To CAC or not to CAC - official game thread

I try to "buy the coin, not the holder"; or a bean. I have to admit, I do like the look of coins in a PCGS holder over an NGC one.

 

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I had been on a tear to get rid of all ngc bc of how the Pcgs inventory app / link to CF (registry app recaps everything and easy to use) but realized the foolishness of that. I like the way the ngc holders stack plus the look especially MS69 / MS70 bullion material in them. It appears NGC more of a leader in world coins and pricing of world gold (their world gold price guide).

Currently NGC / Pmg has 257 k vs PCGS 198 k items on ebay. For some reason I can’t explain believe the white background of the NGC holder makes the coin look brighter, more appealing.

Because of deals offered at shows, collections, estates, online opportunities I would go broke trying have everything in one TPG holder. I tend to buy the coin not the holder. As far as beaned material the price has to be right (and the coin definitely PQ) in relation to what I feel can sell it for. If I can’t buy it right pass.

 

Each have their own preferences. You can't see why someone would like PCGS slab. I can't see why anyone would want a modern bullion coin in a slab at all. lol It's like the Buffalo Gold...I can't see why anyone would slab that instead of keeping it in that beautiful wooden box in originally comes in. Baffles me, frankly. Whatever the case, to each their own

Who's next for the CAC game?

jom

 

I'll go...if that is OK. PCGS AU58.



jom

 

That is a mighty nice coin. It has to have a green bean. If it doesn't I would be shocked. I cannot tell if its actually a slider and would get a gold or not.

 

Green bean on 1823 10c Pcgs 58. Nice coin like it. Love the orange toning.

 

No bean

 

That is a dynamite coin with or without a bean. I’m assuming it got one.

 

Yes on the bean.

 

I have been collecting for over 40 years and while I believe in the grades given by NGC and PCGS in some cases may questionable as to the quantity and timing, I do believe in the actual grades themselves. I am not sure how CAC is helpful or even a compliment to a grade as the coin has already been graded so, you are paying for a another company to verify the grade that a "grading' company gave to a coin? Aside from being redundant and unnecessary, what exactly is CAC doing besides scalping more money from a coin & collector? To that point, some believe this so-called CAC sticker raises the value of the coin which again, I find very peculiar as the grade already did this and an additional vote means nothing. So, you people can pay additional funds to verify a coin grade with a sticker that is already done with the original grading but, I see not added value. I will not pay more for a sticker to verify what was done prior. Sorry.

 

I like it but something makes me think JA did not ....no sticker

 

No bean.

 

Green sticker

 

Don't know if JA likes toning but I do. Yes for a Bean.

 

It seems everyone has answered so....



I did not submit this one but bought with the sticker. When I received the coin I was a bit "disturbed" but the hairlines on the obverse. I looked but could not tell whether the lines were from a wipe or whether it was die polishing. Usually the die polishing is in the fields but here it goes through liberty as well. But if it was cleaned then why the sticker? Either way, it's not a look that I care for so I sent the coin back. That's just me though....some others seem to like it.

jom

 

I saw the lines and assumed it was die polish as that would seem too obvious to be missed if it was a sign of cleaning. I liked the color and am neutral on the lines (based on the photo). I know some like die polish lines but I can also see it being distracting.

 

