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 Replies: 26 / Views: 5,335 |
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Moderator
 United States
23522 Posts |
No contest. I buy the Gold sticker for myself, and I buy it if the intent is resale. That sticker means high-end dealers believe the coin a bargain at the grade. I'll take their word on it.  |
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Bedrock of the Community
United States
17884 Posts |
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My understanding is that a green CAC sticker implies high end of the grade. Green sticker means solid to high end. So a 65 green sticker could just be a solid no question 65, and not high end at all. I would rather have whichever one I like better. |
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Moderator
United States
188952 Posts |
The answer to this question does depend on your intent. If you intend to resell, then the CAC is your choice. If this coin is to keep, well, you really need to look at each coin regardless of holder to make that decision.
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CCF Advertiser
United States
1533 Posts |
If you look at auctions for coins that are CAC or gold CAC, prices are off the charts relative to the quality of the coin. Basically, I think people really overpay for the stickers, so I'd buy one without it.
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Moderator
United States
188952 Posts |
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If you look at auctions for coins that are CAC or gold CAC, prices are off the charts relative to the quality of the coin. I found a graded Ike with a green bean at the last coin show. I knew it was going to be priced well above its listed retail value. When I asked the asking price I was floored by how far off I was on estimating the premium. Even half of what he was asking was too much. Needless to say I passed.  |
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Rest in Peace
United States
17900 Posts |
Good discussion and some great advise.
But it still depends on the coin.
Although I will admit on some key issues (1938-D MS-65 WLH, Hawaiian Commem in 65, 1880 $3 Gold 63, and some others) I've used the bean as a reason to justify why I spent more than I might have.
Right now I'm watching the most gorgeous tough date Peace that is stupendous. I've already decided to bid 25% more than I wanted. It's a beautiful coin I've been hunting for a decade. But the bean does help me justify my bid.
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Rest in Peace
United States
10625 Posts |
Here's how we level the playing field, pick any 1886 Morgan dollar. Would you rather have this coin graded MS66 or MS65 with a gold bean. Take it further, you purchase an MS65 gold bean and re-submit and it comes back MS66. Did this increase you're perceived value, decrease or remain the same? It is still the same coin... |
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Bedrock of the Community
United States
17884 Posts |
And what if you resubmit it but it still comes back as a 65 but this time CAC only gives it a green bean or even no bean?
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Pillar of the Community
Canada
1267 Posts |
Fascinating question, and one with no simple answer. My first thought when considering a purchase is I have to love the coin. If the value is grade dependant, I want it in PCGS with a sticker......there is no question these carry a premium when the time comes to sell. So, for me at least, this question would involve a gold stickered ms65 vs the same coin in ms66 with a green bean. Pretty much even playing field now, although the gold bean might lead some to believe a ms66+ could be possible. Considering how rare the gold beans are, I guess ms65 gold would carry a small premium over the ms66 green bean.  JMHO. |
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Bedrock of the Community
13014 Posts |
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I guess ms65 gold would carry a small premium over the ms66 green bean. I would be surprised if the 65 gold didn't sell for more. At the very least the price should be about the same. Value aside I think the gold would be more liquid too and less of a risk if it just let it fly in an auction |
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Bedrock of the Community
United States
10982 Posts |
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Since the holdered gold CAC stickered 65 suggests that the coin is high end of the 66 scale, and the holdered 66 may be a low-level 66, it would seem that all things being equal the stickered 65 has a better shot at being the better coin. Am I missing something? You are missing something. A Gold Stickered 65 means (in the opinion of CAC) that the coin would be "solid" at the next grade up. So a Gold 65 would (should with regrade in CAC's opinion) grade at least 66 and get a green sticker. I once owned a gold stickered MS63 Morgan that in no way was gem level. It was a nice 64 (these days) in a 63 holder. I sold it through Great Collections: https://www.greatcollections.com/Co...C-Gold-Label |
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Bedrock of the Community
United States
17884 Posts |
I thought the gold been meant that it would make the next grade up, not necessarily that it would be "solid" for that grade. Which would mean a 65 gold bean would get a 66 but not necessarily a 66 with a green bean.
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Bedrock of the Community
United States
10982 Posts |
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I thought the gold been meant that it would make the next grade up, not necessarily that it would be "solid" for that grade. Which would mean a 65 gold bean would get a 66 but not necessarily a 66 with a green bean. From the linked article: What kind of coin gets a CAC gold sticker? CAC founder John Albanese describes it as a coin that could "easily green sticker at the next highest grade level."https://www.coinworld.com/news/us-c...ickers.html# |
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Valued Member
United States
314 Posts |
Am I shortsighted for thinking this conversation is missing something without seeing the coins? Maybe all these angles are important if you are trying to squeeze a few bucks out of a resale. Otherwise, don't you just want the more attractive coin?
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Bedrock of the Community
13014 Posts |
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Am I shortsighted for thinking this conversation is missing something without seeing the coins? Maybe all these angles are important if you are trying to squeeze a few bucks out of a resale. Otherwise, don't you just want the more attractive coin? I wouldn't say shortsighted, but you very likely are underestimating just how hard it is to get a gold CAC sticker especially at those grade levels. |
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Replies: 26 / Views: 5,335 |
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Posted 11/03/2017 09:12 am
