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Is a Gold CAC Stacker Really Worth that Much?
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<p>[QUOTE="bsowa1029, post: 24656907, member: 34652"]I think it’s a combination of multiple things.</p><p>The older holder is always desirable.</p><p>01 in MS is apparently a tough coin.</p><p>Morgans are arguably the most collected coins…in the world…maybe.</p><p>Add a gold CAC sticker to the mix and you have an explosive recipe.</p><p><br /></p><p>I was seeking PQ Franklin halves in PCGS rattlers for a few years but have since abandoned my search due to the high prices. Average prices have at least doubled compared to what I was seeing just a couple years ago.</p><p>As an example there was a very nice 1954 in MS65 on GC about a year ago that I was going after. It had a green CAC so it went for more than it normally would have. I put in a few last minute bids but didn’t win. Final price was over $450…for a $40-60 coin.</p><p>Another example that includes a gold sticker.</p><p>I sent a few of my Franklin rattlers to CAC, one of them being a 54-S in 64. It was given a gold sticker. The dealer I submitted it through bought it from me for $400 and he still had plenty of room to make money. I wouldn’t value a normal 54-S in 64 at more than $30 personally.</p><p><br /></p><p>Bottom line is yes, gold CAC stickers make some collectors do seemingly crazy things.[/QUOTE]</p><p><br /></p>
[QUOTE="bsowa1029, post: 24656907, member: 34652"]I think it’s a combination of multiple things. The older holder is always desirable. 01 in MS is apparently a tough coin. Morgans are arguably the most collected coins…in the world…maybe. Add a gold CAC sticker to the mix and you have an explosive recipe. I was seeking PQ Franklin halves in PCGS rattlers for a few years but have since abandoned my search due to the high prices. Average prices have at least doubled compared to what I was seeing just a couple years ago. As an example there was a very nice 1954 in MS65 on GC about a year ago that I was going after. It had a green CAC so it went for more than it normally would have. I put in a few last minute bids but didn’t win. Final price was over $450…for a $40-60 coin. Another example that includes a gold sticker. I sent a few of my Franklin rattlers to CAC, one of them being a 54-S in 64. It was given a gold sticker. The dealer I submitted it through bought it from me for $400 and he still had plenty of room to make money. I wouldn’t value a normal 54-S in 64 at more than $30 personally. Bottom line is yes, gold CAC stickers make some collectors do seemingly crazy things.[/QUOTE]
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