Rd. 1: 1921 MS 65 Green CAC Morgan--> Yes: 4 vs No: 3

Rd. 2: 1835 AU 50 Green CAC 50c--> Yes: 2 vs No: 8

Rd. 3: 1939-S Oregon MS 65 Gold CAC 50c--> Yes: 10 (8 Green and 2 Gold) vs No: 0

Rd. 4: 1838 AU 58 Green CAC (Gold $5)--> Yes: 1 vs No: 5

Rd. 5: 1908 MS 63 Green CAC (Gold $20)—> Yes: 5 vs No: 1

Rd. 6: 1885-CC MS 63 PL Green CAC Morgan--> Yes: 8 vs No: 1

Rd. 7: 1946-S MS 66 Green CAC Walker 50c--> Yes: 7 (6 Green and 1 Gold) vs No: 1

Rd. 8: 1885-S MS 62 NOT CAC Morgan--> Yes: 5 (4 Green and 1 Gold) vs No: 1

Rd. 9: 1830 EF 45 UNKNOWN CAC 50c--> Yes: 10 vs No: 1

Rd. 10*: 1899 MS 65 BN UNKNOWN CAC 1c--> Yes: 4 vs No: 5

Rd. 11: 1942 MS 65 Gold CAC 50c--> Yes: 4 (4 Green and 0 Gold) vs No: 2

Rd. 12: 1940-D MS 67 Star UNKNOWN CAC 10c--> Yes: 3 vs No: 4

Rd. 13*: 1884-O MS 61 Gold CAC $1--> Yes: 9 (4 Green and 5 Gold) vs No: 0

Rd. 14: 1827 AU 55 CAC 10c--> Yes: 1 vs No: 7

Rd. 15: 1851 MS 66 CAC 1c--> Yes: 5 vs No: 4

Rd. 16: 1919-S MS 65 Green CAC 10c--> Yes: 12 (11 Green and 1 Gold) vs No: 0

Rd. 17: 1922 MS 65 NOT CAC Peace $1--> Yes: 10 vs No: 1

Rd. 18: 1851 Au 58+ CAC 1/2C--> Yes: 0 vs No: 6

Rd. 19: 1839-O AU 53 NO CAC 50c--> Yes: 6 (5 Green and 1 Gold) vs No: 3

Rd. 20: 1920 MS 65 NO CAC 25c--> Yes: 4 vs No: 6

Rd. 21: 1862 PF 64 CAC H10c--> Yes: 5 vs No: 1

Rd. 22: 1869 PF 63 Gold CAC 10c--> Yes: 7 (5 Green and 2 Gold) vs No: 0

Rd. 23: 1834 XF 45 CAC $5--> Yes: 2 vs No: 5

Rd. 24: 1835 XF 40 CAC 25c--> Yes: 8 (7 Green and 1 Gold) vs No: 2

Rd. 25: 1876 MS 62 Not CAC 50c--> Yes: 7 (6 Green and 1 Gold) vs No: 1

Rd. 26: 1853 MS 64 Not CAC 10c--> Yes: 7 vs No: 0

Rd. 27: 1913 MS 62 CAC 2.5 Gold--> Yes: 1 vs No: 5

Rd. 28: 1835 AU 58 CAC 10c--> Yes: 3 vs No: 7

Rd. 29: 1908-S MS 64 CAC 1c--> Yes: 9 vs No: 2

Rd. 30: 1913-D MS 66+ CAC 5c--> Yes: 10 vs No: 0

Rd. 31: 1829 AU 55 NOT CAC 5c--> Yes: 11 vs No: 1

Rd. 32: 1851 MS 61 CAC 2.5 Gold--> Yes: 4 (3 Green and 1 Gold) vs No: 2

Rd. 33: 1936-D MS 66 GOLD CAC 5c--> Yes: 3 (3 Green) vs No: 2

Rd. 34: 1941-S AU 55 NOT CAC 10c--> Yes: 11 (2 Green and 9 Gold) vs No: 0

Rd. 35: 1924 MS 66 CAC 25c--> Yes: 3 vs No: 4

Rd. 36: 1936-D MS 67 Texas UNKNOWN CAC 50c--> Yes: 8 vs No: 1

Rd. 37: 1928 MS 66 Oregon UNKNOWN CAC 50c--> Yes: 9 vs No: 0

Rd. 38: 1893 MS 64 Isabella CAC 25c--> Yes: 2 vs No: 9

Rd. 39: 1820 AU 58 CAC 10c--> Yes: 3 vs No: 7

Rd. 40: 1881-S MS 65 CAC $1--> Yes: 7 (3 Green and 4 Gold) vs No: 0

Rd. 41: 1940 PR 66 CAC 50c--> Yes: 7 vs No: 0

Rd. 42: 1824 AU 50 CAC 50c--> Yes: 8 vs No: 1

Rd. 43: 1937 Texas MS 66 CAC 50c--> Yes: 5 vs No: 2

Rd. 44: 1903 PR 63 NOT CAC 50c--> Yes: 9 vs No: 1

Rd. 45: 1857 MS 64 CAC 10c--> Yes: 2 vs No: 6

Rd. 46: 1828 MS 62 CAC 10c--> Yes: 8 vs No: 1

Rd. 47: 1958 MS 67 FBL CAC 50c--> Yes: 1 vs No: 9

Rd. 48: 1902 PR 64 NOT CAC 50c--> Yes: 3 vs No: 4

Rd. 49: 1832 AU 58 CAC 1/2c--> Yes: 5 (1 gold) vs No: 4

Rd. 50: 1902 PF 61 CAC 25c--> Yes: 4 vs No: 2

Rd. 51: 1953-D MS 66+ FBL CAC 50c--> Yes: 3 vs No: 4

Rd. 52: 1880 MS 64 CAC $1--> Yes: 3 vs No: 2

Rd. 53: 1882-CC MS 62 CAC $1--> Yes: 5 vs No: 1

Rd. 54: 1892 MS 64 Columbian CAC 50c--> Yes: 5 vs No: 0

