Wells Fargo GOLD ( finally realized )

I don't think that is a logical interpretation of the comments.

Just in case, and to avoid misinterpretation, please note that, my comments are not referring to CAC or CACG pieces $.

Straight-on comparison is:

OP paid 2.7 K for a 65. The Present Wholesale is 2.35K

The 66 is Present Wholesale 3.15K Legend and Greysheet Wholesale.

The 66+ is Present Wholesale 4.65K legend and Greysheet Wholesale.

IF....the 65 was CAC, Wholesale is 2.86K

IF....the 66 was CAC, Wholesale is 4.45K.

IF...the 66+ was CAC, Wholesale is 8.975K.

Make of this info what you will, and consider: did the OP get a Brooklyn "...such a deal!....", or not?

Just offering Market perspective to help, because that is the kind of guy I am.

YW.

 

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Ok thank you much. it seems he kind of did.

 

Gem status GRADING is/was before the NGC insanity, Mint State 65 (i.e. MS65)!

I didn't want to confuse with the word GRADING, which might generate further bewilderment!

I apologize for any confusion!

 

I wish him well and my fingers are crossed, but....

JA is very tough on gold in general and more so Saints....and the 1908 NM's have a VERY low sticker rate.

We can assume that most of the bunch have already been submitted (or a good portion at least) and failed to sticker. Certainly, if this coin merits a submittance based on how it looks on its own and relative to other 1908's that have beaned, he should go for it.

But it is probably an uphill climb.

 

Keep in mind my previous post about most 1908 NM's having a tough time getting a CAC sticker from JA, and this was even true years ago when CAC just opened up and they were getting the 1908 NM's in for the first time. Sticker rate was VERY low and folks ATS posted about it (maybe here, too).

Given that the 1908's are the CHEAPEST Saints in every grade given their quantity, a CAC has less value here than on other Saints. For instance, you can get a "plain" MS-67 1908 NM Saint for ~ $7,000 (give-or-take) but any other common (i.e., 1924) is going to run at least $10,000. So 66's for 1908 NM's are worth "less" on any potential upgrade than other coins.

Finally, you figure if a coin did CAC that it has already been submitted for an upgrade and failed to get it, unless it just got the CAC bean recently. The value of the upgrade made it worthwhile. Though now, I think like OGH holders, that the CAC bean itself has increasing value as CAC will now be grading going forward and not beaning.

 

I think your 66 quote is in the ballpark, but I think a 66+CAC shouuld be LESS than an MS-67 which can be had for about $7,000 (maybe a bit more since that was when gold was a bit cheaper).

I'll look for recent sales when I get a chance. But by-and-large, the 1908 MS-67's were about 30-35% LESS than the next cheapest 67's, the 1924 Saints.

 

There's some 67's going for sale tonight on GC, a few more next week.

I'll report back....

 

1927'S in MS-67 are ~ $12,000. A 66-CAC is ~$5,000 which shows you that the market expects the chances of seeing an increase of $7K in value are low.

It also appears that based on the coin itself AND the holder it is in (PCGS/NGC plus when graded)....the price of 66's and 67's can vary 10-15% up-or-down from the average.

 

I beg to differ as a current 4 figure owner of U.S. NGC/PCGS CAC Gold coins.

This market sample shows general availability: https://www.ebay.com/sch/i.html?_fr...0&LH_TitleDesc=0&_odkw=CAC+1923+St.&_osacat=0

If you continue further down the list, you'll find "GOLD BEAN" coins!

Now search for another generic date as 1923!

JMHO

 

I'm saying that the 1908's in particular (and Saints in general) have lower sticker rates particularly in the more "common" dates. JA himself has posted about this in his forums.

I'm not saying you can't find them. I'm just saying the sticker rate than and now is much lower. And for ALL coins, I bet it's lower today as many are being re-submitted repeatedly where a price jump is at hand.

Of course...the easy way to get the CAC sticker is to ASK for a 1-increment lower grade on the coin itself !

 

about $350 which seemed reasonable to me.

 

If you purchased that coin for ~$2325, that is a steal, even if it's Slabbed Gold from China!
JMHO

 

I bought it on line, I think more people are willing to deal this time of year