is subjective. If the grader is having a good day you may get lucky/lose out. If they are having a bad day you might get lucky/lose out. It is good and bad. You take your chances. Like Daniel said you can crack it out and send it to another company.
Great content Daniel. Have a Merry Christmas
I totally understand the reasoning with CACG. I think there’s a good chance over time of them being as strong as PCGS or being the leader even. I feel like the love of hunting and collecting coins has been lost because of grading companies finding new reasons to say a coin is substantially worth more because of a label or anything else. Just like something from the US Mint that’s a highly sought after coin. Certain companies get their choice of ordering in bulk, sending them in for grading with a majority of MS-70 coins for sale before individual members placing their orders. The playing field doesn’t seem fair to me. I do respect everyone’s thoughts and opinions. We can agree to disagree. I really enjoy this site. Merry Christmas to everyone !
Thanks for another informative video.Wishing you a very Merry Christmas 🎄Daniel.
Now that CAC is grading. Im now taking orders for my self proclaimed expert opinion. No more bean it will now be a nice color diamond shape...
Interested in seeing how this all plays out, but that's some thought provoking info. Thanks!
I'm allready seeing a 20% increase.
I was looking for Walking Half Proof, non-1942. CAC Holder coins are $200 more.
what are the CAC Problem coins selling for? Your buddy sure got wacked on his CAC submission (recent video). Cheers & Merry Christmas to you! 🤠
Talking about Ben?
It’s not the sticker that makes the coin valuable, it’s the condition and mintage of the coin you own that determines rarity and value. We don’t need “more” coin grading services. What we need is ONE coin grading service that represents the hobby as a whole. It’s become too risky even buying certified coins now because of all of the conflicting grading companies. The hobby just keeps sinking further and further into the abyss.
Opinions and personal perceptions do not apply, the market is contradictory to your opinion and perceptions. The coin collecting hobby is thriving and competition like this creates more demand, hype and interest regardless if one likes it or not.
Do you think that some grading oversight will help tighten up the system ? I would like to see grades become more difficult to get , especially in higher grades. The more common they , more common they are. I think that part will bring the over value a a special coin down.
But you are right and I've heard it before, it's the coin itself and it's characteristics that make the coin , not the slab
@@Michael-ec5zs we need one grading service that represents the hobby just to guarantee integrity and to prevent people from cracking coins out of slabs to send off to other grading companies in the hopes of getting a better grade. CAC just ruined the hobby even more by undercutting PCGS and NGC. If I were to go out and spend $26k on a NGC graded proof Morgan dollar, I’m now putting myself at risk because CAC, with its own grading policies, may not give the coin I bought the same proof designation that NGC did. You can have 5 common grading companies 3 or 4 of which may come back with different grades for the same coin. All these coin grading services can actually accomplish is to determine if your coin is genuine or not. The actual grade assigned to these coins should ideally come from only one source which is why the hobby needs to address this once and for all.
Albanese has his sticky little finger in nearly every grading company 😂
Grading competition is good for the market, grading costs and grading processing times. But I agree its really about the coin at the end of the day.
I believe that coin grading will soon be automatic. Coins will be scanned optically and each coin graded this way can have it's image saved on a database to prevent any deception.
I'm an NGC guy myself......I've actually been seeing a lot of complaints about PCGS lately....from their grading to their customer service.
Good thought. I get what you’re saying.
Interesting, educational, coin collecting video. I signed up, could be worth it.
No, they do not follow the same standard and why I just did this video, it answers that question. At least I thought it did.
Most people with waste their money cuz you got to be very good at grading and knowing what you're doing when you send them off
I checked my coins and I don't have any with a CAC sticker. ☹
I like your idea, though. You can pick up CAC problem coins for cheaper, crack them open and send to PCGS to make a profit. But, I wonder how long that will last?
Thanks for sharing, Daniel 👍
It's a much different situation than when CAC was first starting out. I don't see much opportunity to grab CACG coins at a bargain since they are already perceived as a premium opine.
You have to shop around but you can get deals on them.
