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Something highly unusual at a coin show

GotTheBugGotTheBug Posts: 1,519 ✭✭✭✭✭

Yesterday I attended the Venice, FL show. This isn't a show report as this show is very small and I didn't stay long. As a side note, congratulations to the Venice coin club on their 60 years in existence.

Anyhow, I saw a PCGS-holdered coin with the green CAC sticker scraped off! I forget what the coin was but was very surprised to see the sticker gone, and I am 100% sure that it wasn't from wear, as some of the scraping marks were visible outside of the outlines of the bean, with green flecks remaining in the residue from that familiar oval pattern.

This is tantamount to instantly eliminating 20% or more of the coin's retail value, given CAC premiums these days. I'm still scratching my head on this one. It seems like coin heresy....

Comments

  • PerryHallPerryHall Posts: 45,203 ✭✭✭✭✭

    Did you ask the coin dealer why the CAC sticker was scraped off?

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

  • Manifest_DestinyManifest_Destiny Posts: 3,046 ✭✭✭✭✭

    I either submit raw, or get existing certs reholdered. I have a handful that were CAC but have no plans to get them rebeaned. I couldn't care less about CAC beans. You could still run the cert though and find out.

  • spacehaydukespacehayduke Posts: 5,427 ✭✭✭✭✭

    @Manifest_Destiny said:
    I either submit raw, or get existing certs reholdered. I have a handful that were CAC but have no plans to get them rebeaned. I couldn't care less about CAC beans. You could still run the cert though and find out.

    Hmm........ Let's say for some reason in the future you have to sell. Let's say you walk up to a dealer table to sell, you claim your coins are CAC. Dealer says 'where are the stickers?' You say 'check the CAC coin look-up'. Dealer does and says 'hmm, that is strange'. You explain. Dealer says 'without stickers, I can only offer you 10% back of bid, maybe there is a glitch in the CAC system right now'...............

    Hmm............................


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  • oldabeintxoldabeintx Posts: 1,564 ✭✭✭✭✭

    Very kind of Mark to look for a rational explanation. IMO just someone along the line who is at the far end of the "I hate stickers" spectrum.

  • MFeldMFeld Posts: 11,736 ✭✭✭✭✭

    @oldabeintx said:
    Very kind of Mark to look for a rational explanation. IMO just someone along the line who is at the far end of the "I hate stickers" spectrum.

    I considered that possibility, as well and almost included it in my previous post. I even envisioned someone acting all macho, saying, “I don’t need this stinkin sticker to help sell my coin” and scraping the sticker off.

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

  • JWPJWP Posts: 16,531 ✭✭✭✭✭

    Confusing. If you don't like the green bean - don't buy a coin that has one.

    USN & USAF retired 1971-1993
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  • jmlanzafjmlanzaf Posts: 31,311 ✭✭✭✭✭

    @MFeld said:
    There are rare occasions in which sellers feel that a green CAC sticker can lower, rather than increase the value of a coin. If the coin appears to be obviously under-graded and perhaps worthy of a gold CAC sticker, a green sticker can be perceived as a negative. Of course, in such a situation, if the seller's going to remove the sticker, he should do a good job of it. ;)

    Perhaps it's time to go into the sticker removal business.

  • cmerlo1cmerlo1 Posts: 7,890 ✭✭✭✭✭

    I sold a Morgan dollar a while back like this, which I thought would be an upgrade candidate and a profitable flip. I bought it with the oval sticker residue on the slab and removed it before I sold it, but did check to see if the sticker that was there was indeed a CAC. It was in their DB as having received a green one, which is probably why it was removed. That was disappointing, but I listed it on eBay with the previous green bean disclosed in the listing. Fortunately, I recouped my costs...

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • MFeldMFeld Posts: 11,736 ✭✭✭✭✭

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    Not confusing. It’s usually a lot easier to remove a sticker you don’t like than to find a coin that you do like.

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

  • oldabeintxoldabeintx Posts: 1,564 ✭✭✭✭✭

    @MFeld said:

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    Not confusing. It’s usually a lot easier to remove a sticker you don’t like than to find a coin that you do like.

    My money is on a common coin/slab as the host, I'm in the "macho man" camp. The fact the he (had to be a guy) messed up the slab convinces me. The Treasure of the Sierra Madre it's not.

  • Manifest_DestinyManifest_Destiny Posts: 3,046 ✭✭✭✭✭

    @spacehayduke said:

    @Manifest_Destiny said:
    I either submit raw, or get existing certs reholdered. I have a handful that were CAC but have no plans to get them rebeaned. I couldn't care less about CAC beans. You could still run the cert though and find out.

    Hmm........ Let's say for some reason in the future you have to sell. Let's say you walk up to a dealer table to sell, you claim your coins are CAC. Dealer says 'where are the stickers?' You say 'check the CAC coin look-up'. Dealer does and says 'hmm, that is strange'. You explain. Dealer says 'without stickers, I can only offer you 10% back of bid, maybe there is a glitch in the CAC system right now'...............

    Hmm............................

    I'm not concerned about all that. I used to have my seated quarter collection in a Dansco. I only started getting them certified (and now upgrading) to make it easier for my kids to sell when the time comes. They can get them rebeaned if they want.

