Which coin has more market value to you?
drddm
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First off, the coins are not real. This is completely hypothetical, but the descriptions are accurate in terms of the toning (beautiful to you), and the luster, surfaces and strike are excellent (again, to you). The only difference is what is on the label.
Which coin has more market value to you.
A beautifully toned coin with excellent luster, surfaces and strike - graded PCGS AU58+ (that didn’t sticker)
A beautifully toned coin with excellent luster, surfaces and strike - graded PCGS AU58 CAC
And why?
1
Comments
I pick 1 because no way you know if a sticker was attempted
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Bronze Associate member
an interesting thing to ponder.
Good point, so I’ll edit my original post.
Thanks
Impossible to answer without seeing the coins.
I’ve seen MS65 gold coins I considered junk/melt and AU58’s that had much better eye appeal for example.
But for your question of sight unseen market value, I’d go CAC based on my experience with beaned coins.
Of course, but this is totally hypothetical, so consider the eye appeal of both coins to be exactly what you consider as eye appealing!
The coin that looks best to me. Edit, I collect so while the market matters, the coin matters more.
I might add I would also consider the holder for each. One may come with warranty and the other may be a I don’t early or some other holder type that is well scarce unique and collectible in itself
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Bronze Associate member
Barring the impossibility of the two coins being identical, they need to be seen in hand, in order to answer the question.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Whichever one looks better
The AU 58 plus.
Case in point 1892-CC Dollar AU58 plus MV per PCGS $1200, AU 58 non plus MV $1100.
However would need see in hand, evaluate them, and their asking prices. It could come down to which ones eye appeal grabbed me more than the other.
Maybe I should reword my original post...the two coins in question are not real, but their descriptions are accurate.
Each coin is beautifully toned (to you), and each has excellent luster, surfaces and strike (again, to you) but their grades are different....
PCGS AU58+
PCGS AU58 CAC
Which has more market value to you?
I'd lean toward 58+ but like anyone else would want to see the coins..
Early American Copper, Bust and Seated.
Sorry, I have the same answer as I did previously.
It’s incredibly unlikely that the beauty of one would be indistinguishable from the other. Ditto for the strike and luster. Ultimately, the combination of appearance and quality would trump the assigned grades.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
So nice not to worry about pluses and gummies.
This hypothetical probably would have made more sense as follows:
You own a beautifully toned coin with excellent luster, surfaces and strike which you submit to PCGS and then CAC.
Which result would you feel maximizes the coin's market value?
A. AU58+, no bean
B. AU58, with bean
I'd guess B personally, but it probably depends on any number of variables. For example, as I stated in another thread, for expensive gold, I'd value a sticker over a plus. Many other coins, probably the opposite. OTOH, what I value and what the market values are sometimes different things...
It would come down to which of the two is more eye appealing. If we pretend that the coins are identical, I’d say I’d assign equal market value to them. Both of them would have PCGS’s opinion that they’re AU58. One would have PCGS’s opinion that it was upper end for the grade, and one would have CAC’s opinion that it was upper end for the grade. I honestly don’t see any intrinsic difference between the value of those two opinions. From there, the coin would have to carry itself on its own merits.
We’re still collecting coins here right? Crack them both, mix them up and look at them. Should be pretty easy to tell which one you prefer.
I like @CoinJunkie's version of the question better.
My answer is I'd rather have the 58+ in the series I collect. Much more scarce.
Lance.
58+ in a heartbeat!
What do the coins look like? If you're referring to the same coin, I prefer the plastic/sticker combo that nets the most money be it from the "Every man registry" market craze or the "everything must sticker" fanatics. If there are limited AU58+ coins, that exemplar may be more liquid at a higher price. If not, then the sticker crowd likely wins the day.
It comes down how attractive the coin is and the deal.
I think a CAC is worth more than a plus, so I’ll pick coin number two.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
If I agree that it's a nice coin that I like I don't really care one way or the other. Sometimes it's about the coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
A better way to present this hypothetical question would be: "There's one PCGS slabbed coin. How would you prefer it to be graded? AU58+ or AU58 CAC?" This would eliminate the "whichever coin is nicer looking" response.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The above comment is really what the OP is asking. First, I believe you have to assume from the hypothetical question that the coins are identical. Second, he’s not asking which we’d each prefer, but which of the two coins do we each believe has more MARKET value! What it boils down to is for hypothetical identical coins, which has more market value - a coin that PCGS gave a “+” to, but does not merit a CAC sticker, or one that PCGS feels is solid for the grade but does not merit their “+”, but CAC feels merits their sticker?
