Experience in submitting formerly stickered coins to CAC

liefgold

I have a gold dollar that was formerly CAC approved as 64+ and 64. It was resubmitted to PCGS hoping for uprade and came back as 64. It was then resubmitted to CAC and not approved. I have photos that prove it is the same coin. Has anyone had success it submitting that kind of history to CAC and having them change their mind?

PeakRarities

Did you send the photos in with the coin when you resubmitted to CAC?

liefgold

@DeplorableDan said:
Did you send the photos in with the coin when you resubmitted to CAC?

I did not. Thinking of resending with them this time.

1madman

Your coin keeps getting submitted for services, and basically keeps downgrading. (Lost the +, lost the cac sticker)

What’s the purpose of doing that?

PeakRarities

@liefgold said:

@DeplorableDan said:
Did you send the photos in with the coin when you resubmitted to CAC?

I did not. Thinking of resending with them this time.

I would indeed try that, maybe with a little note that the coin was previously CAC approved 😉

lermish

For future submissions, you might want to use the Reconsideration (to keep grade and CAC) or Regrade (to keep grade) service so you don't have the potential of downgrades if things don't go your way.

PeakRarities

@lermish said:
For future submissions, you might want to use the Reconsideration (to keep grade and CAC) or Regrade (to keep grade) service so you don't have the potential of downgrades if things don't go your way.

Agreed. I assume op thought it can go 65, and they’d have a better shot at that grade with a new submission. With “regrade” the coin is cracked out of its holder and graded, if it doesn’t upgrade it is slabbed at its original grade, and I would have used this or reconsideration after the coin already had a + and CAC.

This exercise just goes to show grading is subjective and the graders are only human. PCGS graded it both a 64 and 64+, and CAC graded it both 64B and 64C, nothing unusual. Do send the pictures next time though.

liefgold

Thanks for the advice. Has anyone actually done this type of resubmission with success?
I was not actually the person who owned and submitted the coin when it received CAC approvals. But I can show auction photos that prove it is the same coin.

PerryHall

@1madman said:
Your coin keeps getting submitted for services, and basically keeps downgrading. (Lost the +, lost the cac sticker)

What’s the purpose of doing that?

He's trying to make some money but it's a gamble and you have be prepared to lose.

lermish

@liefgold said:
Thanks for the advice. Has anyone actually done this type of resubmission with success?
I was not actually the person who owned and submitted the coin when it received CAC approvals. But I can show auction photos that prove it is the same coin.

That is usually enough along with a note but...because it is a new cert #, nothing is guaranteed. It's possible it picked up an issue getting cracked out, or in shipping, or someone dipped the coin, or they no longer agree with their own assessment. They may decline to re-sticker the coin (again).

liefgold

@lermish said:

That is usually enough along with a note but...because it is a new cert #, nothing is guaranteed. It's possible it picked up an issue getting cracked out, or in shipping, or someone dipped the coin, or they no longer agree with their own assessment. They may decline to re-sticker the coin (again).

Thanks. It is a pretty big jump in value for the sticker, so probably worth the attempt.

liefgold

here is the coin:

PeakRarities

Based on the images, I would have been more than content with a 64+CAC. Not sure why someone attempted to get that into a 65 holder

TomB

From what I have read, CAC is rather understanding of coins that were previously stickered, but then went back for reconsideration. However, I would imagine the bar would be quite a bit higher if a coin were previously stickered and then cracked out and resubmitted, which is what appears to have happened to this coin. If it were sent in for reconsideration then you would have the paperwork trail from the submission to provide with the coin and CAC could feel confident that the surfaces were not changed between grading events. By cracking the coin out and sending it in as a raw piece then CAC cannot be as confident that the coin hadn't been altered and might be much more likely to view it as an entirely new submission.

I know that if I ran CAC that I would view all coins cracked out and submitted again as having no CAC history and would give them no benefit of the doubt. Good luck!

1madman

@DeplorableDan said:
Based on the images, I would have been more than content with a 64+CAC. Not sure why someone attempted to get that into a 65 holder

Completely agree. Thanks for posting the pictures. I think the coin is accurately graded/slabbed as a straight 64 non cac. Lots of tiny nicks all over the coin. You should be able to find a nicer example for your set.

Cougar1978

Playing the upgrade game has its expense and risks. When I do I specify minimum grade. I cant imagine playing trying get both upgrade and resticker. Unless gold sticker no incentive for me play it.