@Catbert said:
It's a pretty blazer for sure. I think the FH is justified. The left reverse field at first seems to be a die crack, but then there are grazes (?) that could be grade limiting for CAC. Something at this price level it would be good to know if it had been reviewed and to discover what the issue could be.
No CAC but also no David Hall CMQ sticker coming from the parent company? It might have gone for strong money bc crack out artists were gambling on an upgrade (?)…. 17’s are mostly well struck. I think the FH is not as strong/crisp etc. as I have seen on many of this year especially for a 67. That might have kept it from CAC/CMQ stickering or some other issue at 67. One has to ask why a Stack’s auction item at this level did not have a CMQ sticker. Caveat Emptor……………...
I fully agree with your last point. While some people may object about sending coins for CAC stickering before being auctioned due to the new higher CAC stickering fees, extra round-trip shipping costs, the risk of loss each way in shipping, and the delay for the auction company getting it ready for auction, those things really don’t apply when you submit coins to Stacks for auction. Just check the box, and get charged just a nominal fee. No extra round-trip shipping cost or risk of loss with round-trip shipping, as Stacks just has to “Walk it down the “Hall”, lol. No real delay either, since no round-trip shipping for a sticker is involved.
Since it’s so quick, easy, cheap, and risk-free, like you, I would think that every consignor of coins valued in the high three-figures and higher at Stacks would simply check the box. That’s why I agree with you, that right or wrong, a valuable coin for auction at Stacks without a CMQ sticker implies the coin failed CMQ!
I don't know. I don't see a lot of evidence that a CMQ is compelling enough or proven to add value even for coins of stature. Also you never know in some cases there might not be enough time to get it through CMQ before auction depending on when it was submitted. I don't think CMQ failure is a valid assumption here.
I agree about no apparent evidence to show “value added” of the CMQ, but that’s not the point! No doubt the lack of one on coins of value does make some think it may have failed the attempt to get a CMQ sticker. After all, I don’t believe for one minute that @Desert Moon Numismatics and I are the only two collectors that have this concern!
Yes, so of several thousand coins in an upcoming Stacks auction, those few coming in at the very end of the deadline MIGHT miss out if they requested a CMQ, my guess is that’s maybe 1% or so of the coins in an auction. You shouldn’t hang your hat stretching to make that point for the purpose of disagreeing!
What I DO KNOW for a fact, is that if I were consigning coins to a Stacks auction, even though I don’t believe having a CMQ on coins in one’s collection adds significant value, if any, I would absolutely have my coins run through CMQ before being listed! That’s because I don’t want any potential bidder on my coins wondering what @Desert Moon Numismatics or I wonder about! I don’t want to provide doubt that could keep a potential bidder from either bidding, or end up bidding less!
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
@Catbert said:
It's a pretty blazer for sure. I think the FH is justified. The left reverse field at first seems to be a die crack, but then there are grazes (?) that could be grade limiting for CAC. Something at this price level it would be good to know if it had been reviewed and to discover what the issue could be.
No CAC but also no David Hall CMQ sticker coming from the parent company? It might have gone for strong money bc crack out artists were gambling on an upgrade (?)…. 17’s are mostly well struck. I think the FH is not as strong/crisp etc. as I have seen on many of this year especially for a 67. That might have kept it from CAC/CMQ stickering or some other issue at 67. One has to ask why a Stack’s auction item at this level did not have a CMQ sticker. Caveat Emptor……………...
I fully agree with your last point. While some people may object about sending coins for CAC stickering before being auctioned due to the new higher CAC stickering fees, extra round-trip shipping costs, the risk of loss each way in shipping, and the delay for the auction company getting it ready for auction, those things really don’t apply when you submit coins to Stacks for auction. Just check the box, and get charged just a nominal fee. No extra round-trip shipping cost or risk of loss with round-trip shipping, as Stacks just has to “Walk it down the “Hall”, lol. No real delay either, since no round-trip shipping for a sticker is involved.
Since it’s so quick, easy, cheap, and risk-free, like you, I would think that every consignor of coins valued in the high three-figures and higher at Stacks would simply check the box. That’s why I agree with you, that right or wrong, a valuable coin for auction at Stacks without a CMQ sticker implies the coin failed CMQ!
I don't know. I don't see a lot of evidence that a CMQ is compelling enough or proven to add value even for coins of stature. Also you never know in some cases there might not be enough time to get it through CMQ before auction depending on when it was submitted. I don't think CMQ failure is a valid assumption here.
I agree about no apparent evidence to show “value added” of the CMQ, but that’s not the point! No doubt the lack of one on coins of value does make some think it may have failed the attempt to get a CMQ sticker. After all, I don’t believe for one minute that @Desert Moon Numismatics and I are the only two collectors that have this concern!
Yes, so of several thousand coins in an upcoming Stacks auction, those few coming in at the very end of the deadline MIGHT miss out if they requested a CMQ, my guess is that’s maybe 1% or so of the coins in an auction. You shouldn’t hang your hat stretching to make that point for the purpose of disagreeing!
What I DO KNOW for a fact, is that if I were consigning coins to a Stacks auction, even though I don’t believe having a CMQ on coins in one’s collection adds significant value, if any, I would absolutely have my coins run through CMQ before being listed! That’s because I don’t want any potential bidder on my coins wondering what @Desert Moon Numismatics or I wonder about! I don’t want to provide doubt that could keep a potential bidder from either bidding, or end up bidding less!
Steve
Steve - browse the whole auction catalog. How many are CMQ stickered? In the few auctions I've looked at I'm not seeing very many. Being that my experience that CMQ stickers are easier to get than CAC stickers, they should be prevalent if consignors are opting to CMQ-review their coins. I think the evidence is clear that most do not think it is worth it no matter how convenient it is. I don't think it's fair at all to draw any conclusions about CMQ pass/fail. Whereas I would definitely find it reasonable to assume that almost any 4 figure or higher coin appearing at major auction has been to CAC if it is CAC-eligible. I would agree with you on CMQ if there was more CMQ stickered material showing up in the auctions but there isn't.
Comments
I agree about no apparent evidence to show “value added” of the CMQ, but that’s not the point! No doubt the lack of one on coins of value does make some think it may have failed the attempt to get a CMQ sticker. After all, I don’t believe for one minute that @Desert Moon Numismatics and I are the only two collectors that have this concern!
Yes, so of several thousand coins in an upcoming Stacks auction, those few coming in at the very end of the deadline MIGHT miss out if they requested a CMQ, my guess is that’s maybe 1% or so of the coins in an auction. You shouldn’t hang your hat stretching to make that point for the purpose of disagreeing!
What I DO KNOW for a fact, is that if I were consigning coins to a Stacks auction, even though I don’t believe having a CMQ on coins in one’s collection adds significant value, if any, I would absolutely have my coins run through CMQ before being listed! That’s because I don’t want any potential bidder on my coins wondering what @Desert Moon Numismatics or I wonder about! I don’t want to provide doubt that could keep a potential bidder from either bidding, or end up bidding less!
Steve
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
Steve - browse the whole auction catalog. How many are CMQ stickered? In the few auctions I've looked at I'm not seeing very many. Being that my experience that CMQ stickers are easier to get than CAC stickers, they should be prevalent if consignors are opting to CMQ-review their coins. I think the evidence is clear that most do not think it is worth it no matter how convenient it is. I don't think it's fair at all to draw any conclusions about CMQ pass/fail. Whereas I would definitely find it reasonable to assume that almost any 4 figure or higher coin appearing at major auction has been to CAC if it is CAC-eligible. I would agree with you on CMQ if there was more CMQ stickered material showing up in the auctions but there isn't.