I don't get it. Can someone please explain??

Why would CAC put a green sticker on a coin like this? And second of all why is there a "Low Ball" set registry??

I'm almost here a year now and I thought after a year I might see the attraction, but I don't.

I also I don't want to get anyone angry who collects these coins. This is just me asking another ignorant question.

Thanks

DiggerJim

https://www.greatcollections.com/Coin/737106

BST transactions - mach1ne, Ronyahski, pitboss (x2).

Comments

  • ms70ms70 Posts: 11,319 ✭✭✭✭✭

    If a CAC sticker supposedly drives up prices, would it help collectors with shallower pockets if PCGS had a lowball non-CAC set?

  • SmudgeSmudge Posts: 4,291 ✭✭✭✭✭

    Good "for the grade" coin.

  • DiggerJimDiggerJim Posts: 336 ✭✭✭

    @TomB said:
    I guess the better question, in my mind at least, would be why would CAC not sticker this coin? If it's problem-free and solid or upper end for the grade then it seems like it would meet the requirements for CAC. It's not up to them to tell folks what to submit, just like it isn't up to PCGS to tell folks not to submit coins that might not be worth the cost of certification. Regardless, in this case it's a $1,500 coin that has a previous auction sale of in excess of $8k and a lot of folks feel better when they have more opinions on higher priced coins. As for the "Low Ball" registry sets, well, folks like what they like.

    So if the "deep pockets" already drove out the regular collector that puts them back where they were before it all started. $8000 is huge money to pay for that coin not to mention even $1500. I'm just starting out and I can understand competing in the set registries. I completed an eight coin Kennedy silver set with a grade of 66 and 21st place and I am already looking to upgrade instead of focusing on my other sets. But spending that kind of money makes me think the average person should pick their niche and get the best coins they can afford.

    BST transactions - mach1ne, Ronyahski, pitboss (x2).

  • CoinstartledCoinstartled Posts: 9,188 ✭✭✭✭✭

    In the case of the key date 1893-S Morgan in the op, lowball does not really mean the same as it would with a common date dollar. A Fair 2 is a legitimate graded coin and is significantly more desirable than a damaged coin of similar detail.

  • jmlanzafjmlanzaf Posts: 10,010 ✭✭✭✭✭

    @Coinstartled said:
    In the case of the key date 1893-S Morgan in the op, lowball does not really mean the same as it would with a common date dollar. A Fair 2 is a legitimate graded coin and is significantly more desirable than a damaged coin of similar detail.

    +1

    That slab and sticker have NOTHING to do with lowball sets.

  • jmlanzafjmlanzaf Posts: 10,010 ✭✭✭✭✭

    @DiggerJim said:
    Why would CAC put a green sticker on a coin like this? And second of all why is there a "Low Ball" set registry??

    I'm almost here a year now and I thought after a year I might see the attraction, but I don't.

    I also I don't want to get anyone angry who collects these coins. This is just me asking another ignorant question.

    Thanks

    DiggerJim

    That's a key date coin best bought certified. There are probably thousands of AG3 or lower 1916-D dimes because it is the only way to sell them.

  • JBKJBK Posts: 5,917 ✭✭✭✭✭

    @fluffy155 said:
    So for a lowball collector would a gold CAC make this a more or less valuable coin?

    I have to assume a gold CAC is a bad thing for a lowball.

  • marcmoishmarcmoish Posts: 3,391 ✭✭✭✭

    You'd get many astute observations and comments if you'd have stuck CAC into your subject line. :#

    P.S. Add 1893-S and you'll get 2 pages by Sunday. Just sayin.

  • ZoinsZoins Posts: 19,835 ✭✭✭✭✭
    edited November 9, 2019 10:10AM

    @JBK said:

    @fluffy155 said:
    So for a lowball collector would a gold CAC make this a more or less valuable coin?

    I have to assume a gold CAC is a bad thing for a lowball.

    Should CAC have a sticker for “C” coins without problems?

  • jmlanzafjmlanzaf Posts: 10,010 ✭✭✭✭✭

    @JBK said:

    @fluffy155 said:
    So for a lowball collector would a gold CAC make this a more or less valuable coin?

    I have to assume a gold CAC is a bad thing for a lowball.

    CAC doesn't affect the set grade, does it?

