Over-Grading

The most important factor to consider when purchasing coins is the grading.

When the owner of a coin decides to sell, there cannot be any doubt as to what is being sold. The grade needs to have already been determined by a third party and there cannot be ANY question as to its validity.

If a diamond of G color and VS1 clarity is being sold, the seller cannot afford to have a buyer state that the stone is an H color. The price difference between two grades can be substantial. Therefore, diamonds are graded, bought and sold with GIA reports. These reports are rarely disputed.

Unfortunately, coin grading is problematic due to massive over-grading that occurred for many years. Hundreds of thousands of coins have been graded and then submitted again to the grading services with the hope of obtaining a higher grade. An intelligent person would reason that if a coin was originally graded correctly, very few would later be approved for a higher grade. Sadly, this is not the case.

Over the years, hundreds of millions of dollars have been earned on coins that received higher grades when submitted a subsequent time to the grading services. The difference in price on many coins from one grade to another could be substantial.

For example current Gray Sheet bid on an 1880-O Morgan Dollar in MS64 is $1500 but the MS65 is $23,000. If you purchased a MS65, you would not want there to be any question as to the grading. This is why accurate grading is a necessity.

Other Grading Services

A grading service had a charity promotion that paid money for old grading labels.

You will see one dealer who amassed thousands of grading labels indicating that these coins were re-graded. We have NO issue with dealers who submit coins to be re-graded. If CAC did not exist, we would probably be doing the same thing.

The problem is with the grading services. We know when we send diamonds to GIA, there is virtually little chance of sending them back a second or third time and a higher grading being given. Unfortunately this is/was not the case with coin grading.

We cannot understand why a grading service would be proud of this fund raising drive. If it were us, we would never want to publicize massive re-grading.

Sure a coin could be borderline and a grader can decide to give it the higher grade. But how often can this happen? Grading services earn their living from grading. Enough said.

Investors and collectors need to know that what they are spending their money on is actually what they are getting. CAC was established to attempt to end grading inconsistencies. We cannot understand why coin buyers would not almost ALWAYS PURCHASE CAC COINS. Sure many other coins are graded accurately, but why not have the added assurance of CAC approval? We have CAC coins for every budget!

CAC Grading (Source: CAC Coin)

KNOWING THE GRADE ISN'T ALWAYS ENOUGH.
SETTING THE STANDARD FOR QUALITY.
A LITTLE STICKER MAKES A BIG DIFFERENCE.

Due to today's selective collector/dealer, an ever increasing number of certified coins on the market are considered too low end for their grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins and award our sticker only to those coins that meet the standard for today's sophisticated buyer.

WHAT THE CAC STICKER MEANS

  • Verified. Your coin has been verified as meeting the standard for strict quality within its grade.
  • Guaranteed. CAC stands behind our verification by making markets in most actively traded coins.