Record sale on Ebay? Reserve not met at 3.5mil

Current bid:
US $6,000,100.00
Reserve not met

 

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I know exactly what CAC is, I'm just wondering if you do in all honesty and from your post my assumption is you don't.

I'm not the fan boy some are for them, but their strongest area is with gold.

So what were you even talking about?

 

CACVS - CAC Validation Service. Of course, this is infinitely iterative: CACVSVS, CACVSVSVS, ...... Does that answer your question?

 

I'm starting to get the feeling that this will become a recurring theme. What is it about my post that would lead you to believe that I'm ignorant on the subject?

I'm saying, based on the fact that many of the holders have stickers, and that it is an extreme high-end collection, that CAC stickers are important to this guy for whatever reason. If that is a sound assumption, then it is also safe to assume that all of the holders were submitted to CAC at some point for certification. That being the case, I'm saying that the information gleaned from the holders with stickers is minimal, but it is the holders without stickers that really tell us something. No sticker means that CAC determined them not worthy of certification. See what I mean?

I'll try to be more explicit in the future.

 

That you said this "I'm saying, based on the fact that many of the holders have stickers, and that it is an extreme high-end collection, that CAC stickers are important to this guy for whatever reason."

No one with knowledge of CAC or the market would make a statement like this about gem level gold.

No that's not even close to what it means at all. You just confirmed my initial assumption

 

I bet $5,000,000 that the reserve will not be met!

 

I won! I won! it didn't meet the reserve!

 

.......and the bid goes on.....I still find it interesting that there were 16 individual bidders (74 bids), I mean 16 individuals registered & qualified to bid.....someone is going to broker a deal. Perhaps the owner was trying to establish the balance point.

 

I'm tellin' ya.... reserve is $7.5m or $9m.

 

From the CAC website:

3. If a coin doesn’t receive a CAC sticker, does this mean CAC believes the coin is over-graded?
Absolutely not. There are many coins that are certified accurately for their grade. Unfortunately, it is an inescapable reality that many are at the lower end of the quality range for the assigned grade. CAC’s rejection of a coin does not necessarily mean that CAC believes the coin has been over-graded. It simply means that there are other coins with CAC stickers that are of higher quality for the grade. CAC will eventually reject tens of thousands of accurately graded coins. Many of these rejected coins will be acceptable to numerous dealers and collectors and will continue to be available in the marketplace. For quality-conscious collectors and dealers, a coin with a CAC sticker will have significant meaning.

 

The criteria doesn't matter (overgraded, midgrade, etc, etc). CAC either puts a sticker on there or they don't, right? Whatever that threshold is, the coins in this auction that don't have stickers didn't meet it.

 

So you were proven to be unknowlable and now it doesn’t matter. Sure

 

.......never mind, this really isn't worth the effort.

 

The effort of what not just saying things to say things?

 

The coins without stickers may not have even been submitted to CAC. There’s no way of telling since CAC doesn’t publicly log TPG serial numbers of coins it doesn’t give a sticker to.

 

They probably were but at that level they aren’t trash for being rejected like was implied

 

Ok, I'll give this one more shot.

- Many of the coins have stickers, which indicates that the seller sees some value in that. He's trying to sell the collection for millions of dollars, therefore, my assumption is that all of the coins have been submitted for CAC certification. Do I know for sure? No. But this is the assumption that I'm working with. If you want to argue the fallacy in this logic, then fine. But that is a different debate.

- Some of the coins do not have stickers, which would indicate that CAC, for whatever reason, didn't find them worthy of certification. I never insinuated that this meant that the coins were under-graded or that they were trash (re-read my posts). It simply means that the coins didn't meet CAC's criteria for certification, which makes the implications more interesting for the holders without stickers as opposed to holders with stickers.

- I stated my feeling that this scenario represents a specific potential downside to CAC stickering when selling groups of coins, as opposed to single coins where these types of things cannot be inferred. That's all!

This really isn't complicated, I just thought that it was an observation that people might find interesting and maybe want to talk about. If I would've known that I'd have to spend the night explaining the basic logic, then I wouldn't have bothered. But seriously, I'm done with it.

 

Thank you.

 

I was just wondering what the 1907 Double Eagles in the set would go for if they were sold individually.

 

And they don't even have CAC stickers!