Graded coin pops are going to increase substantially.
thanks love the info
Merry Christmas Dan to you and your family a Happy New Year my question is what do you think are going to be the 12th hottest coins for 2024 in your opinion thanks and keep up the great work Gary
Thank you Daniel! I was thinking of getting the CACG RP70 2023 Morgan and Peace. I have an NGC PR66 1904 5c and PCGS PR64 1904 25c each with a CAC green bean in my Meet Me In St. Louis collection. Also a PCGS MS65RD 1908-S 1c with the CAC green bean. Does the CAC gold bean mean it is actually considered by CAC to be a grade higher than what label states?🎄
Exceptional for the grade is how I understand it.
@@CoinHELPu
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I'm fine with PCGS & NGC . CAC wants to be Top Dog so I agree Daniel 100%
Hi sir,I just want to know how much is gold coin........pls answer asap pls
Thanks Daniel!
so getting a toned grade from CAC is going to be something special... that is if they classify toned coins.
I see your point about the opportunity. And I always say, “the opportunity of a lifetime must be seized during the lifetime of the opportunity.” But you also said it is a “game.” How can a gamed type environment in the grading community be good for the hobby?
It’s always been a game and the hobby is thriving. Casinos and coins have been at it for well over a hundred years.
I have one CAC slab,to me it's a nice bonus but not everything I still buy the coin.
This is killing the hobby. For me that is. It's always the things that aren't meant to be collectible that become collectible. In this case, it's collecting collectible certifications. This screws up the coin market because I just want the damn coin and now I gotta outbid some jackwagon who wants the hunk of plastic. Now the price rises overall in the books because of a rattler realising higher bids and the ones in the newer holders then get sold closer to that number because the books don't differentiate. That's gonna create a bubble that will eventually pop. People really need to learn how to grade the coins they collect. It's not that hard up to MS-65. I got an NGC coin from someone that wasn't worth the fees. It was the most obvious 63 I've ever seen and someone still sent it trying for a 64. Coulda resubbed it 100 times and you'd get a 63 on every one of them. "Buy the book before the coin, buy the coin not the holder" that's all going out the window. People have become way too reliant on these services and it's creating absurdities in the market. The way it should work is that standards get better, the companies improve upon themselves, and people will want to reholder the old coins to the better, newer upgraded holders and THAT makes them command a small premium. But no, it's completely backwards. The old holders command a huge premium, regardless if the grade is good or not, because the TPGs have fallen off in the eyes of collectors, but they're more popular than ever. Go figure. You see how that's not how any market should work? That's how it does work, but it shouldn't. People just playing loot box pack openings with grading services trying to inflate the price of the same coin. It's like way back when gold coins were just shipped out and traded for silver then the silver traded back to gold where the market favoured the exchange ratio. No goods are being traded, nothing is being produced. It's no way to run an economy. Just like how this is no way to run a collectibles market. It's paper shuffling stock manipulation. Stock manipulation is exactly what it is. Pretty soon they're gonna start slabbing the slabs and slabbing those until you got 6 feet of plastic between your eyes and the coin. The idea of "well thats what the market dictates" isn't always right. Sometimes the market is just wrong! The 2008 housing crisis... case and point. Currently you can resub the same coin 6 times till you get a higher grade and sell it for an extra 700 bucks in certain cases. Nobody EVER has their coin downgraded on a resub unless they crack it out themselves. PCGS won't bust your coin out and say "oh yeah we put that one too high, heres a new holder with a lower grade you didnt ask for." You see how this manipulates the market? AI grading will kill old certs because no longer is a conservative grade valued, the objective one will be. "This is exactly what it is, this is exactly what it's worth. This is the maximum guarantee of value possible." It is what will pop the bubble and reduce graded coin prices. And whatever company comes out with, and patents that technology is gonna be top dog on the market and everyone else is gonna be scat flinging monkeys from the stone age in collectors eyes. Thats my prediction anyway. We'll see what comes of it.
From what I’ve heard about CACG their grading standards are so conservative that a ASE graded MS70 or even PR70 by both NGC AND PCGS , if sent into CACG WOULD COME BACK AS a MS68 or even a PF68 and any natural tone would come back as questionable color. So I would rather send them in for a green jellybean or perhaps a very much sought after a gold jellybean then send it to them for an outright grading.
Don’t ask me why because I have no idea what their grading standards are, all I do know is that they are a very conservative grading company.
