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A CAC "Green Bean" On A Coin Graded "Poor-1"

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 Posted 01/16/2021  09:56 am Show Profile   Check Paul Bulgerin's eBay Listings Bookmark this topic Add Paul Bulgerin to your friends list Get a Link to this Message
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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 Posted 01/16/2021  10:04 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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
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Edited by John1
01/16/2021 10:06 am
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 Posted 01/16/2021  10:34 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply

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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 Posted 01/16/2021  10:42 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
Time to re post...
What we collectors do is....?
Looks genuine.




Brother, can you spare a "BARBER" dime?
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 Posted 01/16/2021  10:50 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great diagram, Matthew.
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 Posted 01/16/2021  10:56 am  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Maybe for a lowball collector being in the top 5% of a PO-1 is a bad thing!
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 Posted 01/16/2021  11:27 am  Show Profile   Check Paul Bulgerin's eBay Listings Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
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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 Posted 01/16/2021  12:35 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
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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 Posted 01/16/2021  1:06 pm  Show Profile   Check AES's eBay Listings Bookmark this reply Add AES to your friends list Get a Link to this Reply

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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 Posted 01/16/2021  2:57 pm  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed
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 Posted 01/16/2021  4:38 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed

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 Posted 01/16/2021  4:53 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Would a PO-01 with a bean be a has been?

*ducks and covers*
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 Posted 01/16/2021  6:30 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
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 .
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 Posted 01/16/2021  6:38 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
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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 Posted 01/16/2021  6:40 pm  Show Profile   Check Paul Bulgerin's eBay Listings Bookmark this reply Add Paul Bulgerin to your friends list Get a Link to this Reply
It's not my coin. I saw it on eBay for $1,700, I believe.
Paul Bulgerin
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 Posted 01/16/2021  6:40 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
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.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
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1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
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