| Author |
 Replies: 18 / Views: 2,655 |
Page 2 of 2
|
|
|
|
Valued Member
 Korea, Republic Of
489 Posts |
@andrew99 yea that was what I mean. Is is really a high end 66? Once I get the coin I will take some more hi-res pics and get you guys another look.
|
|
Pillar of the Community
United States
3234 Posts |
CAC only costs $15+shipping...so YES! If it CAC's, it's sort of like getting that coin in a "+" holder.
|
|
Bedrock of the Community
United States
94367 Posts |
Good observation by Prethen.
|
|
Pillar of the Community
 United States
8938 Posts |
More important question is can you send to CAC? Are you a submitter or do you have someone you know?
|
|
Valued Member
Korea, Republic Of
489 Posts |
Great points from both of you. Its not even that expensive, but it seems I have to wait and get approved to submit.
|
|
Pillar of the Community
United States
4469 Posts |
Evaluating photos on what coins CAC will sticker is difficult. If the coin is high end of grade and has nice luster, you should send it for a sticker. CAC seems to like the year and grade. PCGS has a pop count for the grade at 295, and CAC has stickered 73, so CAC has stickered about 25% of the examples. If the coin has not already been to CAC, there is a good chance it will sticker.
|
|
Bedrock of the Community
United States
10038 Posts |
Just like the grading system as a whole, its a gamble in subjectivity. Paying the 15.00 to more or less have different experts assess the job the first expert graders did is not expensive. So... The real question is if you don't send it in, will you always be tormented wondering what would have happened if you had sent it in?  |
|
Pillar of the Community
United States
697 Posts |
As noted above, the cost to request a CAC sticker is minimal. Once you get approved as a "Collector" submitter, my understanding is if it does NOT CAC, you get the $15 back (or can use as a credit for future submissions). The key point is that there's a tremendous differential in value with this coin between those without the CAC and those with a CAC. That's due not just to whether it is solid for the grade or not, but also due to "surface" issues, which is really what keeps most GOLD coins from getting the coveted CAC green sticker.
On the earlier point, "Solid for the grade" does NOT mean being just like a "+" coin, but means CAC believes it is an "A" OR a "B" coin, just not a "C" coin!
A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996Edited by Winesteven
12/31/2020 2:56 pm
|
|
Valued Member
Korea, Republic Of
489 Posts |
Great information and comments from everyone. Thank you all. I will be sending her in now either way. If the comment about getting the money back as credit is true, its a no-brainer to send it in. :)
|
|
Pillar of the Community
United States
697 Posts |
Quote:
I will be sending her in now either way. If the comment about getting the money back as credit is true, its a no-brainer to send it in. :) Do indeed check with them to confirm their policy regarding fee return/credit for coins not getting stickered is unchanged for "Collector" submitters (it was NEVER that way for Dealer submissions). Even if they've changed their policy, for just $15, for a coin of that value, it's still a no brainer (I hate that term, but it's commonly used). A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996Edited by Winesteven
12/31/2020 09:30 am
|
|
Pillar of the Community
United States
697 Posts |
While you have decided to submit the gold coin to CAC, there's another reason to do so that I neglected to mention above:
Due to the pricing differential for gold coins with CAC's compared to those same coins without CAC's, if you chose to NOT submit it to CAC, when this coin eventually get's put up for sale (by you or by your heirs), bidders or any buyer will then erroneously assume the coin failed CAC, and bid/offer accordingly.
Unfortunately, too many people buy the label/sticker, and not the coin. Regardless, that's the reality of the market, whether we like it or not.
Another advantage of submitting it and you succeed in getting the CAC is that in my opinion the coin with the CAC will likely be easier to sell.
By the way, your coin is gorgeous!
Edited by Winesteven
12/31/2020 3:17 pm
|
|
Valued Member
United States
338 Posts |
Quote:
The real question is if you don't send it in, will you always be tormented wondering what would have happened if you had sent it in?
 |
|
Pillar of the Community
United States
8938 Posts |
Quote:
Do indeed check with them to confirm their policy regarding fee return/credit for coins not getting stickered is unchanged for "Collector" submitters (it was NEVER that way for Dealer submissions). Even if they've changed their policy, for just $15, for a coin of that value, it's still a no brainer (I hate that term, but it's commonly used). The way it currently works is you get a $15 credit on your account, not money back in your hand. |
|
Pillar of the Community
United States
697 Posts |
Quote:
The way it currently works is you get a $15 credit on your account, not money back in your hand. That's good. Getting a credit toward a future submission instead of a refund shouldn't be a problem for collectors submitting coins. A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996Edited by Winesteven
12/31/2020 6:08 pm
|
|
Valued Member
Korea, Republic Of
489 Posts |
"bidders or any buyer will then erroneously assume the coin failed CAC"
This makes a lot of sense. I bought this coin before CAC was a thing, so there is a really, really good chance its never been. Either way, you are quite right. Folks might think "Dang... Why doesn't it have CAC?"
|
|
Page 2 of 2
|
Replies: 18 / Views: 2,655 |
Page 2 of 2
|
First Page
Posted 12/30/2020 12:18 pm
