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 Replies: 26 / Views: 3,680 |
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Valued Member
 United States
228 Posts |
Quote:
The question begged is, "Will this one bean?" All my coins are beautiful and the best of the best and will obviously bean.  |
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Pillar of the Community
United States
589 Posts |
Quote:This advice makes a lot of sense, thanks. As someone unexperienced with coins, I do have difficulty interpreting terms like "significant", although I recognize it is tough to pinpoint exact numbers. Here is a coin that certainly looks like a borderline or perhaps a non-CAC case, but I'm not sure. I have a 1928 Standing Liberty quarter NGC graded MS64. I haven't studied the actual auction results yet, but numismedia lists $350 for an MS64 and $500 for an MS65. Would you send this one to CAC? Is this coin valuable enough where it is likely to make enough of a difference, and is that price difference between MS64 and MS65 "significant"? Thanks! Using this example: MS63 $250,MS64 $350 and MS65 $500 Someone who looks down on NGC over PCGS, may not value the coin as a MS64 without the bean and may bid as if it was a MS63. |
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Pillar of the Community
United States
3486 Posts |
Lately I have been looking at auctions from the big-name Houses.
All in plastic. Some with CAC stickers. Those latter I have examined.
And I am shocked to see coins with which I am familiar (and possess a few in an Dansco album) bearing an "exceptional for the grade [CAC]" label. The CAC coins look ... worse than mine.
This will sound crass, but those who know coins do not need a sticker to be told that a given coin, slabbed or not, is a cut above the rest. If YOU think that your coins will 'bean' then what reason is there to 'bean?'
Reassurance is something that we all crave. The only reassurance worth anything
comes from one's own confidence and experience. And THAT reassurance does not change
according to the current standard or flavor of the day. It comes from Education.
(I heard that on an Internet coin group somewhere.)
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Bedrock of the Community
United States
10982 Posts |
Quote:
Any other opinions on when it makes financial sense to send a coin to CAC for the purposes of selling? The folks at Heritage have suggested the coin should be worth $1000+ which seems high, and SD's first inclination was $250+. That's a bit of a gap between the two suggestions. Any other thoughts? Assuming you're paying $12.50/stickered coin (Collector Rate) then I'd go with the $250 minimum value. Heritage is a big dog with ideas different from Joe Average Collector. It does depend on the coin as well though. |
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Valued Member
United States
228 Posts |
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Assuming you're paying $12.50/stickered coin I believe Heritage charged me $20/coin for the two they already sent to CAC...maybe factoring in shipping expenses (and making some money off me  )? Quote:
It does depend on the coin as well though. Right, which is difficult for me to determine in my position. Heritage is suggesting that there are certain coins that aren't really auction-worthy...I'm waiting on that list from them. Some of those are worth well over $250, but they are saying aren't worth much more than melt, like my 1927 double eagle in the older NGC MS60 slab (grading subforum said the coin would grade MS63 by today's standards). If I were to auction that coin, it seems that after seller's fees it would be tough to end up with much more than melt. So perhaps coins like that, although worth well over $250, wouldn't make sense to send to CAC. |
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Moderator
 United States
23522 Posts |
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like my 1927 double eagle in the older NGC MS60 slab (grading subforum said the coin would grade MS63 by today's standards). If I were to auction that coin, it seems that after seller's fees it would be tough to end up with much more than melt There are 140,000 1927 Saints in PCGS plastic alone. |
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Rest in Peace
United States
10625 Posts |
I was thinking what Cascade posted when I read the OP. Seems to make sense if the price jump is substantial to the next grade level and if you plan to sell in the near future. This assumes that your coin is very solid for the grade and will green bean.
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Pillar of the Community
United States
7390 Posts |
For instance, I have an 1882o morgan in pcgs ms64 That looks very solid almost ms65. Well book on a 64 is $125 and at 65 it jumps to $1200... I defiantly want to send it in as I'm confident it would green bean and possibly gold.
