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At what Minimum Market Value do you consider sending a Coin to CAC? $100 - $300 - $500 - $1000+ ??
Cougar1978
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What percentage of the coins sent CACed and what would you calculate the average cost per coin for CAC submission. How do you account for these costs - period expense or inventory cost? Do you tack on a premium for CAC Coins in your Sell Price / Valuation? What coins would you not CAC - Dollar Value, etc? Do you do your own submissions or has a dealer been the go to person on this?
So Cali Area - Coins & Currency
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Usually I will only send ones that have a decent price jump at the next grade or with a bean or if the coin has killer eye appeal. Some also play the gold bean game with common $50 coins they think are undergraded to the point a gold is possible.
The most inexpensive one I have ever sent is was worth $1,200 at the time. But I would consider something in the $250-$500 range as long as the sticker earns a minimum 10% premium.
$50 or so and up; and then it probably makes them sweat a little because they want to be nice and give submitters the benefit of the doubt. Not an easy job with everyone looking to add value and look for that warm fuzzy feeling they get from approvals....
None if it looks right it will not need it. How often do you get a gold anyway.
Hoard the keys.
Any coin I feel would merit a CAC submission. As a collector, my encapsulated coins tend to be $100-200 and up anyway (both purchased and made), so I send what I feel is appropriate.
Gonna get me a $50 Octagonal someday. Some. Day.
Have not sent had a submission yet, but am working with a local dealer to get a group of coins submitted. Avg cost $100. Several I feel could bring a premium, and a sticker MAY allow me to ask more when selling. The main objective is tuition. Learning and having fun as @VanHalen put it
$400 and up. I haven't send one in yet.
I don't see the need, it should stand on it's own merits.
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I've sent in many $50 coins. The way I see it that gives me the ability to better determine what they like. If the coin stickers, 50 years from now if the value has increased naturally with the sticker it's value should be much greater than it's peers.
It's well worth the price of admission.
I am a collector and I submit direct to CAC. I would put my minimum at $150, but I do have a nice toned Buffalo in a OGH with a value of $50 that I am going to submit hoping for a gold sticker. I submit to CAC as a learning experience to help me buy better coins. For the coins that I have submitted, I am around 40% approval. To date I have only sold one CAC coin a 1883 CC Morgan MS64+ with a green sticker and I made a small profit after eBay fees.
I wouldn't send in anything less than $500. I don't think any coin worth less than $200 should go to PCGS.
Have never considered the service and maybe if it was a five figure coin, but I find very few problems with my choice to use PCGS , almost 99 % of the time. I respect the principles and cause .
Can someone please explain to me what a Green sticker means and what a Gold sticker means?? Thanks in advance.
In a nutshell green means it is solid for the grade and meets their criteria for the assigned grade. Gold means the coin is undergraded by today's standards. There is some controversy about what exactly that means though. Is it undergraded by 1 point or 2 or ?
It looks like CAC doesn't want you to know.
It used to be a green sticker was solid for the grade and a gold was exceptional for the grade (and thus a likely candidate for an upgrade) But I went to the CAC site and I don't see anything where they define Green vs. Gold anymore ???
From their current web site FAQ, I would say a green sticker is "solid for the grade" and a gold sticker is "premium quality for the assigned grade"
[hr]
caccoin.com/about-cac/
KNOWING THE GRADE ISN’T ALWAYS ENOUGH. Green and Gold CAC Stickers
SETTING THE STANDARD FOR QUALITY.
A LITTLE STICKER MAKES A BIG DIFFERENCE.
Within each number of the coin grading scale is a small range of condition from low-end to high-end. Certified coins of the same grade can be of varying quality. Many of today’s collectors want coins that are solid or premium quality for their assigned grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins … and award our sticker only to those coins that meet the standard for today’s selective buyer.
WHAT THE CAC STICKER MEANS:
• Verified. Your coin has been verified as meeting the standard for strict quality within its grade.
• Guaranteed. CAC stands behind our verification by making markets in most actively traded coins.
THE CAC STICKER IS BACKED BY EXPERIENCE.
CAC was founded by leading members of the numismatic community, including John Albanese, a respected authority on coin grading and the rare coin market.
I do not see that a set number or value makes sense in contrast to the value between grades- Especially at the next grade
Experience the World through Numismatics...it's more than you can imagine.
The submitters BKC must be way over the legal limit to slab a $50 coin in the first place
Around $300 in general.
Just before it's time to sell, regardless of value.
I don't pay money for opinions about coins until it matters.
Liberty: Parent of Science & Industry
Does anyone know about selling stickered coins to CAC? I've never done it so curious about the procedure and how well they pay. Also curious as to how they factor in high premium toning when assesing their buy price if anyone has any first hand knowledge
$150
Depends on the circumstances. I sent in a ms64 1923 Peace dollar, generally a $100 coin. Now it had fantastic album toning and stickered. It sold for $500ish if I recall. i highly doubt the depth of bidders would have been present sans sticker.
Latin American Collection
Well, first I would have to decide to submit a coin for slabbing. Since I see absolutely no reason to ever do that--CAC is a non-starter for me at any price point.
I agree with everything but the "regardless of value" part. I don't think it ever makes sense to sticker a $100 coin unless it could go gold.