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Upgrade vs Gold CAC?
drddm
Posts: 5,402 ✭✭✭✭✭
If you had a coin in a series you knew really well that if you sent in for regrade would most likely get a 1-2 point upgrade, would you? Or would you send it as is to CAC for a gold sticker?
Let's hear some opinions and thoughts behind them.
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I would send it for regrade.If it didn't regrade than send to CAC.
It could just be my imagination, but it seems to me that people pay more for gold cac stickers than they do the coin. Not sure why, but there must be some bragging rights to saying you have a gold cac, because they have the price figured in for the next couple of upgrades.
I would try to get the gold cac first. You can always then try to regrade the coin after.
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
Maybe sell if with the gold cac premium attached and just purchase the same coin again in the grade you can with the money you receive.
Does CAC guarantee their offers on gold sticker coins? If they were willing to pay MS64 GS money for 63 gold stickers that would make it a winner.
I'll take the grade bump now and worry about the CAC sticker when it comes time to sell.
Lance.
I own quite a few coins that I believe are undergraded and in series that I know very well. In those cases I do not hesitate to send the coins to CAC and, if they earn a gold CAC sticker, they typically stay in their older holders with gold CAC stickers. When and if I offer them for sale, I always price them according to the quality of the coin. They sell to the appropriate pool of buyers.
In honor of the memory of Cpl. Michael E. Thompson
Personally I like my set to be consistent with coins that are high end for the grade so I would take the gold cac sticker
I think the coin would speak for itself, regardless of the grade or sticker on the holder.
it depends. i had one coin that i knew was under-graded by more than two grades. i had it re-graded and i was right...it upgraded three grades then got a green sticker. i did better on that one than if it just had a gold sticker.
it also depends on the grade. imagine you have a 55 with a gold sticker. there's really only one more grade up there...so it may not be worth it. hope that makes sense.
To me it depends on the holder. If it's an old rattler, or doily, I'd go for the Gold CAC. Those holders with a Gold Bean are very sexy and have a pretty good demand and premium. If it's in an OGH or one of the blue holders, then I might go for the regrade.
There also is the question of how many points you think it's under graded and what the price spread is between the next two grades above. Say it's a Walking Liberty Half that is graded MS-65 and you think it's seriously under graded and it has an almost lock shot at 67. The price difference between a 65 and 66 is typically much smaller than the jump from 66 to 67. Someone may not be willing to pay the 67 money for a holder labeled 65 with a Gold Bean.
That may not have helped, but it's how I think about it.
What Tom said. Here is my only gold CAC. It did not have the sticker on it when I bought it, that came when it was sent in. I certainly did not pay P50 money for it, it was obviously much better and I paid P55 MV no questions asked. I guess I could have sent it in for regrading but the gold CAC is 'regrading' enough I think.
Best, SH
I'd get the higher graded slab and then add a green sticker on top of it!
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Submitting the coin to CAC in an attempt to get a gold sticker is challenging enough. If successful, then submitting the coin for regrade consideration with the gold sticker affixed more or less forces the graders doing the reconsideration to think for a minute.
The gold cac sticker is a nearly certain "bird in the hand." Your "opinion" that the coin could upgrade more than 1 pt is pure speculation. For all you know, it could come back the same grade or BB'd. You never know for sure. I'd stick with the sure bird in the hand until the game changes again. You can always resubmit the coin for an upgrade if CAC disappears from the market. And even then, there might be a post-CAC following of old gold stickers.
I asked the same question on a 38-D Buffalo graded MS65/gold. The jury was split. I decided to let it be as it's not an expensive coin. It's just another story to tell about the inconsistencies of grading over the years (it's in an OGH).
"Just because you were born on 3rd base doesn't mean you hit a triple"
For old holders I'd always take the gold CAC
Latin American Collection
I'd send it to cac, just because the bang for the buck (benefit/fee) is greater.
The discussion is really only pertinent if one is selling coins... and many... actually most... forum members are selling. For collectors, there may be a bit of a status symbol with a gold sticker.. and future consideration. For me, the sticker on a slab means premium pricing when/if I buy. Cheers, RickO
Maybe I'm naive, but don't the graders just see the coin and not the holder? Maybe it's different for regrade consideration (have I just answered my own question?).
I have a 1872-S H10C PCGS AU58 with a Gold CAC, I am keeping "as it is" since I am working on my 19th Century Everyman Collection.
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I would do nothing until the day before I sold it, which for me will be never, as no matter what you do with it, it will be the same coin which is what this is all about.
I've never been in a grading room but I'd think the graders get the coin in it's current holder, reconsider the grade and if the consensus is that it's undergraded it then get's cracked out of it's current holder, new grade affixed and then re-holdered.
I can't think of another way to do it.
I work the system on a regular and systematic basis. My observation is that the gold bean is always worth a strong percentage over the next grade price level. And on pre-Barbers sometimes two points are envisioned at many auctions.