Hi I have been tryin find a rep to try sell my old coins I have 1910 no ment wheat penny and a 1907 Indian head penny a 1916 and other ones plz reply
I would like to be subjective on these different grading company's. Personally I think people have set their own standards for each of the grading company's adding a new one to the mixed throws theirs perceptive off. Now they have to deal with a new line of thought and find how to evaluate how hard and conservative this new company is really going to be. My opinion will be to send coins that you have and want to have graded in but I wouldn't send in the coins that you have already own that have already been graded until the new company have time to establish it self. I agree with you Daniel now is the time to buy up other graded coins because I believe that you will get coins that people will want to get rid of thinking they will be under value. I hope people will take care and time before they sell to see where the market will go. Thanks for the video Daniel and for all you do for the hobby.
How do I send a coin just like that 1922 peace to get a grade
I have an idea for a video/ experiment for you! Crack out those questionable coins from cac, resubmit and see how consistent cac is. Video/ document the whole process and release all videos after you get them back!
You going to pay for it? Also, these are not my coins.
@@CoinHELPuJust an idea
I purchase Graded Coins and raw coins, I'm more interested in the coins, not the holders.
Great Video. Have a Great Holiday and remember Jesus is the reason for the season.
Sounds like PCGS is going to benefit the most from cac crackouts. A lot of people think PCGS are harsh graders, so these coins could actually end up as "cleaned" when resubmitted back to pcgs. Right or wrong, PCGS strikes again. lol😅
What is your opinion on high graded 2017 P cents? I have bags of mint state 2017p i hand picked perfect from bank rolls back in the day, is it a venture worth persuing?
Only you can answer that.
You can ask for help here coinauctionshelp.com/welcome-to-coinhelpu-community/?amp=1
A wise answer Padamae
Copper and too many minted
I think CAC is too conservative. After watching your other cac video, I would never send a toned coin to cac.
You make a point, that it is more conservative. It needs to be! Coin grading is not a science, it's an opinion. I can see beginners saying, what did he just say? Too many heads don't mean I have to agree with them. What ever happened to buy the coin, not the holder?
Grading and selling there own coins is definitely a bit of a conflict of interest, there are story’s coming out , could just be sour grapes on the competitors behalf 😂
Just my thoughts, but I think CACG coins are already overbought and will return to a more normal baseline over time. Most coins I've seen sell in CACG plastic have done so for 20-50% over PCGS in the same grade. That doesn't scream buying opportunity to me.
The reason CAC stickered coins offered an investment value is because the company was unknown at the time. You really can't say the same for CACG since they've been setting the market for several years now.
You missed some information. You can find some deals but I was also referring to buying problem coins in CACG holders that don’t appear to be a problem based on PCGS or NGC past grading practices.
I just paid $150 for a CACG MS65 common-date Morgan dollar at auction. That's surely not an excessive price.
I think the coin is right in the middle of the grade in terms of quality. It's not overgraded, and it's not undergraded.
I think I can flip that coin for a profit right now, but I'd rather keep it.
👍👍👍👍👍😀
Buy the ones they strait grade
CaC DEFINITELY frowns upon toned coins.. You'll get a a couple points taken off, it seems, when CaC grades toned coins
I eat this stuff up Daniel
Grade your own
No one pays much for self graded coins.
@@CoinHELPuexcept for the ones for sale at coin shops😆
It's. a good. idea. it's. cool.
Yes I have a 1938 Jefferson nicke
THANK YOU SHARING FOR YOUR NEVER- ENDING SEARCH FOR KNOWLEDGE " Honest DAN" WE WISH YOU AND YOURS A SAFE AND JOYFUL HOLIDAYS -- Mrs. Kangaroo Dave
Too much switching in editing for my taste
I really wish that CAC would just stick to the "sticker" game...remain neutral. I haye thst they're now competing against the other grading companies.
People will say I'm crazy but, I rarely buy graded coins. I would rather buy a coin that I like personally and take care of it. Some day, I might have a couple of them graded, but only because my collection will go to my Grandbabies. I just think the whole grading system is too expensive, and it's gotten to be a racket. Just my opinion, everyone else has there's and that's good with me. I like to pull my coins out and admire them with my Grandbabies. Hopefully they will keep it going when I'm gone some day..
