1948 Gold CAC Washington Quarter Brings Incredible Price At G.C. Tonight. What Are Your Thoughts

Joey29

So this 1948 Gold Quarter sold for $325 tonight even though it’s PCGS price guide is only $26 in MS 65. All gold labels sold strong but mostly 2-4 times price guide, except this quarter. Is this a special circumstance? What do you think?

oih82w8

Not digging the "toning" on this piece.

Relaxn

CAC mania...
Mix gold CAC with rattler and you get some mania

FlyingAl

Just like many of the other examples you've posted, this is a holder premium.

Here's an equation:
PCGS Rattler + Gold CAC = BIG MONEY

There's also a bit of code involved -

IF coin is toned,
and if toning is attractive,
then BIGGER MONEY.

IF coin is not toned,
or IF coin is toned unattractively,
NO CHANGE, so BIG MONEY.

My Javascript is really rusty . Hope this helps in the future.

Joey29

@FlyingAl said:
Just like many of the other examples you've posted, this is a holder premium.

Here's an equation:
PCGS Rattler + Gold CAC = BIG MONEY

There's also a bit of code involved -

IF coin is toned,
and if toning is attractive,
then BIGGER MONEY.

IF coin is not toned,
or IF coin is toned unattractively,
NO CHANGE, so BIG MONEY.

My Javascript is really rusty . Hope this helps in the future.

Al would an older PCGS holder say 10-20 years back but not a OGH or Rattler plus Gold Label and great eye appeal still equal Bigger or Big Money?

TomB

I think that @Relaxn hit it on the head. Regardless, the fold above "price guide" holds far less meaning when the published value of the coin is low.

291fifth

Common date coin. Ugly toning pattern. Someone just buried themselves.

fathom

Irrational exuberance.

BillJones

Gold CAC coins are a collectible by themselves regardless of the host coin. The toning is original but unattractive. I don’t understand it.

MFeld

A genuine "1948 Gold Washington Quarter" would bring a lot more than $325. For gosh sakes, it's a CAC gold-stickered 1948 Washington quarter, not a 1948 Gold Washington Quarter.

Joey29

@MFeld said:
A genuine "1948 Gold Washington Quarter" would bring a lot more than $325. For gosh sakes, it's a CAC gold-stickered 1948 Washington quarter, not a 1948 Gold Washington Quarter.

Will correct. Figured people knew what it is anyway

MWallace

Buy the coin, not the sticker.

ricko

There are label collectors, holder collectors, sticker collectors, tarnish collectors - and even coin collectors. Each have their focus, preference and personal taste. That coin, to me, is twenty five cents.... Nothing more. Cheers, RickO

ms71

At least two bidders wanted it. Really wanted it.

FlyingAl

@Joey29 said:

@FlyingAl said:
Just like many of the other examples you've posted, this is a holder premium.

Here's an equation:
PCGS Rattler + Gold CAC = BIG MONEY

There's also a bit of code involved -

IF coin is toned,
and if toning is attractive,
then BIGGER MONEY.

IF coin is not toned,
or IF coin is toned unattractively,
NO CHANGE, so BIG MONEY.

My Javascript is really rusty . Hope this helps in the future.

Al would an older PCGS holder say 10-20 years back but not a OGH or Rattler plus Gold Label and great eye appeal still equal Bigger or Big Money?

The premium would be there, just not as much. Maybe cut it in half? I'm not quite sure as I'm not a holder guy. You might be able to tell by looking at past sales, but I'm not gonna do that research for you, as you'd need a lot of examples. I would assume that the premium for the holder doesn't exist, and it's a gold CAC premium in this scenario.

braddick

I would hope it looks charming in hand and perhaps offers MS66 surfaces.

rokky

Eeewh, not for me

Dave99B

The beauty of auctions: Only takes two bidders.

Dave

Catbert

@Rubicon @Joey29

Sometimes auction outcomes aren’t rational. This isn’t a new phenomenon.

Dwight_M

As the consignor , I think it was a wonderful auction lol

pmh1nic

26 bids All it takes is two committed to the coin to drive it up before things to get out of hand.

DelawareDoons

This is the new normal on gold CAC. $300ish floor.

Joey29

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

DelawareDoons

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Joey29

@DelawareDoons said:

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Interesting as it seems the coin quality itself has a very little factor in the selling price

Joey29

@Joey29 said:

@DelawareDoons said:

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Interesting as it seems the coin quality itself has a very little factor in the selling price. I think collectors are probably making some type of sets of Gold CAC coins

Relaxn

@Joey29 said:

@Joey29 said:

@DelawareDoons said:

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Interesting as it seems the coin quality itself has a very little factor in the selling price. I think collectors are probably making some type of sets of Gold CAC coins

That is an interesting statement. The coin is in a TPG holder and has a GOLD CAC does that not automatically imply some kind of quality?
Gold CAC labeled couns are interesting, for me, as it helps me learn what CAC is looking for when the pass or gold label coins.

Aspie_Rocco

A likely scenario I can imagine is someone working on a very specific set, maybe only rattler Washingtons, or only gold CAC Washingtons, or only rattlers with gold CAC or any CAC.

Or maybe that guy from years ago is back buying any gold CAC at any price.

ChrisH821

@Relaxn said:

@Joey29 said:

@Joey29 said:

@DelawareDoons said:

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Interesting as it seems the coin quality itself has a very little factor in the selling price. I think collectors are probably making some type of sets of Gold CAC coins

That is an interesting statement. The coin is in a TPG holder and has a GOLD CAC does that not automatically imply some kind of quality?
Gold CAC labeled couns are interesting, for me, as it helps me learn what CAC is looking for when the pass or gold label coins.

I assume by "coin quality" he meant "coin eye appeal". Which I agree, this doesn't look like a very attractive coin, but it is probably a high quality coin.

Joey29

@Relaxn said:

@Joey29 said:

@Joey29 said:

@DelawareDoons said:

@Joey29 said:

@DelawareDoons said:
This is the new normal on gold CAC. $300ish floor.

Any holder or only rattler and OGH

Any gold CAC should get at least $250 from what I've seen lately. Add any old holder and $300 is the minimum.

Interesting as it seems the coin quality itself has a very little factor in the selling price. I think collectors are probably making some type of sets of Gold CAC coins

That is an interesting statement. The coin is in a TPG holder and has a GOLD CAC does that not automatically imply some kind of quality?
Gold CAC labeled couns are interesting, for me, as it helps me learn what CAC is looking for when the pass or gold label coins.

Sorry meant eye appealing

kaz

@Relaxn said:
CAC mania...
Mix gold CAC with rattler and you get some mania

I think they need to start putting some Lithium in those gold stickers.