Rd. 55: 1895-O VF 20 CAC $1--> Yes: 1 vs No: 6

Rd. 56: 1880-O MS 64 Not CAC $1--> Yes: 11 vs No: 0

Rd. 57: 1954 PF 65 CAM Gold CAC 50c--> Yes: 7 (7 Green and 0 Gold) vs No: 1

Rd. 58: 1879-S MS 65 CAC $1--> Yes: 5 vs No: 2

Rd. 59: 1949 MS 66+ FBL CAC 50c--> Yes: 3 vs No: 5

Rd. 60: 1880-S MS 66 PL Green CAC Morgan--> Yes: 5 vs No: 7

Rd. 61: 1936 MS 67+ Green CAC York 50c--> Yes: 4 vs No: 5

Rd. 62: 1823/2 AU 58 CAC 10c--> Yes: 6 vs No: 3

Green CAC on coin and deserves it: 23
Green CAC on coin and doesn't deserve it: 17
Gold CAC on coin and deserves it: 1
Gold CAC on coin but should only be Green: 5
Gold CAC on coin but should not sticker:
Failed to sticker but deserves a sticker: 9
Failed to sticker and should not sticker: 2
Unknown sticker status and deserves a sticker:3
Unknown sticker status and does not deserve a sticker:2


Note: if we don’t know the status of a coin before the reveal and more people say green CAC for a gold CAC coin, then it will go in the area of “Gold CAC on coin but should only be Green” ....see round 3 as the example case

*
Rd. 10 was 4-4...I interpreted that CircCam would consider it a no (based on a similar example), which swayed the overall vote to a lean towards no.
Rd. 13 was tied between green and gold at 4-4...I interpreted that geekpryde would consider it a gold

 

Considering my recent track record in this thread am I going to be banned forever?

 

Never!

 

I have made good money on CAC Commems bought at auction in grades 65-66 and then marked up and flipped in online store. One sold within a week easily getting A good markup. Show customers more picky, or possibly less pocket. However some CAC coins lingered in inventory for awhile. The coins which moved the quickest were obviously PQ with super luster no problems. One had light gold enhancing toning. As far as the coins still lingering pushed them out at less above bid to move them. Many of these CAC coins had average luster but acquired cheap slightly below bid not A coins like PQ above. Some sell well some don’t. The project was successful as the PQ getting higher markup floated the boat so to speak. So A coins will get better markup but B lower
Markup or fail break even. Sort of like some opening 2 card hands in Texas Holdem more likely sure winners / good for all in.

However that’s scary the 1832 10c had hairline appearing surfaces. I don’t think would sell well on the bourse and you most likely made a good decision in returning it. For big ticket coins like that I need to see them sight seen on the bourse bc photo no matter how good is not always a good indicator.

The sheet does not give a CAC bid on material under MS63. The CAC bid premium starts shootIng up for grades 66 and 67. One needs to have an understanding of the pricing system plus know how grade and look at coins make money on these. A bad decision on a big ticket coin will swamp your boat. Experienced players will not pay the money for average quality or less. Many collectors really don’t know how look at / grade and price coins so they are beaten from the opening kickoff sticker or not in this smash mouth south of steady market.