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Bedrock of the Community
United States
10982 Posts |
Quote:
....Some of those are worth well over $250, but they are saying aren't worth much more than melt, like my 1927 double eagle in the older NGC MS60 slab (grading subforum said the coin would grade MS63 by today's standards). If I were to auction that coin, it seems that after seller's fees it would be tough to end up with much more than melt. So perhaps coins like that, although worth well over $250, wouldn't make sense to send to CAC. Two things here: 1. Bullion coins generally aren't auction material because they are very liquid and worth little more than the value of their metal. 2. If it's really THAT much better than a 60 then CAC is viable as a gold bean candidate. P.S. I just looked at the 1927 Saint. Is it in a no-line fattie holder? If you don't know can you post a pic of the slab. As a 60 it looks like a great possibility for a gold bean. Edited by BH1964
04/01/2015 12:41 am
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Valued Member
United States
228 Posts |
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Is it in a no-line fattie holder? I'm not sure...I'll try to take a pic soon. Quote:
If it's really THAT much better than a 60 then CAC is viable as a gold bean candidate. I guess I'm still unclear on why CAC would make sense, even if the coin were to receive a gold bean. If I understand correctly, it's just receiving that sticker because it's very ungraded in that older slab, since standards for grading have changed over time. Wouldn't the coin in a gold-stickered MS60 slab be basically equivalent to the coin in a new MS63 slab? According to Heritage, even in an MS63 slab, this coin doesn't really make a lot of sense for auction. |
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Valued Member
United States
416 Posts |
I have never submitted a coin to CAC, but I do own a lot of slabs that have beans. Only 1 is even in the 1K ballpark. Most land between $300-$400, with some even lower. Heritage is big time, there are many more individuals who just want to capitalize on the current market's obsession with those beans submitting all kinds of coins at all price levels. Personally I would say if you believe the coins you get graded are superior to other examples than don't hesitate to CAC regardless of value.
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Bedrock of the Community
United States
10982 Posts |
Quote:
I guess I'm still unclear on why CAC would make sense, even if the coin were to receive a gold bean. If I understand correctly, it's just receiving that sticker because it's very ungraded in that older slab, since standards for grading have changed over time. Wouldn't the coin in a gold-stickered MS60 slab be basically equivalent to the coin in a new MS63 slab? According to Heritage, even in an MS63 slab, this coin doesn't really make a lot of sense for auction. Auction and CAC are apples and oranges here. Rarely is any bullion coin worth auctioning because you usually lose ~20% in transaction costs (read auction fees). That loss makes no sense to accept when anyone can sell it outright, with 0% fees, to many a willing buyer for nearly the same price as it would bring at auction. Now a CAC gold bean on such a coin might gain you $200 to $300, say $1300 vs $1600 sales price, and is well worth spending a few bucks to find out. Edited by BH1964
04/02/2015 12:37 am
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Valued Member
United States
228 Posts |
Quote:
Is it in a no-line fattie holder? If you don't know can you post a pic of the slab. Not sure...here's a quick pic:  Edited by Phaedrus29
04/02/2015 11:48 pm
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Bedrock of the Community
United States
10982 Posts |
Yep, that's a no-line fattie. No-line means there's not an embossed separation "line" between the top label portion and the bottom coin portion of the holder. You will also note the holder thickness is notably wider than modern slabs. These old NGC holders are roughly equivalent to PCGS' Old Green Holders (OGH).
Anyways....your coin is worth a trip to CAC and appears to be a great candidate for a Gold Bean. It should bring $200+ more money with a Gold Sticker unless you are a great salesman and convince someone that it's a lock Gold Bean and they pay up in advance of CAC. Good luck!
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Moderator
United States
16679 Posts |
To answer the question. Nothing for me.
Either like my coins or not :-)
swcoin.ecrater.com
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Replies: 26 / Views: 3,680 |
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Posted 03/31/2015 4:16 pm
