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DO YOU THINK A LOT OF GOLD BEANS WILL BE GIVEN OUT IN 2022?

VernoVerno Posts: 325 ✭✭✭
in U.S. Coin Forum

It seems like we are finally getting coins back from TPG( mine from ANA) , do you think based on what grades you are getting, that a lot of Gold CAC beans might be in your future?

Comments

  • 291fifth291fifth Posts: 23,724 ✭✭✭✭✭

    It's just an opinion. Collectors need to learn to grade and make their own decisions.

    All glory is fleeting.
  • FrankHFrankH Posts: 701 ✭✭✭✭✭

    @291fifth said:
    It's just an opinion. Collectors need to learn to grade and make their own decisions.

    It may be JUST an opinion, but it takes the issue a big step farther than just "grading."
    Yeh yeh.... I know... they affirm GRADES,

    I think it's that collectors need to learn whether they want a sticker on their coins.

  • Jzyskowski1Jzyskowski1 Posts: 6,651 ✭✭✭✭✭

    My answer would be I have no, zero, nada , zip idea what will happen tomorrow. Wait, I know. Let’s “flip a coin”😂
    No seriously that’s an interesting question. Is there a reason why you might lean either way? Or just exploring for curiosity? Unless there’s a drop of quality coins on the market and I’m not sure how to predict that. 😉

    🎶 shout shout, let it all out 🎶

  • fiftysevenerfiftysevener Posts: 875 ✭✭✭✭

    Seems like NGC has made another turn towards conservative grades so I would expect there will be some. Too bad there is no digital tag for coins that are not just 'C' verified but overgraded.

  • coinbufcoinbuf Posts: 10,400 ✭✭✭✭✭

    From what I have seen NGC has been very conservative over the past few years which might lead to a slight uptick if those get submitted. However It is my opinion that this host has not been overly conservative recently; and that will likely lead many to crack or cross (at a higher grade) those newer NGC graded coins before they have a chance to be submitted. So while there may be an opportunity for more gold beans I think the likely hood is you will see less going forward.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • jayPemjayPem Posts: 3,866 ✭✭✭✭✭

    I really really really hope so! The green ones remind me of split pea soup which I don't care for. The gold ones are like delicious cheese.

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    @jayPem said:
    I really really really hope so! The green ones remind me of split pea soup which I don't care for. The gold ones are like delicious cheese.

    The green ones are like Mr. Yuck stickers.

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Such a prediction would only result if collectors only submitted coins of exceptional quality. That is both unlikely and certainly unpredictable. Cheers, RickO

  • SIowhandSIowhand Posts: 317 ✭✭✭✭✭
    edited January 4, 2022 2:00PM

    We have to be getting close to the point that a vast majority of coins that are commonly traded have made their way to CAC.

    If forced to guess, I’d guess a downward trend in the number of beans.

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭
    edited January 4, 2022 2:02PM

    @SIowhand said:
    We have to be getting close to the point that a vast majority of coins that are commonly traded have made their way to CAC.

    If forced to guess, I’d guess a downward trend in the number of beans.

    I suppose there are untapped reservoirs of thousands upon thousands of under $100 coins that could go to CAC and get beaned... But they probably won't because it isn't worth the trouble.

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • VernoVerno Posts: 325 ✭✭✭

    Grading seems really tight IMO, all things being equal, does that mean that translate into more Gold Beans? Simply put , does grade deflation equal more CAC 'd coins?
    PS- I think that under grading is also damaging to the coin industry...grading companies should be calling balls and strikes, nothing more, nothing less

  • logger7logger7 Posts: 7,770 ✭✭✭✭✭
    edited January 4, 2022 4:45PM

    Even regular beans are a 40% shot with so many multiple submissions of the same coins to beggar the imagination. It's a giant leap to be a point and a half undergraded, the question is why were the graders and finalizer off that much?

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    @logger7 said:
    Even regular beans are a 40% shot with so many multiple submissions of the same coins to beggar the imagination. It's a giant leap to be a point and a half undergraded, the question is why were the graders and finalizer off that much?

    Maybe over time, toning in the slab hides some scuffs, so the net grade increases... :tongue:

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • VernoVerno Posts: 325 ✭✭✭

    @SIowhand said:
    We have to be getting close to the point that a vast majority of coins that are commonly traded have made their way to CAC.

    If forced to guess, I’d guess a downward trend in the number of beans.

    I am referring to newly graded and fresh coins( not regrades) agree with what your saying about stuff that been around.

  • amwldcoinamwldcoin Posts: 11,269 ✭✭✭✭✭

    Perhaps NGC is trying to get gold beans! They have been a real money maker for me in the Barber Series. I'm talking about many coins undergraded by as many as 20 points! I actively seek out freshly graded Barbers in NGC holders!

    @coinbuf said:
    From what I have seen NGC has been very conservative over the past few years which might lead to a slight uptick if those get submitted. However It is my opinion that this host has not been overly conservative recently; and that will likely lead many to crack or cross (at a higher grade) those newer NGC graded coins before they have a chance to be submitted. So while there may be an opportunity for more gold beans I think the likely hood is you will see less going forward.

  • GazesGazes Posts: 2,315 ✭✭✭✭✭

    @coinbuf said:
    From what I have seen NGC has been very conservative over the past few years which might lead to a slight uptick if those get submitted. However It is my opinion that this host has not been overly conservative recently; and that will likely lead many to crack or cross (at a higher grade) those newer NGC graded coins before they have a chance to be submitted. So while there may be an opportunity for more gold beans I think the likely hood is you will see less going forward.

    In my opinion, not sure why anyone has to put down coins in a particular slab (especially when it is our host). Just enjoy the coins you have and dont be negative about the grading service others choose (I collect PCGS only).

  • DollarAfterDollarDollarAfterDollar Posts: 3,205 ✭✭✭✭✭

    I just received 5 coins back from CAC. Before shipping I always write down my opinions on what they will do. The 3 I was convinced were under graded missed completely. The 2 I thought were middle to low got green.
    I'm questioning my sanity.
    No, I don't see gold beans often given.

    If you do what you always did, you get what you always got.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,571 ✭✭✭✭✭

    No. They don't give anything away.

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