Why would you buy a coin that did not CAC?

johnny010

@ProofCollection said:

@winesteven said:

@ProofCollection said:
Now that the question is different, there's a new answer. So likewise I have also sent most of my Morgan collection to CAC and received feedback and learned tons and now I feel I have a good CAC eye. A few coins have been denied CAC for some very minor reason such as small abrasions in non-prime locations. So if the choice is a CAC stickered coin for $1200 or a CAC-denied coin with a minor abrasion but otherwise solid for $1000, I would have no problem buying the non-CAC coin and saving the money. Just like some will be happy with a $500 discount when buying a new car because it already has a scratch on the bumper. I'd never pay full price for a new car with a scratch, but discount it appropriately and there's no reason not to buy it unless it would really bug you that much. I expect most of us feel this way.

So a coin would be solid for the grade other than for the (minor) abrasion(s) in a non-prime area?

That reminds me of the reporter who interviewed First Lady Mrs. Lincoln at Ford’s Theater. He asked, “So, other than the assassination, how was the play?”

For me, in your example, my choice is to pay the $1,200 for the problem-free coin that is solid for the grade, rather than saving $200 for a coin that is not solid for the grade due to problem(s).

I fully agree there is no right and wrong here, just personal preferences. Collectors SHOULD collect what they want!

Steve

Sorry I should have been clearer, in my example both coins are solid for the grade. Prior post updated.

If the coin did not CAC it’s not solid for the grade unless you pick and choose what’s already been accepted by the markets.

ProofCollection

@johnny010 said:

@ProofCollection said:

@winesteven said:

@ProofCollection said:
Now that the question is different, there's a new answer. So likewise I have also sent most of my Morgan collection to CAC and received feedback and learned tons and now I feel I have a good CAC eye. A few coins have been denied CAC for some very minor reason such as small abrasions in non-prime locations. So if the choice is a CAC stickered coin for $1200 or a CAC-denied coin with a minor abrasion but otherwise solid for $1000, I would have no problem buying the non-CAC coin and saving the money. Just like some will be happy with a $500 discount when buying a new car because it already has a scratch on the bumper. I'd never pay full price for a new car with a scratch, but discount it appropriately and there's no reason not to buy it unless it would really bug you that much. I expect most of us feel this way.

So a coin would be solid for the grade other than for the (minor) abrasion(s) in a non-prime area?

That reminds me of the reporter who interviewed First Lady Mrs. Lincoln at Ford’s Theater. He asked, “So, other than the assassination, how was the play?”

For me, in your example, my choice is to pay the $1,200 for the problem-free coin that is solid for the grade, rather than saving $200 for a coin that is not solid for the grade due to problem(s).

I fully agree there is no right and wrong here, just personal preferences. Collectors SHOULD collect what they want!

Steve

Sorry I should have been clearer, in my example both coins are solid for the grade. Prior post updated.

If the coin did not CAC it’s not solid for the grade unless you pick and choose what’s already been accepted by the markets.

Not true at all. For example, an abrasion doesn't make a coin "not solid for the grade." Neither does removable PVC. For example, this Peace was denied CAC for an abrasion on the reverse. Why can't it be solid for its grade and have an abrasion?

winesteven

@ProofCollection said:

@winesteven said:

@ProofCollection said:
Now that the question is different, there's a new answer. So likewise I have also sent most of my Morgan collection to CAC and received feedback and learned tons and now I feel I have a good CAC eye. A few coins have been denied CAC for some very minor reason such as small abrasions in non-prime locations. So if the choice is a CAC stickered coin for $1200 or a CAC-denied coin with a minor abrasion but otherwise solid for $1000, I would have no problem buying the non-CAC coin and saving the money. Just like some will be happy with a $500 discount when buying a new car because it already has a scratch on the bumper. I'd never pay full price for a new car with a scratch, but discount it appropriately and there's no reason not to buy it unless it would really bug you that much. I expect most of us feel this way.

So a coin would be solid for the grade other than for the (minor) abrasion(s) in a non-prime area?

That reminds me of the reporter who interviewed First Lady Mrs. Lincoln at Ford’s Theater. He asked, “So, other than the assassination, how was the play?”

For me, in your example, my choice is to pay the $1,200 for the problem-free coin that is solid for the grade, rather than saving $200 for a coin that is not solid for the grade due to problem(s).

I fully agree there is no right and wrong here, just personal preferences. Collectors SHOULD collect what they want!

Steve

Sorry I should have been clearer, in my example both coins are solid for the grade. Prior post updated.

I believe I understand your point, but my reply is the same. Due to the small/minor abrasion(s), even though they are in a non-prime location, they actually keep it from being solid for THAT grade, and that’s the reason it failed CAC in your example! In their opinion, due to the abrasions, it’s not solid for that grade!

Steve