Dealer Markups for PCGS Classic Commems over CDN CAC Bid
Cougar1978
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I am doing a study of this as some of u and a particular dealer blog has me thinking perhaps I am too low. So I want to throw my audit skills into the fray. My main focus is Classic Commems, especially CAC and existing opportunity.
The PCGS article on eye appeal impact threw fuel on the fire and increased my interest. I wb interested which pieces in the article CAC. This a nuts and bolts get down to the individual coin level type of study. Examples that stood out (contrasting numbers) were the 1893-O Barber 10c Pcgs MS 66, and 1958 Franklin PCGS MS67 + FBL don’t know which if any CAC. Beautiful toners can really explode the numbers.
Professional positions I have held : Cost Aanalyst, Plant Fixed Asset Accountant, Cost Accounting Manager, Business Group Controller, Project Financial Controller, Accounting Instructor (evening) in Cost and Financial Accounting (Local Community College). I have MS in Acctg from UH hence my handle here.
Presently I am involved in Financial Consulting and the Coin Business. I have setup at shows since 1990 and been active online since 1997. Other interests include astronomy, physics & model rr.
My interest is a ball park number - factor multiplier x CDN Bid for CAC / example data 1.30, 1.50, 1.92, 2.80, 1.38, etc). I would be interested in your number (average, high, low) or specific grades / eye appeal. I have done some preliminary calculations of a sampling and CAC material and have arrived at a average day ballpark number which is a little higher than thought but this needs more input, special data and time. You could use another base like PCGS Price Guide.
In terms of Commems I dream of completing an Oregon Set, Texas set, Civil War set but the coins sell before can complete set. I have also picked up slabbed world coins which have extremely low pops either 1 or single digits and none higher. However this area too complex at this time.
So let’s see what u have to input.
Comments
Uh huh. What specifically are you asking/want to know?
Hopefully something simple say To fill in if not most representative match. I realize monster toners will stretch Data and are area of their own and something more the domain of their experts. Example data piece MS 65 Bridgeport CDN CAC bid 160 X (calculated) factor 1.50 = 240 dealer price per sample. The data from this sample yielded an average of 1.68 for about 25 different classic commem issues (one major advertiser sample) and ranged from 1.38 to 2.80 (a 67 Oregon). I fudged down (gut) to 1.50 prelim number to use theoretical sell during bidding but this really too premilimary for this complex anslysis; more sampling needed.
The CAC Pop Pcgs Bridgeport is 234 - Pcgs Pop -1818 ngc don’t know so both TPG unkn. I would think pct will vary between issues, dates, and grades. Of course the CAC bid itself can soar considerably in high grades on scarce issues. On certain serues where I don’t know CAC bid it it’s not available the process becomes more complex, esoteric, and subject to bidder emotional demand, market timing, and financial resource commitment hence my concentration on something I have an interest in.
Probably a simpler result would be a range between low and high. A who, what, where, why, when, how analysis numerical range. An answer too are some of these being given away? At what price range? By who? Why? Which venue? and how can one get them...where?
All those formula's and you still use "U" rather than you. That is all I saw!
They are markup factors dividing dealer ask by CDN bid on CAC bid for that individual piece in its grade but yes mind boggling issue.
Sorry u has hung with me when I was in internet chat back circa 1997 and friends use in text a difficult habit to break. It is very prevalent in crew chat in GTAO (Grand theft auto online) which has its own set of abbreviations and acronyms like KDR ( kill death ratio), Cali, Griefer - mean player), try hard, modder, newb, grinder (works missions for in game Money many in hostile circumstances), and many more unfit mention. Currently 72 k players online at this moment in public lobbies of 30 mostly pvp (player vs player) for most part. Gonna go log in.
I'm at 1.1 or lower. For most commems, I'm trying to be at 1.0x greysheet bid. In some cases, either due to my cost or how nice the coin is, I will stretch to as much as 1.1x greysheet bid.
There are the potential to be many more CAC pieces - they just need to be sent in. I don't pay extra for CAC coins when I can buy those that will for less.
I see about 1000 variables here. Coins, especially toners, are unique, and are valued and priced with that in mind. I don't think a standard multiplier is going to account for a sticker or particular toning pattern.
...... however, you might be asking about something totally different. I'm not sure I followed all of that.
Yes it’s a complex issue and can vary with the coin. But a coin after raising prices on my CAC material w my rudimentary multiplier sold last nite. Will help on my upcoming tax bill and table fee for Bellaire show.
I would like to c a report where has taken the CAC Pop report for a type or series and compared it with the total number TPG graded both combined so pool of candidates out there which are non CAC pop (potential CAC) could be analyzed.
I also would like to make or see photo library where CAC pieces realized more than non CAC in lower grade or dealer price list / make one my self In my photo vault on phone for my own study /analysis. If new collectors flicking to CAC like many 80’s collectors flicked to slabs..
That is the real test: what price gets it to sell, but not TOO quickly
This discussion is a little to heavy for me. But ...wouldn't the relevant TPG be significant to the equation?
IMO, you can not put a number on Eye Appeal.
You either pay up for it or you don't.
The number you want, and finally locate, will be good for 24-hours. It will be of no more utility than "Dr." Sheldon's 70 points and basal value.