NGC MS 66+... Should I CAC?

The circular scratch in the field in front of Ms. Liberty's face and the marks on the cheek, the coin is a marginal MS-66 at best. I can't say what CAC will do, but if I were a CAC grader, I would not put a sicker on it.

To me, the MS-66 grade means you have look really hard to find any marks. If you seen them, the first time you look at the coin, it's not an MS-66.

 

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I haven't been active in MSDs in a while, but we have some specialists in those coins, maybe they can chime in.

 

Can you please post a picture of the coin in the slab, showing the cert number?

 

You are entitled to grade by your own standards, but that is not what a 66 is unless someone has really poor eye sight.

 

I’d have the same question

 

I guess if your are a supporter of grade-flation, that is the new standard. To me MS-66 is a special grade. It’s not a grade for a coin that shows marks at the first glance.

Of course I am near sighted so I often see more things without a glass than more people.

 

The "first glance" part is a little subjective criteria but I know what you mean I value the first glance a lot with MS65 and up not because I expect them to have no marks but I don't want any of the marks to be distracting and the first glance usually tests that factor.

Also it's not a matter of supporting grade-flation. It's a matter of knowing how the TPGs grade and making decisions based on that. If you are consistently a grade lower than the TPGs then the TPGs are being consistent you just have a different standard and that's fine. $10 libs come to mind since it's one of my favorite series. People who don't know how they grade $10 libs will always be a point low guessing because of contact marks. The TPGs are to me incredibly consistent however with this series. So while I don't support the way they grade them (and in my experience it's not even grade-flation with $10 libs I've owned multiple OGHs) and think they're too lenient with contact marks - they're consistent and I can make decisions from pictures based on what I know.

 

I had this 1901 $10 gold liberty graded by NGC about 20 years ago. When I sent it in, I expected an MS-64 because of the marks on Ms. Liberty's face and the bigger mark in the field on the reverse. When it came back graded MS-65, I was surprised and thought that it was over graded. I sent this coin in for grading via a dealer, and he was surprised that it graded MS-65.

For years I saw better ones in PCGS MS-65 holders. Now this piece is equal to what I see in new PCGS MS-65 holders, so the standards have slipped a bit.

Here are two sets photos in and out of the holder.





BTW I bought this piece when I was in high shool over the counter from Stacks' circa 1965. Back then it was called "Choice Unc.

 

One of the things that turned me into a conservative grader was the reactions I got from dealers when I tried to sell something as a young collector. They were quick to point out any defect and make that the reason why they would not pay a good price for a coin. I learned to look for the “good stuff.” Then when a dealer refused to buy something it would only be because he didn’t need it, or the price was too high for him. The grade was not the issue.

The same is true with certified coins today. When dealers are looking to buy, they whip through boxes really fast. If they see a noticeable mark on an MS-66 graded coin, they give it about 4 second look, and it’s back in the box. Material, with issues, end up in auctions because the dealers figure they will get more money if they get less than astute people bidding. Sometimes dealers just want to liquidate “dead stock.” That’s why you see many disappointing coins in auctions. The “good stuff” (properly graded, attracted material) often gets sold to retail customers.

That’s not to say that there are not good coins in auctions. There are good coins in auctions, and sometimes that’s the best place to sell something that is rare and special. But a lot of the “stuff” that is in auctions, is there for a reason.

 

Mail order or did you live near NYC and go to their showroom ?

 

I bought personally it over the counter. I grew up in rural Delaware, and getting to go to “the big city” was a special. i came to dislike the farm at an early age. It was not my thing. I was on trip to attend the Columbia Scholastic Press Association meeting which was held for editors of high school newspapers.

When I got old enough to drive, I frequently went to Philadelphia which was about 100 miles away. The head of the coin department at Gimbels Department store offer me a job when I was 16.

 

Send it in if your a CAC submitter and the CAC premium per CDN makes it worth your while.

 

That might be true for a PCGS – CAC approved coin, but it’s lot less certain for an NGC – CAC approved piece.

 

actually, it you are a collector, CAC doesn't charge yoou

 

I agree. If you can piggy back on a collector submission, submitting to CAC is almost risk free, and you’ll learn something. The learning might be worth the price of a submission, even if you can’t get in on a collector tier.

 

I think it's overgraded. I wouldn't send it in.

 

That's not a PL coin
If the cheek was a little cleaner maybe a 66 but not sure on given grade
NOT a football person myself either :/

 

I will say as a collector dealer cac coins are more liquid easier to sell and sell at a premium. That being said I’ve sold some wonderful non cac coins with huge eye appeal for good premiums. And I usually know why they didn’t sticker. Often it was spectacular album toning that was secondary toning after an ancient dip. But not being strictly original they wouldn’t sticker them. I find cac coins are good at weeding out coins with surface issues that the tpgs call market acceptable

 

Let folks think it will upgrade. More money in your pocket that way.