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Hi, I Just Received This Today, Is This A Cud, Or Something Else 2016 Sae

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Valued Member
United States
376 Posts
 Posted 08/11/2017  7:08 pm  Show Profile   Bookmark this reply Add harley1960 to your friends list

Hi,--I-Just-Received-This-Today,-Is-This-A-Cud,-Or-Something-Else-2016-Sae
Valued Member
United States
376 Posts
 Posted 08/11/2017  7:09 pm  Show Profile   Bookmark this reply Add harley1960 to your friends list
yes, it would, but how did it pass PF70,
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United States
15414 Posts
 Posted 08/11/2017  8:05 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
to the CCF

I'm not an expert on modern USA coinage .... but if that is truly a Cud then IMHO you have a very unusual coin indeed.

PCGS PR70 certification .... hmmmmm ... wondering if somehow your otherwise excellent photos caught something else?

Take a look at my other hobby ... http://www.jk-dk.art
Valued Member
United States
376 Posts
 Posted 08/11/2017  8:16 pm  Show Profile   Bookmark this reply Add harley1960 to your friends list
yes I think it is a '' Cud'' still deciding on returning it, or do I have a 1 of a kind?
Pillar of the Community
United States
1101 Posts
 Posted 08/11/2017  8:33 pm  Show Profile   Bookmark this reply Add shotgung to your friends list
If it was me, I'd flip the coin for a profit then buy another one. Just me though. Pretty cool none the less.
Bedrock of the Community
United States
10034 Posts
 Posted 08/11/2017  9:05 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list
Cuds make up a whole area of collecting. Any legitimate error like a Cud makes the coin more appealing to many. Returning it would be a loss.


Quote:
yes, it would, but how did it pass PF70

B/c the facts of the TPGs do not match up with the reputation they have been able to establish. The existence of of CAC stickers shows the masses who like slabs still want the slabbing experts checked up on. Snake oil.

My local coin shop owner is a large dealer. When I got back into the hobby I started to look into the facts behind TPGs.

He told me he consistently got back 20% of monster boxes of ASEs he would send in graded at MS70. The rest would be MS69. He started to do some researching by comparing with other large dealers. He said that the number held up across the dealers he knew. He is totally convinced the TPGs just take 20% from the boxes - randomly and grade them MS70. He does not mind TPGs though as they can bring higher profits online. He told me just to realize what they really are - a non-essential business that has established a base of followers. The invent every new way they can to get people to spend their money (different labels, online competition to get the best graded set posted and recorded on their website etc.).


He told me to start looking carefully at MS70 ASEs and it is not hard to find less than perfect coins. Yours is just another example.

By making a certain percent MS70s, the TPGs make money like the old trick of seeding a gold mine. People see them, see the hyped prices, and so a lot more people take the chance theirs might be MS70, so they pay the TPGs pay to get them slabbed.

As always, I put a disclaimer - I believe if a person likes the look of slabs, and therefore likes to collect them - all the more power to them. Slabs look nice. Hobbies are about fun. I just like to make sure people understand it is a marketing system and not a necessity. Over the years TPGs have hurt the hobby greatly by making a focus on everything but key coins - everything else is "junk silver." Sad - very sad. Everything used to have its own, individual value based on MM and mintage - it was a lot more fun.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Pillar of the Community
United States
1913 Posts
 Posted 08/11/2017  9:57 pm  Show Profile   Bookmark this reply Add Bret to your friends list

Quote:
The existence of of CAC stickers shows the masses who like slabs still want the slabbing experts checked up on. Snake oil.

4th party grading, funny.

I was at a show a couple of years ago. A guy there was peddling MAC, which is the same as CAC, but for modern coins. It's just another was to part people from their money.
Rest in Peace
United States
17900 Posts
 Posted 08/12/2017  09:56 am  Show Profile   Bookmark this reply Add moxking to your friends list
Keep that coin. Errors on ASE are rare, most commonly struck through. I've collected ASE since their inception and I've never seen a Cud like that.
Pillar of the Community
United States
7390 Posts
 Posted 08/12/2017  10:57 am  Show Profile   Bookmark this reply Add Cascade to your friends list
Wow. If thats a Cud you hit a mini jackpot. Ill take it!!
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United States
10034 Posts
 Posted 08/12/2017  4:14 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list

Quote:
4th party grading, funny


Great term! I like it!



Quote:
I was at a show a couple of years ago. A guy there was peddling MAC, which is the same as CAC, but for modern coins. It's just another was to part people from their money.

I think it was the MAC that inspired me to make the following graphic. I know it was some new sort of sticker:


Hi,--I-Just-Received-This-Today,-Is-This-A-Cud,-Or-Something-Else-2016-Sae





How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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12819 Posts
 Posted 08/12/2017  6:22 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
You missed one sticker... "ka-ching"
Bedrock of the Community
United States
10034 Posts
 Posted 08/12/2017  7:58 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list


I will have to edit this later!

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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United States
188213 Posts
 Posted 08/13/2017  12:36 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Wow. If thats a Cud you hit a mini jackpot.
I agree. A nice find. If you do not like it, sell it and buy a replacement. You will have money left over.
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United States
4901 Posts
 Posted 08/13/2017  06:46 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list
Earle42: I think that Ike deserves at least a 67. Resubmit....to all

(Nice job BTW
Edited by Foxwoods Man
08/13/2017 06:47 am
Bedrock of the Community
United States
10982 Posts
 Posted 08/13/2017  07:27 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
Isn't it a piece of the clear rubber prong holding the coin in place?
ANA #R3154474
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