I just ran across this in an action and was wondering about the CAC sticker. I know CAC is supposed to be for well graded and better eye appeal coins but look at the coin and come to your own conclusion. http://www.davidlawrence.com/auctio...976ccb5f4-81260081-2BFC-0A80-3021EE1ACC1D4ADA
Well all the cac sticker means is that the coin is acurately graded or supposedly choice for the grade. The 22's are hard to grade so I can't answer if it is graded correctly or not. To me it looks like a weak strike on there so VF20 might be a good grade. I am not an expert on Lincolns.
I thought the CAC sticker ment that the coin was in the higher half of the grading for that grade. So in this case it just means that this coin is on the high end of the vf-20 grade. Im sure its easier to explain on the high end of the scale. If you have a PCGS MS-66 CAC then the coin is in the higher half of the MS-66. On a good day it might grade MS-66.5 In this example maybe the grade should be VF-20.5 Not a big upgrade or indicator of added value on the lower end coins, even on rarer coins in my honest opinion.
That reserve is pretty optimistic for a VF-20. I have seen many a 35 just above that range.....$1550/$1700.
WmsJewelers has already told me what he thinks of my grading, but for the rest of you; Even the 1922 strong reverse does not have a well struck observe. I think this one is VF, but it also has some wood graining which makes it difficult to read for sure. However, am I the only one who thinks the coin has been cleaned? And, yes, it is overpriced as AJ noted.
I don't think the coin is nice at all. The toning takes away from the appeal and their are spots on the reverse. Cleaned or not I would have never put a CAC sticker and that coin.
it got a cac sticker because its a major rarity, just like the same way it got into the slab as a VF-20 instead of body bagged for what looks like environmental damage, or corrosion. Either way that coin does not look nice.