Sunday, December 15, 2024

JR Newsletter: 15 December 2024 (651)

On the ongoing discussion of CAC Grading …

 

 James Higby wrote:

 

For the record, I own a few "green-beaned" coins.  I did not purchase them for the beans.  I purchased them for being the grades assigned by PCGS and NGC as I interpret them.  Each and every time that I take out a slabbed coin for a new look, I say to myself that yes, it is the grade assigned.  No, it is not any better than the grade assigned if a bean is present.  Obviously, the person who had the coin beaned thought differently and paid extra to prove his hypothesis - to himself.  That's his privilege.  But once that same coin is in my collection I can call it anything I want.  That's my privilege.  Thanks for listening.  End of rant.

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Sean Kelly wrote:

 

A bravura performance by Brad Karoleff.  I might add two things: CACG will combine orders into one return box, saving on shipping/insurance costs and reducing instances of risk by putting multiple boxes in the ether. CACG registry will allow other holders, thus obviating the need to cross everything to their slabs.

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John Bailey wrote:

 

Brad,

Your comments on third party grading and the CAC seal of approval are spot on.

CAC is like asking for a second opinion. That’s never a bad idea in coins or anything else in life.

The fact that long time collectors push back on this is only natural. People do not like change.

That said PCGS, NGC & CAC are now the market standard for U.S. coins. Personally, all my coins are slabbed and stickered.

At this point I only buy coins that are already slabbed and stickered.

 

John D. Bailey

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Also, Steve Herrman wrote on a completely different topic:

 

The new, December 2024 revision of Auction Prices Realized for Early Silver Dollars 1794-1803, Number 6, is now available. The availability of printed copies is limited. $3 is donated to JRCS for each copy sold.

 

Printed copies are $40 postpaid via Media Mail

PDF format copies are $28 via Email

Both printed and PDF format copies are $46

 

Please contact Steve Herrman at herrman102(at)aol.com

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From the Editor:


I recently read on Facebook that Bill Luebke passed away on August 23, 2024. Many may not know or recall that Bill initiated "JR News" before handing it to me in 2009.  He thought it was a good idea to create a regular email so that JRCS members and other interested people could exchange information about our hobby.