Here's how you trick your grandkids into loving coins. You take good ones you already own and slip them in bank rolls. Then you go through them with the kiddos and let them "find" the good coin. But make it one you don't care about and let them sell it at the shop and convince them to spend the money on a nice proof coin. Or an 1881 S morgan in MS-64. Kids like large diameter perfect shiny coins. Morgans and proofs are really cool coins to kids in particular. The valuable nickel or whatever they found to get the trade in is boring to them as a kid, but the joy of trading up for a nice big piece from what cost them a nickel will give them a rush. That'll sow the seed for them to get into coins as time goes on.
@TheWinstonDouble that's a great idea! My collection is mostly Morgan Silver Dollars, but I also have a pretty big half dollar, Quarters, and dimes collection as well. So I have an idea on how to do it. Plus, I have an awesome coin shop out here in Tampa Fl. The guy is really nice and he will definitely play along. Thank you so much for the idea man!!
@@KtoddN Hahaha no worries, psychologically manipulating kids into liking coins is my favourite part of the hobby 😄
CAC is not accepting new members. If there is any profit to be made, it will be made by the existing insiders, not the hobbyists. Screw ‘em.
They have a waiting list
My dad passed away a couple of years ago and before he passed he told me to come and see him while my step mother was gone he passed his antique coin collection to me that day i want to keep most of it but the question i had to you should i trust the local coin shop to tell me the truth on what some of these pieces are worth he did it behind my step mothers back because he said she is a greedy no good woman and would take them to a pawn shop after he died sad he was married to a woman like that
Just get an appraisal and get more than one. I can’t tell if a coin dealer is honest that I don’t know, but why would he lie?
Ahhhhh yes. CAC is back, giving full validation to real coins...
Just another gimmick to sell coins... CAC
Don’t like their holders , I stick with cac on pcgs .
I lost so much respect for CACG when they refused to allow ANACS for crossover, and now their decision to go backwards (conservative grading) in their grading standards.
Thanks, but no thanks.
Not going for the hard sale. Sorry, all companies are subjective grades and generally a waste of money grading, regarding, cracking out, paying for beanies. How is it wrong, human grading.
I thought NGC was currently leading the pack…
Nope, not market wise.
Coin grading companies have destroyed the hobby.
Way, way too many categories for such a subjective endeavor.
It’s just one big laughable mess.
I don’t buy slabbed coins… I don’t have my coins graded by a third party. Screw that.
To the contrary, coin grading companies have bolstered and enhanced the hobby more than hurt it. It might be a crap shoot but it gives the small people or collectors a chance at getting their coins graded independently of coin dealers.
This could turn into a con, buy the sticker not the coin. Say you were at an auction 10 1878cc MS63 will be sold everyone will probably be a little different, a couple will have the green sticker, some won't that are just as good, people still up the price of those without, but there might be some 1878cc in ms64 that are roughly the same price and better than all the ms63's. CAC will just be another grading company, they'll get on the NYSE and ANACS will still be there so I look at it as just more competition. Maybe they should change a grade to more numbers like MS63.625 OR MS63.1278. Then AI can grade a program made by a person to find an exact price and why. I've never bought a cac sticker, but I've gone up a grade.CAC wants to grade ALL coins.
Everything you saying is cool EXCEPT the fact normal people cant get their coins graded by CAC. ITS BEEN PROVEN THEY DONT LIKE THEBPUBLIC, just their friends and personal dealers and certain relationships. I dont care for their holder unless thyley completely open up to the public and they become a public standard. Period.
You don’t have to submit, that’s not what my video is about. My video is about buying the already graded coins and problem coins.
Im not supporting a regulator.
You do it all the time. Anytime you buy anything, gas, groceries, you’re supporting the regulatory. Pride lol
The biggest problem I have with grading is there's no such thing as a perfect coin. No 70.. If you want to grade a coun a 70 ,give it a 69++ or whatever. Just a peevee
It should not be that noticeable that this company is under grading coins that is not a good thing to me it’s makes this already confusing market even that more confusing this is almost getting to be like stamps people are going to ruin this hobby with all this crap coins should be able to graded fairly it’s not that hard use a little common sense and little thinking