6 coins just back from CAC, guess which ones passed.

Awesome, which of those do I win?

 

Log in or Sign up to hide this ad.

GET IN LINE!
[nicely said]

 

Ok guys, thanks for playing. The 2 flunkies were the Indian QE and the 1926 Saint. The Indian was rejected for obverse friction and the Saint for the hit across the rays above the sun.

I thought the Indian QE would pass. The 1914 D is not a well made issue and is often weak on the "popcorn" and eagle's shoulder. But on this coin there isn't much obverse luster, yet the reverse luster is better. Not many marks for a 62.

I figured the 1926 Saint would flunk simply because the sticker rate for gem Saints is only in the 5-10% range. If this is a 65 "C", there are a lot of 65 "D, E, and F" coins out there. The luster and color are nice and there aren't any big hits across the knees, chest or eagle.

A lot of people guessed the 1859 $10 would be rejected, I thought it would too. There isn't a ton of wear, but there are lots of circulation marks and the surfaces are slightly glossy - making me think it may have been lightly cleaned. I also thought the color by the date was unusual. I showed the coin to Doug Winter and he said he liked it, especially the color.

A lot of people guessed the 1913 $10. I wasn't sure about this one either. In hand the luster is great, with just a touch of wear. There are several good sized hits, but more importantly a spot was removed from the field by the nose. This was the first coin I ever bought and there was a small speck of crud stuck to it. I figured i could delicately pick it off - D'oh!!!

I had no doubts that the 1928 Saint would pass. In hand, the luster is booming and bag marks are well hidden.

I wasn't sure about the Peace dollar. Surfaces are very clean, but the luster has no flash or cartwheel at all. Does anybody know why some coins have such a satiny luster, while others are flashy?

Photos by Messydesk.

 

It's all pretty subjective, even at CAC

 

I think CAC was a bit harsh on the 1926 Saint. I wouldn't be surprised to see it sticker if you resubmit it in the future. It wouldn't be the first time that CAC revisited its decision and arrived at a different conclusion. On another note, if you do decide to try again with your next submission, collectors are refunded for coins that don't sticker so I don't see a lot of downside to trying again.

 

True. But I heard that marks going across the rays are almost always rejected on 65 and higher. I don't know off hand the bid on 65 CAC Saints, but usually they are hundreds higher than non - CAC. So, there might be some financial incentive to try again.

I don't know when the next submission will be - I am out of coins!

 

Here is the 1926 when I first bought it. Covered in PVC or putty or whatever.

 

It cleaned up nicely, and I am glad that there weren't a bunch of problems hidden under the putty.

 

Their risk is minimal when their CACing coins is not much of a $$ issue. Any coins where their bids are a lot stronger, gem type and better date gold, etc. is very difficult to get the CAC sticker unless they have inventory requests from their main buyer, Blanchard and are having trouble filling those orders. Early Bust coinage is very tough to get the CAC sticker, the coin has to be all there. And frankly their buy offers aren't very strong, oftentimes at CDN bid.

 

Blanchard, huh. I always wondered to whom CAC sold the coins they bought

 

What coins have you solicited bids for? Granted some of the prices are dropping (and reflect the larger coin market), but all of the bids I have ever been offered were very fair and in some instances, more than I paid for the coin.

 

I have submitted around 100 coins, probably closer to 150 or so. In many cases the CAC sticker is not justified well based on the 40% overall success rate average for submitters, the $12.50 per coin cost (with failures worked in, shipping and extra trouble makes success cost around $30 a coin). I have sent them quite a few popular type coins in the $100 to $3000 range. Just a few of them were met with significant offers over GS bid.

 

Can you re-attach photos of the 1928 Saint that CACed ?