I have seen several coins up for auction sporting the green CAC label and I have noticed they are way above retail for the date and grade. Even in a coin shop I went into some were nearly double. Is that green bean worth that much more? I hear everybody say buy the coin not the slab, but it seems the slab means something to somebody. A lot of post on here even talk about the slab being collectable and for what reason I'm not sure as I have only been learning about graded coins for last couple of years. I guess I'm a slow learner or just extra cautious not sure which.
Is probably just people getting carried away Cac coins usually do bring a bit of a premium but most of the coins would anyway cause most are nice coins I'd say on average maybe 10% extra is about right for a bean maybe less now there getting so much more commonplace
I would think very few coins would be worth such a premium simply because of the CAC sticker. Perhaps these are simply nicer coins for the grade?
Are the coins you are seeing with a 100% premium attached conditional rarities in the next higher grade?
LEHIGH makes a good point . Lets say a coin is worth a $100 in AU-58 but are very rare in any MS grade and could go up 300% or more in the next grade . If that Au-58 is a high end for the grade coin it could very well command 200% .
As I understand it a coin graded (let's say) MS-64 with a green CAC sticker would be equivalent to a MS-64+ or a MS-64 star. In other words a VERY good -64. But it's still a -64. It should never be priced higher than an MS-65. (Assumption: The coins are correctly graded.) But IMO things change when dealing with an AU-58. That's a WHOLE 'nother story.
Kanga, I wouldn't say that exactly. My understanding is that CAC identifies the A/B coins for the grade. A "+" means the TPG believes it's better than the grade, but not quite the next grade. The "*" is for great eye appeal.
Lehigh makes an excellent point about conditional rarities. Some coins are super common up to MS63 and then become VERY rare in MS64 and above. Those coins tend to have very huge price jumps for grades above MS63...much more than normal. So, you must know the coin. If it is on of those coins, I can see a strong premium for a green bean since the green bean means the coin is solid for the grade. That said, I have seen a lot of coins for sale with CAC stickers that carry an unwarranted premium. It happens. Some people will pay very high prices for that sticker when the coin doesn't deserve the price. It just depends on the coin. I personally don't subscribe to the old "buy the coin, not the slab" saying...but I'm in the minority around here. I have a slightly different view.
Camaro, When interpretation of "buy the coin, not the slab", is to make sure you don't blindly follow the grade assigned by the TPG. Grade the coin yourself and see if you agree with the TPG. Of course, I'm assuming the coin is in a NGC or PCGS holder.
I agree...but I have seen some interpretations of that statement that mean the holder has no value and I completely disagree with that. Also, in the world of online sales...when you can't view the coin in hand the slabs are a very nice safety net. Also, there is a certain learning curve when learning to grade coins. Someone is who is new or lacks that skill set is safer when buying slabbed coins (especially expensive examples). I am a firm believer in evaluating the coin and deciding yourself what the grade should be and if the coin fits in your collection. We shouldn't blindly follow the TPGs...you are completely correct IMHO. But, there is a large group here who will say that the slabs have no value and purpose and I disagree with that belief. Like you...I am speaking only of PCGS or NGC.
Camaro, we are definitely on the same page. The NGC/PCGS grade is the starting point and IMO, does add a tremendous amount of value, not all of it on the monetary side.
I think we are too. It adds a lot of security and makes the coin more liquid. I really think they do serve a good purpose...but I also think that many collectors use them as a crutch. I also think they add some monetary value...which depending on the coin can vary. My reasoning is this. When a TPG (PCGS or NGC only) evaluates a coin...they are an expert in the field giving their opinion. It's similar to a MD giving their opinion about someone's health...their expertise has value. With a coin, the TPGs label the slab with that opinion. That opinion alone has value. The coin is not any more valuable in the slab or raw...but IMHO, the package of the slab with the coin is more valuable than the coin alone. Of course, depending on the coin...that value could be negligible.
Simply put, green CAC means the coin is solid for the grade or high end for the grade. If a coin is low end (for the grade) or overgraded (in the opinion of CAC) - No sticker. Coins which are clearly, no doubt about it, undergraded- get a gold CAC sticker. CAC stickers can bring a good size premium on series that the grading standards have become too lenient, such as gem Saints. Or on coins where a lot of doctoring goes on, like bust dollars, old red copper, early gold etc. As for 100% premium, that seems extreme. But as always, nice coins for the grade sell for good money.
Me I like slabs to be able to buy coins sight unseen I know a grade it's genuine and (hopefully) problem free that's a starting point I then evaluate the coin for eye appeal color strike if I agree with the grade whether I like it or not etc I then make the decision to buy or not (of course depending on price) many of the coins I buy in person are raw tho as their coming direct from estates or old collections rather then more recent collections that would have got them graded. I've slowly been getting my raw coins graded the last couple years as I'm looking at future resale
Am I understanding right? Anacs graded coins are not given the credit PCGS or NGC coins would get? I thought ANACS was a reputable TPG and could be relied upon for accurate grading? I really am a novice when it comes slabbed coins.
Am I understanding right? Anacs graded coins are not given the credit PCGS or NGC coins would get? I thought ANACS was a reputable TPG and could be relied upon for accurate grading? I really am a novice when it comes slabbed coins.
ANACS used to grade coin like the others , but since they changed owners they have gone down hill . Stick to only PCGS or NGC . But you can still find some great coins in ANACS slabs but you have to know how to grade . ANACS also sell for less than the top 2 .
We've all seen coins sell for tens, sometimes hundreds of dollars more even though they are graded the same numeric grade. Of course, for every really nice, for example, MS65 we see, there are a dozen crummy looking MS65's. Which one are you going to be willing to shell out more dough for?
Your reply makes perfect sense to me. I have seen some coins and wondered how they made the grade and others that I felt were spot on. I'm not nearly as good at grading coins as so many on here are, but I enjoy the post where members ask you to guess the grade. I have learned to take a little time and also a second look. I know several instances where I saw a picture of a coin that was posted fell in love with it only to read a few post that spotted flaws I missed because I was so impressed with the first impression. I also really appreciate all the information posted in this thread.
