Editor’s Note: Coingrader Capsule occasionally runs series, such as “Crossover-, Under- and Out,” about submitting coins graded by one company to another company, either to enjoy a premium or to qualify the coin for set registries. Earlier we ran the first post about Certified Acceptance Corporation, a numismatic firm whose speciality is identifying high quality coins holdered by NGC and PCGS. This is the second installment, predicting which coins will get stickers.
This week I sent in my first CAC submission with these high-end coins, fetched from my bank box:
1. 1878 cent, PCGS, NGC PF65 Red Cameo
2. 1955 one cent double-die obverse, PCGS AU58
3. 1913-D nickel, Type II, PCGS MS64
4. 1923-S nickel, PCGS MS63
5. 1936-D nickel, PCGS Green Holder MS67
6. 1945-S dime, micro S, NGG MS67
7. 1928 Peace Dollar, PCGS MS62
Images of each coin are below. Click for a larger version.
Filling out the CAC form was easy, once you understood differences between submitting here as opposed to NGC, PCGS, ANACS and ICG. You fill out your name, address, submitter member number, and simply list the coins according to date, mint-mark, denomination, MS or PF, grade, NGC/PCGS, declared value and grading service certification.
Submitters are asked to list the coins in Red Book order and assign a declared value, which I based on Coin World’s Coin Values.
There are two basic service levels for Advanced Collectors. Coins valued at $10,000 and under are $10 per coin; coins valued over $10,000 are $20 per coin. If a coin doesn’t earn a CAC sticker, you don’t have to pay any fee (unless you are a dealer).
The tricky part of the submission has to do with return shipping. There is no set shipping and insurance price (based on number of coins and value) as you encounter with the major third-party grading companies.
Here’s how it works for Advanced Collectors. If you send seven coins, say, as I did, you write a check for the specific service level–in my case, $70. At this point I do not know how many coins will earn stickers, but let’s say four do, leaving a $30 balance in my favor with the company. CAC uses that balance to pay return shipping. However, say all of your coins earn stickers (unlikely). In this case, CAC will mail your coins to you but send you a bill for the cost of doing so.
On the form, you can choose Express Mail, Registered Mail, Pick Up or FedEx. You also are asked to designate an insurance limit per package.
FedEx does not insure coins, but is a very reliable service. You can open an account with FedEx, include the account number, fill out another form for CAC use, and go from there.
At first I was going to go the FedEx route. After a few calls to “Heather” at CAC Customer Service, I decided to do Registered Mail. CAC Customer Service was excellent, by the way. Patient, helpful, and fast. This has enhanced my CAC experience already. Hats off to Heather.
I sent the coins in and was notified as soon as they arrived at the Far Hills, N.J., company address. I will be informed in about a week or so how many of the above coins will earn the CAC sticker–for coins correctly graded, or high for the grade.
Based on that criteria, here are my predictions:
1. STICKER: 1878 cent, PCGS, NGC PF65 Red Cameo. This is a stunning coin. Each time I go to my local bank to behold it, I am startled by its beauty. When my spouse Diane first saw it, she thought it was a gold 2 1/2 coin. Strike is needle sharp.
2. STICKER. 1955 one cent double-die obverse, PCGS AU58. I always felt this coin was undergraded by PCGS and should have been low mint state. PCGS may believe in its plus sign, but it doesn’t believe much in MS60.
3. NO STICKER. 1913-D nickel, Type II, PCGS MS64. This is a difficult call. I think the strike may be too weak. It’s a low MS64 in my opinion; but CAC has more experience with date, type and denomination.
4. POSSIBLE STICKER. 1923-S nickel, PCGS MS63. This date usually comes with a weak strike, but the mint state is already low. I’d say it has a 50-50 chance.
5. NO STICKER. 1936-D nickel, PCGS Green Holder MS67. I know it’s a green holder. I know MS67 is an exceptionally high grade for a green label. But just before I sent it in, I noticed a small spot on the reverse. The camera could not pick it up, but I think CAC will.
6. POSSIBLE STICKER. 1945-S dime, micro S, NGG MS67. The strike is weak on the reverse, but the eye appeal is exceptional. Another 50-50 chance.
7. STICKER. 1928 Peace Dollar, PCGS MS62. OK. This was in an Old Green Holder. The coin is virtually mark free. Yes, the luster is lacking. Last year the flawless surface prompted me to send it to PCGS for an upgrade, only to have PCGS slap on a blue holder at the same grade. Maybe CAC will see it my way.
So there are my predictions. We’ll see next time how I did.