Gold CAC - Insane Prices

Seems like Gold CAC stickers frequently sell for way beyond the next grade up. Has anyone here bought a Gold CAC and sent it back in for grading and had a huge jump in grade?

 

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If you think they're selling for a lot now, check out much they were bringing around this time last year...

With the pop of the "gold" stickers on the rise, the premiums they're commanding are steadily declining.

Although, I imagine the sticker will always command some kind of premium for the simple fact that it indicates an under-graded coin by so-called "the most accurate" standards. But always remember, these stickers suggest a conservatively-graded coin by CAC's coin-grading standards - there is no guarantee that if a coin were resubmitted to the third-party grader (PCGS, NGC) that it'd receive an up-grade.

For example; I've heard stories of people cracking coins out of slabs that received a "green" sticker at CAC and up-graded when resubmitted. I've also heard stories of people cracking coins out of slabs that received a "gold" sticker at CAC and either crossed at-grade or down-graded.

What this should tell you is that each third-party has there own standard of grading, and just because one says a coin is "better", that doesn't mean the one across the street will agree.

 

There was a person trying to be the first to 500 gold beans, so they were buying up everyone they could find. They reached their goal and sold it I do believe at the Fun auction this year. Albeit at a loss for some of the coins that I had followed.

 

:devil:
I try to steer clear of that sticker 99% of the time.
as Green beans just add $ not a grade.
they fish in a baited area.
If they Beaned a dates + Coins I would not steer a way from them:yes:

buy the book 1st before the coin that always save you money in the long run.
:kewl:

 

Im a noob at this part in certified coins, ive seen it before but what is a CAC sticker?

 

this this link will tell ya everything.:thumb:http://www.caccoin.com/

 

thanks.

 

I totally agree that Gold CAC coins are selling for outrageously high and unwarranted premiums. Here is an illustration of this phenomena.


This coin in MS-63 with the Gold bean is listed for $300. While it is a nice example of a 23 Peace Dollar, and is clearly undergraded, one must step back and determine whether this is a good value. In MS-63 this is a $40 coin at most. In MS-65 it is probably around a $200 coin, and if it happened to be MS-66 then you are somewhere around $600 (values are approximate). So, despite the fact that the coin, as it sits, is undergraded, the question becomes to what extent? If the coin is submitted for regrading and receives a grade of 64, or 65, purchasing this coin would not be a good value. However, in the event it comes back as a 66, then obviously it would be an excellent value. The odds of that happening, however, are quite low.

 

What a coin is listed for and what it eventually sells for can be two wildly different numbers. The owner of that coin is banking on the fact that white Peace dollars are quite popular as are Peace dollars in PCGS holders and they are even more popular in old PCGS holders (OGH coins). Lastly, the gold CAC sticker places the last bell and whistle on the coin. For many folks, the packaging for this coin is the epitome of what they want in a collection and that can be worth money to some.

Please note that I am not talking down or disparaging anyone who wants coins in PCGS holders, prefers them in OGH PCGS holders or is really happy with a gold CAC sticker. Heck, I wish all my coins had those attributes as I have found they are the most liquid pieces in today's market (given a reasonable sales price).

However, I think we will see at least a short-term shrinkage in the premium that common coins receive for a gold CAC sticker since the last Heritage sale liquidated most of the gold CAC sticker holders from an aggressive collector who nearly singlehandedly pumped the market up on these pieces.

 

Tom, was it the Long Beach auction or FUN. I'm driving so I didn't try looking it up.

 

The SPQR Collection, which featured approximately 300 gold CAC stickered coins, was sold last month at FUN.

 

I always equated a CAC sticker to "Martinizing" dry cleaning.

 

WeirdFishes, that's just one lovely lady! :yes:

 

Similarly, modern raw spouses will regularly outperform 69s. Probably true for other modern coins too.

 

I have a few Green CAC stickers but I've never purchased a coin because it had one. Dealing mostly in toned coins I basically avoid most coins unless the pictures can easily demonstrate bold color with high luster to show it off. I've seen a lot of CAC stickers on dark coins that although nice just don't fit what I like.

 

I thought it only costs $10 per coin to get a coin for candidacy of stickering

 

I believe CAC recently increased their fee to $12.50 per coin, but I also recall that they do not charge collectors for coins that fail the evaluation process. This might have changed.