Need Advice. Send this coin straight to GC or try CACG first?

Walkerlover

I am considering selling this coin. If I do, question is do I send it straight to GC with the illusion of the older holder, with people thinking possible upgrade, or try for the plus at the new CACG first? Disclaimer: I have an opinion from JA that this coin is an A coin. But who knows at the new CACG with their set of new graders. Also factoring in the cost and time for grading fees. What would you do?

coinbuf

There is not a huge jump in price from 67 to 67+, by the time you invest the time and fees it doesn't really seem worth it to me, but your call. Also I would not classify this as an old holder, for myself that cutoff is the green label holders.

TomB

@coinbuf said:
There is not a huge jump in price from 67 to 67+, by the time you invest the time and fees it doesn't really seem worth it to me, but your call. Also I would not classify this as an old holder, for myself that cutoff is the green label holders.

I agree with all of the above and will add that for many folks (myself included) the Omaha Bank Hoard label is a net negative on a coin.

jmlanzaf

You've got an approximately $150 coin that's already in $50 worth of plastic and stickers and you want to know if you should add another $50 worth of plastic?

Is a CACG 67+ worth more or less than a PCGS 67 CAC?

winesteven

@jmlanzaf said:
You've got an approximately $150 coin that's already in $50 worth of plastic and stickers and you want to know if you should add another $50 worth of plastic?

Is a CACG 67+ worth more or less than a PCGS 67 CAC?

While only time will tell, I believe the market will value a CACG 67+ Legacy higher than a PCGS 67 CAC. Separately though, I agree that extra value may be less than the cost of trying to cross over to CACG. Additionally, despite JA’s comment about it being an A coin, there’s still a chance it won’t get the plus.

Steve

Walkerlover

@winesteven said:

@jmlanzaf said:
You've got an approximately $150 coin that's already in $50 worth of plastic and stickers and you want to know if you should add another $50 worth of plastic?

Is a CACG 67+ worth more or less than a PCGS 67 CAC?

While only time will tell, I believe the market will value a CACG 67+ Legacy higher than a PCGS 67 CAC. Separately though, I agree that extra value may be less than the cost of trying to cross over to CACG. Additionally, despite JA’s comment about it being an A coin, there’s still a chance it won’t get the plus.

Steve

I am sure a CACG + L will be much higher than just a PCGS/CAC. If not then CACG is a bust. The real question I think will be if CACG+ is equal or superior to PCGS/CAC +

Walkerlover

Actually I think I answered my own question. I will wait and see what prices CACG+ bring and than evaluate the risk reward factor

jmlanzaf

@winesteven said:

@jmlanzaf said:
You've got an approximately $150 coin that's already in $50 worth of plastic and stickers and you want to know if you should add another $50 worth of plastic?

Is a CACG 67+ worth more or less than a PCGS 67 CAC?

While only time will tell, I believe the market will value a CACG 67+ Legacy higher than a PCGS 67 CAC. Separately though, I agree that extra value may be less than the cost of trying to cross over to CACG. Additionally, despite JA’s comment about it being an A coin, there’s still a chance it won’t get the plus.

Steve

I agree that time will tell but markets can be stubborn things. PCGS plastic did not automatically add value 30 years ago over raw. There is no way to assess what the initial market reaction to CAVG will be. As you may have noticed, it isn't 100% positive now.

jmlanzaf

@Walkerlover said:

@winesteven said:

@jmlanzaf said:
You've got an approximately $150 coin that's already in $50 worth of plastic and stickers and you want to know if you should add another $50 worth of plastic?

Is a CACG 67+ worth more or less than a PCGS 67 CAC?

While only time will tell, I believe the market will value a CACG 67+ Legacy higher than a PCGS 67 CAC. Separately though, I agree that extra value may be less than the cost of trying to cross over to CACG. Additionally, despite JA’s comment about it being an A coin, there’s still a chance it won’t get the plus.

