Is a 15% Premium Reasonable for a CAC Bean?

So I'm to the point in my commemorative set that I'm now heading into the higher priced coins. And I'm not comfortable paying the obscene money for a non slabbed example with the fear of receiving a cleaned example. The first pieces for consideration are a pair nice Norfolk Commems. Here are links to two PCGS graded MS66 examples, one priced approx. 15% higher than the other because of the CAC sticker. So my biggest questions are; Is it appropriate to pay this kind of a premium for a CAC? Is this the typical percentage jump over a non-CAC'd piece regardless of coin type/denomination? And would you recommend this on pieces graded higher than 66? Any thoughts would be appreciated.

Higher priced Norfolk MS66 CAC
http://www.ebay.com/itm/1936-Silver-Half-Dollar-Norfolk-Commemorative-PCGS-MS66-SMO112-/330764455613?pt=Coins_US_Individual&hash=item4d03190ebd&_uhb=1#ht_1630wt_986

Non CAC'd Norfolk MS66
http://www.ebay.com/itm/1936-US-Nor...oins_US_Individual&hash=item4605e5f5cf&_uhb=1

 

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Have you ever thought that the coin is priced higher because it is PQ and not simply because it has a "bean" sticker?

 

The green beanie pretty much assures people that (in their opinion) it is graded properly. Since the seller has it listed as a BIN, it wouldn't do any harm to contact him offering less. All he can do is say "No!"

Chris

 

Honestly, I never thought about the PQ, both coins look so similar in terms of tone and quality. But now that you bring that up, it makes lots of sense. I just needed the second opinion and reassurance because this would be my first purchase of this type of coin with the extra CAC bump. And would set up how I buy the other pieces like the Antietam and Hudson in the near future.

 

Since it lacks the 5 pizza sticker the seller is fond of he must be open to an offer.

 

Good idea Chris, I sent the seller a PM.

Shaun

 

The only pizza I know would be comparable in price would be Mountain Mike's here in the bay. And it would still be a couple hundred short

 

I like the unstickered one, but that's just me.......

 

I agree Ken, I think it's just a better photo that makes it more appealing. And you can see the trace hint of golden toning. The other one is imaged a little darker than I'd like.

Shaun

 

If for the non-CAC coin, you may be better off contacting the seller directly via his website. At the very least he should come down the same as the ebay fees and still give a return. As for the CAC'ed coin, I cannot say either way, but do find his sticker nonsense to be in very poor taste. Regardless, if its the "right" coin for you, who cares.

To add to the possible PQ factor that has already been mentioned, have you considered that the non-CAC coin may not have ever made the trip to NJ?

 

I like the unstickered one also. Why not just buy that one and get it stickered yourself

 

The Norfolk commem is exceptionally common in high grade relative to other coins of the series and MS66 is not exactly high grade for this issue. Regardless, I am a very big fan/supporter of CAC and I would not pay any additional funds because of the sticker on one of these coins. They are common coins and many, many of them would receive a sticker if submitted. I see no use for the sticker, and even less for a premium, in this scenario.

 

I think they are both nice coins, and definitely comparable. Is the CAC worth $70 more? I'd probably buy the other one for $425 and be happy with a beautiful coin at a good value.

 

After looking on HA, the the NGC slabbed Norfolks have sold for $100-150 less for a 66 than a similarly graded PCGS slab. There are quite a few graded as such and not exactly a rarity as a result.

 

Just put in a want list on heritage and watch there. You can get CAC'ed coins without premiums - not always, but several times I have. Just a thought.

 

The seller didn't have a "SAME AS 50 PIZZAS" sticker at listing time.

 

It's the same coin, same grade from the same TPG which values the coin in that grade at $550.

The sticker doesn't make or break the coin at all. It's more marketing than anything else. Someone paid more money for one opinion to be confirmed by another opinion.

Go for the cheaper one.

 

Keep shopping the market is saturated in them now and there are nicer ones out there.