Look What CAC Grading Company Did To PCGS & NGC Graded Coins

Look What CAC Grading Company Did To PCGS & NGC Graded Coins

[CoinHELPu]

Look What CAC Grading Company Did To PCGS & NGC Graded Coins

[josepchwill]

I have a submission that is ready to go for CAC grading, however, upon watching this, I think I will switch it to PCGS.

Thanks for the video.

[j.sayler]

Years ago, when ANACS was the only grading company and gave photo certificates, they assigned a grade but on the back of the certificate listed the different grading opinions of all the graders who saw a coin. That was more accurate: Grading is merely an educated OPINION, helpful but not the final word.

[MadMayorZag]

Anyone can nitpick and use higher standards for lower grades but the whole purpose of grading is to adhere to widely accepted criteria. Using stricter criteria isn’t helping the hobby at all. This extremely helpful video has officially scared me away from ever using CAC.😮

[donaldosborne]

Thank you Daniel for letting the general public know how tough CAC is. Back when it started JA had a good thing going with the green sticker of acceptance of the grade. They should have just stuck to that because now you just made the video of some high dollar coins reduced to 25% of its value hence the 21 peace. My advise to the public go to your local dealer and ask their opinion on weather to grade the coin or not and find what service is best for the coin for the price.

[AttorneySteve]

Having a standardized grading that no coin can deviate from is probably the smartest thing I've heard about coin grading...ever

[mackmanson]

I agree with you Daniel, AI will and probably would be a better fit for grading our collection. We spend a ton with Pcgs, Ngc, and Cac. Who's to say those graders aren't having a bad day when grading our item's! I would trust "YOUR" grading before trusting Pcgs and the others, for I've been following you for some time now and you are 100% HONEST AND FAIR! Thank you so much for all your hard work and informative important information. God bless...

[seanoconnor]

Great video. Maybe people will start to realize that paying hundreds of dollars more because of a number decided by a random guy on a random day is ridiculous..

[Stackinginvestments]

The perfect example of "Buy the Coin, NOT the Holder or Grade". The Green or Gold Bean sticker is coveted at a Premium to collectors, yet all 4 companies can't agree on grades most of the time. It's not that CAC doesn't like toned coins, as I have several toned slabbed coins with the CAC green bean sticker. This situation presented is also another reason why I prefer RAW coins for my collections. This problem exists with other graded collectables as well.

[constitutionaljb]

A lot guestional submissions in that lot, as a collector I appreciate the value CAC has brought to the market by weeding out the guestionable coins that the bigger graders are pushing thru, ther been inconsistencies with pcgs and ngc I prefer tighter standards as a collector.

[joshpointoh]

I would assume NGC and PCGS are loving this. People say more competition is good for the consumer, but this will just drive up coin prices.

More crack outs, more regrades, more money spent on grading the same coin.

TPG aren't going to discount their service, dealers aren't going to eat the cost, so it will just drive up the costs of graded coins.

I'm no coin expert, I could be wrong, but that's what it looks like to me.

There's a small chance it could backfire and drive more people to ungraded, but probably not.

I personally prefer ungraded. Collecting slabbed coins is like sex with a condom. Sure, it's safer, but if you want to actually feel it, you have to get hands-on.


The only reason I like them is for coins I want to be sure are authentic. I've bought a few NGC graded Roman coins to be sure they weren't fake, and broke them out of their slab when I got them. Especially for ancient, holding the history in your hand is part of the appeal

[martinjay]

Thank you so much for this video. I had a representative from Heritage recommend I send an expensive proof coin to CAC to enhance its value with its sticker before selling. I will not even consider it now

[jamesgoss]

I laughed at those 70s that got bumped down to 68. I've seen so many of those bulk submission silver eagles getting a rubber stamp MS70 grade, often with minor stains that were ignored. That grade is handed out way too much for modern coins

[cjohnson]

I can't figure out why someone would try to cross NGC / PCGS coins to CACG? A new company without a track record to review. I'll keep mine as is! THanks for the info.

[samsmobilepressurewashing]

Copper scares me for reasons like this. The 1921 peace dollar was robbery in MS-63 is around $1, 000. It's probably safe to say the dealer lost over $1, 000 in value. I feel bad for the guy

[Hotshotz-]

Thank you for this video. The topics you post are great. I always learn something new. Keep the videos coming and Merry Christmas to you and family.

[mjanovec]

Cracking questionable coins out of straight-graded PCGS and NGC holders is a fool’s game. Even more foolish is to crack out MS70 coins. What are they hoping for? MS71? How much money was wasted on downgrading these coins? Is CACG too strict? Possibly. But I’d rather have these coins in PCGS and NGC holders anyway, as the market for coins they’ve graded is well established.

Be careful what you wish for with AI grading. The software may end up being just as strict (perhaps more so) than CACG. When your AI-graded coins all come back with details grades, you may suddenly miss the human equation in coin grading.

[marymastromauro]

Hi Daniel, I always enjoy watching your videos, they are very informative.

[flower]

The problem with "environmental damage" is that each grading company will have it's own idea of what is unacceptable and what is not. The problem I see with that is 2 collectors who never messed with their coins but had different environments in which they stored their coins could have 2 completely different results after many years of storage. So one coin is worth $200 and one coin is worth $2000 and neither coin has ever been altered. Same with minor scratches that can only be seen at a certain angle. Just lower that coin a grade. A details grade is just too harsh.

[frankmons]

CAC trying to make a statement? It might backfire on them…