Which would you prefer? An NGC holder without CAC or a PCGS holder one grade lower with CAC sticker. In this case there is actual market data, and while the prices are close there is a clear winner in terms of auction sale prices. This is a reasonably scarce first year, branch mint issue which often is the product of a poor strike. Here it is:
Pcgs cac. Especially if cac felt overgraded in the higher ngc holder yet solid or premium in the pcgs. Nice coin
I mean, to my eye it's a VF coin, so I guess a VF30 with a CAC is better than a VF35 without. Now if it was an NGC XF40 and now it's a PCGS VF35 CAC... then your in a pickle when it comes time to sell, because most people buy the holder... and XF is much better than VF.
I believe “most people” can’t afford Charlotte gold ;-) Looking at my Liberty gold, my NGC coins all look nicer than my PCGS coins at the same grade or a grade higher. However, if the coin is currently in a PCGS holder w/CAC I wouldn’t touch it.
PCGS CAC especially if it's higher end or rareish or expensive. If its a common grade Morgan it likely doesn't matter much
Since i have a feeling on where this is going. Youre talking popularity contest imo. Like the All-Star games in the NFL-MLB etc. A brand is only as strong as its army of koolaid drinking fanboys. I prefer to blaze my own path- Heavycam Monstervam 2019 (Feel free to use this as your 2019 sig)
It depends on the all important coin itself. I would rather have the nicest coin for my money. I have long argued that a problem free C coin without a sticker in X+1 grade should not be treated more poorly than a B or even an A coin in X grade as long as it is problem free and eye appealing. I suppose I am in the minority.
Of course, it’s all about the coin itself. I believe the OP considers a crossover or a regrade of the coin shown. Maybe he can elaborate?
Been there, done that. Ex NGC AU-55. Always thought NGC was a bit over-zealous in its grade, as it tends to be with branch-mint and early (pre-1834) gold.
Buying? Whichever’s cheaper. Selling? Whichever is more valuable. Otherwise I wouldn’t care less about the holder as long as the price and the coin agree.
For me, it really depends on if the higher grade or the lower grade is the correct grade. (edited to clarify - there is no correct grade, of course. What I mean is, which grade do I think is the right grade)
Ah, nailed it. Coin was in an NGC XF40 holder - sold in a Heritage auction for $2800+ in 2016. Someone put it in an PCGS VF35 holder and got a CAC sticker. As such in auctions last year and earlier this year it sold several times, none as high as the previous Heritage Auction but not a lot lower. Sale prices ranged from $2600 to $2700. Very tight range. That's where it currently resides. I got it in a trade so price was somewhat irrelevant - but it fits well into my 1840 collection which other than dimes and half dimes is nearly complete. It is a nice coin and partly because of the poor strike (which I believe 100% accounts for the weakness in the edges and a lot of the wings) I could see it being XF 40. Under a Loupe there is a lot of original surface roughness in areas that look like wear. I'm totally fine with the current 35 w CAC though. Interesting that market-wise it brought it down a little. One thing - the NGC holder it was in was the older kind with the solid white panel - it would have looked a lot better in a new NGC holder. If I owned it in the NGC holder I would have put it in a new holder and then sent it to CAC. Pic is the heritage shot. Unfortunately for my registry NGC has deleted it's NGC certification number - but I suppose it's good for preserving the super low population numbers.
Haha, of course - but every buyer is someday a seller so....... But here's a question: If an owner of this or let's say the other example of the 55 to 53 wCAC in this thread wanted to go back to NGC and get the previous higher grade - would NGC give it to you without question if you could prove it was in the higher grade holder before (and since it isn't an obvious grading error, just a different opinion)?
No, they definitely would not. You would have to resubmit it and accept whatever grade they give you.
Not to kick up a big fuss, but those are the words of a dying breed. Just look at the incoming to this "hobby." These days, we are buying and selling commodities, under the cover of collecting and trading coins.
Within a narrow price range, you are probably better off with the PCGS CAC holder as it will be more liquid. There are a lot of sticker sycophants who would probably given you a couple hundred dollars above the auction range because John Albanese liked it.
