1/4 oz Buffalo madness

Thats it, I later sent it to CAC and it got a green bean. I need to update my album.....

 

Log in or Sign up to hide this ad.

Very nice piece! and congrats on the CAC label.

Yes, that young lady could well have used some legal advice. I'm very glad though that she was able to just walk away.

 

Feeling stupid, but no other way to learn-

Whats with this CAC label, green bean speak? Please explain and solve my ignorance

 

CAC

 

Alright, so whats the general view on these guys? That much more strict than NGC/PCGS? Add value to coins? any other thoughts on them?
Chief what was your reason for getting CAC to grade your buffalo?
PS what buffalo did they grade for you? just one?

Thanks for your time and help guys!

I like the idea just hate hate hate having to pay membership fees to all these damn people! I feel like if you want to submit to PCGS, NGC, CAC, etc you need like $500 a year for membership fees.

 

One more question- says they dont accept "Bullion and modern coins will not be accepted for submissions."


How did you get the buffalo done if this is the case?

 

You might just want to do a CT search on 'CAC' to see some of the conversation that has taken place, but yes, you will find many CAC labeled coins bringing more significant prices realised, but that's over simplifying it and none of my coins are labeled CAC so I can't give personal experiential advice about it, just what I've seen/heard others discuss. And you can always steer clear of membership fees and save on submission fees by finding dealers to submit for you or buy coins that have been designated previously.

 

True that! thanks Krispy!

Any info on how chief got his buffalo CAC certified? I know hes magical and all... but it does say "Bullion and modern coins will not be accepted for submissions."

 

No CAC labels on my Buffalos......:thumb:

Not sure where I said that......

 

Not sure that you did...
Krispy said-Is that the coin in your Album Chief?

You said-Thats it, I later sent it to CAC and it got a green bean. I need to update my album.....

didnt know what coin you were talking about but I assumed the buffalos from your pic because that was the only thing I saw
My mistake!
and thanks again for that profile pic- makes me giddy every time I see it. haha
​

​

 

Not long ago MCM was paying $2000 for 1 oz Proof Gold Eagles, now they are back to $1400. If I had any 1/4 Buffalos I would sell into the frenzy. Maybe get a UHR for the same money.

Lack

 

I disagree. While from an intrinsic value, it would be a great trade, history has shown that every time you put Fraser's buffalo design on a modern coin, they sell like crazy. The values of these are much more like coins than gold, and therefore should not be judged by their gold content, but rather by their demand.

IMHO the 1/4 oz coin is popular because of it's similarity in size to the actual nickel version. There are less than 4,000 of them and so the demand for them is going to be very high for a very long time and I don't think we've seen the ceiling by any means.

 

1/10 oz AGB is also can compete with 1/4 oz. but 1/2 oz is a better buy and with potential to catch them all.

 

right now the abp for proof eagle is $1,600.00. apmex is still way behind at $1,400.00. and the abp for ASE proof one ounce is $50.00. but apmex is buying only at $45.00.

note: cdn bid for AGE proof is $1,625.00. and cdn bid for ASE proof one ounce is $54.00.

 

Here's one that sold for $11,915.00 bearing the fraudulent PCGS "First Strike" designation

and another that sold for $11,500 bearing the meaningless NCG "Early Releases" designation.

This would explain why MCM is willing to pay $7000 for a set.

 

What exactly is meaningless or fraudulent about those coins?

 

Refering to TPGs using marketing tactics like "First Strike" designations on their labels to imply the coin has more value than another coin that gets the same grade without the designation.

 

I dont think they imply anything, I think they offer a different label service and the market decides that its worth more.

I think the idea behind that is that coins struck when the dies are fresh are better in terms of depth, eye appeal, luster etc. Could be that im 100% wrong about this, but it seems when I order coins the day they come out I get better ones than if I wait 5 months and then order them.
Does not seem like a fraud to designate that on the coins slab. As I said, I could have this all wrong but from my understanding it makes sense. Any other takes on it?

 

I think he was referring to the printed designations on the slab labels and I feel the same way. A bunch of meaningless hype.

 

You are right, the labels don't imply anything, but as a marketing device to a niche market of collectors who may be willing to pay more, they (the TPGs of one company) are attempting to get the paying collectors to identify with these labels, and that company, as bearing a product of greater value to that of another TPG graded coin, from the same TPG or another TPG with the same grade, to be of greater value. The TPGs wish to convince the market to think this way so that they may profit from this incorrect perception. Only the TPGs can get these labels to reinforce the concept of limited or unique products.

I don't see the difference in a 'first strike' Proof 70 being any different from a Proof 70 that's graded by the same company but without the designation because the coin was a little older during the minting year.

Maybe they need to start marking coins with unique serial numbers that correspond with dies in use, the ways notes can be traced to print runs.