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 Replies: 8 / Views: 2,652 |
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Pillar of the Community
United States
3546 Posts |
I want to be totally informed on any unexpected charges or tips on how to make this process happen as smooth as possible. I have never worked with a CAC coin especially with resubmitting one. I have a CAC green bean PCGS coin that has a good chance of upgrading from an MS 65 to a MS65+. Figuring out the cost of round trip freight, insurance and grading fees is important to justify the resubmission. Here are my questions: 1) If PCGS determines that this coin can be placed in a new holder with a higher + grade, what company places a new green CAC sticker on the new slab: PCGS or CAC? 2) Would there be extra charges by CAC (in addition to the normal PCGS charges) to put a new green sticker on the new slab? 3) Does this coin have to be sent to CAC from PCGS to put on the sticker? If so, who would pay the freight and insurance to/from PCGS to CAC? 4) Someone said that CAC does not factor in + grades. If this is true, could a green CAC sticker be placed on a new slab with a coin upgraded from a 65 to a 65+? 5) I am having trouble finding the wholesale and retail prices for + grades since the Greysheet does not provide + pricing. Where is this + pricing data available for Walking Liberty halves? If the $ increase from a 65 to a 65+ is not significant enough, it will not be worth mailing it round trip with costly insurance for a $ 27k coin etc. |
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Pillar of the Community
United States
2049 Posts |
Keep in mind how subjective grading is, even with PCGS. Your 65 coin could come back at 65 again or 64 if the grader is having a bad day.
As far as CAC, it's my understanding that they are a separate company altogether so my assumption is you would have to send the coin to them after PCGS regrades it and sends it back to you. Hopefully others can clarify if this is not correct.
Either way, good luck.
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Pillar of the Community
United States
536 Posts |
So the green sticker means that 2 grading companies have agreed that the coin is MS65. If you submit it again, chances of improvement are slim, and then you would have to resubmit to CAC. If it does go up in grade, there is no guarantee that it will earn another CAC sticker at that new grade. (The sticker is grade dependent not just assigned to the coin.)
In terms of pricing, I've seen that + and * coins are very subjective. Some will possible get a premium, but some won't. A conservative way is to estimate the base and then add 1/4 to 1/3 of that to get a reasonable figure.
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Pillar of the Community
 United States
3546 Posts |
Quote:
...conservative way is to estimate the base and then add 1/4 to 1/3 Is this implying that the $27,000 ($27k/4) retail price for this CAC MS-65 50C conservatively speaking could stand to gain another $ 6750 should the grade jump up to a CAC 65+? Also, it does not seem probable that a 65 CAC coin would descend to a 64 non-CAC coin; that could be a catastrophic decrease for a coin in this pricing category. |
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Pillar of the Community
United States
3546 Posts |
I am trying to get a handle on the maximum possible shipments (with freight and insurance costs) that this coin could possibly have to undergo depending upon what PCGS grades it at.
Depending upon what the regrade is, could PCGS mail it directly to CAC per my request? Would this mean that only three legs of shipping & insurance are required?:
1) op to PCGS
2) PCGS to CAC
3) CAC to op
If PCGS declines to send it to CAC and only sends it back to me, would there be an additional leg needed for a total of four legs of shipping and insurance?
1) op to PCGS,
2) PCGS to op,
3) op to CAC and
4) CAC to op
Do these turn of events seem accurate and plausible?
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Valued Member
United States
452 Posts |
If PCGS changes the grade and/or encapsulates it under a new cert #, then it must be sent to CAC for reevaluation under a new submission tier. I've never heard of PCGS submitting to CAC on anyone's behalf.
If they simply re-holder it under the same cert number, then it can be sent to CAC under a re-sticker tier.
Either way, the submitter is responsible for shipping and insurance for both submissions.
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Pillar of the Community
United States
7276 Posts |
Anytime you submit a coin for consideration you can have 1 of 3 things happen, it comes back same grade, it gets a higher grade, it gets a lower grade. Any of these could happen. Then you throw in a CAC and you have:
It comes back a higher grade no CAC (a green bean means that CAC approve of the grade originally given)
It comes back a higher grade and gets a CAC (best possible solution)
It comes back same grade no CAC (the CAC is off today and you just git unlucky)
It comes back same grade gets CAC (you just spent a lot of money and nothing happened)
It comes back lower grade no CAC (the coin was overgraded and you just lost out a lot)
It comes back a lower grade gets green CAC (you lost a little, use it as a learning experience)
It comes back a lower grade gets gold CAC (you are back to square 1 and spent a lot of money).
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Pillar of the Community
United States
7276 Posts |
I was just reading on another forum, how a cracked out 16-D Mercury dime came back Not Genuine. Once its cracked out all bets are off. |
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Pillar of the Community
United States
4469 Posts |
If you submit to PCGS, and the coin is regraded with a new cert #, you will need to send the coin to CAC. PCGS does not handling shipping to CAC. If the coin is re-graded from 65 to 65+, you need to take photos of the coin before submitting to PCGS. Send photos of coin at old 65 grade with submission, and CAC most likely will rubber stamp and issue a new sticker. If the coin is upgraded to MS66, then, you will have to send to CAC as a new submission. You will also need to be a member at CAC before they will except your submission, or have a CAC dealer or CAC member submit for you.
I have crossed coins form NGC to PCGS and had no issue with photos of old holder at same grade getting new a new CAC sticker.
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Replies: 8 / Views: 2,652 |
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Posted 04/30/2022 08:54 am
