Will it CAC? 1901 MS60 Eagle in Rattler
VanHalen
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No poll, just comment if you wish. This is a new arrival from eBay. The Rattler is absolutely pristine. Looks like its never been mishandled. The pics give and accurate representation of the coin, the luster is subdued and there are numerous small contact marks but MS60 almost looked like a misprint to me. If it's truly uncirc then it's a very conservative grade. Thanks in advance. I'll link the completed eBay listing here: ebay.com/itm/125405986635
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Comments
Neat coin yet I am going with no as the blotchiness below the wing is troublesome. I know it is only an MS60 to begin with but I think CAC won't like it.
The good news? I am getting these, "will it CAC?" threads consistently wrong so you got that going for you.
peacockcoins
yes!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Nice looking coin in a cool old holder. That said, it's worth melt or a very small premium over melt so it isn't worth the cost and trouble to send it to CAC.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think so. That is such a super hard grade to evaluate.
MS60 coins can be worth submitting if the coin has a reasonable shot at a gold sticker.
Nothing is as expensive as free money.
Below the r in america, it looks like it got filled?
Agree, would be looking for a gold sticker. I think it could easily grade 62 today if cracked out & resubmitted. That doesn't mean it'll get a gold sticker but it is a very nice coin for a 60.
PerryHall is correct. Really doesn't have much value over melt unless you get to 64. A gold sticker would likely add several hundred dollars to the value, whether it makes any sense or not. :-)
It's worth the try; if the light stain is not considered an "issue" then it should bean.
I think there’s a good chance that the blotchiness is putty. And there are some areas on the obverse about which I’d say the same. See the bottom obverse picture.
Even if I’m mistaken, I don’t think the coin would sticker.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I was just going to suggest putty. But it was the area behind Lib's head that I thought was odd.
jom
I was attempting to be a bit nicer as I truly sense the OP, who is a good guy, believes in his coin, but yes- I think that is an issue that CAC will address when a sticker is denied.
peacockcoins
I see three viable options:
1. Keep it as is.
2. Sell it and buy something else
3. Crack it out, remove the putty with acetone or coin dip, resubmit it, possibly get a grade bump or a details grade.
As far as sending this coin to CAC, don't bother.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I would not send it to CAC as it really does not seem economical in view of the risk reward factors.
The one aspect in all of this that is not in dispute is the timetable associated with the grading and encapsulation.
Putty seems to be a plausible and even probable explanation for the look.
So my question is if it were putty, would the long term consequences have created a darker residue and 37-38 years later would look worse?
I dunno… which leads me to my second question… could PVC be the issue?
Experience the World through Numismatics...it's more than you can imagine.
I think the coin is strong for a 60 but also think a “no” from CAC. But, I’m 50/50 at best with them, so there’s that.
“The thrill of the hunt never gets old”
PCGS Registry: Screaming Eagles
Copperindian
Retired sets: Soaring Eagles
Copperindian
Nickelodeon
Agree with the putty and surface problem comments. Good thing you have a return privilege. Use it.
It was purchased for slightly over the melt value of the gold in it. Even if it is a problem coin a half ounce of gold in a pristine old Rattler is still worth what I paid for it.
No CAC on it. I would liquidate it then put that money somewhere else. Perhaps Shop it around the bourse at a show. For RCI I advise my clients to invest in MS64 or higher.
LOL I agree with Braddick on all points. I think it has wax or some foreign material on the reverse, at least from the pics. Looks like a crackout and acetone bath would likely fix it, and garner a higher grade, but then you lose the old rattler. Decisions, decisions.
You guys are good. My initial reaction was yes, of course it will CAC; however, upon viewing the comments, I tend to agree with the consensus, and I, for one, am below 50% on my CAC opinions.
Tom
I want thank everyone who commented here. I agree there is a thin film of something (putty, pvc, etc?) in some of the fields. I can see it and it does subdue the luster so I suspect PCGS may have seen something in the late 1980's when it graded MS60.
A green sticker (if it stickered) would add little value and there's a strong chance it wouldn't sticker at all. I was hoping it might gold sticker when I posted this thread and now see that as very unlikely so it's not worth submitting. I'll part with a couple more images in direct sunlight. You can see one of few holder scratches on the obverse. Still happy with it as a bullion coin in cool 1980's rattler. Thanks again!
