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GTG - $2-1/2 Indian 63+ CAC holder. Should I send it in for 64 reconsideration and lose the sticker?

GoldminersGoldminers Posts: 3,483 ✭✭✭✭✭
edited May 21, 2023 5:13AM in U.S. Coin Forum

Edited to ask, do you think the new CAC would call it a 64 if it was sent there?

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I would not resubmit the coin... Very nice looking gold coin. Cheers, RickO

  • sellitstoresellitstore Posts: 2,222 ✭✭✭✭✭

    Love the color. Looks like it could very well grade 64 but I'm not sure if it's worth losing the sticker. Can't help with that part of the decision but the coin could grade 64.

    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • SmudgeSmudge Posts: 9,053 ✭✭✭✭✭

    Looks 64. Nice look to that one.

  • PerryHallPerryHall Posts: 44,827 ✭✭✭✭✭

    I think it looks fine where it is now.

    Worry is the interest you pay on a debt you may not owe.

  • ms71ms71 Posts: 1,432 ✭✭✭✭✭
    edited May 21, 2023 7:10AM

    Tough call. With the incuse Indians, anything 64 and higher seems to depend on luster a good deal more than with other issues. It's impossible to judge them from photos, even good ones.

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  • GoldminersGoldminers Posts: 3,483 ✭✭✭✭✭

    Thanks, I have the rest of the entire set in 64 to 65+ all CAC except this 63+ key. It looks like a higher grade to me compared to several others in my set, but I may be biased ;).

    I would really like to see this in a 64 CAC holder if it is justified, but I am not a CAC member so I may have to wait a while to understand how to even try for a new resubmittal the way things are changing.

  • Cougar1978Cougar1978 Posts: 7,186 ✭✭✭✭✭
    edited May 21, 2023 6:58AM

    A bump up to 64 from 63 plus would add $5000 in MV per Coin Facts. $17500 to $22500. In addition the number graded higher would shrink by 333. Then in MS 64 only 34 graded higher. Upgrade to 64 a super double play.

    I would send it in to our hosts specifying minimum grade of MS64. If it upgrades, I guess that’s where me and the sticker game on that one part company.

    Then in its PCGS MS64 holder, the number one TPG IMO works just fine for me. With just it’s pop higher of just 34 from my table at a show consider starting ask price of $25,000 as I consider it PQ. Then lots room for negotiation from there. However being in the drivers seat maybe not negotiable. For a wealthy buyer comes down to how badly they want it. That amt chump change to them.

    Coins & Currency both US and World
  • jfriedm56jfriedm56 Posts: 586 ✭✭✭✭✭

    I would keep it as is.

  • GoldminersGoldminers Posts: 3,483 ✭✭✭✭✭

    @Cougar1978 said:
    A bump up to 64 from 63 plus would add $5000 in MV per Coin Facts. $17500 to $22500. In addition the number graded higher would shrink by 333. Then in MS 64 only 34 graded higher. Upgrade to 64 a super double play.

    I would send it in to our hosts specifying minimum grade of MS64. If it upgrades, I guess that’s where me and the sticker game on that one part company.

    Then in its PCGS MS64 holder, the number one TPG IMO works just fine for me. With just it’s pop higher of just 34 from my table at a show consider starting ask price of $25,000 as I consider it PQ. Then lots room for negotiation from there. However, being in the drivers seat maybe not negotiable. For a wealthy buyer comes down to how badly they want it. That amt chump change to them.

    Thank you for your discussion. This is exactly what I have been thinking about as well. The upgrade value is significant, and these Indians have been getting very strong bids lately. Part of the reason I have not been able to improve my set much recently, as I keep getting outbid a bit beyond my financial capability.

    I bought this a while back because I liked the original look without any significant spots or marks on the face, and the strike is decent. I may just have to try reconsideration with a minimum 64 and see what happens. At least a few others with more experience than I have, agree a 64 is possible.

  • TomBTomB Posts: 20,266 ✭✭✭✭✭

    There's one sure way to find out what CAC might think...

    Thomas Bush Numismatics & Numismatic Photography

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

    image
  • HillbillyCollectorHillbillyCollector Posts: 389 ✭✭✭✭

    @TomB said:
    There's one sure way to find out what CAC might think...

