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 Replies: 13 / Views: 1,262 |
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Pillar of the Community
United States
4469 Posts |
I pick this 1904 O PL graded MS65 in a recent Great Collection auction. The coin had a PCGS holder with the coin and series number that would put the holder around 2004. The holder was so scratched that I almost sent the coin back for a refund as the mirrors on the coin were picking up the holder scratches. I did send the coin to PCGS for a re-holder and it made a huge difference on how good the coin looks in the new holder. The coin is stunning except for a scratch on the chin. In your opinion, does this chin scratch keep the coin from getting a CAC green bean?   |
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Moderator
 United States
16679 Posts |
I would say it does. I don't bean my coins but if come time to sell, that bean makes you extra profit, then by all means bean it.
Chin and cheek as you know are huge with grading Morgs.
swcoin.ecrater.com
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
562 Posts |
I agree as well. It's a beautiful coin nonetheless.
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Moderator
United States
23522 Posts |
I suspect it doesn't bean. Me, I'm far more interested in the reverse pitting around OL. There are known Pitted Reverse varieties for 1904-O, and that's where the pitting is on them.
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Pillar of the Community
 United States
5828 Posts |
I dont think it would make a green bean, but that doesn't stop it from being a pea (what ever that means). Awesome coin   p.s. SsuperDdave I just wanted to let you know that I hugged a morgan  Edited by ChildOfTheWheat
09/01/2015 6:43 pm
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Bedrock of the Community
United States
12057 Posts |
Despite CAC's full page adds proclaiming that a green or gold bean doesn't make a coin more valuable, CAC coins are regularly bringing 30% premiums over coins with the same technical grade, from the same TPG, but without the jelly bean. CAC certification is helping dealers put better sight unseen bids, which is driving up Bluesheet bid prices for CAC coins. If you're a dealer and wanting to move into a position of, say, a bigger inventory of MS65 and better Morgans, and bidding unseen, you're going to offer more for CAC slabs, simply because you know that with a green bean the coins will stand on their own merits and have at least decent eye appeal in addition to simply being a "technical" MS65. The auction world is feeling it too, with CAC stickered coins bringing in stronger sales vs. those without a jelly bean. Personally, I do not think your coin would earn a Jelly Bean. (Opinion section) I am not always in favor of things that make coins more unaffordable for an increasing number of collectors, and this counts; CAC, having invested $300m of its own money in making a market for CAC coins, is now enjoying the associated windfall earned from creating the association in buyers' minds that a CAC approved coin is a "more valuable" coin. Yes, they talk in their ads about how that's not the case, but they knew full well that their intent was to create that perception about value vs. non-CAC coins, and they benefit both from increased sale prices and a larger number of collectors and dealers seeking CAC certification for their slabs as a value enhancer or simply a way to sell the same coin for a price premium. CAC's role lately seems to be more of a "value enhancer" than as a genuine "This coin is choice for its grade" designator. That scares me, because when CAC beans start pulling values up, the people putting those beans on coins have a vested interest in loosening their standards a bit. I think as a collector and investor I do appreciate the benefits that CAC offers from a value point of view, but I worry that it may price more coins out of the market and move them closer to a being almost a commodity instead of a collectible, and that's not good for the hobby as a whole. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Edited by paralyse
09/01/2015 7:03 pm
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New Member
Canada
14 Posts |
sorry whats beaning mean . I checked the glossary and didn't see it
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Pillar of the Community
United States
4337 Posts |
Quote:
sorry whats beaning mean . I checked the glossary and didn't see it Search CAC As for the OPs coin. I don't see why this would make a green bean or a gold bean for that matter. Its a gorgeous MS65PL but in looking at HA archives, I would not pay 30% more for this coin with a green bean designation. Gold might be a different story. |
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Bedrock of the Community
United States
10982 Posts |
Probably would not green bean but don't lose any sleep over it. This is a roughly $250 piece and as such it doesn't really make a big difference one way or the other. It's a nice coin.
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Pillar of the Community
 United States
4469 Posts |
Super Dave, The coin has the pitting around the OL and the double date as the loop on the 9 closes. It looks like a VAM 4A. The coin shown on VAM World also has a weird line from the middle of the nose to the middle of the fore head. This line is not noted on VAM world. |
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Moderator
United States
23522 Posts |
I think that line might be a photographic artifact, maybe a reflection of the coin off the inside of the slab. Not relevant to the cool value of yours.  I agree completely with you in that the chin mark stops it from beaning. On the neck, that mark means a good 65 with an argument at 66. The Pitted Die Morgans are of interest to some people, and in my mind this is a pretty nice one. Well into the Condition Census for whichever VAM it is, and of additional interest to a subgroup of VAMmers. I don't have enough info to estimate the rarity and/or value of a 4A in 65PL, but even if this one isn't alone at the top it certainly has very little company there. |
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Bedrock of the Community
United States
12057 Posts |
I don't need CAC to tell me that this is a nice coin that I would not mind owning :)
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Moderator
United States
16679 Posts |
^ agree :)
Again, if that little sticker makes me more $ at auction time..yay!
swcoin.ecrater.com
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Replies: 13 / Views: 1,262 |
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Posted 09/01/2015 4:23 pm
