Is a CAC sticker ever the kiss of death?

Here's an interesting one. The whole idea of OGH is the generally agreed upon conservative grading that makes it a great candidate for a crack-out. What could possibly be more counterproductive than getting a CAC sticker on a coin like this one that's in an OGH?? Basically says it isn't going to grade any higher even if you crack it out, so don't bother paying a premium for it. Now if it had a gold sticker.... But my understanding is that they almost never put those on a coin.

http://www.ebay.com/itm/1881-s-morg...64?pt=Coins_US_Individual&hash=item23397fc3c8

Were this my coin, I would remove the sticker and go with just the OGH as the more valuable grade designation of the two. After all, they're still making green CAC stickers, they aren't making OGH anymore. What do you guys think?

 

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I like the OGH in the raw........

 

Especially if I agreed with the grade........

 

Testing PCGS Reconsideration Service
(4/28/2014)

Just published by CoinUpdate.com

 

If you know how to work the system you can milk the hobby......

 

That seems all it's become, and even though some old guy will chime in and say it's always been that way, I'd add to that that the modern age of communications and trading has exponentially increased its rapid omnipresent voraciousness and its oppressive pressure on every recess of the hobby.

 

Degraded to a sense. Still, hopeful of the future. I don't dabble much in futures.........but I do make a score every now and then.

 

And who the devil you callin' OLD?

 

I disagree...the OGH isn't what is used to be. Even back then, there was a grade spectrum in each grade. Mid-level coins and up in each grade are easily upgraded using today's standard. That is why so many of those coins have been cracked out and resubmitted.

But, people have always known that there were low end coins back then too...coins that by today's standard are mid-range for the grade. Those coins would not get an upgrade today. Based on what I have seen, the remaining OGH coins are a much higher percentage of coins like this...coins that have been correctly passed over by those who look to crack and resubmit.

By today's standards...these coins are now "solid for the grade" when they were sliders back then. By today's standards, they would warrant a green bean. Not over-graded, but solid for the grade.

The gold stickers are the one's that indicate the coin would grade higher today. Heck, it was practically invented for the OGH coins...because so many were under-graded. But like I said, most of those have been cracked out and what remains are the "low end" coins of the OGH (for the most part)...which today get a green bean.

Now, the reason I disagree with your statement is in today's market...people pay a premium for green beans because they are "solid" for the grade. So, this coin would get a premium either way...at least this way you know what you are getting.

 

My problem is with folks telling me what is 'solid' for the grade. I like to pick and choose for myself and I don't like some dealer telling me that it's solid for the grade based on some sticker affixed to a piece of plastic........

 

The earlier post by CamaroDMD is quite insightful.

 

As for the original question; yes, there are dealers who routinely remove green CAC stickers from OGH and rattler holders specifically because they want folks to think the coin might be undergraded. It is all marketing at that point.

However, one may still check the CAC online database and plug the cert number into the database to find out if the coin had previously been awarded a green sticker that was subsequently removed.

 

Too funny. Yup, raw slabbed coin indeed. If you take them out of the holder they get so raw they begin to twitch around.

 

Oxymoron?

 

Well that is an interesting article, but if I were going to resubmit a coin the last thing I would want to do is send them the coin in the original holder because it would for certain bias the grading on it. No way is PCGS going to bump an MS61 to MS63+ if they knew what the original grade was. Yet the prospect of more than a point gain is quite possible on some of these old holders, especially if the resubmission is raw and then graded sloppy and loose as is so often the case now days. Ditto MS62 to 64 or MS63 to 65. They would never willingly bump a coin two full points. As for the + designation, every time I see one, I can hear Barney Fife screaming "But Andy! She's a dog!!"

 

[QUOTE=" But like I said, most of those have been cracked out and what remains are the "low end" coins of the OGH (for the most part)...which today get a green bean.

.[/QUOTE]That may be true for common coins, but not nearly so true for rare coins that have been in the same collection for 20+ years without changing hands. I collect rare coins, and of course the condition is important, but their very rarity means they don't generally have the same circulation velocity as a series 2006 dollar bill.

 

What we need is a mummy sticker to "unlock value" in coins that might bump because they've been in the same collection for 50 years. This is "the big one" "the game changer"

 

Got a ways to go yet. TPGs and the coins in these holders aren't that old: PCGS founded 1986, NGC since 1987, ANACS since 1972.

 

But, but, but, it's a "long term investment."