CAC Worthy?

Exbrit

What is your opinion whether this 1855 C is CAC worthy or not. The Charlotte Mint is known for weak strikes during this time.

MFeld

The assigned grade is extremely relevant in such an exercise. Additionally, it’s difficult to get a good look at the surfaces, due to the brightness of the images.

Exbrit

58 - I like it better than the 61 currently being auctioned.

lcoopie

Is the strike doubling extreme here?

Reduced exposure and highlights for Mr Poindexter

MFeld

@Exbrit said:
58 - I like it better than the 61 currently being auctioned.

It looks AU55 or better to me, so I’d try it, if there are no issues being masked by the images.

BryceM

There’s a good chance it’s already been tried, of course. Where & how you acquired it will make this more or less likely.

jonruns

You'll never know for sure unless you send it in...to follow up on MFeld's point it is very difficult to access without seeing the coin in hand...

In his recent article on gold coins and CAC, DW said:

"I find CAC’s understanding of the vicissitudes of luster to be their strongest point in analyzing a specific coin. CAC will reject a coin for having inferior luster for the assigned grade and this means that they are especially hard on coins grading AU58 through MS62."

Insider2

@jonruns said:
You'll never know for sure unless you send it in...to follow up on MFeld's point it is very difficult to access without seeing the coin in hand...

In his recent article on gold coins and CAC, DW said:

"I find CAC’s understanding of the vicissitudes of luster to be their strongest point in analyzing a specific coin. CAC will reject a coin for having inferior luster for the assigned grade and this means that they are especially hard on coins grading AU58 through MS62."

What DW fails to mention is that there is often NO DIFFERENCE between the two grades at the major TPGS's. This is because long ago the standards for Mint State were changed. Usually, a gold coin needs to have very obvious friction wear to be downgraded as an AU.

IMO, If the strike on the reverse would have been better, this coin may have reached the VALUE of an MS coin and received the grade. I don't see a downside of trying for a sticker.

Boosibri

Impossible to judge the surfaces from the photo

Hydrant

No way. Those 4 missing chunks around the edge are a killer. JA will surely notice it's not all there.

Wahoo554

@jonruns said:
You'll never know for sure unless you send it in...to follow up on MFeld's point it is very difficult to access without seeing the coin in hand...

In his recent article on gold coins and CAC, DW said:

"I find CAC’s understanding of the vicissitudes of luster to be their strongest point in analyzing a specific coin. CAC will reject a coin for having inferior luster for the assigned grade and this means that they are especially hard on coins grading AU58 through MS62."

Which DW article was this?

Boosibri

@Wahoo554 said:

@jonruns said:
You'll never know for sure unless you send it in...to follow up on MFeld's point it is very difficult to access without seeing the coin in hand...

In his recent article on gold coins and CAC, DW said:

"I find CAC’s understanding of the vicissitudes of luster to be their strongest point in analyzing a specific coin. CAC will reject a coin for having inferior luster for the assigned grade and this means that they are especially hard on coins grading AU58 through MS62."

Which DW article was this?

Recent blog on CAC standards

jonruns

@Wahoo554 said:

Which DW article was this?

Was just published in the CAC magazine:

http://blog.greysheet.com/doug-winter-what-does-cac-like-in-u-s-gold-coins/?fbclid=IwAR0TVuHE0pSXDaBa477vLPchakWhJf_ddeoMRIOBB2WnZiMmOuclEJO5QU4

Wahoo554

Thanks for the link @jonruns Good article.

Owen1793

@Insider2 said:

@jonruns said:
You'll never know for sure unless you send it in...to follow up on MFeld's point it is very difficult to access without seeing the coin in hand...

In his recent article on gold coins and CAC, DW said:

"I find CAC’s understanding of the vicissitudes of luster to be their strongest point in analyzing a specific coin. CAC will reject a coin for having inferior luster for the assigned grade and this means that they are especially hard on coins grading AU58 through MS62."

What DW fails to mention is that there is often NO DIFFERENCE between the two grades at the major TPGS's. This is because long ago the standards for Mint State were changed. Usually, a gold coin needs to have very obvious friction wear to be downgraded as an AU.

IMO, If the strike on the reverse would have been better, this coin may have reached the VALUE of an MS coin and received the grade. I don't see a downside of trying for a sticker.

If I am understanding correctly you're saying that there is no difference between AU58 and MS62 at major TPG's?

ricko

Just judging from the picture and past CAC winners/not winners....I would say no....If you send it in, please let us know the results. Cheers, RickO

Cougar1978

Go for it - worth a shot.

grip

@Cougar1978 said:
Go for it - worth a shot.

I agree!

Kliao

Go for it!

I like the doubling on the obverse

skier07

I don’t think it will pass because of the weak reverse strike. Only ~10% of old gold coins pass at CAC. If it was my coin I would send it to CAC. You never do know and it’s impossible to really tell from pictures especially on such a small coin.

asheland

Cool little coin!

Ebeneezer

Wow, that is some nice doubling on the obverse. Don't see that very often.