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Anyone buying MACge self-stickered inventory?

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  • ModCrewmanModCrewman Posts: 4,039 ✭✭✭✭✭
    I'll add a little fuel to the fire...why not right? (I'll also add, likely open myself to the ridicule of the board.)

    At the Central States show in April while I was working the floor, I came across their booth having never heard of the company before. I asked to look at a coin in their case, and after asking what they wanted for it, I broke my usual show etiquette of simply saying, "I think I'll pass, thanks." and moving on and let slip something to the effect of "Are you serious?" or "Are you out of your mind?" as to the price they were asking. They then went into a discussion of that's a MAC coin and explained to me what they were doing as a company. Although I'd never heard of them, I listened to their pitch, and decided to show him a few of the coins I had with me including this pair of monster DCAM's, both graded PCGS PR68 DCAM:

    image

    image

    He commented that both of these coins would qualify for their UHCAM (Ultra Heavy Cameo) sticker, and they asked me if they were for sale and essentially told me to name my price for them. These two coins have PCGS guide prices of $190 and $85 respectively. Whether they were blowing smoke or not, I truly believe that I could have told them $800-$1,000 for the pair and they'd have paid me that price. (I'm not sure who is the greater fool, them for being willing to pay that much, or me for not taking them up on it.) But since these two coins are a few of my personal favorites, having made them both myself I did not sell. They told me that I'd get top dollar for them if I offered those two coins back to them if I ever changed my mind.

    I ended up buying into the sales pitch, and left them with about $75 for stickering these 2 coins and a few others I had with me, stickers were applied on the spot.

    I had never heard of the company before that moment and walked away thinking if it does turn out to be the next best thing, I've got them, if not...then it's only $75 and the stickers can come off. After I returned home I did some research on the company and the parties involved, and also about the other modern coin stickering firm that James Sego runs and wished I'd have gone the QA route...and to this point haven't shared my experience with the board.

    My bottom line I guess is, I sincerely feel I could have gotten these moon money prices FROM THEM for my coins, in my instance at least they certainly seemed willing to put their money where their mouth was. This obviously speaks nothing to how their stickered coins are valued by the market as a whole, but it seemed to me that at least one person was willing to pay a ridiculous premium for their stickers.
  • MACGE1MACGE1 Posts: 269 ✭✭✭


    << <i>I'll add a little fuel to the fire...why not right? (I'll also add, likely open myself to the ridicule of the board.)

    At the Central States show in April while I was working the floor, I came across their booth having never heard of the company before. I asked to look at a coin in their case, and after asking what they wanted for it, I broke my usual show etiquette of simply saying, "I think I'll pass, thanks." and moving on and let slip something to the effect of "Are you serious?" or "Are you out of your mind?" as to the price they were asking. They then went into a discussion of that's a MAC coin and explained to me what they were doing as a company. Although I'd never heard of them, I listened to their pitch, and decided to show him a few of the coins I had with me including this pair of monster DCAM's, both graded PCGS PR68 DCAM:

    image

    image

    He commented that both of these coins would qualify for their UHCAM (Ultra Heavy Cameo) sticker, and they asked me if they were for sale and essentially told me to name my price for them. These two coins have PCGS guide prices of $190 and $85 respectively. Whether they were blowing smoke or not, I truly believe that I could have told them $800-$1,000 for the pair and they'd have paid me that price. (I'm not sure who is the greater fool, them for being willing to pay that much, or me for not taking them up on it.) But since these two coins are a few of my personal favorites, having made them both myself I did not sell. They told me that I'd get top dollar for them if I offered those two coins back to them if I ever changed my mind.

    I ended up buying into the sales pitch, and left them with about $75 for stickering these 2 coins and a few others I had with me, stickers were applied on the spot.

    I had never heard of the company before that moment and walked away thinking if it does turn out to be the next best thing, I've got them, if not...then it's only $75 and the stickers can come off. After I returned home I did some research on the company and the parties involved, and also about the other modern coin stickering firm that James Sego runs and wished I'd have gone the QA route...and to this point haven't shared my experience with the board.

    My bottom line I guess is, I sincerely feel I could have gotten these moon money prices FROM THEM for my coins, in my instance at least they certainly seemed willing to put their money where their mouth was. This obviously speaks nothing to how their stickered coins are valued by the market as a whole, but it seemed to me that at least one person was willing to pay a ridiculous premium for their stickers. >>



    Firstly I'd like to say that these 2 coins have the most monster deep cameo that I've ever seen for these years, which is why we stickered them.
    To anyone who is familiar with the series this kind of cameo is extremely rare, which is why I was willing to pay anything that was asked for them. I would've gladly paid $1,000 for the pair, and if you change your mind the offer is still good. Although since one of these coins is your avatar I don't think that you'll sell them, either way congrats on making 2 fantastic coins.


  • ashelandasheland Posts: 23,257 ✭✭✭✭✭


    << <i>

    << <i>FWIW this has been one of the best popcorn threads! imageimage >>



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  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭
    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭
    This question is directed to macge1

    Would you sticker a 1913 type one matte proof buffalo nickel with the FSTL sticker?
    If you will do business strikes it would seem only logical that you should do the proofs if so requested by a customer.

