I’d buy as many gold cac coins I could if they actually only sold for the next grade up. That is not what I see in the market. Almost always someone is asking for an absurd premium.
@SIowhand said:
I’d buy as many gold cac coins I could if they actually only sold for the next grade up. That is not what I see in the market. Almost always someone is asking for an absurd premium.
It's called the "CAC tax". If a CAC stickered coin is really nice, I'll pay a reasonable premium but it will be for the coin and not for a sticker. Premium quality for the grade coins carried a premium long before CAC came along.
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
Next grade up for me. Will just cash in my chips off casino wheel with casino cashier.
CAC Gold- While paying above the grade on the holder is not my modus operindi people will pay thru the roof for these. I never would have believed it. However, It’s their money, hobby.
I will stick to my buying low pop slabbed Mexico material and increasing my graded currency inventory.
In this hobby there are collectors and dealers. Real collectors enjoy the hobby using what educational tools are available to them while staying within their budget. Dealers are in the hobby to make money using whatever marketing tools, means are available to them. That includes using green, gold CAC stickers and MAC stickers. I am waiting for some new startup grading company to push slabs that have been graded by PCGS/NGC/ANACS stating the "average grade" of all three. This same company will slap a "platinum sticker" on the slab guaranteeing the "average grade" assigned. Where does it end?
@Cougar1978 said:
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
@Cougar1978 said:
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
It’s an assumption on the part of many or most, but that doesn’t mean that PCGS or NGC have to agree. On the other hand, if a gold-sticker coin doesn’t upgrade, why should it look bad on CAC, rather than the grading service that declines to upgrade the coin?
Remember, grades are opinions, not facts.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
This is my opinion and I have nothing factual to support it but I don’t think most collectors or dealers try upgrading most coins with gold stickers. The gold sticker premium for most modestly priced coins is too high to risk upgrading a coin with uncertain results. Obviously there are exceptions where it might make perfect sense to on rare 19th century coins that are severely undergraded.
@Cougar1978 said:
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
It’s an assumption on the part of many or most, but that doesn’t mean that PCGS or NGC have to agree. On the other hand, if a gold-sticker coin doesn’t upgrade, why should it look bad on CAC, rather than the grading service that declines to upgrade the coin?
Remember, grades are opinions, not facts.
Just to clarify, a grade is composed of separate criteria that contain facts, luster, strike, scratches/marks, toning mishandling etc. The summation of which is the grade opinion with weighting of select criteria.
If the gold sticker is intended to be a step up on a green sticker, which is a premium specimen, then logic would assume it is at least a plus desig. if not higher.
@Cougar1978 said:
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
It’s an assumption on the part of many or most, but that doesn’t mean that PCGS or NGC have to agree. On the other hand, if a gold-sticker coin doesn’t upgrade, why should it look bad on CAC, rather than the grading service that declines to upgrade the coin?
Remember, grades are opinions, not facts.
Just to clarify, a grade is composed of separate criteria that contain facts, luster, strike, scratches/marks, toning mishandling etc. The summation of which is the grade opinion with weighting of select criteria.
If the gold sticker is intended to be a step up on a green sticker, which is a premium specimen, then logic would assume it is at least a plus desig. if not higher.
The intended "step up on a green sticker" is an opinion provided by CAC. It can (and from time to time, does) differ from the opinion of PCGS or NGC.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Cougar1978 said:
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
It’s an assumption on the part of many or most, but that doesn’t mean that PCGS or NGC have to agree. On the other hand, if a gold-sticker coin doesn’t upgrade, why should it look bad on CAC, rather than the grading service that declines to upgrade the coin?
Remember, grades are opinions, not facts.
Just to clarify, a grade is composed of separate criteria that contain facts, luster, strike, scratches/marks, toning mishandling etc. The summation of which is the grade opinion with weighting of select criteria.
If the gold sticker is intended to be a step up on a green sticker, which is a premium specimen, then logic would assume it is at least a plus desig. if not higher.
The intended "step up on a green sticker" is an opinion provided by CAC. It can (and from time to time, does) differ from the opinion of PCGS or NGC.
Comments
Gold CAC, generally.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
I would take the Accugrade coin in 64 but only if the slab was hand signed by Alan Hager
Your hobby is supposed to be your therapy, not the reason you need it.
It really depends on the coins themselves. IMO the gold CAC only matters if they coin has high eye appeal.
I’d buy as many gold cac coins I could if they actually only sold for the next grade up. That is not what I see in the market. Almost always someone is asking for an absurd premium.
It's called the "CAC tax". If a CAC stickered coin is really nice, I'll pay a reasonable premium but it will be for the coin and not for a sticker. Premium quality for the grade coins carried a premium long before CAC came along.
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
Next grade up for me. Will just cash in my chips off casino wheel with casino cashier.
CAC Gold- While paying above the grade on the holder is not my modus operindi people will pay thru the roof for these. I never would have believed it. However, It’s their money, hobby.
I will stick to my buying low pop slabbed Mexico material and increasing my graded currency inventory.
You are EXACTLY what the sticker game was engineered to exploit.
Are we talking early Federal gold or Mercury dimes?
Mostly, I’d rather have the coin I like more at a price I think is appropriate for the coin.
Factors to consider are:
All of the above needs considerations.
In this hobby there are collectors and dealers. Real collectors enjoy the hobby using what educational tools are available to them while staying within their budget. Dealers are in the hobby to make money using whatever marketing tools, means are available to them. That includes using green, gold CAC stickers and MAC stickers. I am waiting for some new startup grading company to push slabs that have been graded by PCGS/NGC/ANACS stating the "average grade" of all three. This same company will slap a "platinum sticker" on the slab guaranteeing the "average grade" assigned. Where does it end?
What percent of your gold CAC submitted for upgrade made the upgrade?
Anything under 100% is unacceptable given the premium the gold CACs go for.
It doesn’t work that way. Just because certain coins bring moon money doesn’t necessarily mean they have to receive grades that justify such prices.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Isn't part of the reason gold CACs go for more is the assumption it is at a minimum 1 grade higher? Looks bad on CAC to give a gold and not get a bump.
It’s an assumption on the part of many or most, but that doesn’t mean that PCGS or NGC have to agree. On the other hand, if a gold-sticker coin doesn’t upgrade, why should it look bad on CAC, rather than the grading service that declines to upgrade the coin?
Remember, grades are opinions, not facts.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Here's a good example with a Gold CAC sticker which has a not so faint staple drag mark across the obverse.
Gold CAC asking price = $900 with current PCGS Price Guide values at MS65 = $185, & MS66 = $360.
I'd much rather have a sticker-less MS66 over this any day.
Nice catch!
The old holders with a cac gold confer quite a lot of credibility compared to the next higher grade in a modern holder.
This is my opinion and I have nothing factual to support it but I don’t think most collectors or dealers try upgrading most coins with gold stickers. The gold sticker premium for most modestly priced coins is too high to risk upgrading a coin with uncertain results. Obviously there are exceptions where it might make perfect sense to on rare 19th century coins that are severely undergraded.
Just to clarify, a grade is composed of separate criteria that contain facts, luster, strike, scratches/marks, toning mishandling etc. The summation of which is the grade opinion with weighting of select criteria.
If the gold sticker is intended to be a step up on a green sticker, which is a premium specimen, then logic would assume it is at least a plus desig. if not higher.
The intended "step up on a green sticker" is an opinion provided by CAC. It can (and from time to time, does) differ from the opinion of PCGS or NGC.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
No doubt.