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

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 Posted 01/16/2021  6:50 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply

Quote:
Shouldn't CAC make a "black bean" for Low Ball collectors indicating that the coin is at the bottom of the grading level?


Well, according to this website, the "canned dog food bean" is the worst tasting Jelly Belly, so my vote is for the bottom third bean to be brownish in color. If they make it a scratch and sniff, then it could be a co-promotion opportunity...

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 Posted 01/16/2021  8:05 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
$1700 seems a little rich Paul. Maybe for the right lowball connoisseur.

The prices for any out-of-the-ordinary coins seem high these days. It gets harder and harder to find niches that no one is interested in.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/16/2021 8:15 pm
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 Posted 01/16/2021  8:12 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
$1700 seems a little rich Paul. Maybe for the right lowball connoisseur.


It literally only goes up from there, the price has nothing to do with it being a lowball coin and everything to do with that the 1916 is obscenely expensive.
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 Posted 01/17/2021  1:33 pm  Show Profile   Bookmark this reply Add suipakpaikungfu to your friends list Get a Link to this Reply
So, if it gets a gold bean does that means it's a P00?
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 Posted 01/18/2021  1:29 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
As AG-03 bid is $2000, I'd consider a Fair-2 to be worth $1000 and a P-OO1 to be worth $500, unless there is a lowball premium, so yeah, I'd say there is a lowball premium here.
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 Posted 01/18/2021  5:33 pm  Show Profile   Bookmark this reply Add llewellin to your friends list Get a Link to this Reply
I'd disagree, the demand comes from people trying to fill that hole. Since it's graded by PCGS already there's not gonna be much price difference between 1, 2, and 3; they're all bad but it's the date that counts
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 Posted 01/18/2021  8:13 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
I think the Green Bean simply drives up the prices even further. Throngs of people happily pay a fat premium for that and don't care a darn about the grade.
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 Posted 01/18/2021  10:22 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
It's filling the hole with the series stopper, just like the 16-D Mercury.

There are a lot of 1916 Standing Liberty quarters - at least 10,000 - but there are a lot of people looking for them too. I try to find coins with populations under 500 that no one is looking for, like my awful 1859-S half eagle, with a PCGS population of 55. I prefer it to any P-01 coin....and I could break even selling it for melt if I had to....and for 1/3 the price of the P-01 SLC.

One way to find these niches is to seek out coin series that have so many stoppers that no one could ever complete them. But there aren't many of those series left. And once you snipe a low grade specimen, you may never see one again.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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