    Just thought of this as I cherrypicked a 13 type one matte proof earlier this year and as it stands now, a business strike with a full tail could get the FSTL sticker while a proof could not.
    Does not make any sense to me.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • MCAge just shows that anyone can buy some stickers and place them on coin holders. There's a lot of lost credibility when the person placing the stickers is also the person selling the coin. No third party objectivity. It's like someone buying generic holders, making up their own labels and trying to hoodwink Ebay buyers with graded coins.
    I love the 3 P's: PB&J, PBR and PCGS.
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭
    In the Sept issue of Coin World (page 22) MAC had a one half page ad which had a few grammatical errors such as
    1) change EXCEEDING to EXCEEDED on line 1
    2) change COMPLETELY TO COMPLETED on line 6
    Those 2 changes would have cleaned up the bad grammAr which is one thing but then there is a statement that puzzles me

    and that is

    "We have patented and copyrighted POP PRICING we own the rights to any POP and PRICES together and we will defend those rights."

    Sounds pretty aggressive to me. What is this supposed to mean? Someone would think of stealing the their MACGE pricing info?

    I think CACI people must be slamming their foreheads saying to themselves "why did we not think of doing what MAC is attempting to do"
    It would have been a logical extension of what they are doing now and would have been easy to do since they were already set up, accepted by the industry and in business.

    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • CocoinutCocoinut Posts: 2,512 ✭✭✭✭✭


    << <i>Those 2 changes would have cleaned up the bad grammer >>



    "grammer"? Try "grammar" instead.
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    I believe we have seen the mACGe movie before.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭


    << <i>>>>" I think all these terms are, to one degree or another just plain and simple hype."

    This. Just another marketing scheme. <<<

    + 1

    All of these stickers are just opinions of opinions..........come on people.....I for one can tell a nice coin when I see one.

    I just hope collectors don't fall for this hype! >>



    That's just it. If a collector ventures into a series as far as, say......4+ or 3+ step Jeffersons, why would they pay someone to tell them or a like collector what they already know? Collector of such coins already have and must possess that certain knowledge before they will buy or sell. But it's been proven, there are gullible people who have bought into designations and labels blind before they fully understand what they're buying. Like everything else, decent photos are a must for me before I would buy, I don't like the hassle with returning coins or shipping them for that matter. Anyone venturing into the sale of 4+, 3+ Jefferson nickels best be providing detailed images of a sharply struck coin and the steps. Otherwise, hardly no-one likes the hassles of returning coins. Fool me once, yeah ok, jokes on me.........fool me twice, shame on you which I would never let happen in this day. Been there, done that long ago. Collectors of this caliber can not be fooled into buying such coins with just labels attached to them. One must be able to show the goods to get legitimate sales.


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭


    << <i>This question is directed to macge1

    Would you sticker a 1913 type one matte proof buffalo nickel with the FSTL sticker?
    If you will do business strikes it would seem only logical that you should do the proofs if so requested by a customer.

    Just thought of this as I cherrypicked a 13 type one matte proof earlier this year and as it stands now, a business strike with a full tail could get the FSTL sticker while a proof could not.
    Does not make any sense to me. >>



    It ought to apply since a small percentage of even the matte proofs in this series won't show full detailing. For the 1937 Brilliant Proof issue about 2/3 WON'T show complete detailing above the braid ribbon.

    I certainly hope no one is paying other than a modest premium for even a 95% full strike but I'll bet there are those that are.
  • BUFFNIXXBUFFNIXX Posts: 2,718 ✭✭✭✭✭
    I just got a half dozen 1938-d ms65 and ms66 buffalo nickels to sell for my brother that are in original pcgs "rattlers" all really nice and seemingly undergraded. If they have a full split tail I plan to put a small white stickie on the slab saying "full split tail". Am I violating Mr. hager's copyright by so doing? I wonder? Would I receive contact from a Mac lawyer if I did this?

    I would not use there term for ful split tail - FSTL - but would just spell out FULL SPLIT TAIL.
    Collector of Buffalo Nickels and other 20th century United States Coinage
    a.k.a "The BUFFINATOR"
  • david3142david3142 Posts: 3,551 ✭✭✭✭✭
    If one is going to designate full strike buffaloes, and presumably demand a premium for them, then FSTL is clearly not the way to go. First of all, the simple "Full Strike" designation can be applied to all types, and one could simply list what is necessary to qualify. From a business standpoint this makes much more sense. And specific to buffaloes, focusing on the tail as a design element is misguided. I collect buffaloes, and the tail is of minor importance to me. I look first at the Indian's braid and second at the fur over the shoulder of the buffalo and the detail in the hair and horn.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    There are other reverse design elements that are much more difficult to find fully detailed than the brush of the tail. FST or whatever is just another simplistic and ultimately meaningless term (hype, that is) to separate those from their money.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    I also think a simple "Full Strike"-FS designation, expressed as a percentage such as 97%FS would be the best way to go. That would really mean something, and not only for Buffs but for everything. Too much work, tho.
  • MACGE1MACGE1 Posts: 269 ✭✭✭
    To all those who are suggesting that we utilize a simple FS designation across the board for all coins, here's why we're not going that route:

    Originally that's what we were considering doing since that is the simplest designation which comes to mind first, however we decided instead to use the CRITERIA for a FS sticker as to make it easier for the submitter to know what to look for before sending in coins and racking up a big pointless grading bill.
  • koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭


    << <i>To all those who are suggesting that we utilize a simple FS designation across the board for all coins, here's why we're not going that route:

    Originally that's what we were considering doing since that is the simplest designation which comes to mind first, however we decided instead to use the CRITERIA for a FS sticker as to make it easier for the submitter to know what to look for before sending in coins and racking up a big pointless grading bill. >>



    Yep-like I said-too much work.

    So are we to assume that if the coin has a split tail all the other details will be sharp and complete?

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