Would you crack this coin if you think..

that there's an 85% chance it'll come back an MS65 based on today's grading standard?

 

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take it to a large coin show and have someone look at it.

 

No but I would send it to CAC to get a bean.
That's a first generation holder and if it gets a gold bean it would be more desirable to a lot of collectors.

 

Big jump in price. I would go for the bean first.

 

If you're more interested in the price difference than the provenance of an older holder, send it in for reconsideration in the holder. That way if it doesn't upgrade, you keep the holder intact.

 

Great answers, all which lead to this: don't crack it open! Nice coin

 

Getting Gold beans is a pipe dream. I send in gold bean worthy coins to CAC all the time, but have only ever gotten a couple. And NEVER on an expensive coin. I'm talking MS62 common Morgans.

 

Yup, it have a better chance of coming back 65.

 

This is one of those coins that would be a candidate for the reconsideration service. You send it in the holder and it comes back in a new one only if it upgrades. You get to choose whether upgrade means full numeric grade or just a plus.

 

Two routes to go. Don't think you can lose either way.

 

I think there's just as high a chance that if you were selling and I were in the market for one of these that I'd pay MS65 money for it in the holder it's in. I'm not currently in the market, but I'm reasonably sure there's another person out there who feels the same.

 

The problem, of course, is that there are far fewer of those people than there are people who will pay 65 money for the coin in a 65 holder, especially considering the price jump from 64 to 65.

 

What is a "bean"? Thank you.

 

http://www.caccoin.com/

 

CAC is not accepting new submissions. However, their page doesn't define "bean"...??

 

They ARE accepting submissions all the time. Just not new members. You'd have to go thru a CAC dealer.

 

Sorry, thank you. 3 times a charm: What is a "bean"?

 

The oval-shaped ("bean-shaped") green or gold sticker they affix to coins meeting with their approval.

 

Thank you, messydesk for the answer to my basic request for a definition, appreciated. It seemed like pulling teeth, why folks, as it was a basic question?

 

It might have been too basic. Sometimes when something is so widely known people can tend to gloss right over the actual question in search of a "deeper" question behind it. The term "bean" being the slang term for the oval sticker placed on slabs by CAC is so commonplace that it slipped right past (After all EVERYBODY known what is meant by "bean"! Guess again some people don't.) and they started explaining the company that applied the bean instead.