CAC coin Premium

Discussion in 'US Coins Forum' started by Derek2200, Dec 5, 2021.

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What is the most premium you would pay (or paid) for a CAC Coin?

Poll closed Dec 26, 2021.
  1. None

    26 vote(s)
    60.5%
  2. 5 pct

    4 vote(s)
    9.3%
  3. 10 pct

    3 vote(s)
    7.0%
  4. 25 pct

    6 vote(s)
    14.0%
  5. 50 pct

    0 vote(s)
    0.0%
  6. 100 pct or more

    4 vote(s)
    9.3%
  1. St Gaudens collector

    St Gaudens collector Active Member

    Zero...If it has a sticker, I pick it off because it looks ugly.
    Often times I have it re-holdered for a Gold Shield/True-View and comes back without one, so that is convenient.
     
    Jack D. Young likes this.
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  3. Kasia

    Kasia Got my learning hat on

    After reading @ToughCOINS comment, I had to vote 100% or more. Not that the bean itself means anything. Not paying for the bean, per se. But some of the coins that get beans are really exceptional coins and the cost to acquire it if you want it could be a lot more than what is said to be the fair price by whatever guide you are going with. And some coins that are not slabbed or are slabbed but have not got the CAC sticker (either because it was submitted and did not pass approval or has never been submitted for a bean) are also exceptional coins and might deserve a premium to attain. I don't think there needs to be one single 'premium' attached to the CAC though. Each coin should probably be assessed based on the factors that make it so. The CAC sticker is just another factor that for some people is worth factoring in.

    The guarantee is a good thing though. It is another hoop that coin has to go through and for some it's worth that extra.
     
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  4. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    In the coins I purchase -- Morgans and Saints -- the premium tends to be about 20-25% for more common coins.
     
  5. Evan Saltis

    Evan Saltis Student/Collector Supporter

    I paid 130 for this in April, and sold for 300 in October.
    93FEC539-A397-41AE-AB0E-0E7618BBF788.png
     
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  6. Jack D. Young

    Jack D. Young Well-Known Member

    I am curious what the "guarantee" is?
     
  7. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    That the coin and slab are legit.
     
  8. halfcent1793

    halfcent1793 Well-Known Member

    I've bought a few coins that happened to have CAC stickers. Never paid extra for the bean and in most cases, I cracked the coin out. I am a good enough grader of the things I collect that a slab means nothing to me.

    So I cracked the CAC.
     
  9. Jack D. Young

    Jack D. Young Well-Known Member

    OK; look this one up...

    ELEPHANTP45SLABOBV_original.jpg

    Cracking it out would have been expensive:D...
     
    Last edited: Dec 8, 2021
    NSP, Kasia and GoldFinger1969 like this.
  10. 1865King

    1865King Well-Known Member

    I have a number of coins with a CAC sticker on them but, I didn't buy them because of the sticker. I have also passed on a number of slabs that had CAC stickers to buy coins without the sticker. The coins I passed on that had stickers I didn't agree on the grade, or it wasn't struck very well, or something about the coin didn't appeal to me. I wonder how many people know that the person running CAC also was involved in starting up PCGS and then NGC. That may be why CAC won't even look at ANACS coins. There should be no reason why they won't CAC other grading service slabbed coins. If the grading is right who cares what slab it's in. But as of right now I haven't seen an actual written statement why not. If someone knows of one let me know. I even emailed CAC about the matter a few times in the past and was told I need to talk to John. WHY? Don't get me wrong I think certified coins by PCGS, NGC, ANACS as has CAC have done a great service to the coin hobby. They have done a great job getting rid of those dealers that took advantage those with less knowledge. Back in the 60's and 70's fraud was common in the coin hobby.
     
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  11. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    I agree: CAC should probably grade ICG and ANACS coins. But it's not my business.
     
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  12. TheFinn

    TheFinn Well-Known Member

    I sold a classic silver silver commemorative half dollar in PCGS MS66 for more than 2X CAC price and it was rejected by CAC.
    I told the buyer and he didn’t care - it was that nice.
     
    longshot and GoldFinger1969 like this.
  13. C-B-D

    C-B-D Well-Known Member

    I have grown to really appreciate CAC. While I disagree with them frequently, they provide a service that benefits dealers and collectors alike. Dealers get a nice premium for their coins and collectors get confidence in what they bought and easy liquidity. Simple as that.
     
  14. KBBPLL

    KBBPLL Well-Known Member

    I know it's an old argument, but this is what the TPG is supposed to do. I guess you could say "extra confidence" instead.
     
    GoldFinger1969 likes this.
  15. Mac McDonald

    Mac McDonald Well-Known Member

    I don't buy often enough to worry too much about what I pay...sticker or not...if I want a coin bad enough, it's worth it to me to pay for it, if within reason, not through the nose, etc. To each their own.
     
  16. Jack D. Young

    Jack D. Young Well-Known Member

    The elephant token I posted above sported the "bean"; I suppose as a counterfeit really good for its grade:D...
    CACED.jpg
     
    ToughCOINS, NSP, micbraun and 7 others like this.
  17. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    CAC means nothing in my buying purchases. I do buy slabs, and even though most CAC'd coins are absolutely beautiful. I would rather buy a raw coin that I can hold Photo correctly( at least try) And put it into my collection. I do have a hard time passing no line fatty's, and rattlers, I think they feel they are elitist. There are more than plenty of soap box slabs left that would easily CAC. Sorry @Insider Your company just doesn't have any Iconoclastic type holders.
     
  18. Evan Saltis

    Evan Saltis Student/Collector Supporter

    however they do have more aesthetic appeal than the bright yellow, distracting, beveled top ANACS has...

    ICG... please hire me! ;)
     
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  19. Pickin and Grinin

    Pickin and Grinin Well-Known Member

    I was talking about the Soap box holders.

    If I knew what you do, and even thought about being a collector at your age, I might have tried to become a grader. Sounds like, fun, One thing required to become a career, Is that you like what you do, I am a 4th generation carpenter, I started my career as a drywaller, yeah I built with my Uncles, Dad, and G'Pa. But Drywall was my passion, I now remodel homes. As long as it is a hobby and a passion, gosh, what a fun job to have after paying your dues.
     
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  20. Evan Saltis

    Evan Saltis Student/Collector Supporter

    Which is why I want to have a career in this hobby, one way or another. I applied for a job at PCGS last year but not really wanting to move to California o_O for reasons all too obvious.
     
    Pickin and Grinin likes this.
  21. longshot

    longshot Enthusiast Supporter

    This is one facet I think ANACS got right. You can easily find what you're looking for in those slab boxes!
    20211209_193030.jpg
     
    Last edited: Dec 9, 2021
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