CAC results: one trend continues and one new one arose!

Discussion in 'US Coins Forum' started by C-B-D, Apr 12, 2019.

  1. C-B-D

    C-B-D Well-Known Member

    The trend that continued for me is that my low value coins sticker and my high value ones fail. It is what it is: typical for me.

    The new trend however is 4 gold stickers in one order! What?!?!! Truth be told I frequently seek out $25 coins in old rattlers etc that I think are gold CAC eligible. Never have I gotten so many at once, though!
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    Nothing wrong with your coin buying eye.
     
    Paddy54 and C-B-D like this.
  4. jtlee321

    jtlee321 Well-Known Member

    Nice job!! The gold CAC stickers on Morgans certainly drive the premiums up when selling. CAC does not give Morgans gold CAC stickers too often. Buffalo Nickels and Mercury Dimes are the easiest to go gold. You have the same buying eye I have, old rattlers that look like they would go gold. :)
     
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  5. C-B-D

    C-B-D Well-Known Member

    Yeah, I call it "fishing for gold cacs." I once sent in an commom date AU55 Lincoln Wheat Cent that was red and it came back gold CAC. But it was literally a $5 coin. I just auctioned it and got like $40 for it. Someone messaged me at the end of the auction (not the winner) complaining about how I got $40 for a $8 coin, like it was my fault the buyer paid that much. I didn't respond, but there are collectors out there who collect the holder or the sticker. It is what it is.
     
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  6. jtlee321

    jtlee321 Well-Known Member

    You should be ashamed of yourself for trying to make money in a capitalist society. Sheesh, it's not like you held a gun to buyers head. As the old saying goes, "a fool and their money are soon parted". It's not our fault if they are willing to do it.

    Just look at some of the recent auctions on GC, people are willing to dump mad money on stuff I would never consider spending half the amount on. It's like the gas stations across the street from each other, one charges $3.10 per gallon for regular and the other $3.70 per gallon for regular. Somehow there are people willing to pull in to the station charging $3.70 per gallon instead of crossing the street. I'm sure they have their reasons for willingly paying $0.60 more per gallon, yet none of them make sense to me.
     
  7. C-B-D

    C-B-D Well-Known Member

    Well, I mean, a common date AU55 wheat cent, even a misgraded one, is a novelty item. It's sort of unique even if not worth much. Maybe a PCGS hater bought it as evidence against their grading standards? Who knows? But I think Gold CACs are neat. Green stickers don't impress me and don't impact my buy prices. But a gold gets my attention.
     
    jtlee321 likes this.
  8. C-B-D

    C-B-D Well-Known Member

    The coolest gold CAC I ever saw was at a coin show probably 5 years ago, and I wish I had bought the coin. It was a PCGS old green holder AU55 1808 (date?) Classic Head Large Cent, and it was clearly an MS63. (Priced like it, too). Full luster, great surfaces, but the graders mistook weak strike for wear. It was choice in every way and I bet it was cracked out and properly graded at some point. I would've kept it as it was, though. I regret not having the cash to buy it at the time.
     
    Last edited: Apr 13, 2019
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  9. Mainebill

    Mainebill Bethany Danielle

    I’ve had a few. My favorite was a pf 63 1869 seated dime that was gold cac in old ngc. Was a eye appealing 65 and I sold it right away to a collector who loves old holders and toned coins
     
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  10. Mainebill

    Mainebill Bethany Danielle

    I regret not buying an au 55 ogh pcgs gold cac 1844 $1. I underbid a few years ago was a toner 58 slider unc
     
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