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 Replies: 36 / Views: 4,255 |
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Pillar of the Community
United States
4416 Posts |
Good catch, Everest!
While I'm not in the green bean conspiracy theory camp, I honestly don't see this subject coin as a mistake. I view this particular bean as bait for an unsavvy investor.
Edited by ExoGuy
07/24/2017 12:45 am
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Pillar of the Community
United States
7840 Posts |
It's all about timing...the ebb and flow of decision making.
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Pillar of the Community
 United States
3479 Posts |
Right on Everest! Nice research! I feel sorry for the schmuck who paid $977.50.
Edited by MikeF
07/24/2017 8:50 pm
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Pillar of the Community
United States
1261 Posts |
Wow, excellent work Everest! The CCF forum rulez!
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Pillar of the Community
United States
887 Posts |
Quote:
At that time it was graded by ANACS as AU Details
Net Au 50 Cleaned. It next appeared on 11Aug2011 in a PCGS 50 slab with a green bean where it sold for$977.50 To me, it also says something about PCGS, not just CAC. I've said it before (maybe on a different forum though) - I think of PCGS as the bottom of the 3, with NGC and ANACS in 1st & 2nd respectively. |
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Bedrock of the Community
United States
94367 Posts |
Everest -  It's a game folks. Go with your instincts but do your research. |
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Pillar of the Community
United States
3479 Posts |
Great point, Beefer! Who would have thunk that the cheapest grading service was the one that got it right. I look at a lot of slds so this one stuck out like a sore thumb as cleaned. But not everyone looks at as many Seated dollars. It's the type coin guys that get railroaded. Someone should put in a call to CAC about this coin before the ANA show. Edited by MikeF
07/24/2017 9:32 pm
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Bedrock of the Community
United States
12057 Posts |
Perhaps the ANA needs to launch a national Public Service campaign: "Buy The Coin, Not The Slab" Would never happen, but fun to dream... Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1450 Posts |
It reminds me of notorious art fakes. Everyone has a large money interest in discovering new and expensive pieces of art and not a shred in challenging the authenticity of a fake or overrated piece of art. All the middlemen get paid and the only loser is the end buyer.
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Valued Member
United States
452 Posts |
Who are you going to believe, me or your own eyes? -PCGS, -Groucho Marx
Take a hard look at any coin before bidding or purchasing. Make sure it aligns with your collecting standard and goals. PCGS gets it wrong as much or more than NGC or ANACS in my opinion. The CAC thing surprised me a bit. I've noticed CAC is liberal with the stickers on some high end tarnished/toned coins, but the coin posted is not on the upper end of any AU grade for an open 3 in my opinion.
Edited by AES
07/25/2017 12:05 am
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Pillar of the Community
United States
3479 Posts |
Yet they refuse to sticker ANACS graded coins. SMH!
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Pillar of the Community
United States
1963 Posts |
And some ANACS coins are more conservatively graded than NGC! I mean, of course a few fails here and there, but I disagree with NGC more often than ANACS.
Edited by coin197
07/27/2017 12:55 am
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Bedrock of the Community
13014 Posts |
Quote:
Yet they refuse to sticker ANACS graded coins. SMH! Of course they don't. They can't pay PCGS or even NGC prices for ANACS coins and expect to stay in business. Having a different price tier for ANACS than the other two which they would have to do would just devalue their brand, hence they only sticker the top two Edited by basebal21
07/27/2017 11:39 am
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Valued Member
United States
108 Posts |
This coin is not the only example of a beaned coin that makes you wonder what is going on. The Bean is a way for folks to make lots of $$$$. Period. What's next? Someone starting the "bean the bean" service to offer 3 opinions on a coin? So you can REALLY be sure it "makes the grade"?
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Bedrock of the Community
United States
94367 Posts |
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Replies: 36 / Views: 4,255 |
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Posted 07/24/2017 08:19 am
