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Gold Cac Sticker Dilemma

GoldCoin98GoldCoin98 Posts: 403 ✭✭
in U.S. Coin Forum
So I found this mercury dime on eBay in a rattler with a gold bean on it (link below). Its a 1940 Mercury Dime in an MS66 FB holder. The thing is, its worth about $150 in MS67 FB but almost $2k in MS68 FB. It looks very close to MS68 FB to me, although I'm not really a mercury dime guy. The bid is already past $200 (and no doubt it will go higher as there are still 3 days left in the auction) so the risk is if I crack it out, submit it and it comes back MS67 FB I'll lose money. I'm curious as to what you guys think, is it worth the gamble?


Link: http://www.ebay.com/itm/381019408496?_trksid=p2055119.m1438.l2648&ssPageName=STRK:MEBIDX:IT


Dozens of BST deals completed, including: kalshacon, cucamongacoin, blu62vette, natetrook, JGNumismatics, Coinshowman, DollarAfterDollar, timbuk3, jimdimmick & many more

Comments

  • BroweBrowe Posts: 236 ✭✭✭
    Personally I would avoid it at that price point. LOT 28147 The heritage photos I feel the coin fairly well. The reverse has a few hits that are well hidden in the ebay listing. The strike is good, not great. And the luster is impossible to tell through photos. I think this coin on a good day will hit 67 mark, but it's not worth the gamble at the current price imo.
    The Burbank Collection
  • BillJonesBillJones Posts: 34,559 ✭✭✭✭✭
    I would not even consider this item beyond the $200 level UNLESS I could see it IN PERSON, and I came to the conclusion that it is truly superior after I had seen it. The sticker says the coin is under graded in the holder. That does not say that it is under graded by 2 points which is what you would need to make this purchase a winner.

    I have seen people go crazy over a gold sticker and pay more than the coin would bright if it were to be graded at the higher level. That makes not sense to me.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • BroweBrowe Posts: 236 ✭✭✭
    I'll follow up and say that sometimes people get swept up with the idea of a good deal versus actually looking at the coin objectively.
    The Burbank Collection
  • OPAOPA Posts: 17,136 ✭✭✭✭✭
    The seller specializes in toned coins & if he thought it would upgrade to a 68, he would have done so. (Perhaps he already tried & failed). I would not touch this coin with a ten foot pole at the current price.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PQueuePQueue Posts: 901 ✭✭✭
    Do you really believe you can tell the difference between an MS68 and MS67 by looking at a photograph (even if you were a mercury dime guy)?
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>I'll follow up and say that sometimes people get swept up with the idea of a good deal versus actually looking at the coin objectively. >>



    i sure recall getting ahead of myself on perhaps maybe just 1 occasion. umm, ok, maybe it was 2 or umm.....
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    I'm seeing more streaks then rainbows... If you want to take a risk skip this and spend a buck on a lottery scratch off.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,463 ✭✭✭✭✭
    No dilemma
    No risk
    No reward

    No fun.


    See ? I'm happy.
  • 291fifth291fifth Posts: 24,522 ✭✭✭✭✭
    Pass. Why risk good money on something like a 1940 dime?
    All glory is fleeting.
  • GoldCoin98GoldCoin98 Posts: 403 ✭✭
    Seems like we have a consensus haha. I was leaning toward avoiding it, it was tempting...I agree though, best to stay away. Some great input and knowledge here, thanks for the replies so far!


    Dozens of BST deals completed, including: kalshacon, cucamongacoin, blu62vette, natetrook, JGNumismatics, Coinshowman, DollarAfterDollar, timbuk3, jimdimmick & many more
  • Bankerbob56Bankerbob56 Posts: 1,397 ✭✭✭


    << <i>Do you really believe you can tell the difference between an MS68 and MS67 by looking at a photograph (even if you were a mercury dime guy)? >>




    +1000
    What we've got here is failure to communicate.....

    Successful BST xactions w/PCcoins, Drunner, Manofcoins, Rampage, docg, Poppee, RobKool, and MichealDixon.
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  • BillJonesBillJones Posts: 34,559 ✭✭✭✭✭


    << <i>the cac sticker is not giving you anything but a one point guarantee. >>



    Come on guys! The CAC sticker is not giving you a guarantee of an upgrade. All it says is that in the opinion of the CAC company the piece deserves an upgrade.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PQueuePQueue Posts: 901 ✭✭✭
    The gold by definition means it is undergraded by at least one point.
    Incorrect Realone.
    Gold Stickers do NOT mean the coin is undergraded in PCGS' or NGC's opinion. There is no "one point guarantee".
    Gold Stickers mean JA will buy them for higher than the grade on the TPG label. Ditto for many collectors.
    In my view, the approach with the highest probability of maximizing return on CAC Gold stickers, is to sell them intact with the Gold sticker, not through the resubmission process.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    The coin sold for $79 last year. Clearly, there weren't 2 bidders who felt the coin was a 68 shot. The mottled toning and streaks are eye appeal neutral to slightly negative. The luster doesn't look all that bold. I seriously doubt this is a 68 candidate.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    I have numerous gold sticker CAC coins, both "made" and purchased with the sticker.

    Many are in OGHs, and I would never dream of cracking them out. The coins are most valuable, desirable, and liquid in their current environs.

    YMMV
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • UnknownUnknown
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  • nutz4coinznutz4coinz Posts: 902
    Would it be rude of me to ask how long the OP has been collecting? Thinking a coin will upgrade TWO points, and mentioning the word 'worth', this kind of 'almost certainty' seems to always come from newbs who think they have more knowledge than they do. Thoughts of selling this Merc for a couple grand is floating in the OP's head, guaranteed. If the OP is thinking MS68 for this coin, well, you better work on your grading skills! Coins don't normally upgrade TWO full points, bean or not.

    I DO hope the OP understands being an 'aspiring dealer' is going to take WAY more work than simply asking and being told what to do. It's a lot harder than that.

    Cutting to the chase....if the OP thinks that coin can MS68 FB, the OP needs to do ALOT more homework before trying to get into the 'game' as a dealer. If not, it will be a mighty quick entrance and exit from the hobby. I'm NOT trying to be rude, I understand the OP is asking for help, but if we wind up telling him/her what to do, he won't learn a thing...and he/she will just continue to ask. Being told what to do more than once, he/she won't learn a thing.

    Why THIS particular coin? A common date Merc???? Hoping for a TWO point bump (better continue to work on your grading skills)??? Some things I'll never understand.

    How could anyone think a coin already graded, matters not if it's beaned, in an OGH (why do others think every OGH is undergraded?) would receive a 2 point bump (and possibly lose the bean)?????
  • nutz4coinznutz4coinz Posts: 902


    << <i>

    << <i>the cac sticker is not giving you anything but a one point guarantee. >>



    Come on guys! The CAC sticker is not giving you a guarantee of an upgrade. All it says is that in the opinion of the CAC company the piece deserves an upgrade. >>



    This.
  • mozinmozin Posts: 8,755 ✭✭✭


    << <i>

    << <i>I have numerous gold sticker CAC coins, both "made" and purchased with the sticker.

    Many are in OGHs, and I would never dream of cracking them out. The coins are most valuable, desirable, and liquid in their current environs.

    YMMV >>




    image >>

    Include me in this group.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>The coin sold for $79 last year. Clearly, there weren't 2 bidders who felt the coin was a 68 shot. The mottled toning and streaks are eye appeal neutral to slightly negative. The luster doesn't look all that bold. I seriously doubt this is a 68 candidate. >>

    The sellers minions will drive the price of this up beyond what could be deemed as reasonable or logical.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!

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