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58/62 slider question

GazesGazes Posts: 2,315 ✭✭✭✭✭
If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?

Comments

  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    "Cabinet Friction" (where coins packed together tightly in a box stored in manila envelopes) can give the impression of being circulated so you can see coins in 62 holders that appear to have wear.

    A green CAC sticker would mean that it is solid for the 62 grade.

    Edit - "63" was a typo. I meant 62, the grade on the holder. It would take a gold CAC to starting thinking about making it in a 63 holder.
  • GazesGazes Posts: 2,315 ✭✭✭✭✭
    Originally posted by: TopographicOceans

    "Cabinet Friction" (where coins packed together tightly in a box stored in manila envelopes) can give the impression of being circulated so you can see coins in 62 holders that appear to have wear.



    A green CAC sticker would mean that it is solid for the 63 grade.




    Solid for the 62 grade ? Or 63 ? It's in a 62 holder



  • bolivarshagnastybolivarshagnasty Posts: 7,352 ✭✭✭✭✭
    I'm pretty sure T.O. meant solid for a 62. If it had a gold bean, then CAC thinks it's worthy of a grade above.
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Yes, 62 image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    CAC gives confidence in the assigned grade with a green sticker... gold means it could

    grade higher.... Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,516 ✭✭✭✭✭
    If it's a 62 and I think it's a 63 and it's in a holder, I'm asking myself why I don't have a 65 as they're much nicer and cost more and then the answer comes. I can't afford $30 more to crack it out and re do it. It's looking for a happier home.
  • BillJonesBillJones Posts: 34,685 ✭✭✭✭✭
    Originally posted by: Gazes
    If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?


    CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.
    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 ... ?
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    Originally posted by: Gazes

    If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?




    When I see a 62 that looks like it should be 63 or 64 I don't suspect it was a compromise between 58 and a 63/64. I'm not even sure what that means.



    The 62 grade was assigned because the coin has some condition(s) that call for a lower market grade. That could be due to color, toning and eye appeal, surfaces, cabinet friction, etc. It's always good to ask yourself why, and take another critical look.



    As others have said, the CAC sticker is simply about the grade on the holder.

    Lance.
  • BillJonesBillJones Posts: 34,685 ✭✭✭✭✭
    Originally posted by: lkeigwin
    Originally posted by: Gazes
    If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?


    When I see a 62 that looks like it should be 63 or 64 I don't suspect it was a compromise between 58 and a 63/64. I'm not even sure what that means.

    The 62 grade was assigned because the coin has some condition(s) that call for a lower market grade. That could be due to color, toning and eye appeal, surfaces, cabinet friction, etc. It's always good to ask yourself why, and take another critical look.

    As others have said, the CAC sticker is simply about the grade on the holder.
    Lance.


    MS-62 can be a very viable grade for a coin that is really hard to find in Mint State. The best know 1854-D Three Dollars Gold Pieces are MS-62 graded coins. There is nothing wrong with one that is "all there." Sometimes it seems like the graders are unwilling to stick to their neck out and give a really tough coin an MS-62.
    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 ... ?
  • mannie graymannie gray Posts: 7,259 ✭✭✭✭✭
    Originally posted by: BillJones

    Originally posted by: Gazes

    If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?




    CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.






    Agree with the above statement 100%

  • gripgrip Posts: 9,962 ✭✭✭✭✭
    Originally posted by: mannie gray
    Originally posted by: BillJones
    Originally posted by: Gazes
    If a coin is in a pcgs holder and is graded 62 ( looks like a 63 or a 64) but you suspect it got is grade as a compromise between a higher grade and AU58----then what is the impact of a Cac sticker ? Does the sticker mean it is solid for a 62 ? CAC thinks it's uncirculated ? That 62 is a fair compromise ?


    CAC is a marketing program. There is merit to CAC's contention that coins which receive their approval and a sticker are solid for the grade assigned. BUT those of us who look at coins offered at the major shows and in auctions know that CAC is not right 100% of the time. You need to become an educated consumer. You can't just rely on slab grades and CAC approval to make your purchasing sections for you.



    Agree with the above statement 100%

    1+


  • BillJonesBillJones Posts: 34,685 ✭✭✭✭✭
    This 1852-O gold dollar is an example of the MS-62. This is tough coin, and hard to find examples that are nicer than this. Now that Coin Facts free, you can check out the photos and go to the Heritage sales were higher grade examples have been sold. I don't like some of the pieces with higher grades as well as I like this one, and I think that a couple of the higher grade pieces, while nicer than this, are over graded in the holder. It's just my opinion.

    imageimage
    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 ... ?
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    A sticker on a coin that could easily range from 58/62 on any particular day, doesn't mean JA agrees 100% with the assigned grade, even if that is the easy definition most of the time. A sticker really suggests that he is willing to buy the coin in the current holder, at prices related to said assigned grade. In could very well be an stunning 58 sitting in a 62 holder and get a sticker. JA might recognize the coin as a exceptional, technical 58++ coin that he would be more than willing to pay regular 62 money for. We've all run into such coins. And they can easily be worth more than 62 money because they are the exception to the rule.



    Sticker = JA is a potential buyer....at a particular price level.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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