Our Best Issue Ever! More Contributors & More Pricing with American Eagles
The CAC Rare Coin Market Review Publisher Letter for the Winter 2024 issue
I realize that I am biased when I say this, but this is clearly our best ever issue of the CAC Rare Coin Market Review. “Why,” you ask? Since publishing our first edition devoted to CAC pricing in 2019, we have expanded this issue to include thousands of additional pricing columns. Additionally, we have several incredible articles contributed by new contributors who are deeply invested in the success of the CAC grading and stickering coin market.
ADDED PRICING
The expansion of pricing in this issue is due to several factors. For starters, the advent of CAC Grading necessitates that we consider the values of coins that previously had not been strong candidates for the CAC “stickering” service. For all practical purposes it didn’t make much sense for folks to submit inexpensive (let’s say coins under $250) circulated coins to CAC for a sticker due to the cost of review and low percentage of acceptance. For example should one send in a common-date VF Barber dime for review? Probably not. However CACG (CAC Grading) will likely now certify such coins on a regular basis as part of collections submitted for review. From the Greysheet pricing perspective, we’ve been tracking the theoretical value of such coins for years, but we didn’t see the value in publishing the numbers in print. Subscribers to our online data plans (www.greysheet.com/subscribe) have always been able to see our interpretation of CAC values in the widest possible range of grades. Now, we’ve added more of these to this publication. If you visit the CAC web site, you will also see our values included with their online population guides. While we are 100% independent of CAC and any other numismatic authentication and auction company, we pride ourselves on the strong relationships we foster in the community, which is necessary to deliver a huge amount of data and the most accurate pricing of any collectible from Pokemon cards to comics.
GUEST EDITORIALS
In this issue, we have invited four new contributors, including none other than CAC founder, John Albanese, and CAC Grading President, Ron Drzewucki, and others. This is really exciting and rare. I cannot recall a time when Albanese has written an editorial but you will see he is incredibly engaged in the expansion of CAC, which is driven by his tremendous concern for the long-term health of the numismatic hobby.
For his part, Drzewucki is equally passionate. Ron and I are about the same age (mid-50s) and have known each other since we were mere pups in the coin business, hustling to make a living from weekend-show to weekend-show all over the country. Originally from St. Louis, I have the pleasure now of seeing Ron from time to time in my hometown of Virginia Beach when our busy schedules enable a quick meal or coffee. With CAC based here in VB, a lot of old friends are starting to show up around town, which is as exciting as it is surprising. Who would’ve thought?
Ron’s article is focused on the unique perspective of modern coin grading standards that are being utilized at CAC—a subject that brings me back to the “Added Pricing” of this issue. Historically, the CAC company would not consider “modern” coins for stickering so we did not offer pricing for such items. With the advent of CACG, we have added values for modern issues like American Eagles (silver, gold, platinum) and many other U.S. coins. The team at CAC are hopeful that the market will value MS/PR 70-graded coins in their holders more highly than their PCGS and NGC counterparts. In some cases, this is already true. Time will tell, and the market will make that determination, but our subscribers will have a front row seat to the action! If you are not already an active subscriber, please join us today! (Note: The CAC Rare Coin Market Review is available in conjunction with our subscription packages, priced to suit collectors, dealers and investors at all levels. Click here to learn more.)
Sincerely,
John Feigenbaum
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Author: John Feigenbaum
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