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GOING FOR THE GOLD. UPDATE CAC RESULTS REVEALED. GTG NEWP 1944 Lincoln Cent

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  • ProofCollectionProofCollection Posts: 6,410 ✭✭✭✭✭

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

  • WalkerloverWalkerlover Posts: 952 ✭✭✭✭

    @ProofCollection said:

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    @ProofCollection said:

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    In general I agree with your point. But there is luck and some inconsistency with CAC grading as there is subjectivity involved. How else can a PCGS Morgan dollar go from MS 65+ CAC to MS 67+ CAC and still receive a sticker at 3 different grade bumps?

  • dhikewhitneydhikewhitney Posts: 475 ✭✭✭✭

    @ProofCollection said:
    I got here too late to guess but I think the grade is accurate. The pictures do not accurately show the surface but you can tell there is a lot of chatter on Lincoln's shoulder and face and the rim is "chewy." But the luster sure does help.

    I was also too late to guess but was thinking around $20. PCGS trends show $12, $16, and $30 for MS64,65,66.

  • lusterloverlusterlover Posts: 1,263 ✭✭✭✭
    edited July 24, 2023 11:19AM

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    I thought this thread was going to die but since it came back I'll comment. Agreed, CAC is tough on Lincolns but I am living proof there is no bias. I have a "newly graded" MS Lincoln that received a gold bean. It is RB (only 9 gold CACs) and apparently significantly undergraded. JA is one of the most objective people I've met in the industry. FWIW, I have another "newly graded" half cent that received a gold bean as well. Good luck on your quest.

  • WalkerloverWalkerlover Posts: 952 ✭✭✭✭

    @lusterlover said:

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    I thought this thread was going to die but since it came back I'll comment. Agreed, CAC is tough on Lincolns but I am living proof there is no bias. I have a "newly graded" MS Lincoln that received a gold bean. It is RB (only 9 gold CACs) and apparently significantly undergraded. JA is one of the most objective people I've met in the industry. FWIW, I have another "newly graded" half cent that received a gold bean as well. Good luck on your quest.

    Is it worth having CAC review it in your opinion or a waste of time and money? Are you able to post a photo, curious to see your Lincoln coin as it is also a newer holder

  • WalkerloverWalkerlover Posts: 952 ✭✭✭✭
    edited July 24, 2023 1:24PM

    @ProofCollection said:

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    You mentioned the chewy rim. How much effect does it have on this particular coin. Would it lower the grade a half point or full point or no real effect, talking about the rim only by itself regardless of the other contact marks?. I want to learn from you

  • ProofCollectionProofCollection Posts: 6,410 ✭✭✭✭✭

    @Walkerlover said:

    @ProofCollection said:

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    You mentioned the chewy rim. How much effect does it have on this particular coin. Would it lower the grade a half point or full point or no real effect, talking about the rim only by itself regardless of the other contact marks?. I want to learn from you

    Honestly I don't know and I'm not the best to learn from. I used to not pay that much attention to the rim but I have learned that it can't be ignored. What I have also observed is that the higher grade coins have very nice rims with few if any marks.

  • WalkerloverWalkerlover Posts: 952 ✭✭✭✭

    @ProofCollection said:

    @Walkerlover said:

    @ProofCollection said:

    @Walkerlover said:

    @FlyingAl said:

    @Walkerlover said:

    @DeplorableDan said:

    @Walkerlover said:
    Unfortunately no gold sticker. My observation is that perhaps the rim nicks prevented the gold sticker but I don’t know if that was the full issue.

    I can only say it is extremely difficult to get a gold sticker in the Lincoln series. Only 17 gold stickers in MS RD out of 12,600 green and gold stickered coins over 15 years of CAC grading. That computes to less than a 1/4 of a percentage!!!
    Edited to add there are 725 gold MS FB Mercury Dimes out of 11,000 green and gold graded by CAC which computes to almost 7% in comparison, making it seem like gold is very common in this series.

    Perhaps I will send this coin back to CAC in a few months as I think this coin might have a chance for gold upon a review by the CAC graders and JA.

    Gold stickers are extremely hard to get with any series, let alone a coin in a new generation holder. Think about how often you've seen a recent holder with a gold bean. I submitted a couple for gold review that I think were LOCKS for the next grade up if I were to crack them out, but they have old holders and already had green beans so probably not wise. They did not go gold.

    It’s unfortunate that CAC has a subconscious bias against newer holders for gold upgrades. That was my second obstacle. There is also some reason that they don’t like giving out gold stickers for Lincoln pennies as it doesn’t make sense so few gold Lincoln’s and a ton of gold Mercury dimes with the same submission amounts

    I think there's not a CAC bias here - I think it's your bias that that coin is better than it really is.

    Many members have stated that the coin isn't gold bean worthy, and now so has CAC. As with the VaultBox threads there needs to be a time to give up.

    Many members have seen 66 66+ 65+, only when the grade was revealed did people get cold feet. CAC didn’t give it a gold but grading is subjective and perhaps they weren’t considering it fully, as part of getting a gold sticker is luck and the mood in the grading room. I haven’t necessarily given up as I still will review it at CAC at a later date. I think you are an expert in 1940 proof coins but lacking in understanding Lincoln mint state coins. You have no idea how incredibly difficult it is to catch a gold Lincoln sticker is as only 17 were graded red in 15 years, doesn’t necessarily mean my coin wasn’t gold worthy.

    To be fair, the only photos we have are poor quality and over-exposed.
    Getting a gold CAC doesn't require luck, it requires having a significantly under-graded coin.

    You mentioned the chewy rim. How much effect does it have on this particular coin. Would it lower the grade a half point or full point or no real effect, talking about the rim only by itself regardless of the other contact marks?. I want to learn from you

    Honestly I don't know and I'm not the best to learn from. I used to not pay that much attention to the rim but I have learned that it can't be ignored. What I have also observed is that the higher grade coins have very nice rims with few if any marks.

    Makes sense maybe that’s what killed the chance for gold

  • davewesendavewesen Posts: 6,358 ✭✭✭✭✭

    can you get a gold CAC in anything for less than $100?

  • U1chicagoU1chicago Posts: 6,195 ✭✭✭✭✭
    edited July 24, 2023 4:52PM

    @davewesen said:
    can you get a gold CAC in anything for less than $100?

    The last few years, the answer is no (it was possible before 2020).
    Nowadays, a common Buffalo nickel or Mercury dime in MS 65 with a gold CAC will run you $200-$300 (with a rattler holder helping it reach the higher end of that range).

    Edit: here is a recent example...and that is around what they go for...

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