  • @MFeld said:
    There are rare occasions in which sellers feel that a green CAC sticker can lower, rather than increase the value of a coin. If the coin appears to be obviously under-graded and perhaps worthy of a gold CAC sticker, a green sticker can be perceived as a negative. Of course, in such a situation, if the seller's going to remove the sticker, he should do a good job of it. ;)

    @jmlanzaf said:

    @MFeld said:
    There are rare occasions in which sellers feel that a green CAC sticker can lower, rather than increase the value of a coin. If the coin appears to be obviously under-graded and perhaps worthy of a gold CAC sticker, a green sticker can be perceived as a negative. Of course, in such a situation, if the seller's going to remove the sticker, he should do a good job of it. ;)

    Perhaps it's time to go into the sticker removal business.

    I have found that any sticker that does not self-distruct can be easily removed without leaving a trace.

  • ToreyTorey Posts: 116 ✭✭✭

    Perhaps it was a different company. I have seen "Littleton Select" stickers in the same oval shape. Would make sense why it was scratched off, probably should have finished the job though.

  • Cougar1978Cougar1978 Posts: 7,466 ✭✭✭✭✭
    edited February 4, 2024 6:18PM

    Perhaps the dealer picked it up from all or nothing deal on lot or collection. Without the sticker good luck getting anything extra. Maybe they can look it up but so what.

    If it’s some big ticket coin w huge CAC premium - you get good discount then get it reholdered, submit to CAC they would sticker it?

    So Cali Area - Coins & Currency
  • GotTheBugGotTheBug Posts: 1,519 ✭✭✭✭✭

    @PerryHall said:
    Did you ask the coin dealer why the CAC sticker was scraped off?

    No. It wasn't anything that I was interested in.

  • GotTheBugGotTheBug Posts: 1,519 ✭✭✭✭✭

    @oldabeintx said:

    @MFeld said:

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    Not confusing. It’s usually a lot easier to remove a sticker you don’t like than to find a coin that you do like.

    My money is on a common coin/slab as the host, I'm in the "macho man" camp. The fact the he (had to be a guy) messed up the slab convinces me. The Treasure of the Sierra Madre it's not.

    The fact that I can't even remember what coin it was lends credence to your theory.

  • GotTheBugGotTheBug Posts: 1,519 ✭✭✭✭✭

    @Torey said:
    Perhaps it was a different company. I have seen "Littleton Select" stickers in the same oval shape. Would make sense why it was scratched off, probably should have finished the job though.

    I've never seen a Littleton select sticker. Are they green like CAC?

  • ToreyTorey Posts: 116 ✭✭✭

    @GotTheBug said:

    @Torey said:
    Perhaps it was a different company. I have seen "Littleton Select" stickers in the same oval shape. Would make sense why it was scratched off, probably should have finished the job though.

    I've never seen a Littleton select sticker. Are they green like CAC?

    Something like this

  • scubafuelscubafuel Posts: 1,716 ✭✭✭✭✭

    I took the stickers off my OGH dollar set. It looks cleaner without them. When I go to sell them I’ll have them put back on I guess.

  • UncleJoeUncleJoe Posts: 2,518 ✭✭✭

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    So, buy the holder, not the coin? :o

    Joe.

  • oldabeintxoldabeintx Posts: 1,564 ✭✭✭✭✭

    @UncleJoe said:

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    So, buy the holder, not the coin? :o

    Joe.

    If common coin, the condition of the holder comes into play.

  • joebb21joebb21 Posts: 4,731 ✭✭✭✭✭

    Could have been another sticker- not cac.

    may the fonz be with you...always...
  • PerryHallPerryHall Posts: 45,203 ✭✭✭✭✭

    @joebb21 said:
    Could have been another sticker- not cac.

    It's easy enough to check the slab serial number against the CAC data base on their web site.

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

  • JWPJWP Posts: 16,531 ✭✭✭✭✭

    @oldabeintx said:

    @UncleJoe said:

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    So, buy the holder, not the coin? :o

    Joe.

    If common coin, the condition of the holder comes into play.

    For everyone that loves the holder and not the sticker, I've got some great generic holders (eBay wonders) w/o sticker residue, and you can have them just for s/h. Call me at BR549.

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  • tommy44tommy44 Posts: 2,185 ✭✭✭✭✭

    @pocketpiececommems said:
    Those stickers that are on bananas are hard to get off sometimes too🙈

    That's a myth, check out my collection.....

    it's crackers to slip a rozzer the dropsy in snide

  • Manifest_DestinyManifest_Destiny Posts: 3,046 ✭✭✭✭✭

    @JWP said:

    @oldabeintx said:

    @UncleJoe said:

    @JWP said:
    Confusing. If you don't like the green bean - don't buy a coin that has one.

    So, buy the holder, not the coin? :o

    Joe.

    If common coin, the condition of the holder comes into play.

    For everyone that loves the holder and not the sticker, I've got some great generic holders (eBay wonders) w/o sticker residue, and you can have them just for s/h. Call me at BR549.

    The yellow shirt is a nice touch to hide the mustard stains.

  • FrankHFrankH Posts: 759 ✭✭✭✭✭

    Gift from a forum member.

    Tropical if not topical. :D

  • JWPJWP Posts: 16,531 ✭✭✭✭✭

    I just got this set back from CACG today. Note: The green oval CAC is a logo printed on the label.




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