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CAC ? 1 more way to make you pay more?
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<p>[QUOTE="Lehigh96, post: 466173, member: 15309"]IMO, the CAC's real market should be the conditional rarities. If you have a coin that is valued at $500 in MS65 and $375 in MS64, the CAC sticker is not that valuable because the total price difference between the grades is only $125. But if you have a coin like the 1934-D Peace Dollar that jumps in price by 3X from MS64 to MS65, that MS65 1934-D Peace Dollar would benefit greatly from the CAC sticker.</p><p><br /></p><p>If I had any conditional rarity, I would submit the coin the CAC for review. Of the last 5 1934-D MS65 Peace Dollars sold by Heritage, the top price was $2,185 and the low was $1,121 with wholesale price at $1,775. That is huge volatility created by the fact that the conditional rarity of the issue creates the need for a half grade. The CAC basically provides you with the half grade. Those 1934-D gem Peace Dollars with a CAC should bring the $1,800 price tag whereas those without should be relegated to a lower price in between the $600 MS64 price and the $1,800 MS65 price.</p><p><br /></p><p>I see absolutely no reason to send any coin valued at under $500 to the CAC. The loss from a misgrade is just too low to justify the extra cost of getting the CAC's review on the coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 466173, member: 15309"]IMO, the CAC's real market should be the conditional rarities. If you have a coin that is valued at $500 in MS65 and $375 in MS64, the CAC sticker is not that valuable because the total price difference between the grades is only $125. But if you have a coin like the 1934-D Peace Dollar that jumps in price by 3X from MS64 to MS65, that MS65 1934-D Peace Dollar would benefit greatly from the CAC sticker. If I had any conditional rarity, I would submit the coin the CAC for review. Of the last 5 1934-D MS65 Peace Dollars sold by Heritage, the top price was $2,185 and the low was $1,121 with wholesale price at $1,775. That is huge volatility created by the fact that the conditional rarity of the issue creates the need for a half grade. The CAC basically provides you with the half grade. Those 1934-D gem Peace Dollars with a CAC should bring the $1,800 price tag whereas those without should be relegated to a lower price in between the $600 MS64 price and the $1,800 MS65 price. I see absolutely no reason to send any coin valued at under $500 to the CAC. The loss from a misgrade is just too low to justify the extra cost of getting the CAC's review on the coin.[/QUOTE]
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CAC ? 1 more way to make you pay more?
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