While there are real life examples with “virtually” identical coins that can prove either answer, typically depending on the percentage of coins in that grade that gets CAC’s (like many gold coins that only a very few get CAC’s vs. others where a lot get CAC’s), I believe the OP prefers we ignore that, and keep it simple - which, IN GENERAL, do we each feel has more market value - the whole grade with the CAC, or the “+” without the CAC?
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
I'd have to see the coins.
I see the question as set up for people who sell coins..... Since I do not, the sticker would be meaningless....strictly eye appeal....which, for me, includes strike, surface, luster.....rarely are two coins (same type) totally equal in aesthetics. So, for me, an 'in hand' decision. Cheers, RickO
Hands Down 58+
Now wait a darn minute @ricko ...the question included beautiful tarnish (!). Oh dear, what will you do? 😬☺️
"Got a flaming heart, can't get my fill"
I'd need to see them but most likely I'd pick the one with the least toning. Although I'd rather see a third option with no toning, then it would be easy.
This is a silly question which returns us to a discussion that already has a thread.
NO ONE decides what "has more market value". The Market decides. And, if this were a particular coin, we'd already know the answer: the one that HAS more market value. For some coin types, the CAC makes a huge difference. For some coins, CAC makes little difference. If the 58+ is a top pop, that is going to make more difference than if the 58+ is an 1881-S Morgan.
I would tend to agree with the majority of the thread and that a 58+, due to scarcity, would hold the higher market value.
Everyman could go nuts with this question.
58+ Are stickers that important? I have a couple coins that got varietied/reholdered that 'lost' their sticker - should I have them restickered?
The answer to both questions is that it largely depends upon the coin, date and series.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If it retained the same PCGS # it is still CAC'd. I noticed that when several of my 58's I got plus'd under reconsideration lost their stickers and showed up CAC'd in my registry inventory. To show you how important CAC is to me I was like....those had CAC stickers?
I honestly didn't remember!
.> @davewesen said:
58 cac if it is for me.
A 58+ if I have no intention of keeping the coin
58+
JA and I are miles apart on saints but PCGS & I think very much alike.
My Saint Set
58+ would find a nice home in my Everyman $2.5 gold Indian set..
58 W/ Cac pretty pedestrian
Number 1 just because there is a Everyman registry.
Will take the 58 plus
Ok, first of all I’m going to assume, as I think the OP does, that, to my eye, the two coins are equally appealing in terms of toning, strike, surfaces and luster. In other words, I like them both the same, the ONLY difference to me is the grade and whether the coin has a CAC sticker.
If I read the OP correctly, the 58+ didn’t sticker (ie it was sent to CAC for review and did not receive a sticker). If that’s the case, I’d rather put the 58 in my collection.
It wouldn’t sit well with me that the 58+ had been reviewed by CAC and rejected. At best, PCGS sees that coin as a high end 58 and CAC sees it as a low end 58. Ok fine, grading is subjective and maybe both opinions are reasonable. But maybe CAC sees it as something lower than 58. Or worst of all, maybe CAC caught a problem that I missed. (Remember, both coins are equally appealing to me).
So, assuming all else is equal in my eyes, I’d be willing to pay more for the 58 CAC than for the 58+, knowing that the 58+ had been rejected by CAC.
Roseanne Barrett I - CAC Morgan Dollar Basic Set, Circulation Strikes (Retired)
Roseanne Barrett - CAC Basic Seated Liberty Type Set, Circulation Strikes
In the series I collect 58 CAC's are a dime a dozen. 58+'s are elusive. About 2.5%.
Across all grades, 45-58, pluses are less than 1% (.0064).
I'm sure it's different in other series.
Lance.
I'd chose AU58+ from a marketing standpoint.
From a collecting standpoint sight unseen, I'd chose the CAC coin because the CAC coins I own are great looking.
I guess that;s why I bought them, lol
Does anyone know when PCGS began using the +?
Secure Plus was announced in March, 2010.
This.
Good thread! Interesting. Your question is almost like asking, "Which coin is more valuable, an NGC 67MS Morgan or an PCGS 67MS Morgan with same years". Our Host, majority of the time would win!
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