    Please explain your thoughts?
    Are you thinking to send to CACG for a reconsideration for a 64 grade?
    I’m trying to get up to speed on CACG, if this seems like a dumb question.

  • CoinscratchCoinscratch Posts: 7,396 ✭✭✭✭✭

    I would. Nothing to lose and everything to gain. Nice looking piece.

  • skier07skier07 Posts: 3,527 ✭✭✭✭✭

    If it was my coin and I thought it was undergraded I’d send it to PCGS as a reconsideration. If unsuccessful no harm and if successful CAC will need to regrade it. Cracking it out (I don’t have the stomach or hands for that) or submitting as a regrade increases your chance of upgrading but you automatically lose the sticker.

  • CoinscratchCoinscratch Posts: 7,396 ✭✭✭✭✭
    edited May 21, 2023 4:30PM

    @skier07 said:
    If it was my coin and I thought it was undergraded I’d send it to PCGS as a reconsideration. If unsuccessful no harm and if successful CAC will need to regrade it. Cracking it out (I don’t have the stomach or hands for that) or submitting as a regrade increases your chance of upgrading but you automatically lose the sticker.

    Overall (based on a TV) the coin looks better than 63 which is why it popped to a plus but I'm guessing held back from 64/65 because of that one big hit. Even still (as the TV lies) I can see a 64.

    Edit: I have had a couple margaritas so...

  • alaura22alaura22 Posts: 2,059 ✭✭✭✭✭

    Reconsideration is the safest way to go. If it doesn't then it stays in the holder. If it does upgrade then you will need to resubmit it to CAC. If it were mine, I'd do the above, nothing to lose, everything to gain
    It's a great looking coin
    Good luck

  • MartinMartin Posts: 741 ✭✭✭✭
    edited May 21, 2023 5:30PM

    @Goldminers seems you should know the series. If you think the coin has it, ship it off for a regard at 64. It’s to big a price jump not to. Once or twice. Then see if it beans or not.
    Not really much to loose.
    I have no idea if it will upgrade I don’t play with them. But you do

    Good luck on it.
    Martin

  • HillbillyCollectorHillbillyCollector Posts: 389 ✭✭✭✭
    edited May 21, 2023 5:53PM

    If it were mine, I would probably be happy as is.
    Otherwise, try for a reconsideration but if you get it, I’m not certain about stickering, if this is a deal breaker.
    Good luck!
    Oh, edit to add that I do love the coin!

  • winestevenwinesteven Posts: 3,723 ✭✭✭✭✭

    If the PCGS Registry is not too important to you, just have a dealer submit it to CACG once they open, for crossover at 64 or better. If it works, do the happy dance. If it doesn’t work, you’ll still have your 63+ w/CAC back, out only the fees. The potential market value increase if successful FAR outweighs your cost if it fails.

    If you don’t submit it, you’ll be awake at night wondering IF it would upgrade, AND you may be missing out on market value. As Nike says, “Just Do It”.

    Steve

    A day without fine wine and working on your coin collection is like a day without sunshine!!!

    My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
    https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
  • PerryHallPerryHall Posts: 44,827 ✭✭✭✭✭

    @winesteven said:
    If you don’t submit it, you’ll be awake at night wondering IF it would upgrade, AND you may be missing out on market value. As Nike says, “Just Do It”.

    Agree and I had the same thought. If you don't try for a MS64, it will eventually drive you insane. :o

    Worry is the interest you pay on a debt you may not owe.

  • BillJonesBillJones Posts: 33,020 ✭✭✭✭✭

    Which is more valuable, an MS-63+ with a CAC sticker or an MS-64 without it? Given the imperial status that many collectors give to the sticker, the MS-63 is probably the better bet.

    Of course, the MS-64 with the sticker would be better, but what is the marginal cost and reward for doing that? Given the high costs for shipping and grading these days, that sort of analysis is necessary if financial gain is your goal.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • GoldminersGoldminers Posts: 3,483 ✭✭✭✭✭

    @Cougar1978,

    @PerryHall said:

    @winesteven said:
    If you don’t submit it, you’ll be awake at night wondering IF it would upgrade, AND you may be missing out on market value. As Nike says, “Just Do It”.

    Agree and I had the same thought. If you don't try for a MS64, it will eventually drive you insane. :o

    Thanks for the advice. Now I am staying up at night waiting for CACG to open. LOL

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