PS: Goldfinger is pretty good at this stuff and uses a lot of big words that make sense (And he reads the Books and studies).Maybe he can opine.
Your observations initially are similar to mine, but if that coin were CACed MS65, I believe current CAC RARE COIN MARKET REVIEW states a $11,200, $33,600 in MS66 value. I believe, a perfect coin to parallel past precedent, if lesser quality coins in that grade can be shown?. Grey-Sheet/C.D.N. couldn't error? JMHO P.S.: https://www.ebay.com/itm/185290270988?hash=item2b2429290c:g:6BAAAOSwH~1h5GIC MS65 easily found in current listings, MS66 with Head,Fingers-Wear/Bag-Marks/Rub/Stain?
Yes, which is the reason I used 64 as a benchmark, because, as you know, the Reach for a CAC in 65, much less 66, is somewhat daunting. The pricing difference shouts that fact. The retail CAC prices you state are accurate. If we look at Blue Sheet PCGS for this month... 64 is 2369, 65 is 3600 and 66 is 15000. If we look at Blue Sheet NGC for this month....64 is 2369, 65 is 3600 and 66 is 12600. Only the NGC 64 was up this month, as a nod to PCGS equality. That tells an interesting story, because that is the bargaining point start. Sure, humans are humans, but we have to be aware that spot related bids are updated every hour. Timing....
That is an 08NM,not a D W/M, and is not comparable to your piece on any level. I am unsure if you are using that piece as an example of Gray Sheet/CDN possibly being an error, but assuming so, that piece is an example of why CAC is trusted. An 08NM this month for CAC RCMR 65 is 3440 and a 66 is 5560 (the 66 is up a little this month). If anyone thinks that eBay piece has not been submitted to CAC already and failed, Bless your heart.
@charley, I know the 08 is a NM, which is believed adequate (i.e. from legal established precedents, which I'd bid significantly would suffice before an objective jurist). I would appreciate your posting a NGC MS65 and MS66 1908-D with MOTTO)
That was good.Kudos. It most definitely can be an adequate legal exhibit for is it or isn't it a CAC. Do you mean post pricing? If you mean posting a 65 and 66 photo with and without CAC, there is a quicker and more accurate way...the Legend site. If you mean pricing, sure. Just let me know. I have everything up to date right here. Maybe a few others can also post prices and photos that would help with the CAC/no CAC choice preference discussion.
Anyone would be appreciated if they knew of a price/images source for past SOLD plain (i.e. without CAC) 1908-D $20 with MOTTO in grades MS65 and MS66. Ebay archives legally reflect adequate condition/price relationships. I suspect that specific date/type/condition coin hasn't been sold by eBay. JMHO
The cost of ANA membership relative to the cost of a coin that you're going to get slabbed and CAC'd is negligible. The amount of information that you get for being an ANA member vastly outweighs any cost consideration. If you can't afford ANA membership, you probably can't afford to collect coins except from pocket change.