I'm in the market for a CAC approved Lafayette dollar. This coin showed up on one of my saved searches. Upon closer inspection, I was surprised that this coin stickered. I'm not even going to list the PCGS numeric grade, its not relevant to why I think this coin shouldn't be CAC approved. This is no insult to the coin itself, overall I find it an acceptable circulated commemorative coin. Had it not been for certain areas of this coin, I would have bid on it. But I cannot do it, even with a CAC sticker. What do you see and what do you say?
If the coin were not scratched and numerical grade was 40 or less, I say yes, and I’d say no to 45 or better. unfortunately, it is scratched (reverse), so emphatically no, even though the scratches are ancient.
Not only should it not have a CAC, it should not be straight graded. I'm surprised they even put it in a holder! The scratches are worrisome enough, but the glue or residue all over the reverse is even worse! Normally they won't slab something with foreign substances on it.
Ding Ding Ding, we have a winner! The glue in two major areas of the coin made start to question my sanity. Was I seeing things, or misunderstanding something? Appears not, if other people are seeing this as well. My only thinking is that because glue / junk could theoretically be removed from the coin with acetone, perhaps its not considered permanent damage? Like it COULD be removed in the future, so sure, why not just slap a sticker on it? Keep in mind, I'm a CAC "fanboy", so this isn't coming from a place of hate. I am just shocked is all.
that scratch is sort of interesting to me. I saw it, gave me a bit of a pause, but ultimately I was still willing to bid on the coin until I dug a bit deeper. I also have a coin with a very similar scratch pattern, also CAC approved. This one doesn't bother me a bit, but I can see other people wanting to tagged and bagged.
To me that coin should not have received a straight grade. So most certainly no to a CAC sticker. If I was in the market for one of these this would not be a coin that I would consider buying.
Your collection, your coin. If you're happy, great. I, personally, would not buy it. I can see PCGS grading it, but a scratch of that size should absolutely preclude a CAC! That's just my opinion, of course.
I'll pile on. Even without the scratches and residue I'm not sure how it graded XF45 in the first place. CAC isn't infallible either.
This coin I would think market acceptable, as those 2 long scratches appear to be in the planchet before strike, unlike the innocuous shorter scratch at star 8.