Wow coinman. That one is impressive! Great buy. This Morgan is the only CAC slab in my collection so far: This is 1 of 76 that CAC has given a sticker to along with 6-MS67s. While I was looking at them, this one seemed to have the cleanest obverse out of the ones I was looking at. The CAC sticker was basically an added level of comfort. Many will say they don't care and "buy the coin, not the slab." Which I tend to agree with. But the fact of the matter is, if you have two identical coins in identical slabs, and one has a CAC sticker and one doesnt, which do you want? Somebody at some point, paid to have another third party scrutinize and verify the grade of that coin again, while the other did not get that. To some people, that service will be worth more than others. It can't hurt to have another professional, third party's opinion involved in the transactions. If you really like that dime, I wouldn't think twice about paying a 13.50 premium for the CAC sticker. I guess the max premium I'd pay would depend on how much I liked the coin. I think in general, the nicer stuff gets sent to CAC which can set them apart even sight unseen. That's worth a small premium IMO.
I am a collector/submitter and find John Albanese' sticker is very advantageous to me not so much for value but ease of selling. I am constantly upgrading my collections and not wanting to hold the replaced coin or tie up money best spent elsewhere I sell them. Yes, the green bean guarantees grade; it also makes a slab much more saleable. In apples to apples comparison the CAC'd coin sells quickly and does result in a small price increase. But selling rapidly is the key value. As of today I have a '31-S Lincoln NGC MS64R/CAC in an auction of 1000+ other coin lots. That one cent has attracted more attention than any other lot based on # of bids. It works for me.
Forgetting the sticker for a moment, if the coin is nice, I would have no issue whatsoever in paying an extra $13.50 for it. Back to the sticker.... Of those that downplay or minimize the value of CAC -- I will wager not a single one of them have used the service. You can read into that statement what you wish, but to me is speaks volumes.
I was thinking along those thoughts myself. I have absolutely zero interest in trying to convince anyone into the benefits of having the added insurance a CAC Verified Coin provides for ME , both in the Short and Long term . Less competition when bidding .
An indirect (unintentional) benefit is that, in my experience on Heritage, non-CAC coins seem to get less attention than their CAC counterparts (especially those in PCGS slabs), and ultimately, lower bids. Maybe this reflects that some people don't trust their grading skills and gravitate toward CAC coins. This means that non-CAC coins with equal eye appeal can sometimes be gotten for slightly less. Scott Turow says, ideally, buy PQ non-CAC coins, save the premium, and have them CAC'd yourself. I should add that I also appreciate the benefits of CAC for all the reasons people have posted.
I couldn't agree more with what you say above from your earlier post and believe it sums up nicely the benefit of CAC. I also like your Shield a lot—I'm a real fan of Shield nickels—although I don't collect proofs. My view is an alternative one: I'm seeing, more and more it seems, people giving their attention to CAC'd coins while passing by non-CACs, and I think that presents an opportunity. It's the same argument I'd make (and it's certainly not original) about the popularity of PCGS coins over NGC coins of equal quality. People think there's more resale security with PCGS. I do too, but it still presents some opportunities for good deals on NGC coins. I believe my avatar is a good example: it's an '82 66* and I paid about 30% less for it than the same coin in a PCGS slab, judging by Heritage's archives—and many of those, IMO, aren't as nice as mine! And I'm pretty confident it would cross to PCGS.
That is a very nice example of the 1882 issue . The coin appears to have all original surfaces. The fact that the total mintage of Proofs for my 1869 is a mere 600, mostly from sets . The total number of examples that have been submitted through top tier TPG's , both PCGS & NGC amount to less than half that number in all grades with only less than a dozen graded higher than my Proof 65. Mine being one of just seven such Proof verified by CAC. This issue comes to auction once about every 5 or six years. That fact alone somewhat encouraged my bidding the Lot. Everyone has different " Flags " that get raised when searching auctions for potential " BUYS" to make. The auction photo's did not do this coin equal justice at all . I almost fell out of my chair when I received the coin. Through my years of collecting , I have become a highly critical buyer. Some might call me to critical but I like the feeling of knowing my money is well spent or invested . Patience is the single most key attribute that any collector must learn and employ.
So , here's a thought. You send in some coins (5) for CAC certification. Three get the "stamp of approval" and are now worth more money than before. The other 2 get no CAC sticker because they are determined to "not" be up to the grade that is on the slab. Shouldn't these coins now be worth less ... but since there is no "reject CAC sticker" nobody will ever know. It just doesn't seem all that honest to me.
Congrats! Don't you love it? You've been collecting a lot longer than I have but I couldn't agree more. It's what makes those "great finds" all the more enjoyable.
Not sure what's "dishonest" about it. If you're examining a high-end coin that has no sticker, you now have to assume that it might have been submitted and rejected and is therefore possibly (in the eyes of CAC) low-end for its grade (and a rejection doesn't mean it's not its grade; it simply means it's not strong or PQ for the grade). But it's still the same coin and worth no less than before it was (hypothetically) submitted. A low-end coin should look that way anyway, if you've done your grading homework. Of course this doesn't address the gray area between "low-end" and "strong," but this existed before CAC anyway and still comes down to a judgement call by the buyer. I've seen many CAC'd coins I wouldn't touch with a ten foot pole!
