Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
cac stickers can help a coin when selling
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 6427583, member: 101855"]That was not my experience. I have written in the past the CAC gets it right over 95% of the time, but the mistakes can be big ones. The coin that really was the beginning of the end for me was a better date gold coin that a dealer offered me after I left him a want list. The coin was graded MS-62, CAC, but the it would have had a hard time making it to AU-58. The difference in price because of the over grade was more than $6,000 or almost 50% of the asking price. The dealer wanted not only the retail price, but a $2,000 CAC premium as well. I passed</p><p><br /></p><p>The coin did not sell for over three months. This dealer usually turns stuff over in less than a month. The dealer even asked for offers. None of them were enough to hit his minimum. Finally he sold or consigned the coin to a dealer at the Winter FUN show. </p><p><br /></p><p>CAC is both a matter of grading accuracy and marketing. If you blindly accept their opinion, you can get hurt badly.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 6427583, member: 101855"]That was not my experience. I have written in the past the CAC gets it right over 95% of the time, but the mistakes can be big ones. The coin that really was the beginning of the end for me was a better date gold coin that a dealer offered me after I left him a want list. The coin was graded MS-62, CAC, but the it would have had a hard time making it to AU-58. The difference in price because of the over grade was more than $6,000 or almost 50% of the asking price. The dealer wanted not only the retail price, but a $2,000 CAC premium as well. I passed The coin did not sell for over three months. This dealer usually turns stuff over in less than a month. The dealer even asked for offers. None of them were enough to hit his minimum. Finally he sold or consigned the coin to a dealer at the Winter FUN show. CAC is both a matter of grading accuracy and marketing. If you blindly accept their opinion, you can get hurt badly.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
cac stickers can help a coin when selling
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...