@Treeman said:
What is weird though, is that in the previous post on the same coin, there were many comments saying "solid for the grade", " easy f15", "CAC is no brainer", and other supportive comments. Just shows that sometimes, rather correctly or not, humans tend to follow a certain comment. I like the coin for the grade, but I would not comment on CAC or no CAC, mainly because I never did give a hoot about the beans. Just a comment on how opinions can change from one post to another...
This is something that I think is a bit of an issue on the boards, though understandable. If someone asks a question about a coin before they buy it, it's easy to give an honest opinion, even if it doesn't put the coin in good light. It's much harder to be critical of a coin that someone is showing off having just spent a good sum of money. When a direct question is asked, it's again much easier to answer that, even if the answer is critical or perhaps not what the OP would ideally want to hear. When a coin is fine but I'm not a huge fan of it, I tend not to reply to a "look what I just bought" thread because I don't want to rain on someone's parade, but there's no need to be harsh, either (what I won't do is be flowery just for the sake of patting someone on the back). If a coin is really nice I'm happy to say so, and if a coin has a real issue where I think the poster totally missed the mark, it may be worth pointing that out, too. For the coin in question, I think it's a typical example. It's not what I would have bought, but it could be much worse. I wouldn't reply to a thread saying it's an awesome example, but if there's a direct question about its quality, I will reply.
Many years ago I bought a buffalo nickel at a show and proudly showed it to @MFeld. He asked me why I bought it and somewhat chastised me for missing this and overlooking that, because if I had waited I could have done better (I don't think the coin was awful, just not as good as it could have been). He also walked me to a table where he knew two much nicer examples were available, and I ended up buying both. I can't say I was happy to have him tamp down my excitement, but he taught me a very valuable lesson that day (not to mention I got two much better coins out of it). What he did was much easier because we already had a relationship. I don't think that's something easy to do when a random person posts a new purchase if they didn't make an egregious mistake in their assessment of the coin.
Thank you for saying that. I don’t mind if someone says that it’s not a good example or that it won’t CAC. I just don’t like when they’re snarky about it.
Like commenting on my “skills” or abilities with evaluating coins or that I don’t understand what I’m doing when they don’t know me at all.
I am happy with my coin and I’m only asking because a couple people said I should send it in and I wanted an opinion from more experienced collectors. However now I won’t send it in since i don’t think it would CAC after being informed it was cleaned.
There is no reason to make any of this stuff personal.
Your question opens the door to other questions worthy of discussing. CAC provides a great service for a select and somewhat narrow component to the US Coin market. Having written that, let me further explain exactly what I mean.
Not all coins need a CAC review and/or a sticker. Your 1799 dollar is an F12- there is not much if any doubt... the TPG is capable of opining as to the most appropriate grade and they did.
So let's change the coin to illustrate when a CAC sticker can make a difference and to illustrate my point, we will select a 1936-D Rhode Island Commem. And for our example, let's say the coin was graded by a TPG as a 67* or 67+... choose the name of the TPG company and insert it here... In 67, this coin likely trades in the $8000-$1200 range give or take alittle one way or the other. In 68, the value is significantly higher and could possibly be in the range of $40K-$50K. So in this instance, a CAC sticker matters mainly because of the spread between grades. The actual look/color and overall appeal matters too but there is an influence that CAC may ultimately play in establishing a value to collectors. Now whether that value is something everyone will agree with is still predicated in some degree of subjectivity. And the subjectivity component is not likely to change even though the opinion as to the grade may change over time.
Experience the World through Numismatics...it's more than you can imagine.
Comments
Thank you for saying that. I don’t mind if someone says that it’s not a good example or that it won’t CAC. I just don’t like when they’re snarky about it.
Like commenting on my “skills” or abilities with evaluating coins or that I don’t understand what I’m doing when they don’t know me at all.
I am happy with my coin and I’m only asking because a couple people said I should send it in and I wanted an opinion from more experienced collectors. However now I won’t send it in since i don’t think it would CAC after being informed it was cleaned.
There is no reason to make any of this stuff personal.
@MKUltra24
Your question opens the door to other questions worthy of discussing. CAC provides a great service for a select and somewhat narrow component to the US Coin market. Having written that, let me further explain exactly what I mean.
Not all coins need a CAC review and/or a sticker. Your 1799 dollar is an F12- there is not much if any doubt... the TPG is capable of opining as to the most appropriate grade and they did.
So let's change the coin to illustrate when a CAC sticker can make a difference and to illustrate my point, we will select a 1936-D Rhode Island Commem. And for our example, let's say the coin was graded by a TPG as a 67* or 67+... choose the name of the TPG company and insert it here... In 67, this coin likely trades in the $8000-$1200 range give or take alittle one way or the other. In 68, the value is significantly higher and could possibly be in the range of $40K-$50K. So in this instance, a CAC sticker matters mainly because of the spread between grades. The actual look/color and overall appeal matters too but there is an influence that CAC may ultimately play in establishing a value to collectors. Now whether that value is something everyone will agree with is still predicated in some degree of subjectivity. And the subjectivity component is not likely to change even though the opinion as to the grade may change over time.
Experience the World through Numismatics...it's more than you can imagine.
This, plus a possible light scratch obverse, assuming the scratch isn't on the holder
RIP Mom- 1932-2012