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 Replies: 23 / Views: 689 |
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Pillar of the Community
United States
2708 Posts |
Here's a new one for me, a CAC sticker on a coin graded "Poor-1" by PCGS. Granted, the coin is a 1916 Standing Liberty quarter, but I guess I hadn't thought of a "superior quality" Poor-1 coin.    Paul Bulgerin
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Bedrock of the Community
United States
37679 Posts |
People do collect PO1 coins. The CAC is just another grader telling you they agree with the original grade.And it looks like the original collector opted for the PCGS gold shield at an additional cost too. John1  ( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
Edited by John1
01/16/2021 10:06 am
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Pillar of the Community
United States
5145 Posts |
Quote:
The CAC is just another grader telling you they agree with the original grade. To me a green CAC sticker also indicates that in the opinion of the second grader the coin is in the top 5% of the indicated grade but doesn't quite deserve the next grade up. For this particular coin that could add $100 to its book value.
Describe it as if there were no picture.
Picture it as if there were no description.
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Pillar of the Community
United States
3462 Posts |
Time to re post... What we collectors do is....? Looks genuine.  Brother, can you spare a "BARBER" dime?
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Bedrock of the Community
United States
54644 Posts |
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Pillar of the Community
United States
2809 Posts |
Maybe for a lowball collector being in the top 5% of a PO-1 is a bad thing!
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Pillar of the Community
United States
2708 Posts |
Zurie,
Good point. Shouldn't CAC make a "black bean" for Low Ball collectors indicating that the coin is at the bottom of the grading level?
Paul Bulgerin
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Pillar of the Community
United States
1722 Posts |
My understanding is that it's not "top 5%", it's this, from their website:
"For many years, coin dealers and advanced collectors have used the letters A, B, and C among themselves to further describe coins. C indicates low-end for the grade, B indicates solid for the grade, and A indicates high-end. CAC will only award stickers to coins in the A or B category. C coins, although accurately graded, will be returned without a CAC sticker."
To me that implies that two-thirds of coins could get a sticker. I agree that a lowball collector might prefer that it didn't get a sticker, but CAC won't tell you that.
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Valued Member
United States
389 Posts |
Quote:
Good point. Shouldn't CAC make a "black bean" for Low Ball collectors indicating that the coin is at the bottom of the grading level? 
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Pillar of the Community
United States
991 Posts |
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed
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Pillar of the Community
United States
1292 Posts |
Quote:
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed  
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Pillar of the Community
United States
1812 Posts |
Would a PO-01 with a bean be a has been?
*ducks and covers*
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Bedrock of the Community
United States
14855 Posts |
I realize you can tell it's a 1916 other than the 3 stars that was added as of 1917 . But I thought to Have a PO-01 designation , the date had to be acknowledgeable .  Proud Member of The Black Sheep Squadron !
In Memory of Fallen Black Sheep Mates .
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Pillar of the Community
United States
2200 Posts |
So, um, how much did it cost you Paul?
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
2708 Posts |
It's not my coin. I saw it on eBay for $1,700, I believe.
Paul Bulgerin
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Pillar of the Community
United States
8278 Posts |
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But I thought to Have a PO-01 designation , the date had to be acknowledgeable Nope. The date has to be identifiable and the Branch Mint if applicable.
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Replies: 23 / Views: 689 |
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Posted 01/16/2021 10:34 am