Steve

I am sure a CACG + L will be much higher than just a PCGS/CAC. If not then CACG is a bust. The real question I think will be if CACG+ is equal or superior to PCGS/CAC +

I disagree. It could be a success if it is just more consistent in the grading even at the same end value. Separately. A TPGS could be successful even at a lower market value based on other factors like cost, turnaround etc.

I would imagine NGC is successful even at a lower market value. In fact. NGC slabs more coins than PCGS.

cameonut2011

@Walkerlover said:
I am considering selling this coin. If I do, question is do I send it straight to GC with the illusion of the older holder, with people thinking possible upgrade, or try for the plus at the new CACG first? Disclaimer: I have an opinion from JA that this coin is an A coin. But who knows at the new CACG with their set of new graders. Also factoring in the cost and time for grading fees. What would you do?

It is not worth it on a common date coin. With regards to "A" coin, did JA say this or are you assuming that the CAC sticker means it is an "A" coin? I am not trying to be argumentative, but some posters assume that any CAC coin is automatically an "A" coin which is not the case. It appears to be nice from the images, but cell phone images can hide a lot.

ricko

My recommendation would be to leave it as is.... The market will not be changing radically in the near future due to the addition of a new TPG. No doubt there will be some evolution, but it will be slow. We watched the introduction of CAC and the slow acceptance, then demand. Nothing is guaranteed and certainly nothing radical and immediate. Cheers, RickO

P0CKETCHANGE

I have a half-dozen CAC’d PCGS coins that I’m planning to sell. I’ve decided to wait until CACG is open and get them into Legacy holders first. Figured having “first-gen” Legacy holders would be cool, and it gives me an excuse to try CACG.

winesteven

.

BStrauss3

Do you want to wait another six months?

CACG will soft open June 1st, with limited submissions from limited partners. It will take a while before they start accepting coins from the public - if they ever do. The demand from existing partners may swamp their capacity. Only time will tell...

Coin Finder

I think JA said its an "A" or "B" coin with a sticker. Don't sell the coin if you don't need the money unless you want to upgrade. I would wait and see how the new company shakes out on the coin market. Nothing lost in waiting..

Walkerfan

Certainly not worth the fees for the small grade increase and price bump. I like CAC stickered coins best and will continue to buy those instead of the new CACG coins, although I’m probably in the minority…

VanHalen

Leave it and send it to Great Collections now. On a coin at this value you are wasting money to have it regraded.

On a high dollar coins the calculus is very different.

Manifest_Destiny

@TomB said:

@coinbuf said:
There is not a huge jump in price from 67 to 67+, by the time you invest the time and fees it doesn't really seem worth it to me, but your call. Also I would not classify this as an old holder, for myself that cutoff is the green label holders.

I agree with all of the above and will add that for many folks (myself included) the Omaha Bank Hoard label is a net negative on a coin.

Yep.

Catbert

Who knows how long this hot market will last? If I wanted to sell the coin, I wouldn’t worry about CACG clothing before doing so.

alaura22

Just put it up on the BST with a price, I'm sure it will sell fast
JMO

Walkerlover

@Manifest_Destiny said:

@TomB said:

@coinbuf said:
There is not a huge jump in price from 67 to 67+, by the time you invest the time and fees it doesn't really seem worth it to me, but your call. Also I would not classify this as an old holder, for myself that cutoff is the green label holders.

I agree with all of the above and will add that for many folks (myself included) the Omaha Bank Hoard label is a net negative on a coin.

Yep.

I agree that the OBH label is a negative. But with the CAC blessing of the coin grade do you still think it’s a negative?

DNADave

What’s wrong with Omaha bank hoard coins? I’ve never heard this before.

Walkerlover

@DNADave said:
What’s wrong with Omaha bank hoard coins? I’ve never heard this before.

Most of the coins from this hoard were liberally or overgraded by PCGS. But I think a CAC endorsed OBH coin should be fine.

PerryHall

@alaura22 said:
Just put it up on the BST with a price, I'm sure it will sell fast
JMO

Agree assuming that you know what this coin is realistically worth. The BST is FREE and if you don't sell it there you can always send it to GC or put it on eBay.