  • telephoto1telephoto1 Posts: 3,420 ✭✭✭

    @291fifth said:
    $$$$$$$$$$$$$$ Always follow the money. If there is money to be made it will happen.

    This.


    RIP Mom- 1932-2012
  • Although I don’t collect ‘lowballs,’ I do find the idea of collecting coins in graded condition that have been well-used in their intended purpose interesting. Lots of history encased in a plastic slab.

  • AUandAGAUandAG Posts: 21,486 ✭✭✭✭✭

    If you don't get it, you don't get it. It's okay not to understand why other people collect what turns them on.

    bob :)

    BST deals: Dozens of buys/sells. Will provide a list upon request.
    Registry: CC lowballs (boblindstrom), [email protected]
  • divecchiadivecchia Posts: 5,510 ✭✭✭✭✭

    Collectors will collect what they like and that IS what collecting is all about. Collecting what makes you happy, no matter how strange it may seem to others.

    Donato

    Hobbyist & Collector (not an investor).
    Nolan Ryan Master Set ---- Nolan Ryan Topps Master Set
  • coinbufcoinbuf Posts: 5,187 ✭✭✭✭✭

    @jmlanzaf said:

    @JBK said:

    @fluffy155 said:
    So for a lowball collector would a gold CAC make this a more or less valuable coin?

    I have to assume a gold CAC is a bad thing for a lowball.

    CAC doesn't affect the set grade, does it?

    No, beans, labels such as first strike (for now at least) have no affect on registry points. Of course things change and who knows if these will be incorporated into the registry in the future.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • messydeskmessydesk Posts: 16,223 ✭✭✭✭✭

    @JBK said:

    @fluffy155 said:
    So for a lowball collector would a gold CAC make this a more or less valuable coin?

    I have to assume a gold CAC is a bad thing for a lowball.

    This is one of the things I asked JA related to the conversation I mentioned above. While he couldn't think a time this ever happened, he said that a gold sticker would mean the same thing it means on a higher grade coin. The coin is solid for the next grade up. CAC does not pay attention to set scoring for lowball sets when considering how to sticker a coin. And since set scoring doesn't care about CAC stickers, it really won't matter. In practice, a PO1 with a gold sticker might sell for less to a purist who wants his PO1 to be more on the edge of unidentifiable, but that would have to actually happen before it could be verified.

  • JBKJBK Posts: 5,917 ✭✭✭✭✭
    edited November 8, 2019 11:06AM

    I agree that for registry sets a CAC would apparently not matter, but for anyone actually looking at the slab in person I would think a gold CAC would be detrimental.

    Maybe for lowballers CAC needs a sticker for coins that are a grade less than what was shown on the slab.

  • joeykoinsjoeykoins Posts: 4,017 ✭✭✭✭

    "Beauty is in the eye of the Beholder" ;)

    "Jesus died for you and for me"Thank you,Jesus!!!

  • ElcontadorElcontador Posts: 6,664 ✭✭✭✭

    JA will sticker a coin he is willing to buy. Period.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • BaleyBaley Posts: 21,272 ✭✭✭✭✭

    @AUandAG said:
    If you don't get it, you don't get it. It's okay not to understand why other people collect what turns them on.

    bob :)

    Exactly. Once someone starts paying money for coins, none of it makes much sense if you think about it too much.

    I'm just glad more collectors prefer modern, lowball, and repro crap to real coins, or there would be much more competition for respectable material 😉

    Liberty: Parent of Science & Industry

  • DiggerJimDiggerJim Posts: 336 ✭✭✭

    So I wonder how many coins CAC owns, let’s say, under the grade of XF40? My guess would be a very small percentage compared to the coins they own above that grade.

    DiggerJim

    BST transactions - mach1ne, Ronyahski, pitboss (x2).

  • david3142david3142 Posts: 2,325 ✭✭✭✭✭

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    You can repeat this as often as you like but his criteria is “A or B” for the grade, not whether he is willing to buy it. This has been answered by him directly.

  • jmlanzafjmlanzaf Posts: 10,010 ✭✭✭✭✭

    @david3142 said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    You can repeat this as often as you like but his criteria is “A or B” for the grade, not whether he is willing to buy it. This has been answered by him directly.

    He will buy it. He won't necessarily be the higher buyer

  • MFeldMFeld Posts: 1,418 ✭✭✭✭✭

    @jmlanzaf said:

    @david3142 said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    You can repeat this as often as you like but his criteria is “A or B” for the grade, not whether he is willing to buy it. This has been answered by him directly.

