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 Replies: 26 / Views: 3,677 |
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Valued Member
United States
228 Posts |
I've recently had some coins graded at NGC, and I'm wondering which of them "should" be sent to CAC. For purely financial considerations and when planning to sell, at what value would CAC be worthwhile?
Alternatively, would you ever want to send a coin to CAC when you're not really planning to sell (any time soon), and just want to keep it in your collection? If so, at what value would it just be silly?
Presumably, a $20 coin obviously shouldn't be sent to CAC, and a $10k coin obviously should, but ROUGHLY where do you draw the line?
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Moderator
 United States
23522 Posts |
Second question first: don't sticker a long-term hold. Who knows what the new hotness will be then? First question is more malleable. Never thought about it, but $250 is the number that hits me first. More attention paid to NGC slabs in an issue where prior results indicate a clear PCGS Premium. Stipulating, of course, that the coin is worthy of a bean.  |
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Moderator
United States
56855 Posts |
If you CAC it now it might cost less to do so then say ten years from now. John1  |
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Moderator
United States
187702 Posts |
Most who know me know that I have never sold a coin.
That being said, I would neither slab not CAC a coin unless I was ready to sell.
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Valued Member
 United States
228 Posts |
Quote:
don't sticker a long-term hold. Who knows what the new hotness will be then? True, but who knows what sort of premium that ancient CAC sticker might command many years from now. It seems like it couldn't hurt. Quote:
$250 is the number that hits me first The folks at Heritage seem to be suggesting that CAC doesn't make sense for coins valued under $1000. Edited by Phaedrus29
03/19/2015 6:20 pm
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Pillar of the Community
Canada
2805 Posts |
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True, but who knows what sort of premium that ancient CAC sticker might command many years from now. Depends how good they get at making shiny fake stickers in the future. I would steer clear. |
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Moderator
United States
23522 Posts |
The market currently thinks CAC is their daddy. It's a good time to have a $40 coin with a bean, much less a $1k one. I guess the label won't hurt - the people behind CAC will be legends in the hobby for all time to come so your point about cachet is a good one.
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Moderator
United States
187702 Posts |
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Depends how good they get at making shiny fake stickers in the future. True. They seem to be getting better at faking the slabs now. It should be clear there are no guarantees, no absolute right or wrong thing. If there were there would be no discussion, only immediate action. Anything you do (or not do) is going to be a gamble, which is why I do not invest in coins. I prefer to just enjoy them as they are. |
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Valued Member
United States
228 Posts |
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?
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Pillar of the Community
United States
7390 Posts |
Ive heard that if the price jump to the next grade is significant you should try to get a bean on it for sure...
-another question... when do u guys think cac will start offering member subscriptions again? Id rather do it myself personally than go third party
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Valued Member
United States
228 Posts |
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Ive heard that if the price jump to the next grade is significant you should try to get a bean on it for sure. 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! |
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Moderator
United States
23522 Posts |
The question begged is, "Will this one bean?" That's it. Any coin worth slabbing in the first place will instantly more than compensate for the cost of the bean in this market. Every single one.
If it beans, and that's the important question.
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Valued Member
United States
228 Posts |
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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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Replies: 26 / Views: 3,677 |
Posted 03/19/2015 08:39 am
