Question for dealers selling PCGS/CAC coins

UtahCoin

What prompts this question is that I have an opportunity to purchase some generic PCGS/CAC coins.

Generic coins in the $50-$100 range, mostly Franklins, pre 1964 dimes and quarters, Lincolns 1909-1940's. Nothing special at all. But they are PCGS graded with CAC green beans. Does the green bean add any value to this type of coin Percentage wise?

roadrunner

Most people will probably tell you they don't add any value for some common generics. But, I would say +3 to +5% is a pretty minimal premium to ensure you don't get a dog. Would I pay $3 to $5 more for an 1881-s CAC MS64 Morgan dollar vs. one that was unstickered?.....probably. You know darn well that the dealers are going to try and get a premium for those coins....even if they didn't pay it on the buy side. I'd be much less excited if the coins are non-silver dollars graded MS64 or less. Common date MS64 Mercs, Franklins, Walkers, Lincolns aren't all that exciting....stickered or not. In grades of 65/66 the stickers mean a bit more imo.

kalch23

Considering it cost $12.50 a coin I think just to try and get the green bean… why would dealers even try to sticker these if they didn't think it would get them more than $3-$5?

CoinJunkie

<< <i>Considering it cost $12.50 a coin I think just to try and get the green bean… why would dealers even try to sticker these if they didn't think it would get them more than $3-$5? >>


Probably going for a gold sticker, upon which the coin often gets priced at 3x the next higher grade.

MGLICKER

Figure that each coin in the price range that you describe will bring an extra $10 with the green sticker.

TomB

I would figure nothing extra for typical examples of such coins.

Walkerfan

Dealers will try yo get more but I wouldn't pay more than 5-10% for such a coin---maybe not even that much. Depends how much I liked it.

BryceM

The ones with the green stickers will sell first. For coins in that price range though it won't make much difference in sale price.

UtahCoin

It sounds like my offer price can be a buck or two more than normal, and maybe get a few bucks more on the retail.
Thanks

AMRC

Not all CAC coins are worth more (more on that later). But as a general rule they are nicer, and therefore give you some opportunity to charge more for the same coin. In this case, I would not hesitate with a 5-10% premium. I try and stock as many CAC coins as I can. Not because I can charge more (because I have to pay more for them as well). But because, they just happen to look nicer most of the time, and I feel good about selling them.

Later: Because a coin has a CAC sticker does not mean it is prettier, and in those rare cases, it may not trade at a premium.

I WILL say that I am constantly amazed at the number of people who say CAC does not matter to them or otherwise poo-poo the concept, and then try very hard to buy them when they see it up against another coin in the same grade with the CAC sticker, and believe the sticker has nothing to do with it.

I am sure some people are going to mis-read this, but if you ever get the chance to set aside 10 coins in a series with a CAC stickers, and 10 coins in the same series that did not sticker, you will, a MAJORITY of the time, see a difference in eye appeal. And so by definition those coins should be worth more.

DeepCoin

If nothing else, it increases the liquidity of the coin at a later date. Not a small thing for a generic coin.

291fifth

<< <i>I would figure nothing extra for typical examples of such coins. >>



I agree. It sounds like they are just a bunch of very common coins that someone should never have bothered getting slabbed or stickered. There is no reason why you should help pay for their mistake.

roadrunner

<< <i>Considering it cost $12.50 a coin I think just to try and get the green bean… why would dealers even try to sticker these if they didn't think it would get them more than $3-$5? >>



The more the coins are flipped back and forth between dealers/speculators the less that initial CAC fee probably means. It might have been worth it for the first guy to pony up the stickering fees. Those that follow might get a free ride if the reason for stickering them in the first place didn't pan out. Dealers pay slab fees all the time on inexpensive coins that don't work out in the end. We can only guess why they did it in the first place.

Shortgapbob

Sometimes, if you have a nice, fresh group of coins that may have came from one place, you just send the group intact. Maybe a few coins don't quite make sense economically to try for the sticker, but I believe there is often value in keeping continuity in a "fresh" package of coins.

puffer

In many cases GS bid is what CAC and Coinplex are listing as their bids. Liquidity is their advantage.

Timbuk3

Dealers who are selling think so !!!

VanHalen

<< <i>What prompts this question is that I have an opportunity to purchase some generic PCGS/CAC coins.

Generic coins in the $50-$100 range, mostly Franklins, pre 1964 dimes and quarters, Lincolns 1909-1940's. Nothing special at all. But they are PCGS graded with CAC green beans. Does the green bean add any value to this type of coin Percentage wise? >>



Many of those $75ish coins are selling at a discount these days, even in PCGS plastic. The Green Sticker gives you a better shot at selling them near retail IMHO.

Type2

I see it this way if you pay for that sticker you will not get some one els to pay for it. All the $$$ are pulled out of that coin, I look at things a bit like this if you payed extra for it that is on you not me. I will not pay for it there are to many other coins out there raw or with out it in holders that you can get for less and more will want to try to get it them selves. That's the way I look at it No more to suck out of a coin after that i'll pass at that price......

leothelyon

Makes me wonder why the seller doesn't pitch the coins himself.........being there's extra to be made. If you have a website and can avoid the ebay fees, it might be a deal. Common dates you say? hmmm