A quick CAC update from our latest collector coin submission: Invoice #10100765; 19 for 20 green stickers; no gold stickers. I’ll take 95% any day. And these aren’t cheap coins; an 1856 Flying Eagle Cent; a Proof-65 No Motto Quarter; (5) early US gold pieces including scarcer dates in MS-64 to MS-67 grades; all CAC’s but one. We feel this is significant because the whole premise behind CAC is Premium Quality for grade, which we have advocated since our inception. Now it’s not just us saying we strive for the best, it’s being independently verified.
Between show or ads, I like to send in a mix of our collector inventory coins, with a few of our wholesale coins sprinkled in to CAC. Wholesale coins are pieces we feel are not P.Q. for the grade and not worthy for retail consideration. In the past, when we have sold wholesale pieces to dealers, we have seen many posted as P.Q. in other company inventories. Our technical grading combined with eye-appeal and originality means we ascribe to a higher standard. We’ve been singing this song for decades so CAC verification was a logical service for us to support. Please find our last 3 CAC Invoices and results as follows:
I know the industry average for getting a CAC sticker on coins is pretty low for most dealers. Recently we heard of a 60 coin submission of which only two coins got stickered. CAC will only affix a sticker to a coin if they feel it is at the high end of the grade spectrum. Then they will affix a small green sticker to the right front of the holder. In very rare cases, if they feel a coin is under graded, they will affix a gold sticker to the holder. The gold sticker means that they feel the grade is 1-point higher than on the current holder and will pay the next grade price for the coin. Recently on a slow day, I picked out of our inventory 18 coins to submit. The submission form is for 20 coins so I picked out a couple of our wholesale coins to fill in the gap. Here are the results:
Both wholesale coins did not CAC. 15 of 16 collector coins received a green sticker and two coins received a gold sticker. So our retail coins actually went 17 for 16. Fifteen green stickers and 2 gold stickers which in essence are like two-pointer upgrades. Not bad at all from a percentage standpoint.
Someday we would love an opportunity to sell you some nice original coins. Please call or e-mail to see the RCNH difference.
What do the Just For Fun, Land of Smiles and Walter Freeman have in common?
They are all record setting eye-popping, unbelievable coin collections that RCNH had a major hand in assembling.
How would you like to have a group of numismatists working on your behalf that have made a mark in numismatic history! Just give us a call or e-mail to make it happen. All these recently sold collections you can view in the auction archives of Stacks/Bowers as well as Heritage.
We hope to hear from you!
We are very blessed to work at our hobby and don’t take it lightly to be stewards of the numismatic field. It can be frustrating to see long time clients that get impatient and get sold a bill of goods but that can happen in any field. Our stance of “buying the coin and not the holder” along with “quality doesn’t cost it pays,” are what we believe. It is a nice feeling to be trusted to provide great value, beauty and future demand by selling the nicest coins in the industry.