NGC MS 66+... Should I CAC?

This coin has been in my collection since last December and is my best Morgan Dollar that I currently own. I have been debating on whether to CAC it since it is such a high grade with a PL assigned to it. Once CAC'ed, it will be worth in the $600s range. Should I do it? Thoughts, concerns, comments....

 

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Tough call, crap shoot, roll the dice......

Nice looking coin though, and while I'm ill equipped to advise you, you are the 'Captain'......

 

Bit a stretch calling that a 66

 

My thoughts are how it got the 66+ in the first place. Definitely maxed out, so no bean IMO.

 

It won't CAC. That should be a 65+, not a 66+.

Don't get me wrong, it is a nice coin and you should definitely be proud of it. But, just be aware that it is slightly overgraded.

And, I'm not sure why you're mentioning PL... I see nothing PL about that coin (from these pictures.)

For comparison, here is a 65+ DPL Morgan:

 

That is a fine looking coin!! I agree with our fellow enthusiasts: max'ed out. I'd actually be worried CAC would go lower.

 

that makes sense. It looks PL in person, I just shot it at a weird angle. The lustre is full and intact on this specimen, which is why I believe they graded it higher. If there were only those bag marks, the coin would grade lower.

 

The picture doesn't inspire confidence in the 66+ grade in my opinion.

However, if you have a CAC collector membership (or know someone that does), it wouldn't hurt to send it in (likely with some other coins in order to save on shipping). The cost is $14.50 per coin plus whatever it costs to ship it back and forth. If the coin fails, you receive a credit for the $14.50 (if you send it through a dealer, then there would be no discount and you have to account for whatever costs the dealer would add).

 

I’d send it. + coins often cac

 

That’s PL???? Sorry, NGC dropped the ball on that one

 

Be happy with it as is. Any attempt to make it better may be a mistake.

 

Maybe I don't understand CAC correctly.
I thought CAC stuck its label on NGC/PCGS slabbed coins that they deem are in the top 5-10%(?) for the assigned grade.
Is it your opinion the your MS-66+ is really an MS-66+++, i.e., better than MS-66+ but not an MS-67?

 

From their website, it appears they sticker more than the top 5-10%. Those top 10% would fall into the A group. B quality coins are also stickered.


And the plus is ignored by CAC. However, if NGC gave the coin a plus, it suggests they thought it was better than low for the grade. So the chances of a sticker on a plus coin should be higher based on the TPGs indication that those coins are already solid or better for the grade (in practice, not every plus coin stickers though).

“For many years, coin dealers and advanced collectors have used the letters A, B, and C among themselves to further describe coins. C indicates low-end for the grade, B indicates solid for the grade, and A indicates high-end. CAC will only award stickers to coins in the A or B category. C coins, although accurately graded, will be returned without a CAC sticker”

https://www.caccoin.com/faqs/

 

It's amazing....the TPGs give + and * designations and yet their own graders can be off 1-2 grades. But we're supposed to believe they are accurate on grading 1/2 numbers.

 

Why pay more money just to have CAC confirm the grade? It may increase the selling price, but I as a collector, don't give CAC any credit for sticking a bean on a graded coin, but that's just me.

 

CAC ignores + and * designations.

There’s been a push to make grades increasingly precise and people buy into it, but precision is not the same thing as accuracy

 

The cartwheeling gives it away, it's not mirror-like.

 

CAC doesn't go lower. If they don't think it's worth a green bean at its current level, they just send it back to you.

 

Why not? It won’t cost much to find out.

 

Maybe it’s just the lighting but, that coin does not look MS66+ and looks even further from being PL. Did NGC actually grade it as PL on the label or do you just personally think it’s PL?