Didn’t realize a gold CAC sticker commanded this kind of premium 🙄
justmenutty72
Posts: 394 ✭✭✭
https://www.ebay.com/itm/394196726614?hash=item5bc7f4b356:g:fgAAAOSwespi9CKL
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Ridiculous if you ask me 👎
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I think it’s trying to market to to older NGC slab collectors and the gold sticker makes it more appealing without having to crack it out and try for a higher grade (but lose the old NGC slab). It’s something similar to that most likely.
Mr_Spud
Gold stickers don’t command such premiums - an ask price isn’t the same as a sale.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Fishing expedition hoping to yield a bite.
I know it sounds crazy, but let me play devil's advocate.
If I'm looking at the CAC pops correctly (and I admit I struggle with the newer format), then there are exactly 58 gold CACs across all wheat Lincolns, 1909-1958, including steel cents, across all grades, and in all shades. That's out of 20,000 +/- wheat Lincolns that have received CAC stickers.
Surprisingly, the majority of those--seven--are actually 1955 DD.
Regardless, it's clear that gold CAC Lincolns are as rare as hens teeth.
How many of those seven gold CAC 1955 DDs are in early generation slabs?
One? Two?
So this may be your only chance to acquire what is arguably the most iconic error coin in US mint history, in a sought-after very early generation slab, from one of the top two TPGs, with a gold CAC sticker.
If I needed a 1955 DD for my box of 20, I would have already bought this example.
--Severian the Lame
I wouldn't pay that. Old holders with gold CAC go for a premium, so someone might.
There is just enough carbon on this Lincoln; even if CAC says it is AU, I wouldn't care.
peacockcoins
Beyond the verdigris that minor staple scratch between Lincoln's chin and the date would be a pass for me in any AU grade.
Yeah they're milking the old holder/gold cac, and they know it compared to their other listings (btw, only $4500 directly on their site).
lots of extra pictures in the description for those that want to look.
Never give a sucker an even break - W. C. Fields
If I were a guessing man, I would posit that 6 or 7 of those 7 are in old holders. JA and Co have a clear bias for old holders.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Every time I see a '55 DDO posted, I think of the two bright new one's I saved as a kid. As I have said here before, they disappeared from my old bureau drawer while I was in the Navy. Dear old Mom had no idea....
Cheers, RickO
If I needed/wanted one for my box of 20, I wouldn’t care about the holder or the sticker - I’d focus on obtaining a great example. And the subject coin wouldn’t qualify.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
$4500 = 200% premium.
I get it. And you can find an excellent example at a faction of the cost.
You can find a brand new baseball at Sports Authority for a few bucks.
And you can buy Babe Ruth's autograph on a scrap of paper for $5,000.
Or you can walk back into the vault at work and grab that 1918 Babe Ruth signed ball, with its Beckett Letter of Authenticity, for $50,000.
Context matters.
Slabbing is literally the reason you and I are typing what we're typing here. Just because we were present at the birth of slabbing doesn't mean it's not an incredibly important development in the history of numismatics. Fewer and fewer examples of premium early slabs survive, with their numbers dwindling by the hour.
So you can have a premium example of a 1955 double die for a few thousand dollars. Or you can have one of the last surviving examples in an early top tier slab, one of only a few ever judged to be finer than the original grade assigned nearly 40 years ago.
All things being 100% equal, gun to your head, you can have a brand new slabbed 1955 Double Die Lincoln cent in XF45 condition, or this early slab with a gold CAC sticker. Which do you choose?
You and I both choose the gold CAC. 100%. So your claim that you don't care about the holder or the sticker is not true. We're already in agreement about the coin and the slab.
The disagreement is just the price.
--Severian the Lame
Our disagreement isn’t just about the price. That particular coin does nothing for me and 1955 DDO’s aren’t what I’d call rare.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yep. Them stickers add value. $5k for xf 45 w/sticker.
I got $2k for this in a genuine holder labeled "smoothed".
Though the buyer bought it in the "genny" holder , I could have cracked it out and got more. But that might have implied "cheating" on my part.
You are EXACTLY what the sticker game was engineered to produce! It's another name for lolipop....can you guess?
It’s clear that you don’t understand CAC’s motives. I really hope you’re not the banned member I’m thinking of, but either way, your recent posts appear to violate the posted PCGS rules and guidelines.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That's a reasonably high value coin to begin with. A 100% markup over just your average XF 45 in the old holder with a gold CAC sticker is not an unreasonable ask. $4,500 is perhaps a reach.
There’s no “perhaps” regarding a “reach” anywhere near that $4500 price. It’s not just the % premium that should be considered - it’s what coins of the next grade and two grades higher typically sell for that’s usually far more relevant. Most gold stickered coins sell for levels above the next grade up and sometimes at prices commensurate with two grades higher or more. However, even considering that, the subject coin puts such premiums to shame. Here are just a few auction results for much higher grade examples:
1955 1C Doubled Die Obverse, FS-101, MS63 Brown NGC
Jul 12, 2022
Auction Archives Sold For: $2,880.00
1955 1C Doubled Die Obverse, FS-101, MS62 Red and Brown PCGS
May 4, 2022
Auction Archives Sold For: $3,600.00
1955 1C Doubled Die Obverse AU55 PCGS
Mar 8, 2022
Auction Archives Sold For: $2,160.00
1955 1C Doubled Die Obverse, FS-101, MS63 Brown PCGS. CAC
Dec 16, 2021
Auction Archives Sold For: $3,960.00
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
As we're all fond of pointing out: You can ask anything you want. It's what an item sells for that matters.
Anchoring this piece by asking a high initial price is nothing new.
Is it worth a premium? I contend it's worth a strong premium and would wager it eventually sells for substantially more than an orange to this apple's rare slab and even more rare sticker.
Would the seller take less? My guess is probably.
Once again, everything else being equal: It comes down to price. And price is almost always negotiable.
--Severian the Lame
For half the price, I'd much rather have that coin in MS grade.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
The folks that buy into this stuff dont care that you can get a higher grade example for less money.They dont care about the coin anymore,just the plastic and sticker !