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 Replies: 26 / Views: 5,328 |
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Moderator
 United States
188548 Posts |
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If you look at auctions for coins that are CAC or gold CAC, prices are off the charts relative to the quality of the coin. I found a graded Ike with a green bean at the last coin show. I knew it was going to be priced well above its listed retail value. When I asked the asking price I was floored by how far off I was on estimating the premium. Even half of what he was asking was too much. Needless to say I passed.  |
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Rest in Peace
United States
17900 Posts |
Good discussion and some great advise.
But it still depends on the coin.
Although I will admit on some key issues (1938-D MS-65 WLH, Hawaiian Commem in 65, 1880 $3 Gold 63, and some others) I've used the bean as a reason to justify why I spent more than I might have.
Right now I'm watching the most gorgeous tough date Peace that is stupendous. I've already decided to bid 25% more than I wanted. It's a beautiful coin I've been hunting for a decade. But the bean does help me justify my bid.
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Rest in Peace
United States
10625 Posts |
Here's how we level the playing field, pick any 1886 Morgan dollar. Would you rather have this coin graded MS66 or MS65 with a gold bean. Take it further, you purchase an MS65 gold bean and re-submit and it comes back MS66. Did this increase you're perceived value, decrease or remain the same? It is still the same coin... |
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Bedrock of the Community
United States
17884 Posts |
And what if you resubmit it but it still comes back as a 65 but this time CAC only gives it a green bean or even no bean?
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Pillar of the Community
Canada
1267 Posts |
Fascinating question, and one with no simple answer. My first thought when considering a purchase is I have to love the coin. If the value is grade dependant, I want it in PCGS with a sticker......there is no question these carry a premium when the time comes to sell. So, for me at least, this question would involve a gold stickered ms65 vs the same coin in ms66 with a green bean. Pretty much even playing field now, although the gold bean might lead some to believe a ms66+ could be possible. Considering how rare the gold beans are, I guess ms65 gold would carry a small premium over the ms66 green bean.  JMHO. |
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Bedrock of the Community
13014 Posts |
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I guess ms65 gold would carry a small premium over the ms66 green bean. I would be surprised if the 65 gold didn't sell for more. At the very least the price should be about the same. Value aside I think the gold would be more liquid too and less of a risk if it just let it fly in an auction |
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Bedrock of the Community
United States
10982 Posts |
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Since the holdered gold CAC stickered 65 suggests that the coin is high end of the 66 scale, and the holdered 66 may be a low-level 66, it would seem that all things being equal the stickered 65 has a better shot at being the better coin. Am I missing something? You are missing something. A Gold Stickered 65 means (in the opinion of CAC) that the coin would be "solid" at the next grade up. So a Gold 65 would (should with regrade in CAC's opinion) grade at least 66 and get a green sticker. I once owned a gold stickered MS63 Morgan that in no way was gem level. It was a nice 64 (these days) in a 63 holder. I sold it through Great Collections: https://www.greatcollections.com/Co...C-Gold-Label |
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Bedrock of the Community
United States
17884 Posts |
I thought the gold been meant that it would make the next grade up, not necessarily that it would be "solid" for that grade. Which would mean a 65 gold bean would get a 66 but not necessarily a 66 with a green bean.
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Bedrock of the Community
United States
10982 Posts |
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I thought the gold been meant that it would make the next grade up, not necessarily that it would be "solid" for that grade. Which would mean a 65 gold bean would get a 66 but not necessarily a 66 with a green bean. From the linked article: What kind of coin gets a CAC gold sticker? CAC founder John Albanese describes it as a coin that could "easily green sticker at the next highest grade level."https://www.coinworld.com/news/us-c...ickers.html# |
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Valued Member
United States
314 Posts |
Am I shortsighted for thinking this conversation is missing something without seeing the coins? Maybe all these angles are important if you are trying to squeeze a few bucks out of a resale. Otherwise, don't you just want the more attractive coin?
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Bedrock of the Community
13014 Posts |
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Am I shortsighted for thinking this conversation is missing something without seeing the coins? Maybe all these angles are important if you are trying to squeeze a few bucks out of a resale. Otherwise, don't you just want the more attractive coin? I wouldn't say shortsighted, but you very likely are underestimating just how hard it is to get a gold CAC sticker especially at those grade levels. |
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Replies: 26 / Views: 5,328 |
First Page
Posted 11/03/2017 4:16 pm
