Guess the CAC; New Oregon Commem Purchase. A followup poll to my GTG.
DelawareDoons
Posts: 3,413 ✭✭✭✭✭
In the last thread, you all guessed the grade of this coin. Now you will guess if it CAC's or not, and if so, what color sticker it receives.
Videos of the coin from the original post.
https://i.imgur.com/33NnMyW.mp4
https://i.imgur.com/uA8Gal1.mp4
And photos.
And the slab picture.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Guess the CAC; New Oregon Commem Purchase. A followup poll to my GTG.
This is a public poll: others will see what you voted for.
1
Comments
Red sticker? Never seen/ heard of them using a red one...
Collector
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Nice coin!
I voted green. As a second choice, gold seems more likely than a fail. I had a hunch that the main reason you purchased the coin was to try for a gold sticker.
That's a nice coin
I’m pretty sure you’ll receive a green sticker.
Again, nice addition 😊
I would say green sticker.... Nice coin, but do not think it warrants gold....BWB....Cheers, RickO
if a coin has PVC or another active/major issue, CAC will often put a red sticker with a note about the issue.
Here is an example.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
dleet
The coin looks fine for the grade... It is in an older NGC holder and likely graded at least 25 years ago. The spread between grades really does not warrant a sticker.
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Gold for your silver!
But I like shiny stickers.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
I think the 64 grade is due to the luster (which is exactly why I justified my assigning a MS64 grade in the GTG as opposed to a gem grade). This is a common issue, and with the muted luster, I can't see JA being overly excited to purchase this at 64 CAC money. I vote no sticker.
I still stick to my original guess, but looking at auction records it appears the price difference between grades is razor thin. That may make a difference.
If CAC thinks the coin is solid for the grade, they’ll sticker it. And that’s regardless of whether they’d have any interest in buying it. They don’t make markets in such coins, anyway.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Hard to tell the luster factor and that will determine the green vs gold JA opinion IMHO.
"Got a flaming heart, can't get my fill"
CAC's stated purpose was to identify coins that it would purchase in the future at established prices and to make markets for those coins even if not the most inspiring or significant pieces. My understanding is that CAC does consider market considerations above and beyond grade. In one of his interviews (I don't remember which one but it stuck out to me), JA noted that he has adjusted to criticisms from the larger market. For instance, he stated that early on CAC received some criticism for stickering thickly toned/less attractive coins that were technically solid for the grade and that CAC had reacted or adjusted to this early criticism. I hope someone else knows and can pinpoint the exact source.
The stated purpose you mentioned is a general concept. There are countless coins stickered by CAC, in which they don’t make markets. That doesn’t mean they won’t make an offer, if asked, but that has nothing to do with market-making or an interest in such coins.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I don't mean to be argumentative, but what would be the point of stickering coins like this if there is no intent to create a market in the said coins? Given overhead including the cost of graders, JA repeatedly stated that the stickering process itself actually cost more money than it brought in and that the profits came from flipping CAC's purchases, even the cheap ones, at a small margin to a dealer wholesale network. Laura confirmed that CAC did not make money from stickering for years (and at the time JA made those statements) and stated that was true until the last year or two or so. I've never seen any statements that CAC was to serve as a regulatory or philanthropic venture; it was started as a business to make money.
@cameonut2011 , I believe you're overthinking this. If JA thinks the coin is solid for grade, he will sticker it. The chances he'll ever be offered this coin directly in the future are virtually nil. And it's basically a widget anyway, which would make it easy to wholesale sight-unseen.
I’m sure CAC has never intended to make markets in or buy anywhere near all of the coins that they identify as solid for the grade. They’re not going to decline to sticker coins, just because they’d have no interest in buying them. They deserve far more credit than thinking they’d do that.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
**Passes CAC with a green sticker.
**
JA seems to like old holdered original coins. Green sticker coming, but if the coin looks "dipped-out aluminum -foil shiny" without original skin, as it did in the video, that's as far as you will get with this piece.
Commems and Early Type
What did CAC do?
Unless they looked at it since yesterday, I'm guessing nothing (yet).
CAC is on vacation. I will send an update when I have one.
Expect 2ish weeks. Don't worry @cameonut2011 I will tag you either way so you do not miss it.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Lovely coin
I think it has a shot at gold. I'm rooting for you!
Aercus Numismatics - Certified coins for sale
To be honest, I think it does too, but I refuse to get my hopes up.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
I believe I was the first person to choose the option that the coin passes with a gold sticker, but I did not give a verbal response. In my experience, coins just "feel" like a green, gold or no sticker more-or-less as soon as I see them. In other words, I rarely, if ever, go over a coin and hem and haw as to what it might sticker and if it would sticker at all. It's just there or it isn't.
Granted, I am not always right, but my success rate at CAC is pretty darn high and my gold sticker rate is really, really pretty darn high and it has always been on a first pass analysis of the coin in question. In this case, of course, I don't have the coin in-hand, but the images told me what they thought. Calling a gold sticker is a tough position to be in, but it is what I saw.
In honor of the memory of Cpl. Michael E. Thompson
I missed this the first time around, but figured I would take a second here.
I paid a minor premium for the holder over going rates for the grade, I believe a hair over $150, so it was a solid deal for what it is. It was purchased to fill one of the three "commemorative" slots in my NGC Fatty Type set.
A gold sticker would just be icing on the cake.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
CAC results are in.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
It should pass for the green.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain