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 Replies: 21 / Views: 1,767 |
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Pillar of the Community
United States
1515 Posts |
Wow, surprised the previous owner didn't send it into CAC first before selling.
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Bedrock of the Community
United States
74346 Posts |
Very nice!  Lovely coin. Errers and Varietys.
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Pillar of the Community
  United States
3650 Posts |
Quote:
Why would one pay more just because it has a CAC? I think it all boils down to some people's perception that the CAC sticker means more than just the opinion of CAC that a coin is solid for the numeric grade. For this coin, the PCGS price guide shows a big price jump between PR64CAM and PR64+CAM, so I can only assume that's the driver, even though PCGS didn't feel it deserved a + designation. If a coin has great eye appeal, I'm usually willing to pay a premium over a run-of-the-mill coin of the same grade. I'm not going to pay a big premium just for the green bean... |
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Pillar of the Community
United States
3650 Posts |
Quote:
Wow, surprised the previous owner didn't send it into CAC first before selling. Hindsight is always 20/20, but I'm guessing the previous owner may be regretting that a bit.  Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188 |
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Moderator
United States
188770 Posts |
Quote:
This just goes to show that people are NOT buying the coin, they are buying the sticker!!!  Quote:Hindsight is always 20/20, but I'm guessing the previous owner may be regretting that a bit.  |
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Pillar of the Community
Taiwan
606 Posts |
This is not unusual at all if you understand the effect that CAC/CACG has had on the market. I agree that the consignor/auction house did not do their due diligence and submit the coin to CAC prior to the auction.
Edited by Everest
02/26/2025 09:40 am
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Bedrock of the Community
United States
10982 Posts |
Quote:
Probably also helps that it's being sold in a higher-profile auction, but still, I was quite surprised. What are the two auctions this coin is (was) being auctioned in? |
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Pillar of the Community
United States
3848 Posts |
Yes, the market for CAC coins is exploding right now. Many green beans are selling for gold bean prices. Quote:
Wow, surprised the previous owner didn't send it into CAC first before selling. Maybe he did...  Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
3650 Posts |
Quote:
What are the two auctions this coin is (was) being auctioned in? The first auction was the Heritage 2024 November 26-27 Tuesday & Wednesday US coins Select Auction. The current auction is the Heritage 2025 February 27 - March 2 Long Beach Expo US coins Signature Auction. |
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Bedrock of the Community
United States
10982 Posts |
Quote: The first auction was the Heritage 2024 November 26-27 Tuesday & Wednesday US coins Select Auction. The current auction is the Heritage 2025 February 27 - March 2 Long Beach Expo US coins Signature Auction. Thank you. That and the CAC sticker makes the same coin more saleable. More eyes on it. |
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Pillar of the Community
United States
3650 Posts |
The coin hammered at $13,200, almost 2.4 times the price paid in late November. Quite a nice return on that short-term investment...
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Bedrock of the Community
Australia
21788 Posts |
If you find yourself in this sort of situation,
consider if you are buying the sticker and / or the the slab.
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Pillar of the Community
United States
5615 Posts |
Hokiefan, Awesome diligence Your tracking abilities are exceptional... Classic examples sell for Exceptional prices. While I see this post, I am concerned that people buying into a " green bean " are Not buying just the residents inside, They Are buying the beaned Slab... Why not!!  I have been a strong advocate for obtaining raw Coins and Currency. Along the way I have found that Value in coins are Well supported, When encapsulated in a slab vs raw in an auction setting, Not to say the raw examples will not speak for themselves outside a slab being original examples, Just Very interesting to note the results. Here like Magic, Three months later nothing has changed Except a small green label has become attached , and sold for 2.4 times .  Would a seller Not prefer to collect all they can on the investments or Sales of their coins too. I have seen Discussions about the topic for Decades, Buy the coin, Not the slab. These results prove Me Wrong.... |
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Moderator
United States
188770 Posts |
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The coin hammered at $13,200, almost 2.4 times the price paid in late November. Quite a nice return on that short-term investment...  |
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Pillar of the Community
United States
5615 Posts |
Where are my manners, Sorry. The coin shown is Exquisite, Nice Deep Cameo ....... Your quite the remarkable Numismatist, Thanks for sharing |
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Replies: 21 / Views: 1,767 |
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First Page
Posted 02/25/2025 7:45 pm