    He will buy it. He won't necessarily be the higher buyer

    There are a great many coins which sticker, but which CAC would have no interest in buying. They simply don’t make markets or deal in all eligible coin types, dates and grades. And if their lack of interest in a given coin would cause them to offer less than multiple other buyers would, the exercise would be pointless.

    Mark Feld of Heritage Auctions

  • jmlanzafjmlanzaf Posts: 10,010 ✭✭✭✭✭

    @MFeld said:

    @jmlanzaf said:

    @david3142 said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    You can repeat this as often as you like but his criteria is “A or B” for the grade, not whether he is willing to buy it. This has been answered by him directly.

    He will buy it. He won't necessarily be the higher buyer

    There are a great many coins which sticker, but which CAC would have no interest in buying. They simply don’t make markets or deal in all eligible coin types, dates and grades. And if their lack of interest in a given coin would cause them to offer less than multiple other buyers would, the exercise would be pointless.

    Agreed. And JA has been clear on this point in at least one interview I saw.

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    It's all so complicated. ;)

  • shorecollshorecoll Posts: 4,926 ✭✭✭✭

    I love many VG coins, I think it's leftover from my younger collecting days. I don't love AG's and lower, but I can respect them. I'm torn about the AG 1799 cent I sold that ended up in a VG slab.

    ANA-LM, NBS, EAC
  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    I sometimes wonder about my AG quarter...

  • CoinstartledCoinstartled Posts: 9,188 ✭✭✭✭✭

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    Dexter 1804 dollar carries no sticker.

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    @Coinstartled said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    Dexter 1804 dollar carries no sticker.

    I have some nitpicker stickers. :p

  • MFeldMFeld Posts: 1,418 ✭✭✭✭✭

    @Coinstartled said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    Dexter 1804 dollar carries no sticker.

    And he will sometimes buy un-stickered coins.

    Mark Feld of Heritage Auctions

  • ElcontadorElcontador Posts: 6,664 ✭✭✭✭

    Dear JM and Mark,

    Thanks for clarifying my comment re JA willing to buy a coin if he stickers it. He's all about moving product quickly, and if he doesn't think he can quickly move a coin, you can get more for it elsewhere, if you make an effort to do so.

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • WalkerfanWalkerfan Posts: 5,658 ✭✭✭✭✭
    edited November 11, 2019 2:10PM

    I understand the Everyman concept.

    I, also, understand how CAC works and I 'get' it's business model, which is very successful, while being beneficial to the hobby.

    BUT, I'll never understand the lowball thing.......other than people will collect ANYTHING and IF it's popular, then it will sell, regardless of anything else. :/

    I suppose that we, as humans, are just competitive by nature. ;)

    “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." --Teddy Roosevelt, April 23, 1910.
  • DoubleEagle59DoubleEagle59 Posts: 7,438 ✭✭✭✭

    BUT, I'll never understand the lowball thing.......other than people will collect ANYTHING and IF it's popular, then it will sell, regardless of anything else. :/

    I suppose that we, as humans, are just competitive by nature. ;)

    I totally agree.

    We definitely are a competitive bunch.

    Sometimes it involves brains and then sometimes, it does not.

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "Gold is the canary in the financial coal mine." (Alan Greenspan)

  • topstuftopstuf Posts: 13,474 ✭✭✭✭✭

    @MFeld said:

    @Coinstartled said:

    @Elcontador said:
    JA will sticker a coin he is willing to buy. Period.

    Dexter 1804 dollar carries no sticker.

    And he will sometimes buy un-stickered coins.

    Of course he would. :D

  • lkeneficlkenefic Posts: 4,703 ✭✭✭✭✭

    When I opened the link in the OP, I fully expected to see some low-grade widget... not a '93-S $1...

    First of all... certification at any grade is warranted for this piece. It's that rare and heavily counterfeited in a series that is collected by a lot of numismatists. At one point, I collected Morgans by Date/MM... until I realized I'd never realistically complete it in grades that I found acceptable. But this is a personal decision.

    Secondly, CAC designation, as others have already stated, only answers the question: "...is this coin good for the grade assigned...." Period. I agree with the CAC designation on this piece.

    Lastly, people are different... viva la difference!

    Collecting ... dust

    Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI.
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