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Witter Coin and lots of gold CAC beans

SeattleSlammerSeattleSlammer Posts: 9,971 ✭✭✭✭✭
edited October 20, 2022 4:08PM in U.S. Coin Forum

Fun stuff! … thanks @SethChandler ⭐️

https://youtu.be/PHycFoWkB3g

Comments

  • TomBTomB Posts: 21,127 ✭✭✭✭✭

    That's way cool! Thank you @SethChandler for the video and @SeattleSlammer for bringing it to the attention of the boards.

    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Great video and great coins.... Thanks to all for posting. Cheers, RickO

  • MeltdownMeltdown Posts: 8,762 ✭✭✭✭✭
  • orevilleoreville Posts: 11,933 ✭✭✭✭✭

    Very nice.

    A Collectors Universe poster since 1997!
  • pcgscacgoldpcgscacgold Posts: 2,769 ✭✭✭✭✭

    Thanks @MFeld
    Makes sense.

  • mavs2583mavs2583 Posts: 200 ✭✭✭✭

    As a merc collector, old holders without stickers can be a good value. Witter coins have a great eye for quality.

  • WalkerloverWalkerlover Posts: 854 ✭✭✭✭
    edited October 22, 2022 12:10PM

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

  • MFeldMFeld Posts: 13,290 ✭✭✭✭✭

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • WalkerloverWalkerlover Posts: 854 ✭✭✭✭
    edited October 22, 2022 12:43PM

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

  • MFeldMFeld Posts: 13,290 ✭✭✭✭✭

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

    No, I meant what’s the combined PCGS/NGC population of lower value Mercury dimes that don’t have large spreads in value between grades, vs. the populations of lower value Lincoln cents and Washington quarters? It would probably be quite time consuming to figure that out. But my hunch is that there are a lot more Mercury dimes that fit those parameters than Lincoln cents and Washington quarters. If so, that would explain why more of the dimes have received gold stickers.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • stevebensteveben Posts: 4,610 ✭✭✭✭✭

    i enjoyed it!

  • oldabeintxoldabeintx Posts: 1,882 ✭✭✭✭✭

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

    No, I meant what’s the combined PCGS/NGC population of lower value Mercury dimes that don’t have large spreads in value between grades, vs. the populations of lower value Lincoln cents and Washington quarters? It would probably be quite time consuming to figure that out. But my hunch is that there are a lot more Mercury dimes that fit those parameters than Lincoln cents and Washington quarters. If so, that would explain why more of the dimes have received gold stickers.

    Perhaps the coins themselves, the size and design, and metals hold the answer - this is a guess. We've all seen the large number of shiny Mercs available out there along with later date Washingtons and Lincolns. If you're a grader at PCGS or NGC you see thousands of these things and only have a short time to grade them. Lincolns in high grade are easy to spot because of their color and toning, lack of spots. Washingtons in high grade are easy to spot because of their size and simple design. Mercs are small and have busy designs. A lustrous 64 looks pretty much like a lustrous 66. Do you take a lot of time to zero in on the points that separate the grades or just safely slap a 64 or 65 on many of them? Perhaps CAC probably does.

  • WalkerloverWalkerlover Posts: 854 ✭✭✭✭

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

    No, I meant what’s the combined PCGS/NGC population of lower value Mercury dimes that don’t have large spreads in value between grades, vs. the populations of lower value Lincoln cents and Washington quarters? It would probably be quite time consuming to figure that out. But my hunch is that there are a lot more Mercury dimes that fit those parameters than Lincoln cents and Washington quarters. If so, that would explain why more of the dimes have received gold stickers.

    Thanks for the clarification. Makes sense. Correction on the Washington quarter only 165 gold. How do you think prices for these lower gold pop series coins will fare against the higher pop Mercury’s and Buffalos(500) when I last checked.

  • TPRCTPRC Posts: 3,784 ✭✭✭✭✭

    Excellent video! Educational. Thanks.

    Tom

  • MFeldMFeld Posts: 13,290 ✭✭✭✭✭

    @oldabeintx said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

    No, I meant what’s the combined PCGS/NGC population of lower value Mercury dimes that don’t have large spreads in value between grades, vs. the populations of lower value Lincoln cents and Washington quarters? It would probably be quite time consuming to figure that out. But my hunch is that there are a lot more Mercury dimes that fit those parameters than Lincoln cents and Washington quarters. If so, that would explain why more of the dimes have received gold stickers.

    Perhaps the coins themselves, the size and design, and metals hold the answer - this is a guess. We've all seen the large number of shiny Mercs available out there along with later date Washingtons and Lincolns. If you're a grader at PCGS or NGC you see thousands of these things and only have a short time to grade them. Lincolns in high grade are easy to spot because of their color and toning, lack of spots. Washingtons in high grade are easy to spot because of their size and simple design. Mercs are small and have busy designs. A lustrous 64 looks pretty much like a lustrous 66. Do you take a lot of time to zero in on the points that separate the grades or just safely slap a 64 or 65 on many of them? Perhaps CAC probably does.

    >
    If the differences in the numbers of gold stickers aren’t attributable to the overall populations for each coin type, your guess makes as much or more sense than anything I can think of.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • MFeldMFeld Posts: 13,290 ✭✭✭✭✭

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @Walkerlover said:

    @MFeld said:

    @pcgscacgold said:
    Thanks for posting the video.

    Seems like a lot of Mercury dimes earn gold stickers. Grading standards must have changed a lot for that series.

    I don’t think that grading standards have changed any more for Mercury dimes than for other types of coins.
    My guess is that many of the gold-stickered examples are of fairly low value, with relatively small value increases at the next grade up. As a result, there’s been less incentive to resubmit them for higher grades. So a good number of the conservatively graded ones have remained in their holders and earned gold CAC stickers.

    Mr. Feld I agree completely with your guess about the Mercury Dimes. What I can’t figure out is the low amount of gold sticker Washington quarters I think about 250 or so, and the extremely low amount of gold sticker Lincoln’s 14 in MS red I believe. Mercury dimes have about 600 in FB alone. Both series also have small differences in price’s between common higher grade later date lower value coins as well. Do you have any theories on this phenomenon?

    You’ve probably already checked it out. But the first possible explanation that crosses my mind is that the pop of relevant/qualifying Mercury dimes is greater than that of the other types. If that’s not the case, I’m stumped.

    Thanks for your reply. I am relatively new member to the CAC company.. Upon further checking I see that the amount of coins stickered by CAC in both green and gold is approximately 11,000 graded each for all 3 series. So fairly even. Is that what you mean by qualifying population? Due to the high demand and price for gold stickers I would think dealers and collectors would be submitting their low value special Washington Quarters and Lincoln’s hoping to get that coveted gold sticker.

    No, I meant what’s the combined PCGS/NGC population of lower value Mercury dimes that don’t have large spreads in value between grades, vs. the populations of lower value Lincoln cents and Washington quarters? It would probably be quite time consuming to figure that out. But my hunch is that there are a lot more Mercury dimes that fit those parameters than Lincoln cents and Washington quarters. If so, that would explain why more of the dimes have received gold stickers.

    Thanks for the clarification. Makes sense. Correction on the Washington quarter only 165 gold. How do you think prices for these lower gold pop series coins will fare against the higher pop Mercury’s and Buffalos(500) when I last checked.

    Sorry, I have no idea and prefer not to hazard a guess.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • SethChandlerSethChandler Posts: 1,705 ✭✭✭✭

    That was a fun project. Glad a few folks got a kick out of it.

    Collecting since 1976.

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