| Author |
 Replies: 23 / Views: 3,782 |
|
Pillar of the Community
 United States
3098 Posts |
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
|
|
|
|
Moderator
 United States
56855 Posts |
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  Edited by John1
01/16/2021 10:06 am
|
|
Pillar of the Community
United States
5825 Posts |
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. |
|
Pillar of the Community
United States
3486 Posts |
Time to re post... What we collectors do is....? Looks genuine.  |
|
Bedrock of the Community
United States
94367 Posts |
|
|
Pillar of the Community
United States
5667 Posts |
Maybe for a lowball collector being in the top 5% of a PO-1 is a bad thing!
|
|
Pillar of the Community
 United States
3098 Posts |
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
|
|
Pillar of the Community
United States
4233 Posts |
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.
|
|
Valued Member
United States
452 Posts |
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?  |
|
Pillar of the Community
United States
1005 Posts |
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed
|
|
Pillar of the Community
2145 Posts |
Quote:
Yeah I guess a gold bean attached to a PO-01 graded coin should be promptly removed   |
|
Pillar of the Community
United States
3639 Posts |
Would a PO-01 with a bean be a has been?
*ducks and covers*
|
|
Rest in Peace
United States
18456 Posts |
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 .  |
|
Pillar of the Community
United States
3343 Posts |
So, um, how much did it cost you Paul?
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
|
|
Pillar of the Community
United States
3098 Posts |
It's not my coin. I saw it on ebay for $1,700, I believe. Paul Bulgerin
|
|
Pillar of the Community
United States
8938 Posts |
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. |
| |
Replies: 23 / Views: 3,782 |
Posted 01/16/2021 10:34 am
